North America Plastic Bottles & Containers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

North America Plastic Bottles & Containers Market Analysis

The NA Plastic Bottles And Containers Market size in terms of shipment volume is expected to grow from 7.80 Million metric tons in 2024 to 9.19 Million metric tons by 2029, at a CAGR of 3.32% during the forecast period (2024-2029).

Well-established manufacturing capabilities and a resilient export sector mark North America's plastic bottles and containers market landscape. Packaging plays a pivotal role in the consumption of both consumer and industrial products. In North America, the rising demand for sustainable and convenient packaging solutions is propelling the market’s growth.

• While several emerging nations are making their mark, the United States remains a dominant player in the global pharmaceutical arena. Home to major pharmaceutical companies, the United States not only commands a significant market share but also provides its consumers with access to cutting-edge products. This robust pharmaceutical landscape is spurring innovations and advancements in the plastic bottles and containers market.
• For example, in February 2023, Berry Global, a US company, unveiled a comprehensive solution tailored for the pharmaceutical and herbal markets. This new offering, known as the Berry Healthcare bundle, includes a diverse range of 28 mm neck PET bottles spanning sizes from 20 ml to 1,000 ml and features eight closures with tamper-evident and child-resistant attributes.
• The North American beauty and personal care industry, which includes everything from cosmetics to skincare, is witnessing a surge in demand for premium and innovative products. This trend is driving leading brands to enhance their offerings.
• The rising demand for personal care products is significantly boosting the plastic bottles and containers market. This surge is largely due to the practicality, cost-effectiveness, and versatility of plastic packaging. As consumers lean toward convenience and innovative designs in cosmetics and personal care, plastic containers are emerging as the go-to solution. Plastic bottles can adeptly cater to the diverse needs of the beauty and personal care industry, including lotions, creams, shampoos, and serums.
• The expanding functional beverage industry in North America is fueling market growth. This can be attributed to the convenience and portability of plastic packaging, resonating with consumers' increasing preference for on-the-go and health-centric beverages.
• In March 2024, Roar Organic, a beverage company based in the United States, secured a USD 10 million investment from a local firm. This funding aims to broaden Roar's product lineup, helping the company introduce flavored, non-carbonated "functional" drinks in both ready-to-drink and powdered formats. Such strategic investments are poised to bolster the market’s growth in the coming years.
• In the United States, PET and HDPE dominate the market. With manufacturers favoring plastic for its cost-effectiveness and ease of use, PET bottles are expected to hold a significant market share.
• However, as environmental awareness grows, the momentum behind plastic usage is expected to decline. A notable shift is evident in the United States and Canada, where consumers are gravitating toward eco-friendly packaging solutions. Recognizing the environmental hazards linked to plastic, both countries have enacted stringent regulations, leading to a tempered growth rate for plastic compared to alternative materials.
• Nevertheless, the rising demand for sustainable plastic bottles is opening new avenues for companies in the market, particularly in terms of developing recycled materials.

North America Plastic Bottles & Containers Market Trends

Rising Demand for Beverage Packaging Attributes is Increasing the Usage of Polyethylene Terephthalate (PET)

North America Plastic Bottles & Containers Market Industry Segmentation

The scope of the report characterizes the North American plastic bottles and containers market based on the material type used across various industries such as beverages, food, cosmetics, pharmaceuticals, and household care across the region. The report also examines underlying growth drivers and significant market vendors, which help support market estimates and growth rates throughout the forecast period. The market estimates and projections are based on the base year and arrived at using the top-down and bottom-up approaches.

The North American plastic bottles and containers market is segmented by material type (polyethylene terephthalate (PET), polypropylene (PP), low-density polyethylene (LDPE), high-density polyethylene (HDPE), and other material types) and end-user vertical (beverages, food, cosmetics, pharmaceuticals, household care, and other end-user verticals). The market sizes and forecasts are provided in terms of volume (metric tonnes) for all the above segments.