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Plastic Tubs And Lids Market

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

4.8 (54 reviews)
Published: January 2022 ID: SMRC21269
4.8 (54 reviews)
Published: January 2022 ID: SMRC21269

This report covers the impact of COVID-19 on this global market

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.

Market Dynamics:

Driver:

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.

Restraint:

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.

Opportunity:

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.

Threat:

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 largest 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.

Key developments:

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.

Capacities Covered:
• 500 ml
• 1 L (Litre)

Material Types Covered:
• Polyethylene (PE)
• Polypropylene (PP)

Applications Covered:
• Food
• Home and Hygiene (Detergent Pods)

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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

1 Executive Summary      
       
2 Preface    
  
 2.1 Abstract     
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology     
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions    
       
3 Market Trend Analysis      
 3.1 Introduction     
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats     
 3.6 Application Analysis     
 3.7 Emerging Markets     
 3.8 Impact of Covid-19     
       
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry     
       
5 Global Plastic Tubs and Lids Market, By Capacity      
 5.1 Introduction     
 5.2 500 ml     
 5.3 1 L (Litre)     
       
6 Global Plastic Tubs and Lids Market, By Material      
 6.1 Introduction     
 6.2 Polyethylene (PE)     
  6.2.1 High Density Polyethylene (HDPE)    
  6.2.2 Low Density Polyethylene (LDPE)    
 6.3 Polypropylene (PP)     
       
7 Global Plastic Tubs and Lids Market, By Application      
 7.1 Introduction     
 7.2 Food     
  7.2.1 Ready to Eat (RTE) Products    
  7.2.2 Ice Cream    
  7.2.3 Frozen Food    
 7.3 Home and Hygiene (Detergent Pods)     
       
8 Global Plastic Tubs and Lids Market, By Geography      
 8.1 Introduction     
 8.2 North America     
  8.2.1 US    
  8.2.2 Canada    
  8.2.3 Mexico    
 8.3 Europe     
  8.3.1 Germany    
  8.3.2 UK    
  8.3.3 Italy    
  8.3.4 France    
  8.3.5 Spain    
  8.3.6 Rest of Europe    
 8.4 Asia Pacific     
  8.4.1 Japan    
  8.4.2 China    
  8.4.3 India    
  8.4.4 Australia    
  8.4.5 New Zealand    
  8.4.6 South Korea    
  8.4.7 Rest of Asia Pacific    
 8.5 South America      
  8.5.1 Argentina    
  8.5.2 Brazil    
  8.5.3 Chile    
  8.5.4 Rest of South America    
 8.6 Middle East & Africa     
  8.6.1 Saudi Arabia    
  8.6.2 UAE    
  8.6.3 Qatar    
  8.6.4 South Africa    
  8.6.5 Rest of Middle East & Africa    
       
9 Key Developments      
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 9.2 Acquisitions & Mergers     
 9.3 New Product Launch     
 9.4 Expansions     
 9.5 Other Key Strategies     
       
10 Company Profiling      
 10.1 Sonoco Products Company     
 10.2 Huhtamäki Oyj     
 10.3 Greiner Packaging     
 10.4 Berry Global Company     
 10.5 Pact Group Holdings Ltd.     
 10.6 Amcor plc.     
 10.7 StanPac Inc.     
 10.8 Parkers Packaging     
 10.9 Shalam packaging     
 10.10 InterPak Ltd.     


