Plastic Packaging Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 3.31 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Plastic Packaging Market Analysis
The Global Plastic Packaging Market size is estimated at 103.63 Million tonnes in 2024, and is expected to reach 121.93 Million tonnes by 2029, growing at a CAGR of 3.31% during the forecast period (2024-2029).
- Plastic packaging has become a popular choice among consumers due to its durability, flexibility, and cost-effectiveness. This packaging form utilizes plastic films, containers, or other polymer-based materials to create a barrier against external elements, providing a versatile and lightweight solution for packaging a wide range of goods. Plastic containers are becoming essential in the beverage, food, cosmetics, and pharmaceutical industries.
- New filling technologies and the emergence of heat-resistant packaging material opened new possibilities and options in the market. While PET bottles are standard in multiple segments, cosmetics, sanitary products, and detergents are predominantly sold in polyethylene (PE) bottles.
- As per the OECD report, while over 120 countries have implemented bans and taxes on single-use plastics, these measures often fall short of effectively reducing overall pollution. Many regulations primarily target items like plastic bags, which constitute a small fraction of plastic waste, proving more successful in lowering littering than addressing the broader issue of plastic consumption. Furthermore, only a minority of countries have implemented landfill and incineration taxes that provide incentives for recycling, highlighting a global need for more comprehensive strategies to tackle plastic pollution.
- Several global companies increasingly recognize the urgency of recycling PET into food-grade products, such as beverage containers, which forms a major part of the current demand . This trend can drive the demand for PET across the world. For instance, the Coca-Cola Company intends to use 50% recycled PET in its containers by 2030. Also, Unilever is committed to making 100% of its plastic packaging reusable or recyclable by 2025.
- The e-commerce industry's rapid expansion is expected to create new opportunities for market expansion. To cut the cost of transportation, e-commerce enterprises favor lightweight and flexible packaging options. The industry is anticipated to flourish as more people shop online for fresh foods, FMCG products, electrical devices, and clothing every day.
- Additionally, more significant opportunities for plastic packaging are anticipated in the coming years due to the growing introduction of innovative packaging solutions, including active packaging, modified environment packaging, edible packaging, and bioplastic packaging. However, the industry's existence is expected to be challenged by growing sustainability awareness and a strict prohibition on single-use plastic to reduce plastic pollution.
Plastic Packaging Market Trends
The Food Segment to Occupy Major Share in the Market Studied
- The food packaging industry is one of the largest users of plastics. The demand for rigid plastic packaging for the food industry is witnessing growth, as it is increasingly replacing traditional materials such as paperboard, metals, and glass owing to its beneficial properties, such as being lightweight and having reduced cost.
- The increasing consumption of bakery products is further driving the adoption of flexible plastic packaging solutions to increase shelf life and avoid chalky bread conditions. With roughly 80% of baked goods being sold in flexible packaging and bakeries now producing a more comprehensive range of bread, buns, and rolls than ever before, including specialty and gluten-free, industry research indicates that market players are developing advanced solutions catering to the demand.
- Vendors are strategically partnering to enhance flexible packaging for the segment. For instance, in October 2023, Pakka Limited, formerly known as Yash Pakka Limited, a manufacturer specializing in compostable packaging solutions, introduced India’s first-ever compostable flexible packaging through a collaboration with Brawny Bear, a nutrition company renowned for its date-based healthy food products.
- Rigid plastic packaging is incorporated in plastic bottles and containers, and it is popular in industries for food packaging applications. Containers made of HDPE and LDPE materials are used to pack sauces and other consumer goods. Moreover, plastic bottles and containers have gained importance in the food industry due to their ability to provide extended shelf life to packaged food items.
- The current market outlook indicates a global demand for flexible packaging solutions for sweets and confectionery products. Flexible packaging formats, such as pouches, bags, and wrappers, are widely used in the confectionery industry due to their versatility, cost-effectiveness, and the ability to extend the shelf life. These packaging solutions offer convenience, portability, and attractive branding opportunities, enhancing product appeal and consumer experience. In addition, flexible packaging can incorporate resealable features, improving product freshness and reducing waste.
