U.S. Plastic Packaging Market Size & Outlook, 2023-2030
U.S. plastic packaging market, 2018-2030 (US$M)
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U.S. plastic packaging market highlights
- The U.S. plastic packaging market generated a revenue of USD 72,470.0 million in 2023 and is expected to reach USD 89,120.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3% from 2024 to 2030.
- In terms of segment, polyethylene terephthalate (pet) was the largest revenue generating material in 2023.
- Bioplastics is the most lucrative material segment registering the fastest growth during the forecast period.
Plastic packaging market data book summary
| Market revenue in 2023 | USD 72,470.0 million |
| Market revenue in 2030 | USD 89,120.0 million |
| Growth rate | 3% (CAGR from 2023 to 2030) |
| Largest segment | Polyethylene terephthalate (pet) |
| Fastest growing segment | Bioplastics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene Terephthalate (PET), Polyethylene (PE), Polystyrene (PS), Polypropylene (PP), Polyvinyl Chloride (PVC), Bioplastics |
Other key industry trends
- In terms of revenue, U.S. accounted for 18.9% of the global plastic packaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. plastic packaging market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 6,050.0 million by 2030.
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Plastic Packaging Market Scope
Plastic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. plastic packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to plastic packaging market will help companies and investors design strategic landscapes.
Polyethylene terephthalate (pet) was the largest segment with a revenue share of 32.47% in 2023. Horizon Databook has segmented the U.S. plastic packaging market based on polyethylene terephthalate (pet), polyethylene (pe), polystyrene (ps), polypropylene (pp), polyvinyl chloride (pvc), bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
Shelf life is an important aspect of various products, especially in the food & beverages and personal care industries. Plastics packaging prevent products from reacting with external elements such as moisture, oxygen, UV rays, and microbes.
This helps in enhancing the shelf life of products. Changing lifestyles, urbanization, and the dependence of customers on precooked, packaged, and processed food are some of the factors triggering the use of different types of plastic packaging such as cans, bottles, glass, tins, and other plastic packaging products.
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Target buyers of U.S. plastic packaging market databook
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Our clientele includes a mix of plastic packaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. plastic packaging market , including forecasts for subscribers. This country databook contains high-level insights into U.S. plastic packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. plastic packaging market size, by material, 2018-2030 (US$M)
U.S. Plastic Packaging Market Outlook Share, 2023 & 2030 (US$M)
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