List of Tables       
1 Global Plastic Tubs and Lids Market Outlook, By Region (2020-2028) ($MN)      
2 Global Plastic Tubs and Lids Market Outlook, By Capacity (2020-2028) ($MN)      
3 Global Plastic Tubs and Lids Market Outlook, By 500 ml (2020-2028) ($MN)      
4 Global Plastic Tubs and Lids Market Outlook, By 1 L (Litre) (2020-2028) ($MN)      
5 Global Plastic Tubs and Lids Market Outlook, By Material Type (2020-2028) ($MN)      
6 Global Plastic Tubs and Lids Market Outlook, By Polyethylene (PE) (2020-2028) ($MN)      
7 Global Plastic Tubs and Lids Market Outlook, By High Density Polyethylene (HDPE) (2020-2028) ($MN)      
8 Global Plastic Tubs and Lids Market Outlook, By Low Density Polyethylene (LDPE) (2020-2028) ($MN)      
9 Global Plastic Tubs and Lids Market Outlook, By Polypropylene (PP) (2020-2028) ($MN)      
10 Global Plastic Tubs and Lids Market Outlook, By Application (2020-2028) ($MN)      
11 Global Plastic Tubs and Lids Market Outlook, By Food (2020-2028) ($MN)      
12 Global Plastic Tubs and Lids Market Outlook, By Ready to Eat (RTE) Products (2020-2028) ($MN)      
13 Global Plastic Tubs and Lids Market Outlook, By Ice Cream (2020-2028) ($MN)      
14 Global Plastic Tubs and Lids Market Outlook, By Frozen Food (2020-2028) ($MN)      
15 Global Plastic Tubs and Lids Market Outlook, By Home and Hygiene (Detergent Pods) (2020-2028) ($MN)      
16 North America Plastic Tubs and Lids Market Outlook, By Country (2020-2028) ($MN)      
17 North America Plastic Tubs and Lids Market Outlook, By Capacity (2020-2028) ($MN)      
18 North America Plastic Tubs and Lids Market Outlook, By 500 ml (2020-2028) ($MN)      
19 North America Plastic Tubs and Lids Market Outlook, By 1 L (Litre) (2020-2028) ($MN)      
20 North America Plastic Tubs and Lids Market Outlook, By Material Type (2020-2028) ($MN)      
21 North America Plastic Tubs and Lids Market Outlook, By Polyethylene (PE) (2020-2028) ($MN)      
22 North America Plastic Tubs and Lids Market Outlook, By High Density Polyethylene (HDPE) (2020-2028) ($MN)      
23 North America Plastic Tubs and Lids Market Outlook, By Low Density Polyethylene (LDPE) (2020-2028) ($MN)      
24 North America Plastic Tubs and Lids Market Outlook, By Polypropylene (PP) (2020-2028) ($MN)      
25 North America Plastic Tubs and Lids Market Outlook, By Application (2020-2028) ($MN)      
26 North America Plastic Tubs and Lids Market Outlook, By Food (2020-2028) ($MN)      
27 North America Plastic Tubs and Lids Market Outlook, By Ready to Eat (RTE) Products (2020-2028) ($MN)      
28 North America Plastic Tubs and Lids Market Outlook, By Ice Cream (2020-2028) ($MN)      
29 North America Plastic Tubs and Lids Market Outlook, By Frozen Food (2020-2028) ($MN)      
30 North America Plastic Tubs and Lids Market Outlook, By Home and Hygiene (Detergent Pods) (2020-2028) ($MN)      
31 Europe Plastic Tubs and Lids Market Outlook, By Country (2020-2028) ($MN)      
32 Europe Plastic Tubs and Lids Market Outlook, By Capacity (2020-2028) ($MN)      
33 Europe Plastic Tubs and Lids Market Outlook, By 500 ml (2020-2028) ($MN)      
34 Europe Plastic Tubs and Lids Market Outlook, By 1 L (Litre) (2020-2028) ($MN)      
35 Europe Plastic Tubs and Lids Market Outlook, By Material Type (2020-2028) ($MN)      
36 Europe Plastic Tubs and Lids Market Outlook, By Polyethylene (PE) (2020-2028) ($MN)      
37 Europe Plastic Tubs and Lids Market Outlook, By High Density Polyethylene (HDPE) (2020-2028) ($MN)      
38 Europe Plastic Tubs and Lids Market Outlook, By Low Density Polyethylene (LDPE) (2020-2028) ($MN)      
39 Europe Plastic Tubs and Lids Market Outlook, By Polypropylene (PP) (2020-2028) ($MN)      
40 Europe Plastic Tubs and Lids Market Outlook, By Application (2020-2028) ($MN)      
41 Europe Plastic Tubs and Lids Market Outlook, By Food (2020-2028) ($MN)      
42 Europe Plastic Tubs and Lids Market Outlook, By Ready to Eat (RTE) Products (2020-2028) ($MN)      
43 Europe Plastic Tubs and Lids Market Outlook, By Ice Cream (2020-2028) ($MN)      
44 Europe Plastic Tubs and Lids Market Outlook, By Frozen Food (2020-2028) ($MN)      
45 Europe Plastic Tubs and Lids Market Outlook, By Home and Hygiene (Detergent Pods) (2020-2028) ($MN)       
46 Asia Pacific Plastic Tubs and Lids Market Outlook, By Country (2020-2028) ($MN)      
47 Asia Pacific Plastic Tubs and Lids Market Outlook, By Capacity (2020-2028) ($MN)      
