The North America Plastic Container Market would witness market growth of 4.7% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 7,381.7 kilo tonnes, showcasing a growth of 21.9% (2020-2023).
Beverages represent a significant application within the plastic container market, encompassing a wide range of products including soft drinks, juices, water, and alcoholic beverages. The use of plastic containers, particularly bottles and cartons, offers several advantages, such as lightweight, durability, and resistance to breakage, making them ideal for transport and storage. These containers are often designed with features that enhance convenience, such as resealable caps and easy-to-carry handles, catering to the on-the-go lifestyle of consumers. Additionally, advancements in plastic technology have led to the development of containers that preserve the freshness and quality of beverages while ensuring product safety through tamper-evident seals. Therefore, in US, 5,903.9 kilo tonnes of plastic containers is expected to be utilized in Beverages by the year 2031.
The US market dominated the North America Plastic Container Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $18,689.3 million by 2031. The Canada market is experiencing a CAGR of 6.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6% during (2024 - 2031).
The market has experienced significant growth in recent years, driven by various factors, including convenience, cost-effectiveness, versatility, and the increasing demand for packaged goods across industries. Plastic containers for storing, packaging, and transporting a wide range of products have become integral to modern-day consumer lifestyles and industrial processes. Due to their flexibility, cost efficiency, and ease of manufacturing, plastic containers have found widespread applications across several industries.
In addition, plastic containers are extensively used in the food and beverage industry to package a wide range of products, from liquids like soft drinks, juices, and bottled water to solid food items such as snacks, processed foods, and condiments. Plastic’s ability to protect food from contamination, moisture, and light makes it an ideal packaging material, ensuring the safety and freshness of products during transportation and storage. Containers like plastic bottles, food jars, trays, and boxes are commonly used in this sector.
Sustainability is becoming increasingly important in Mexico’s food processing sector. As consumers become more environmentally conscious, there is a growing demand for sustainable packaging options. Recyclable plastics, biodegradable materials, and innovative designs that reduce packaging waste are gaining momentum. This shift in consumer expectations is expected to push the plastic container market toward more sustainable practices, driving innovation and the adoption of new materials and designs in packaging solutions. In conclusion, the growth of the Canadian cosmetics sector and the expanding food and beverage industry in Mexico are both key drivers of the demand for plastic containers.
Free Valuable Insights: The Plastic Container Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
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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