The Latin America, Middle East and Africa Plastic Container Market would witness market growth of 7.2% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 4,190.7 kilo tonnes, showcasing a growth of 6.2% (2024-2031).
Polyethylene Terephthalate (PET) is a widely used thermoplastic polymer in the plastic container market, recognized for its excellent combination of strength, durability, and clarity. PET is primarily derived from petrochemical feedstocks and is commonly utilized in packaging applications, especially for food and beverages, due to its lightweight nature and resistance to moisture and chemicals. Its transparent properties make it an ideal choice for showcasing product contents, enhancing visual appeal while maintaining safety standards. Consequently, in Brazil, 1,009.9 kilo tonnes of plastic containers made of Polyethylene Terephthalate is expected to be utilized by the year 2031.
The Brazil market dominated the LAMEA Plastic Container Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,944.1 million by 2031. The Argentina market is registering a CAGR of 8% during (2024 - 2031). Additionally, The UAE market would witness a CAGR of 6.3% during (2024 - 2031).
There is growing consumer awareness and demand for sustainable packaging options. In response, the plastic container market has seen a shift towards using recyclable and biodegradable plastics and the development of packaging made from recycled plastic materials. By adopting eco-friendly materials and production practices, brands increasingly focus on reducing environmental impact.
Plastic containers are widely used in waste management and recycling. They provide an effective means for collecting, sorting, and storing recyclable materials. Specialized plastic bins are also used in healthcare and laboratory settings for waste disposal, ensuring that hazardous materials are safely contained. The market is transforming significantly, driven by evolving consumer preferences, technological advancements, and a heightened focus on sustainability. As environmental concerns grow, there is an increasing push for sustainable packaging solutions. The plastic container industry has responded by exploring alternatives to traditional petroleum-based plastics.
In the oil and gas industry, plastic containers are essential for transporting and storing chemicals, lubricants, oils, and other petroleum-based products. They are favored due to their resistance to corrosion, lightweight nature, and ability to store and handle hazardous materials safely. With the UAE’s expanding oil and gas infrastructure, including new refineries, storage facilities, and transportation networks, the need for plastic containers in these operations continues to rise.
As the UAE looks to optimize its oil and gas supply chains, innovative packaging materials, including stronger, more durable, and sustainable plastic containers, are becoming increasingly important. These containers are used not only for storage but also for ensuring the safe and efficient transport of petroleum products across the globe. Hence, the growth of the food processing sector in Brazil and the expansion of the oil and gas industry in the UAE are two powerful drivers of the market.
Free Valuable Insights: The Worldwide Plastic Container Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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