- According to the Organisation for Economic Co-operation and Development (OECD), LLDPE and LDPE are anticipated to account for more than a 30% share of the packaging products, as highlighted by recent market statistics. HDPE and LDPE are commonly used in the food industry for packaging due to their excellent barrier properties, durability, and safety. HDPE and LDPE are often used for bottles, bags, and containers. Moreover, PE films are also increasingly used in food applications to provide a flexible, protective barrier that maintains freshness, extends shelf life, and enhances the visual appeal of products.
Asia-Pacific to Hold the Largest Market Share in the Global Industry
- The Asia-Pacific packaging industry trends are heavily influenced by the rising per capita income, changing social atmosphere, and demographics. As a result of the shift, new packaging materials, processes, and forms are required.
- China is the largest country contributing to plastic packaging usage. The growing trend of packed meals, the increasing number of restaurants and supermarkets, and increasing bottled water and beverage consumption are significant factors driving the market growth.
- According to industry statistics from the National Bureau of Statistics of China, in 2023, China produced about 74.89 million metric tons of plastic products. Such high production of plastic product use in China is expected to drive the market value and demand for various rigid plastic packaging products.
- Moreover, market vendors are offering products that focus on sustainability commitments. For instance, as part of its commitment to sustainability, Essel Propack, a manufacturer of laminated plastic tubes based in India, produced recyclable HDPE barrier tubes. Platina 250 and Green Maple Leaf (GML) 300 Lamitubes were created for brands looking to switch to recyclable, environmentally friendly barrier packaging formats.
- In July 2023, PepsiCo India announced its plans to launch new 100% recycled polyethylene terephthalate (rPET) bottles for its Carbonated Beverage category. The company is introducing these bottles as part of its efforts to build a 'PepsiCo positive' (pep+) value chain that contributes to a circular economy system in the country.
- Furthermore, in December 2023, Mars China launched a Snickers bar featuring dark chocolate cereal in mono-material flexible packaging. This new product offers low-sugar and low-glycemic index (GI) options and individual packaging made from mono PP material, adhering to the concept of 'Designed for Recycling' that can be easily recycled in designated channels.
Plastic Packaging Industry Overview
The global plastic packaging industry outlook is highly competitive because of the presence of many players running their businesses within national and international boundaries, as highlighted in the industry analysis. The market is fragmented with the presence of the largest companies like Alpla Group, Amcor PLC, Berry Global Inc., and Mondi PLC.
- In November 2023, Amcor PLC launched the next generation of its medical laminate solutions. Amcor’s latest innovation enables the development of all-film packaging that is recyclable in the polyethylene stream. The new packaging solution consists of a mono-material polyethylene (PE) laminate that can be employed for a wide range of packaging formats. It can replace non-recyclable with recycle-ready lidding for 3D thermoformed packages that are used for drapes, catheters, protective materials, and injection and tubing systems. Laminates also find application in 2D pouches for products such as gloves and wound care materials.
- In July 2023, Indiana-based Berry Global launched a range of reusable bottles made from post-consumer recycled plastic (PCR) for The Bio-D Co., a cleaning company with an ethical and environmental focus. The new PCR bottles can be refilled multiple times at more than 300 refill stores across the country. The CO2 emissions saved by using 100% PCR bottles compared with virgin plastic amount to 14.3 tons annually.
Plastic Packaging Market Leaders
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Mondi plc
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ALPLA Group
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Huhtamaki Oyj
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Amcor plc
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Berry Global Inc.
*Disclaimer: Major Players sorted in no particular order
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Plastic Packaging Market News
- March 2024: INEOS Olefins & Polymers Europe, PepsiCo, and Amcor strategically partnered to launch a novel snack packaging solution for Sunbites crisps, incorporating 50% recycled plastic.
