Global Pocket Container Market, By Material Type (Polypropylene (PP), Polyethylene Terephthalate (PET), Polyethylene (PE) and Other Material Types), End Use Industry (Pharmaceutical, Food and Beverage and Consumer Goods), Closure Type (Side Opening, Child Resistant, Screw Cap and Snap on), Capacity (Less Than 30 ml, 30 -75 ml, 75 - 125 ml and More Than 125 ml) – Industry Trends and Forecast to 2029
Pocket Container Market Analysis and Size
Items are becoming smaller and more compact as the global manufacturing scene continues to shrink, influencing the need to contain them. Medications have progressed from syrups to tablets, wireless earbuds have replaced corded counterparts, and standard equipment has shrunk in size for easier storage. As a result of these changes, packaging companies are now offering containers that allow customers to neatly store miniature items in their pockets. Amcor, Berry Global, Constantia Flexibles, Mondi and Sealed Air are the some major players operating in this market.
Data Bridge Market Research analyses that the pocket container market was valued at 649.05 billion in 2021 and is expected to reach the value of USD 1050.21 billion by 2029, at a CAGR of 6.20% during the forecast period. Consumers' changing needs will be a driving factor in the growth of the pocket container market during the aforementioned time period. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Pocket Container Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Material Type (Polypropylene (PP), Polyethylene Terephthalate (PET), Polyethylene (PE) and Other Material Types), End Use Industry (Pharmaceutical, Food and Beverage and Consumer Goods), Closure Type (Side Opening, Child Resistant, Screw Cap and Snap on), Capacity (Less Than 30 ml, 30 -75 ml, 75 - 125 ml and More Than 125 ml)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Graham Packaging (U.S.), Constar International (U.S.), Amcor Limited (Australia), International Packaging (U.S.), Anchor Packaging Incorporated (U.S.), Werke Alwin Lehner GmbH & Company KG (Austria), Plastipak Packaging (U.S.), Alpha Packaging Holdings Incorporated (U.K.), Plastipak Packaging (U.S.), Rahway Steel Drum Company (U.S.) and The Plastic Bottles Company (U.K.)
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Opportunities
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Market Definition
Pocket container is a lightweight packaging solution that uses less than 75% of plastics than rigid type of packaging and thus, is far cheaper. From the name itself, it is clear that these packaging solutions are non-rigid materials molded into the shape of lids, thereby providing excellent economical and customizable packaging solutions. The container is used to transport or store items in a box or a bottle, and it provides several advantages such as better application development, less overhead, increased portability, and greater efficiency.
Pocket Container Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Growth in investment for research and development to carve way for innovations
The rising number of strategic market collaborations has led to the rise in funds to be allocated for the growth and development of advanced and automated packaging equipment/ machinery. Further, growth in the level of investment for research and development proficiencies would carve the way for innovations pertaining to environmental friendly packaging solutions.
- Increased consumption of food globally to induce greater demand and supply in emerging nations
It is well known that the global population is rising at an unprecedented rate. Consequently, there is a huge rise in food and beverage items demand. The rising trend of consuming ready-to-eat meals, especially in western economies, is leading to the demand for convenient packaging solutions. This has further propelled the growth rate of pocket container market.
- Growth and expansion of end user verticals to present numerous opportunities for small scale businesses
Owing to the global economic rise, there is a huge scope of growth for the materials and packaging industry. The growth and expansion of various end user verticals such as food and beverages, healthcare, chemicals and others is directly proportional to the increasing demand for materials and packaging solutions.
Opportunities
- Increased number of regulations to limit the scope of growth in the long run
Rising enforcement of stringent environmental regulations imposed on the industries regarding the packaging waste generated will create hindrances for the growth of the pocket container market. Also, stringent product approvals regulations will narrow the scope of growth for the pocket container market.
Restraints/Challenges
- Supply chain disruptions will pose a threat to the unprecedentedly growing market demand
With the rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply of packaging solutions. Also, fluctuations in the prices of raw materials will prove to be a demerit for the pocket container market. Therefore, this will challenge the pocket container market growth rate.
Also, dearth of awareness in underdeveloped regions and large scale availability of alternatives will act as growth restraints for the market. Lack of strong infrastructural facilities in the backward economies will also challenge the market growth rate.
This pocket container market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pocket container market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Pocket Container Market
The recent outbreak of coronavirus has critically impacted the pocket container market. Almost every sector has been grievously hit by the pandemic and affected the day-to-day work-related functions. As a result, the materials and packaging industry had to bear financial losses, therefore negatively impacting the pocket container market.
On the brighter side, the manufacturers are focusing on developing better products, keeping in mind the new market trends to fulfil consumer requirements in the post-pandemic phase. New technological advancements will further help to excel the availability of Pocket Container in the developing and emerging markets post pandemic.
Recent Development
- The major players such as Amcor, Berry Global, Constantia Flexibles, Mondi and Sealed Air are focusing on integrating biodegradable and bio-derived properties in the Pocket Container solutions which is touted to be a gambling strategy for the materials and packaging market. The players focus on the large-scale availability of high-performance films that provide greater handling convenience to the end-users.
Global Pocket Container Market Scope
The pocket container market is segmented on the basis of material type, end use industry, closure type and capacity. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material Type
- Polypropylene (pp)
- Polyethylene terephthalate (pet)
- Polyethylene (pe)
- Other material types
On the basis of material type, the pocket container market is segmented into polypropylene (PP), polyethylene terephthalate (PET), polyethylene (PE) and other material types.
Closure type
- Side opening
- Child resistant
- Screw cap
- Snap on
Based on closure type, the pocket container market is segmented into side opening, child resistent, screw cap and snap on.
Capacity
- Less than 30ml
- 30-75 ml
- 75-125 ml
- More than 125 ml
Based on capacity, the pocket container market is segmented into less than 30 ml, 30 -75 ml, 75 - 125 ml and more than 125 ml.
End-Use Industry
- Food and Beverage
- Pharmaceuticals
- Consumer goods
On the basis of end use industry, the pocket container market is segmented into pharmaceutical, food & beverage and consumer goods.
Pocket Container Market Regional Analysis/Insights
The pocket container market is analysed and market size insights and trends are provided by country, material type, end use industry, closure type and capacity as referenced above.
The countries covered in the pocket container market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the pocket container market because of the higher concentration of prominent, rising expenditure for research and development proficiencies, increasing standard of living, growing demand for convenient handling packaging solutions, surging urbanization, and rising personal disposable income.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pocket Container Market Share Analysis
The pocket container market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pocket container market.
Some of the major players operating in the pocket container market are:
- Graham Packaging (U.S.)
- Constar International (U.S.)
- Amcor Limited (Australia)
- International Packaging (U.S.)
- Anchor Packaging Incorporated (U.S.)
- Werke Alwin Lehner GmbH & Company KG (Austria)
- Plastipak Packaging (U.S.)
- Alpha Packaging Holdings Incorporated (U.K.)
- Plastipak Packaging (U.S.)
- Rahway Steel Drum Company (U.S.)
- The Plastic Bottles Company (U.K.)
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