Asia-Pacific Plastic Bottles And Containers Market Size (2024 - 2029)

Asia-Pacific Plastic Bottles And Containers Market Analysis

The Asia-Pacific Plastic Bottles And Containers Market size is estimated at USD 28.28 billion in 2024, and is expected to reach USD 35.28 billion by 2029, growing at a CAGR of 4.52% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 19.60 million metric tons in 2024 to 24.5 million metric tons by 2029, at a CAGR of 4.57% during the forecast period (2024-2029).

• Plastic packaging has become popular among consumers over other products, as plastic material is lightweight and unbreakable, making it easier to handle. Even major manufacturers prefer to use plastic packaging, owing to the lower cost of production. Moreover, the introduction of polymers, such as polyethylene terephthalate (PET) and high-density polyethylene (HDPE), is expanding the applications of plastic bottles. The market has been witnessing an increasing demand for PET bottles.
• Plastic bottles and containers made of polyethylene terephthalate, polypropylene, and polyethylene are widely used as the material is lightweight and easily recyclable, making it the preferred choice among the end-users. The cost-effective nature of plastic material and dependence on packaged, processed food and various beverages will influence the studied market over the forecast period.
• Plastics have been increasingly adopted due to their lightweight properties because lightweight plastic packaging can preserve energy in transporting packed goods and lower emissions. The lightweight properties of plastic are the primary advantage of expanding the market. Compared to other materials, such as glass, which is much heavier than plastic, more trips are required while transporting.
• The market's growth can also be attributed to the expanding range of applications across diverse industries in the region. For instance, within the pharmaceutical industry, plastic bottles offer a reliable packaging option for tablets, syrups, and capsules due to their moisture-resistant properties that maintain product stability. In personal care and cosmetics, plastic bottles are an ideal option for packaging shampoos, conditioners, lotions, and creams, owing to their durability and visual appeal.
• However, with growing concerns about plastic pollution, manufacturers and consumers are also inclining themselves toward other packaging materials that offer environment-friendly properties. The consumption of aluminum and glass might witness rising adoption rates owing to their high recyclability. This is expected to hinder the growth of the market studied.
• Nevertheless, the Asia-Pacific region has experienced improved and better economic growth and dynamic demographic changes that have significantly influenced the region's development. The growth of organized retail, including supermarkets and hypermarkets, has heightened the demand for packaged goods. These outlets require extensive packaging to cater to the diverse needs of consumers, driving the overall market.

Asia-Pacific Plastic Bottles And Containers Industry Segmentation

For this study, bottles are defined as rigid plastic containers with an open cap medium or a dispensing interface (such as a dropper, nozzles, pumps, sprays, etc.) that are primarily used by the manufacturer to pack fluid products. Containers are defined as rigid plastic containers that have only an open cap or closure medium for dispensing and usually contain very high or very minimal quantities of product (jars, canisters, buckets/pails, boxes, gallons, tubs, etc.) and are considered in this category. Unlike bottles, the containers classified in this section are, in most cases, re-usable and have a high demand from aftermarket sales as compared to the demand or consumption from manufacturers.

The scope is limited to B2B demand. The estimates exclude the weight of the content that is packed inside the plastic bottles and containers.

The Asia-Pacific plastic bottles and containers market is segmented by raw materials (polyethylene terephthalate (PET), polypropylene (PP), low-density polyethylene (LDPE), high-density polyethylene (HDPE), other raw materials), end-user vertical (beverages [bottled water, carbonated soft drinks, dairy-based, other beverages], food, cosmetics, pharmaceuticals, household care, other End-user verticals), by country (China, India, Japan, Australia and New Zealand, Southeast Asia, and Rest of Asia Pacific). The report offers market forecasts and size in volume (metric tons) and value (USD) for all the above segments.