48 Asia Pacific Plastic Tubs and Lids Market Outlook, By 500 ml (2020-2028) ($MN)      
49 Asia Pacific Plastic Tubs and Lids Market Outlook, By 1 L (Litre) (2020-2028) ($MN)      
50 Asia Pacific Plastic Tubs and Lids Market Outlook, By Material Type (2020-2028) ($MN)      
51 Asia Pacific Plastic Tubs and Lids Market Outlook, By Polyethylene (PE) (2020-2028) ($MN)      
52 Asia Pacific Plastic Tubs and Lids Market Outlook, By High Density Polyethylene (HDPE) (2020-2028) ($MN)      
53 Asia Pacific Plastic Tubs and Lids Market Outlook, By Low Density Polyethylene (LDPE) (2020-2028) ($MN)      
54 Asia Pacific Plastic Tubs and Lids Market Outlook, By Polypropylene (PP) (2020-2028) ($MN)      
55 Asia Pacific Plastic Tubs and Lids Market Outlook, By Application (2020-2028) ($MN)      
56 Asia Pacific Plastic Tubs and Lids Market Outlook, By Food (2020-2028) ($MN)      
57 Asia Pacific Plastic Tubs and Lids Market Outlook, By Ready to Eat (RTE) Products (2020-2028) ($MN)      
58 Asia Pacific Plastic Tubs and Lids Market Outlook, By Ice Cream (2020-2028) ($MN)      
59 Asia Pacific Plastic Tubs and Lids Market Outlook, By Frozen Food (2020-2028) ($MN)      
60 Asia Pacific Plastic Tubs and Lids Market Outlook, By Home and Hygiene (Detergent Pods) (2020-2028) ($MN)      
61 South America Plastic Tubs and Lids Market Outlook, By Country (2020-2028) ($MN)      
62 South America Plastic Tubs and Lids Market Outlook, By Capacity (2020-2028) ($MN)      
63 South America Plastic Tubs and Lids Market Outlook, By 500 ml (2020-2028) ($MN)      
64 South America Plastic Tubs and Lids Market Outlook, By 1 L (Litre) (2020-2028) ($MN)      
65 South America Plastic Tubs and Lids Market Outlook, By Material Type (2020-2028) ($MN)      
66 South America Plastic Tubs and Lids Market Outlook, By Polyethylene (PE) (2020-2028) ($MN)       
67 South America Plastic Tubs and Lids Market Outlook, By High Density Polyethylene (HDPE) (2020-2028) ($MN)      
68 South America Plastic Tubs and Lids Market Outlook, By Low Density Polyethylene (LDPE) (2020-2028) ($MN)      
69 South America Plastic Tubs and Lids Market Outlook, By Polypropylene (PP) (2020-2028) ($MN)      
70 South America Plastic Tubs and Lids Market Outlook, By Application (2020-2028) ($MN)      
71 South America Plastic Tubs and Lids Market Outlook, By Food (2020-2028) ($MN)      
72 South America Plastic Tubs and Lids Market Outlook, By Ready to Eat (RTE) Products (2020-2028) ($MN)      
73 South America Plastic Tubs and Lids Market Outlook, By Ice Cream (2020-2028) ($MN)      
74 South America Plastic Tubs and Lids Market Outlook, By Frozen Food (2020-2028) ($MN)      
75 South America Plastic Tubs and Lids Market Outlook, By Home and Hygiene (Detergent Pods) (2020-2028) ($MN)      
76 Middle East & Africa Plastic Tubs and Lids Market Outlook, By Country (2020-2028) ($MN)      
77 Middle East & Africa Plastic Tubs and Lids Market Outlook, By Capacity (2020-2028) ($MN)      
78 Middle East & Africa Plastic Tubs and Lids Market Outlook, By 500 ml (2020-2028) ($MN)      
79 Middle East & Africa Plastic Tubs and Lids Market Outlook, By 1 L (Litre) (2020-2028) ($MN)      
80 Middle East & Africa Plastic Tubs and Lids Market Outlook, By Material Type (2020-2028) ($MN)      
81 Middle East & Africa Plastic Tubs and Lids Market Outlook, By Polyethylene (PE) (2020-2028) ($MN)      
82 Middle East & Africa Plastic Tubs and Lids Market Outlook, By High Density Polyethylene (HDPE) (2020-2028) ($MN)      
83 Middle East & Africa Plastic Tubs and Lids Market Outlook, By Low Density Polyethylene (LDPE) (2020-2028) ($MN)      
84 Middle East & Africa Plastic Tubs and Lids Market Outlook, By Polypropylene (PP) (2020-2028) ($MN)      
85 Middle East & Africa Plastic Tubs and Lids Market Outlook, By Application (2020-2028) ($MN)      
86 Middle East & Africa Plastic Tubs and Lids Market Outlook, By Food (2020-2028) ($MN)      
87 Middle East & Africa Plastic Tubs and Lids Market Outlook, By Ready to Eat (RTE) Products (2020-2028) ($MN)      
88 Middle East & Africa Plastic Tubs and Lids Market Outlook, By Ice Cream (2020-2028) ($MN)      
89 Middle East & Africa Plastic Tubs and Lids Market Outlook, By Frozen Food (2020-2028) ($MN)      
90 Middle East & Africa Plastic Tubs and Lids Market Outlook, By Home and Hygiene (Detergent Pods) (2020-2028) ($MN)      

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