Plastic Tubs and Lids Market Forecasts to 2028 – Global Analysis By Capacity (500 ml, 1 L (Litre)), Material Type (Polyethylene (PE), Polypropylene (PP)), Application (Food, Home and Hygiene) and By Geography
According to Stratistics MRC, the Global Plastic Tubs and Lids Market is accounted for $946.90 million in 2021 and is expected to reach $1,540.52 million by 2028 growing at a CAGR of 7.2% during the forecast period. Plastic tubs and lids are seamless for maintaining optimum quality of ready-to-eat products such as ice cream, salsa, yogurt, dip, cheese, etc. Due to easy customization, plastic tubs and lids are available in various shapes and sizes. Unlike cardboard boxes, plastic canisters don't get damaged with water or heat. In addition, plastic canisters are also air tight, so long as the lid is kept closed.
Numerous benefits of plastic tubs and lids
The demand for plastic tubs and lids is surging due to their hygiene, lightweight, and convenient nature, which is expected to positively impact the growth of the plastic tubs and lids market. Owing to the features such as printable surface for branding, comfortable surface, leak resistance snap-fit applications, and ease in removing, the plastic tubs and lids market is expected to drive the market during the forecast period.
Increasing concerns over the environment
Due to the usage of plastic there are increasing concerns over the environment and regulations regarding the use of plastic due to which several companies to explore substitutes to attain sustainability in their business operations. This is increasing the use of biopolymers for several packaging applications such as overwraps, lid, frozen food packaging.
Adoption of new manufacturing techniques
With advancements in technology and general awareness, key players operating in the plastic tubs and lids are strategically planning the integration of new manufacturing techniques and process improvements. Driven by increasing raw material prices and energy costs, various new techniques such as co-extrusion have made their way toward mainstream production of plastic tubs and lids. The use of these new techniques has led to increased heat resistance, improved barrier traits, and other performance enhancements in the plastic tubs and lids. In addition to manufacturing techniques, various new packaging technologies are also being adopted by the industry players. For instance, the new multi-layer packaging technology developed by Milacron delivers high barrier properties with the same cycle times and high-volume production efficiencies as single layer containers without barrier traits.
Heavy usage of plastic
Plastic is everywhere. It's in bowls, wraps, and a host of bottles and bags used to store foods and beverages. The certain chemicals in plastic can leach out of the plastic and into the food and beverages that consumers eat. Some of these chemicals have been linked to health problems such as metabolic disorders (including obesity) and reduced fertility. This leaching can occur even faster and to a greater degree when plastic is exposed to heat. This means, it might be getting an even higher dose of potentially harmful chemicals simply by microwaving leftovers in a plastic container which may possess as a threat for usage of plastic lids & tubes.
The 500 ml segment is expected to be the largest during the forecast period
Rectangular 500 ml containers are widely used for food packaging and food delivery to online customers. They are used to pack any types of hot and cold food like vegetable salad, biriyani, omelette, noodles and more. They are mostly useful for extra-wide space, stylish look and more durability for packing and delivering foods. They can survive extreme environments and don't easily degrade in hot and cold temperatures, thus preserving the integrity of the food or beverage inside it. It also protects your products from moisture, oxygen, dust, light and odours.
The polypropylene (PP) segment is expected to have the highest CAGR during the forecast period
Polypropylene is an ideal food-safe plastic for production processes that require high heat. It can be found in products ranging from prescription bottles to garden tools and automotive products. While fairly stiff, polypropylene is not as brittle as other common food packaging plastics. Food items that utilize polypropylene for packaging include yogurt, cream cheese/sour cream containers, ready-to-eat meals and VSP containers. Polypropylene has gained popularity for microwavable containers thanks to its high melting point.
Region with highest share:
North America is projected to hold the largest market share owing to consumers shift towards less harmful plastic. Shift in consumer preference for recycled plastic ice cream tubs is creating new sales opportunities in the plastic tubs and lids market in the region. Product manufacturers are collaborating for the manufacture of recycled plastic tubs that are suitable for food and can stand freezing temperatures.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR due to the shift in consumer preference for tubs due to cost-saving, value pack, and availability in family pack sizes is leading manufacturers to manufacture plastic tubs in various shapes and sizes. Companies in the Asia Pacific plastic tubs and lids market are making use of low quality mixed plastic waste to develop food grade recycled plastic ice cream tubs. These recycled solutions also have to meet the same technical and safety standards that are applicable for traditional food packaging.
Key players in the market:
Some of the key players profiled in the Plastic Tubs and Lids Market include Sonoco Products Company, Huhtamäki Oyj, Greiner Packaging, Berry Global Company, Pact Group Holdings Ltd., Amcor plc., StanPac Inc., Parkers Packaging, Shalam packaging and InterPak Ltd.
In July 2019: GM Packaging launched a new product “Love Bio”, a new compostable range of ice cream tubs made from PLA lined coated food grade paper. These ice cream tubs offer the eco-friendly solution in their bio brand packaging.
In August 2020: Magnum introduced new ice cream tubs made from recycled polypropylene plastic to promote sustainable packaging.
In April 2021: Alpha Packaging, a leading manufacturer and decorator of high-quality plastic bottles and jars, acquired Boxmore Plastics Limited. The acquisition of Boxmore supports Alpha’s strategy of geographic expansion and strengthens the presence of the company in the European market.
In May 2021: Plastipak has announced a major investment in recycling at a manufacturing site in Spain. The new recycling facility will convert PET flake into food-grade recycled PET (rPET) pellets suitable for direct use in new preforms, bottles, and containers.
• 500 ml
• 1 L (Litre)
Material Types Covered:
• Polyethylene (PE)
• Polypropylene (PP)
• Home and Hygiene (Detergent Pods)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Select License Type
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.