- October 2023: Coca-Cola India announced the launch of Coca-Cola in 100% recycled plastic (rPET) bottles in smaller pack sizes, including 250 ml and 750 ml bottles. The new recycled plastic bottles are manufactured by Coca-Cola bottling partners Moon Beverages Ltd and SLMG Beverages Ltd and are made from 100% food-grade rPET, excluding caps and labels.
Plastic Packaging Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
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4.2 Industry Attractiveness - Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants
- 4.2.2 Bargaining Power of Buyers/Consumers
- 4.2.3 Bargaining Power of Suppliers
- 4.2.4 Threat of Substitute Products
- 4.2.5 Intensity of Competitive Rivalry
- 4.3 Industry Value Chain Analysis
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4.4 Market Dynamics
- 4.4.1 Market Drivers
- 4.4.1.1 Growing Geriatric Population and Prevalence of Diseases
- 4.4.1.2 Product Innovations such as Downsizing Coupled with Relatively Low Costs
- 4.4.2 Market Challenges
- 4.4.2.1 Dynamic Nature of Regulations and Inability to Support Heavy Goods
5. MARKET SEGMENTATION
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5.1 RIGID PLASTIC PACKAGING
- 5.1.1 Material
- 5.1.1.1 Polyethylene (PE)
- 5.1.1.2 Polyethylene Terephthalate (PET)
- 5.1.1.3 Polypropylene (PP)
- 5.1.1.4 Polystyrene (PS) and Expanded Polystyrene (EPS)
- 5.1.1.5 Polyvinyl Chloride (PVC)
- 5.1.2 Product
- 5.1.2.1 Bottles and Jars
- 5.1.2.2 Trays and containers
- 5.1.3 End-user Industry
- 5.1.3.1 Food
- 5.1.3.2 Beverage
- 5.1.3.3 Healthcare
- 5.1.3.4 Cosmetics and Personal Care
- 5.1.4 Geography
- 5.1.4.1 North America
- 5.1.4.1.1 Material
- 5.1.4.1.2 End-user Industry
- 5.1.4.1.3 Country
- 5.1.4.1.3.1 United States
- 5.1.4.1.3.2 Canada
- 5.1.4.2 Europe
- 5.1.4.2.1 Material
- 5.1.4.2.2 End-user Industry
- 5.1.4.2.3 Country
- 5.1.4.2.3.1 United Kingdom
- 5.1.4.2.3.2 Germany
- 5.1.4.2.3.3 France
- 5.1.4.2.3.4 Italy
- 5.1.4.2.3.5 Spain
- 5.1.4.3 Asia
- 5.1.4.3.1 Material
- 5.1.4.3.2 End-user Industry
- 5.1.4.3.3 Country
- 5.1.4.3.3.1 China
- 5.1.4.3.3.2 India
- 5.1.4.3.3.3 Japan
- 5.1.4.3.3.4 Australia
- 5.1.4.3.3.5 South Korea
- 5.1.4.3.3.6 Indonesia
- 5.1.4.3.3.7 Australia and New Zealand
- 5.1.4.4 Latin America
- 5.1.4.4.1 Material
- 5.1.4.4.2 End-user Industry
- 5.1.4.4.3 Country
- 5.1.4.4.3.1 Brazil
- 5.1.4.4.3.2 Argentina
- 5.1.4.4.3.3 Mexico
- 5.1.4.5 Middle East and Africa
- 5.1.4.5.1 Material
- 5.1.4.5.2 End-user Industry
