Global Plastic Packaging Market 2024

Plastic Packaging Market Size

For the eleventh consecutive year, the global plastic packaging market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the peak level in 2022 and is expected to retain growth in the near future.

Plastic Packaging Production

In value terms, plastic packaging production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, global production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Plastic Packaging Exports

Exports

In 2022, the amount of plastic packaging exported worldwide rose to X tons, with an increase of X% compared with 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic packaging exports reached $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2022, China (X tons), distantly followed by Mexico (X tons), Germany (X tons), the United States (X tons) and Vietnam (X tons) were the major exporters of plastic packaging, together generating X% of total exports. The Netherlands (X tons), Poland (X tons), Turkey (X tons), Belgium (X tons), Thailand (X tons), France (X tons), Malaysia (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plastic packaging exports from China stood at X%. At the same time, Vietnam (X%), Turkey (X%), Poland (X%), the Netherlands (X%), Belgium (X%), India (X%), Mexico (X%), France (X%), Thailand (X%) and Germany (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic packaging supplier worldwide, comprising X% of global exports. The second position in the ranking was held by the United States ($X), with an X% share of global exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

Export Prices by Country

The average plastic packaging export price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Plastic Packaging Imports

Imports

In 2022, the amount of plastic packaging imported worldwide stood at X tons, increasing by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic packaging imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, global imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

Mexico (X tons) and the United States (X tons) represented roughly X% of total imports in 2022. It was followed by Germany (X tons), the Netherlands (X tons) and France (X tons), together creating a X% share of total imports. Japan (X tons), Belgium (X tons), the UK (X tons), Canada (X tons), Spain (X tons), Australia (X tons), Poland (X tons) and Italy (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported plastic packaging worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the United States, plastic packaging imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (X% per year) and France (X% per year).

Import Prices by Country

The average plastic packaging import price stood at $X per ton in 2022, approximately equating the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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