The Europe Plastic Container Market would witness market growth of 5.2% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 9,000.8 kilo tonnes, showcasing a growth of 22.1% (2020-2024).
The food application segment plays a crucial role, encompassing a diverse range of packaging solutions designed to meet the needs of food manufacturers, retailers, and consumers. These containers are utilized for storing, transporting, and serving various food products, including fresh produce, dairy, frozen items, snacks, and prepared meals. Their lightweight nature, durability, and versatility make plastic containers an ideal choice for maintaining food quality and extending shelf life. Key attributes such as airtight seals, leak resistance, and temperature tolerance are vital for preserving the freshness and safety of food items. Thus, in Germany, 419.0 kilo tonnes of plastic containers is expected to be utilized in food application by the year 2031.
The Germany market dominated the Europe Plastic Container Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,995.9 million by 2031. The UK market is exhibiting a CAGR of 4.4% during (2024 - 2031). Additionally, The France market would experience a CAGR of 6.1% during (2024 - 2031).
Plastic containers provide convenience regarding portability, resealability, and portion control. This is particularly important in ready-to-eat meals, snacks, and beverages. Plastic packaging offers a low-cost solution for manufacturers, helping to keep production costs manageable while delivering high-quality packaging. Plastic containers play a crucial role in packaging medicines, medical supplies, and equipment in the pharmaceutical and healthcare sectors. They are commonly used to package pills, syrups, ointments, and other pharmaceutical products. Plastic containers are preferred in this industry due to their durability, ease of sterilization, and ability to preserve the efficacy of medicines over time.
The cosmetics and personal care industry also relies heavily on plastic containers to package lotions, shampoos, conditioners, perfumes, and other beauty products. Plastic packaging offers various advantages, such as versatility in design, ease of use, and the ability to maintain the stability of cosmetic formulations. The transparent nature of plastic allows for attractive packaging designs, which is essential for brand differentiation in the competitive cosmetics industry.
The United Kingdom’s food and beverage sector contributes to the economy. According to the Government of the United Kingdom, beverages were the largest manufacturing category in 2021, contributing £6.5 billion in gross value added (GVA) to the food and drink manufacturing sector. Other food products also contributed significantly, valued at £6.3 billion. The food and beverage industry’s expansion is driving the demand for packaging solutions, and plastic containers are at the forefront of this growth.
In addition to the increased demand for plastic packaging, there is a growing emphasis on sustainability within the food and beverage industry. The increasing number of environmentally concerned consumers is forcing businesses to employ more sustainable packaging materials, such as recyclable or biodegradable plastics. This trend towards sustainable packaging is expected to drive innovation in the plastic container market, with manufacturers focusing on developing eco-friendly options that meet regulatory and consumer expectations. Therefore, the rising pharmaceutical industry in Belgium, the expansion of the Polish cosmetics sector, and the growing food and beverage sector in the United Kingdom are all contributing to the increasing demand for plastic containers.
Free Valuable Insights: The Global Plastic Container Market will Hit USD 105 Billion by 2031, at a CAGR of 5.4%
Based on Container Type, the market is segmented into Bottles & Jars, Pails, Tubs, Cups & Bowls, and Other Container Types. Based on End-use, the market is segmented into Beverages, Food, Pharmaceuticals & Cosmetics, and Other End-uses. Based on Material, the market is segmented into Polyethylene Terephthalate (PET), Polypropylene (PP), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), and Other Materials. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Container Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By End-use (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Material (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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