North America Plastic Bottles and Containers Market - Growth, Trends, and Forecasts (2019 - 2024)

The North America Plastic Bottles and Containers Market is segmented by Raw Material (PET, PP, LDPE, and HDPE), End-user Vertical (Beverage, Food, Pharmaceuticals, Cosmetics, Household Care, and Industrial), and Country.

Market Snapshot

North America Dashboard Camera Market
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

North America

Largest Market:

North America

Key Players:

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Market Overview

The North American plastic bottles and containers market is expected to register a CAGR of over 4.61% during the forecast period, 2019 - 2024. Owing to the rising stringent regulations against plastic recyclability, plastic bottle and container manufacturers, coupled with end users, are expected to use more recyclable materials.

  • The automotive industry has been utilizing steel fuel tanks since the past few years. Although there have been issues, such as corrosion of steel tanks and failure of tanks in cases of collisions, the lack of a better alternative made them the only available option. However, with the advancement of technology, steel tanks were replaced by plastic fuel tanks that offer several advantages over their steel counterparts. The structural disadvantage of a steel tank, as compared to plastic fuel tanks, a susceptible failure in case of seam areas, is another factor driving the adoption of plastic tanks.
  • However, regulations have had a negative impact on plastic fuel tanks. Recent studies indicate that the vapors contribute to a significant share of hydrocarbons emitted from vehicles. A standard plastic fuel tank in a regular passenger car incurs a fuel vapor leak of over 90 mg a day. The stringent regulations that are aimed at reducing the carbon footprint of the vehicles, control and monitor vapor emissions from fuel tanks.
  • For instance, the California Air Resources Board has enforced a law stating that the car should emit vapors of no more than 20 mg a day, to achieve the status of PZEV (partially zero-emission vehicle). This regulation has prompted manufacturers to revert to traditional steel fuel tanks, which reduced the vapor emissions to the required levels.
  • Plastic is one of the major pollutants resulting in environmental degradation. According to the Environmental Protection Agency, in 2015, the plastics found in products in the United States municipal solid waste stream were recorded mostly in containers and packaging, at about 14,680 thousand metric ton. Most of the plastics disposed in the environment stay for a long time and do not mineralize. Most of the materials disposed of in the ocean break down into smaller components and end up reaching fragile parts of the ocean. It has been estimated by the United Nations Environmental program that 46,000 pieces of plastic debris float on every square mile of the ocean surface.
  • Thus, the marine life is being affected drastically, owing to improper disposal of plastics. Also, recent research is identifying the harmful effects of plastic packaging in foods. Thus, the impact of environment due to plastic usage is high. Also, with the US plastic recycling rate showing no significant growth, the concerns relating to the use of plastics are growing. It was estimated that the plastic bottle recycling rate of the United States was at 31.1% in 2016, which decreased significantly from the past few years. This is expected to have a negative impact on the market growth in the region over the forecast period.

Scope of the Report

Plastic bottles and containers are containers made exclusively or partially of plastics. The entire packaging industry heavily depends on plastic bottles and containers or containers with some plastic content (e.g. Plastic coating or when made of composite material), besides paperboard and other materials. There are a wide variety of innovative, cost-effective, and sustainable packaging solutions emerging in the market. The non-availability of raw materials has been a restraining factor for the industry over the past decade.

By Raw Material
PET
PP
LDPE
HDPE
Others Raw Materials
By End-user Vertical
Beverage
Food
Pharmaceuticals
Cosmetics
Household Care
Other End-user Verticals
Geography
North America
US
Canada

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Key Market Trends

HDPE is Expected to Register a Significant Growth

HDPE is used to make various types of bottles, and among those, un-pigmented bottles are translucent, with good stiffness and barrier properties.  These materials are well suited for packaging products with a short shelf life, such as milk and other dairy products. HDPE also has good chemical resistance, which makes it a useful material for packaging many household and industrial chemicals, such as liquid detergents and solutions. Pigmented HDPE bottles have improved stress crack resistance than un-pigmented HDPE material.

One of the major applications of HDPE material is in non-carbonated drinks, fuel containers for automobiles, and milk packaging. Blow-molding application of HDPE makes it stronger and more versatile than PP and LDPE materials.

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Beverages is Expected to Dominate the Market in North America

By end user, the beverage segment dominates the North American plastic bottles and containers market, owing to the increasing consumption of plastic bottles by beverage companies, and also due to growing innovation in the field.

Polyethylene terephthalate (PET) is used for the carbonated drinks packaging due to its high impact resistant nature and improved moisture and gas barrier properties. It has a rigid structure with high strength. Low-density polyethene (LDP) is used for squeeze and crush types of bottles. HDP bottles are also in significant use. Other beverages, like fruit juice, RTD tea and coffee, and energy drinks, also rely on PET bottles for their clear advantages and the need to retain gasses and aroma.

Alcoholic beverages have a huge market in North America, but the plastic bottles and containers industry is receiving tough competition from glass and metals in this market, due to the higher quality and inertness offered, along with the premium look of glass bottles.

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Competitive Landscape

The North American plastic bottles and containers market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability. 

The companies operating in the market are also acquiring start-ups working on plastic bottles and container technologies to strengthen their product capabilities. In February 2018, Berry Global Group Inc. acquired Clopay Plastic Products Company Inc., a subsidiary of Griffon Corporation, for USD 475 million in cash, on a debt-free, cash-free basis. The acquisition of Clopay is directly aligned with the company’s fundamental strategic initiatives.

Major Players

  1. Alpha Packaging Inc.
  2. Consolidated Container Company LLC
  3. Amcor Limited
  4. Berry Global Group Inc.
  5. Gerresheimer AG

* Complete list of players covered available in the table of contents below

North America Plastic Bottles And Containers Market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Gradual Shift from Steel to Plastic Fuel Tanks

      2. 4.3.2 Growing Demand from the Packaging Industry

    4. 4.4 Market Restraints

      1. 4.4.1 Growing Environmental Concerns over the Use of Plastics

    5. 4.5 Value Chain / Supply Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Raw Material

      1. 5.1.1 PET

      2. 5.1.2 PP

      3. 5.1.3 LDPE

      4. 5.1.4 HDPE

      5. 5.1.5 Others Raw Materials

    2. 5.2 By End-user Vertical

      1. 5.2.1 Beverage

      2. 5.2.2 Food

      3. 5.2.3 Pharmaceuticals

      4. 5.2.4 Cosmetics

      5. 5.2.5 Household Care

      6. 5.2.6 Other End-user Verticals

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 US

        2. 5.3.1.2 Canada

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Alpha Packaging Inc.

      2. 6.1.2 Consolidated Container Company LLC

      3. 6.1.3 Amcor Limited

      4. 6.1.4 Berry Global Group Inc.

      5. 6.1.5 Gerresheimer AG

      6. 6.1.6 Alpack Plastic Packaging

      7. 6.1.7 Comar LLC

      8. 6.1.8 Graham Packaging Company LP

      9. 6.1.9 Plastipak Holdings Inc.

      10. 6.1.10 CKS Packaging Inc.

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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