HDPE Containers Market

HDPE Containers Market Overview

The global high-density polyethylene (HDPE) containers market is estimated to project growth at a CAGR of 4% to 5% during the forecast period 2022-2032. Among the container-type verticals, the bottle segment is expected to surpass US$ 70 Bn by the end of 2032, expanding at a CAGR of 3% to 4% between 2022 and 2032. Increasing demand for lightweight and durable packaging solutions across diverse industries is augmenting the sales of HDPE containers in the global market.

HDPE containers are formulated from high-density polyethylene granules that are made by heating petroleum to specific temperatures. These containers have a large strength to density ratio and are highly weatherproof and flexible. Also, HDPE containers are stronger in comparison to standard polyethylene products and act as a strong barrier against moisture, while maintaining their solid state at high temperatures.

They possess various distinguishing properties which make them ideal for the packaging industry such as durablity, lightweight, impact-resistant, long-lasting, and weather resistant. Attributed to this, HDPE containers are increasingly gaining immense popularity across the industries such as food & beverage, pharmaceuticals, dietary, chemicals, personal care & cosmetics, and others.

HDPE containers are extensively being used for packing fruit juices, moisturizers, detergents, chemicals, and other products. Hence, increasing consumption of aforementioned products across the world is anticipated to facilitate the demand for HDPE containers in the global market.

Which are Some Prominent Drivers Spearheading HDPE Containers Market Growth?

Over the past couple of years, HDPE containers have emerged as one of the most preferred sustainable packaging choices owing to their easy recyclability attribute. Also, these containers do not produce harmful emissions during production and consumption cycle, therefore they are finding a wide range of applications as thermoplastic across diverse industries.

Furthermore, governments of several countries are implementing multiple stringent standards and regulations reading the use of plastics, due to rising concerns pertaining to environmental sustainability. For instance, in 2021, the Ministry of Environment, Forest, and Climate Change announced implementing Plastic Waste Management Rules in India. Such regulations are encouraging end use industries to make use of sustainable and recyclable packaging solutions such as HDPE containers.

With increasing emphasis on maintaining personal hygiene and enhancing facial & body aesthetics, a significant rise in demand for personal care and cosmetic products such as shampoos, conditioners, foundations, serums, body lotions, and others is being witnessed worldwide. As HDPE containers such as bottles, cans, jars, and others are increasingly used for packaging these aforementioned products, surging demand for personal care and cosmetic products is projected to create lucrative growth opportunities in the global market.

What are the Challenges Faced by the HDPE Containers Market?

High-density polyethylene plastics take centuries to decompose, thereby polluting the environment. Thus, with rising environmental concerns and the implementation of strict regulations across North America, Europe, Asia Pacific, and others, a rapid shift towards the adoption of packaging solutions made of bioplastics to paper-based materials is being experienced.

This, in addition to fluctuating HDPE resin prices and availability of numerous substitutes such as polypropylene, is estimated to hinder the sales of HDPE containers in the market.

Why is Asia Pacific Excluding Japan Emerging as an Opportunistic HDPE Containers Market?

Future Market Insights states that Asia Pacific excluding Japan is projected to account for the leading share in the global HDPE containers market from 2022 to 2032.

HDPE containers have a brilliant dampness boundary and high chemical resistance, making them appropriate for food and beverages products. In the cooled state, these containers have the unique property of coming back to its original shape when crushed or curved. Hence, several industries players are aiming at launching novel products with HDPE containers as packaging solutions.

For instance, in 2021, Sapins, an Indian dairy producer announced launching fresh cow milk in new one litter HDPE bottle packaging. A multiplicity of such new product launches with HDPE packaging is estimated to bolster the sales of HDPE containers in the Asia Pacific excluding Japan market.

Ismail Sutaria

Principal Consultant

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How is North America Contributing to the Growth of the HDPE Containers Market?

As per FMI, North America is projected to exhibit growth at a robust CAGR in the HDPE containers market during the forecast period 2022-2032.

As the trend of single-living continues to create deeper inroads across North America, demand for on-the-go food & beverage and homecare products is accelerating at a rapid pace. In addition to this, rising awareness regarding personal hygiene and cleanliness due the outbreak of the COVID-19 pandemic has resulted in boosting the demand for products such as detergents in the U.S. and Canada. Thereby, accelerating the adoption of durable packaging solutions such as HDPE containers.

Hence, key leading players in the market are aiming at expanding their production capacity to capitalize on existing opportunities. This is expected to favor the growth of the HDPE containers market in North America. 

Market Competition

Some of the leading players in the global HDPE containers market are Graham Blowpack Pvt. Ltd., All American Containers, Vivek Polymer India, Maynard & Harris Plastics, Alpha Packaging, Fisherbrand, BERK COMPANY, LLC, Kaufman Container, Parker Plastics, and CL Smith among others.

Leading players in the global market are aiming at launching customized products and capacity expansion to gain edge in the highly competitive market.

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Scope of Report

Key Segments Profiled in the HDPE Containers Market Survey

By Container Type:

• Bottles
• Jars
• Cups & Bowls
• Drums
• Cans
• Others

By Capacity:

• Up to 200 ml
• 200 – 500 ml
• 500 – 1000 ml
• 1000 ml and above

By End Use:

• Food & Beverages Industry
• Pharmaceuticals Industry
• Personal Care & Cosmetics Industry
• Chemical Industry
• Industrial
• Petroleum Industry
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Japan
• Middle East and Africa