The Latest Plastic Container Industry Statistics Explained
In 2018, the plastic packaging market was valued at USD 348.08 billion.
The statistic “In 2018, the plastic packaging market was valued at USD 348.08 billion” represents the total market value of plastic packaging products in terms of the United States Dollar (USD) in the year 2018. This figure indicates the economic importance and size of the plastic packaging industry during that specific period, reflecting the total revenues generated from the production and sales of plastic packaging materials and products worldwide. It is a key metric used by industry analysts, businesses, and policymakers to understand the market’s scale, growth trajectory, and trends within the plastic packaging sector.
The U.S. plastic container and packaging industry is expected to reach revenue of $82.08 billion by 2024.
This statistic forecasts that the U.S. plastic container and packaging industry will generate a revenue of $82.08 billion by the year 2024. This prediction suggests a significant growth trajectory for the industry over the coming years, driven by various factors such as increasing consumer demand for packaged goods, expansion of e-commerce leading to higher demand for packaging materials, and advancements in technologies for sustainable and innovative packaging solutions. The industry’s projected growth can also be influenced by regulatory developments, consumer preferences for eco-friendly packaging, and global market trends impacting the supply chain of plastic-based packaging products. Overall, reaching a revenue of $82.08 billion by 2024 indicates substantial expansion and economic significance for the U.S. plastic container and packaging sector.
In 2017, the U.S. plastic bottle manufacturing industry was worth $5.5 billion.
The statistic that the U.S. plastic bottle manufacturing industry was worth $5.5 billion in 2017 reflects the total economic value of the industry’s output during that year. This figure accounts for the collective revenues generated by manufacturing plastic bottles within the United States, encompassing the costs of production, labor, materials, and other associated expenses. The industry’s worth serves as a key indicator of its size and significance within the broader economy, highlighting the extent of its contribution to revenue generation, job creation, and overall economic activity. Additionally, the $5.5 billion value provides valuable insight into the industry’s scale and financial impact, aiding stakeholders in assessing market trends, making strategic decisions, and understanding the industry’s standing relative to other sectors.
In 2021, Europe held the largest share in the plastic containers market.
The statistic “In 2021, Europe held the largest share in the plastic containers market” indicates that among all regions globally, Europe accounted for the highest proportion of market sales and revenues in the plastic containers industry in that particular year. This suggests that Europe was leading in terms of both production and consumption of plastic containers compared to other regions. Factors such as technological advancements, increased demand for packaged food and beverages, and strict regulations on packaging materials could have contributed to Europe’s dominance in the market. This statistic highlights the significance of Europe in the plastic containers market and its pivotal role in driving the industry’s growth and developments.
In 2020, Asia Pacific plastic containers market size was estimated to be worth $48.5 billion.
The statistic stating that the Asia Pacific plastic containers market size was estimated to be worth $48.5 billion in 2020 indicates the total value of sales generated by plastic container products within the Asia Pacific region during that year. This figure reflects the significant market demand for plastic containers in various industries such as food and beverage, personal care, and household goods. The size of the market suggests a strong and growing market for plastic containers in the region, driven by factors such as population growth, urbanization, and changing consumer preferences. This information is essential for businesses operating in the plastic container industry to understand the scale of the market and make informed decisions regarding production, distribution, and marketing strategies.
The food & beverages end-use sector held over 55% of the plastic containers market share in 2020.
This statistic indicates that in 2020, the food & beverages end-use sector dominated the plastic containers market, holding more than 55% of the total market share. This means that a significant portion of plastic containers produced and sold during that year were used for packaging food and beverages. The high market share held by this sector suggests that there is a strong demand for plastic containers within the food and beverage industry, likely driven by factors such as convenience, cost-effectiveness, and the need to preserve and transport perishable goods. This statistic highlights the importance of the food & beverages sector as a key player in the consumption and utilization of plastic containers.
The global plastic jar packaging market is projected to reach $28.3 billion by 2025, growing at a CAGR of 3.9% from 2020.
The statistic indicates that the global plastic jar packaging market is expected to increase significantly in value, reaching $28.3 billion by the year 2025. This growth is projected to occur at a Compound Annual Growth Rate (CAGR) of 3.9% starting from the year 2020. The CAGR of 3.9% represents the average annual rate of growth for the market over the specified time period. This forecast implies a positive trend in the demand for plastic jar packaging globally, likely driven by factors such as increasing consumer preferences for convenience, sustainability efforts, and the growth of e-commerce.
In 2019, the plastic packaging industry used 14.5 million metric tons of plastic resin.
The statistic states that in 2019, the plastic packaging industry utilized a total of 14.5 million metric tons of plastic resin. This figure illustrates the significant volume of plastic materials consumed specifically for packaging purposes in one year. The use of such a large quantity of plastic resin highlights the substantial impact of the plastic packaging industry on the environment, in terms of resource depletion and waste generation. This statistic underscores the importance of addressing sustainability concerns associated with plastic packaging, such as increasing recycling rates, transitioning to biodegradable alternatives, and reducing overall plastic consumption to mitigate environmental consequences.
