The global PS containers market stood at US$ 1.3 Billion in the year 2022 and is expected to reach US$ 2.81 Billion by the year 2032 at a CAGR of 8% between 2022 and 2032.
With single-use packaging being the most sought-after thing, the global PS containers market is slated to substantiate in the near future. Plus, PS containers are lightweight, non-reactant, and cost-effective.
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PS (polystyrene) is looked upon as one of the effective alternatives to various packaging materials like paper, glass, wood, metal, and likewise owing to being budget-friendly as well as staying inert on the count of cosmetics and food & beverages. The manufacturing cost of PS containers is also affordable. These factors are expected to catalyze the PS containers market going forward.
At the same time, the anti-plastic drives organized by governments of various countries may hamper the PS containers market. This is evident from the fact that the Bag Waste Reduction Law by NYS Dept. of Environmental Conservation has banned all the plastic carryout bags for distribution by anyone for collecting New York State sales tax. The other economies are also following suit.
Future Market Insights has entailed these facets with future perspectives in its latest market study entitled ‘PS Containers market’. Its team of analysts and consultants has put in efforts etching the primary, secondary, and tertiary modes of research using a bottom-up approach.
“Though it is known that plastics are hazardous to the environment, the manufacturers are on the mode of continuous innovation regarding environment-friendly plastic packaging solutions for securing positions going forward as well”, says an analyst from Future Market Insights.
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Key Takeaways from PS Containers Market
- North America holds a sizable market share due to spike in sales of food and beverages by ~12% in the US (as per the US Census Bureau). Increasing application areas include milk products, energy drinks, tea, and likewise. The US FDA states that cosmetics over here are regulated, but certainly not approved by it.
- Europe is led by Germany; as it is the second largest market for plastic containers. According to UKR Export Government, over 82 Million consumers have helped in rendering Germany the biggest retail market for food & beverages over here. The UK is led by growing demand for single-use plastic containers for alcoholic beverages and water. Russia is expected to grow on the back of rising demand for packets, plastic boxes, and bottles from pharmaceuticals and beverages verticals. France would continue to be in limelight with the fact that it’s the fashion capital of the world.
- Coming to the Asia-Pacific, Japan leads from the front with growing food retail and food service market. In China, plastic containers are in great demand on the account of carbonated soft drinks and bottled water.
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Competitive Containers
- Sonoco Products Company, in 2020, tabled novel, exclusive plastic containers like rigid blister packaging, in-mold label containers, hinged & lidded rigid plastic containers, and likewise.
- CKS Packaging, in the year 2020, did launch a new-fangled chain of plastic containers of several sizes like48 oz 3 Pint Jar Naugatuck, CT, 96 oz 6 Pint Jar Naugatuck, CT, and 128 oz 8 Pint Jar Naugatuck, and likewise.
- Linpac Group Ltd., in the year 2020, did launch plastic containers like Hotpacs boxes & trays, Vertifresh-Flexible packaging, and likewise.
- Alpha Packaging Holdings Inc. came up with Black PET Sample Pack, PET Honey Bears, and likewise in the year 2020 for keeping the customers engaged. The company is also making way for provision of Plastic Comparison Chart to client for letting them access apt information regarding plastic containers.
What does the Report enclose?
- The research study is based on product (bottles, jars, plates & bowls, trays, blisters & clamshell, and likewise), and by application (food, bakery & confectionery, deli, produce, foodservice, frozen food, medical, medical device, pharmaceuticals, electrical & electronics, cosmetics & personal care, consumer goods, and likewise).
- With developing economies being subject to rapid urbanization, the global PS containers market is bound to grow on a remarkable note in the near future.
Key Segments Profiled in the PS Containers Market Survey
By Product:
- Bottles
- Jars
- Plates & Bowls
- Trays
- Blisters & Clamshell
- Others
By Application:
- Food
- Bakery & Confectionery
- Deli
- Produce
- Foodservice
- Frozen Food
- Medical
- Medical Device
- Pharmaceuticals
- Electricals & Electronics
- Cosmetics & Personal care
- Consumer Goods
- Others
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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