- 5.1.4.5.3 Country
- 5.1.4.5.3.1 United Arab Emirates (UAE)
- 5.1.4.5.3.2 Saudi Arabia
- 5.1.4.5.3.3 South Africa
- 5.1.4.5.3.4 Egypt
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5.2 FLEXIBLE PLASTIC PACKAGING
- 5.2.1 Material Type
- 5.2.1.1 Polyethene (PE)
- 5.2.1.2 Bi-orientated Polypropylene (BOPP)
- 5.2.1.3 Cast Polypropylene (CPP)
- 5.2.1.4 Polyvinyl Chloride (PVC)
- 5.2.1.5 Ethylene Vinyl Alcohol (EVOH)
- 5.2.2 Product Type
- 5.2.2.1 Pouches
- 5.2.2.2 Bags
- 5.2.2.3 Films and Wraps
- 5.2.3 End-user Industry
- 5.2.3.1 Food
- 5.2.3.1.1 Baked Food
- 5.2.3.1.2 Snacked Food
- 5.2.3.1.3 Meat, Poultry and Sea Food
- 5.2.3.1.4 Candy/Confections
- 5.2.3.1.5 Pet Food
- 5.2.3.2 Beverage
- 5.2.3.3 Cosmetics and Personal Care
- 5.2.3.4 Healthcare
- 5.2.4 Geography
- 5.2.4.1 North America
- 5.2.4.1.1 Material Type
- 5.2.4.1.2 End-user Industry
- 5.2.4.1.3 Country
- 5.2.4.1.3.1 United States
- 5.2.4.1.3.2 Canada
- 5.2.4.2 Europe
- 5.2.4.2.1 Material Type
- 5.2.4.2.2 End-user Industry
- 5.2.4.2.3 Country
- 5.2.4.2.3.1 United Kingdom
- 5.2.4.2.3.2 Germany
- 5.2.4.2.3.3 France
- 5.2.4.2.3.4 Italy
- 5.2.4.2.3.5 Spain
- 5.2.4.3 Asia
- 5.2.4.3.1 Material Type
- 5.2.4.3.2 End-user Industry
- 5.2.4.3.3 Country
- 5.2.4.3.3.1 China
- 5.2.4.3.3.2 India
- 5.2.4.3.3.3 Japan
- 5.2.4.3.3.4 Australia and New Zealand
- 5.2.4.4 Latin America
- 5.2.4.4.1 Material Type
- 5.2.4.4.2 End-user Industry
- 5.2.4.4.3 Country
- 5.2.4.4.3.1 Brazil
- 5.2.4.4.3.2 Argentina
- 5.2.4.4.3.3 Mexico
- 5.2.4.5 Middle East and Africa
- 5.2.4.5.1 Material Type
- 5.2.4.5.2 End-user Industry
- 5.2.4.5.3 Country
- 5.2.4.5.3.1 United Arab Emirates (UAE)
- 5.2.4.5.3.2 South Africa
- 5.2.4.5.3.3 Saudi Arabia
- 5.2.4.5.3.4 Egypt
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 DS Smith PLC
- 6.1.2 ES-Plastic GmbH
- 6.1.3 Pact Group
- 6.1.4 Liquibox (Olympus Partners)
- 6.1.5 UFlex Limited
- 6.1.6 Anchor Packaging LLC
- 6.1.7 Plastipak Holdings Inc.
- 6.1.8 Dart Container Corporation
- 6.1.9 ALPLA Group
- 6.1.10 Amcor PLC
- 6.1.11 American Packaging Corporation
- 6.1.12 Berry Global Inc.
- 6.1.13 Constantia Flexibles Group GmbH
- 6.1.14 Mondi PLC
- 6.1.15 Novolex
- 6.1.16 Printpack Inc.
- 6.1.17 Reynolds Consumer Products Inc.
- 6.1.18 Quadpack Industries SA
- 6.1.19 Sealed Air Corporation
- 6.1.20 Sigma Plastics Group
- 6.1.21 Sonoco Products Company
- 6.1.22 Tetra Pak International SA (Tetra Laval Group)
- 6.1.23 Toppan Inc.
- 6.1.24 Transcontinental Inc.