North America accompanied by Europe, hold a significant market share for plastic packaging.
The statistic “North America accompanied by Europe, hold a significant market share for plastic packaging” indicates that these two regions, North America and Europe, collectively have a substantial portion of the market share in the plastic packaging industry. This suggests that a notable volume of plastic packaging products are produced, consumed, and/or sold in these regions compared to others. It implies that companies in North America and Europe are likely to be major players in the plastic packaging sector, benefiting from a strong market presence and potentially influencing industry trends and developments. This statistic highlights the importance of these regions in the global plastic packaging market and suggests potential opportunities and challenges for businesses operating in or targeting these markets.
The global plastic bottle market was worth $176.7 Billion in 2021.
The statistic “The global plastic bottle market was worth $176.7 Billion in 2021” indicates the total value of plastic bottles sold worldwide during that year. This figure represents the monetary value of all plastic bottles produced, marketed, and sold globally, encompassing a wide range of sectors such as beverages, personal care products, household items, and industrial use. The substantial market value highlights the significance of plastic bottles in the global economy and underscores their widespread use in various industries. Additionally, it suggests the considerable scale of the plastic bottle market, reflecting the significant demand for these products on a global scale.
The global plastic containers market is projected to grow at a CAGR of around 4.7% until 2024.
This statistic indicates that the global plastic containers market is expected to experience a Compound Annual Growth Rate (CAGR) of approximately 4.7% until the year 2024. This suggests that the market for plastic containers is anticipated to expand steadily over the next few years. A CAGR of 4.7% implies a relatively healthy and sustainable rate of growth in the industry, driven by factors such as increasing demand for packaged goods, technological advancements in plastic manufacturing, and changing consumer preferences. Businesses operating in the plastic containers market may harness this projected growth to strategize and make informed decisions to capitalize on the expanding market opportunities.
From 2017 to 2025, the plastic jars packaging market is expected to grow by 2.8% annually.
The statistic indicates that the plastic jars packaging market is projected to experience a compound annual growth rate (CAGR) of 2.8% from 2017 to 2025. This means that each year, on average, the market for plastic jars packaging is expected to expand by 2.8%. This growth rate provides insights into the anticipated increase in demand for plastic jars for packaging purposes over the specified timeframe. Factors such as rising consumer preferences for convenient packaging solutions, technological advancements in plastic jar manufacturing, and the overall growth of industries like food and beverages, cosmetics, and pharmaceuticals that rely on plastic jars for packaging could contribute to this expected annual growth rate.
The global PET preforms market is projected to expand at a CAGR of 5% from 2019 to 2027.
The statement indicates that the global PET preforms market, which are semi-finished products used in the manufacturing of PET bottles, is expected to experience a Compound Annual Growth Rate (CAGR) of 5% from the year 2019 to 2027. This suggests that the market is forecasted to steadily grow at an annual rate of 5% over the specified period. The CAGR is a measure used to represent the smooth rate at which a quantity grows over a period of time, providing insight into the market’s overall growth trajectory. This projection implies potential opportunities for market expansion, increased demand for PET preforms, and an overall positive outlook for the industry over the specified timeframe.
In 2019, the global production of plastics amounted to some 368 million metric tons.
In 2019, the global production of plastics reached a significant milestone, totaling approximately 368 million metric tons. This statistic reveals the massive scale of plastic production worldwide and underscores the pervasive use of plastics in various industries such as packaging, construction, and automotive. The sheer volume of plastic production highlights the environmental impact, as much of the plastic waste ends up in landfills, oceans, and other natural environments, leading to pollution and negative consequences for ecosystems and human health. Policymakers, industries, and individuals need to recognize the importance of sustainable practices and responsible consumption to mitigate the adverse effects of plastic production and waste on the environment.
In 2015, the world produced 322 million tons of plastic, representing a rise of 3.9% from the previous year’s figure.
The statistic indicates that in 2015, the global production of plastic reached 322 million tons, marking a 3.9% increase from the previous year’s total. This data highlights the continuous growth in plastic production on a global scale, reflecting the rising demand for plastic materials across industries. The significant expansion in plastic production raises concerns about the environmental impact, particularly in terms of plastic pollution and waste management challenges. This statistic underscores the need for sustainable solutions and practices to address the detrimental effects of plastic production on ecosystems and human health.
The global market for plastic containers was estimated at $44.6 billion in 2020 and is expected to reach $67.3 billion by 2027.
The statistic provided indicates the estimated size of the global market for plastic containers in 2020, which was $44.6 billion, and forecasts its growth to reach $67.3 billion by 2027. This suggests a strong expected increase in the market size over the specified time frame, reflecting growing demand for plastic containers worldwide. Factors such as population growth, urbanization, industrialization, and increasing consumption of packaged goods are likely driving this projected market expansion. The forecasted growth further indicates opportunities for businesses operating in the plastic container industry to capitalize on market trends and potential profitability in the coming years.
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