- 6.1.25 Winpak Ltd
- 6.1.26 Huhtamaki Oyj
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. FUTURE OF THE MARKET
** Subject To AvailablityPlastic Packaging Industry Segmentation
The plastic packaging market is segmented into rigid plastic packaging (by material type [polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS) and expanded polystyrene (EPS), polyvinyl chloride (PVC), and other material types), product (bottles and jars, trays and containers, and other products], end-user industry [food, beverage, healthcare, cosmetics and personal care, and other end-user industries] and geography (North America {Material, End User- Industry, Countries[United States, Canada]}, Europe {Material, End User- Industry, Countries [United Kingdom, Germany, France, Italy, Spain, Rest of Europe]}, Asia-Pacific {Material, End User- Industry, Countries[China, India, Japan, Australia and New Zealand, Rest of Asia-Pacific]}, Latin America {Material, End User- Industry, Countries [Brazil, Argentina, Mexico, Rest of Latin America]}, and Middle East and Africa {Material, End User- Industry, Countries [United Arab Emirates, South Africa, Saudi Arabia, Egypt, Rest of Middle East and Africa]}). It is also segmented into flexible plastic packaging (by material type [polyethylene (PE), bi-orientated polypropylene (BOPP), cast polypropylene (CPP), polyvinyl chloride (PVC), ethylene vinyl alcohol (EVOH), and other material types], product type [pouches, bags, films and wraps, and other product types], end-user industry [food, beverage, cosmetics and personal care, healthcare, and other end-user industry] and geography (North America {Material, End User- Industry, Countries [United States, Canada]}, Europe {Material, End User- Industry, Countries[United Kingdom, Germany, France, Italy, Spain, Rest of Europe], Asia-Pacific {Material, End User- Industry, Countries[China, India, Japan, Australia and New Zealand, Rest of Asia-Pacific]}, Latin America {Material, End User- Industry, Countries [Brazil, Argentina, Mexico, Rest of Latin America]}, and Middle East and Africa{Material, End User- Industry, Countries[United Arab Emirates, South Africa, Saudi Arabia, Egypt, Rest of Middle East and Africa]}. The Industry size and market forecasts are provided in terms of volume (tonnes) for all the above-mentioned segments.
| RIGID PLASTIC PACKAGING | Material | Polyethylene (PE) | ||
| Polyethylene Terephthalate (PET) | ||||
| Polypropylene (PP) | ||||
| Polystyrene (PS) and Expanded Polystyrene (EPS) | ||||
| Polyvinyl Chloride (PVC) | ||||
| RIGID PLASTIC PACKAGING | Product | Bottles and Jars | ||
| Trays and containers | ||||
| RIGID PLASTIC PACKAGING | End-user Industry | Food | ||
| Beverage | ||||
| Healthcare | ||||
| Cosmetics and Personal Care | ||||
| RIGID PLASTIC PACKAGING | Geography | North America | Material | |
| End-user Industry | ||||
| Country | United States | |||
| Canada | ||||
| RIGID PLASTIC PACKAGING | Geography | Europe | Material | |
| End-user Industry | ||||
| Country | United Kingdom | |||
| Germany | ||||
| France | ||||
| Italy | ||||
| Spain | ||||
| RIGID PLASTIC PACKAGING | Geography | Asia | Material | |
| End-user Industry | ||||
| Country | China | |||
| India | ||||
| Japan | ||||
| Australia | ||||
| South Korea | ||||
| Indonesia | ||||
| Australia and New Zealand | ||||
| RIGID PLASTIC PACKAGING | Geography | Latin America | Material | |
| End-user Industry | ||||
| Country | Brazil | |||
| Argentina | ||||
| Mexico | ||||
| RIGID PLASTIC PACKAGING | Geography | Middle East and Africa | Material | |
| End-user Industry | ||||
| Country | United Arab Emirates (UAE) | |||
| Saudi Arabia | ||||
| South Africa | ||||
| Egypt | ||||
| FLEXIBLE PLASTIC PACKAGING | Material Type | Polyethene (PE) | ||
| Bi-orientated Polypropylene (BOPP) | ||||
| Cast Polypropylene (CPP) | ||||
| Polyvinyl Chloride (PVC) | ||||
| Ethylene Vinyl Alcohol (EVOH) | ||||
| FLEXIBLE PLASTIC PACKAGING | Product Type | Pouches | ||
| Bags | ||||
| Films and Wraps | ||||
| FLEXIBLE PLASTIC PACKAGING | End-user Industry | Food | Baked Food | |
| Snacked Food | ||||
| Meat, Poultry and Sea Food | ||||
| Candy/Confections | ||||
| Pet Food | ||||
| FLEXIBLE PLASTIC PACKAGING | End-user Industry | Beverage | ||
| Cosmetics and Personal Care | ||||
| Healthcare | ||||
| FLEXIBLE PLASTIC PACKAGING | Geography | North America | Material Type | |
| End-user Industry | ||||
| Country | United States | |||
| Canada | ||||
| FLEXIBLE PLASTIC PACKAGING | Geography | Europe | Material Type | |
| End-user Industry | ||||
| Country | United Kingdom | |||
| Germany | ||||
| France | ||||
| Italy | ||||
| Spain | ||||
| FLEXIBLE PLASTIC PACKAGING | Geography | Asia | Material Type | |
| End-user Industry | ||||
| Country | China | |||
| India | ||||
| Japan | ||||
| Australia and New Zealand | ||||
| FLEXIBLE PLASTIC PACKAGING | Geography | Latin America | Material Type | |
| End-user Industry | ||||
| Country | Brazil | |||
| Argentina | ||||
| Mexico | ||||
| FLEXIBLE PLASTIC PACKAGING | Geography | Middle East and Africa | Material Type | |
| End-user Industry | ||||
| Country | United Arab Emirates (UAE) | |||
| South Africa | ||||
| Saudi Arabia | ||||
| Egypt |
Plastic Packaging Market Research FAQs
How big is the Global Plastic Packaging Market?
The Global Plastic Packaging Market size is expected to reach 103.63 million tonnes in 2024 and grow at a CAGR of 3.31% to reach 121.93 million tonnes by 2029.
What is the current Global Plastic Packaging Market size?
In 2024, the Global Plastic Packaging Market size is expected to reach 103.63 million tonnes.
Who are the key players in Global Plastic Packaging Market?
Mondi plc, ALPLA Group, Huhtamaki Oyj, Amcor plc and Berry Global Inc. are the major companies operating in the Global Plastic Packaging Market.
Which is the fastest growing region in Global Plastic Packaging Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Plastic Packaging Market?
In 2024, the Asia-Pacific accounts for the largest market share in Global Plastic Packaging Market.
What years does this Global Plastic Packaging Market cover, and what was the market size in 2023?
In 2023, the Global Plastic Packaging Market size was estimated at 100.20 million tonnes. The report covers the Global Plastic Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Plastic Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the emerging regulations impacting the use of Plastic Packaging in various regions?
The emerging regulations that are impacting the use of Plastic Packaging in various regions are a) Bans on specific plastics b) Increasing the mandatory of recycling
Plastic Packaging Industry Report
The global plastic packaging market, as analyzed by Mordor Intelligence™ Industry PDF Reports, is witnessing significant market growth, fueled by the demand in sectors like food & beverages, personal care, pharmaceuticals, and industrial packaging. This surge is attributed to changing consumer lifestyles, the e-commerce boom, and the shift towards sustainable solutions such as bioplastics and recycled materials. Innovations in extrusion and thermoforming technologies are enabling the development of lightweight, flexible, and durable packaging, aligning with the latest plastic packaging industry trends. Asia-Pacific, with its rapid industrialization and expanding consumer base, is at the forefront of this plastic packaging industry’s growth. Despite environmental concerns and regulatory challenges, the plastic packaging industry overview shows that it is innovating to remain vital in the global market. Key players and plastic packaging companies are focusing on adapting to consumer trends and technological advancements, ensuring the sector's ongoing expansion. For detailed statistics on market share, size, and industry revenue, Mordor Intelligence™ offers a comprehensive market forecast and historical overview, available as a free report PDF download. Additionally, the industry profile includes an analysis of the price trends and the size of the global market, providing a deeper understanding of the economic factors influencing the plastic packaging industry. This information is crucial for stakeholders looking to make informed decisions in this dynamic market environment.
