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U.S. - Carboys, Bottles And Similar Articles Of Plastics - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Article Publishing Date: Jul 9, 2020

The U.S. Plastic Bottle Market to Struggle With the Pandemic and Rising Environmental Concerns

IndexBox has just published a new report: 'U.S. - Carboys, Bottles And Similar Articles Of Plastics - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

In 2019, the U.S. plastic bottle market increased by 0.1% to $11.5B, rising for the third consecutive year after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. 

Since plastic bottles are used in many sectors of consumer goods, the market is affected, on the one hand, by an increase in the population and its income, and on the other hand, the general dynamics of the economy and industrial production also constitute key fundamental factors.

In general, the food and beverage industry maintains modest but robust growth, driven by rising population and their incomes, which will remain the key positive fundamental factor behind the plastic bottle market growth. A moderate increase in production growth is forecast in the soft drinks segment, thereby shaping the possible growth of plastic bottle consumption. Moreover, the non-alcoholic beverages segment remains least competitive with alternative packaging materials. As a rule, soft drinks do not require long-term storage, therefore the possible advantages presented by glass packaging alternatives remain irrelevant for this market. Moreover, the relatively low cost of plastic bottles and their minimal weight make them a suitable option for beverage manufacturers.

However, since this market is well-established and saturated, there are no prerequisites for a sharp increase in the consumption of soft drinks. Moreover, an increasing number of consumers are paying attention to their health, which contributes to a slowdown in the consumption of sugar-based drinks. In terms of plastic bottle consumption, this may be relatively offset by the rising consumption of other types of drinks like mineral water.

A similar situation is also relevant for personal care products – in general, household incomes in the U.S. are relatively high, and the consumer goods markets are saturated, making a sharp increase in consumer demand unlikely. Recently, however, growth in consumer goods consumption has been hampered by a slowdown due to trade tensions with China, which could lead to a reduction in cheap imports and an increase in the prices for consumer goods.

Market Forecast to 2030

In early 2020, the global economy entered a period of the crisis caused by the COVID-19 epidemic, due to which most countries in the world put on halt production and transport activity. So far, the uncertainty regarding quarantine measures and the depth of the global economic decline is too great to make reliable forecasts. IMF states that even a short-lived outbreak would lead to at least a 3% contraction of the global GDP. The U.S. is expected to face an even deeper short-term recession, with the contraction of GDP of approx. -5.9% in 2020, as the hit of the pandemic was harder than expected, and unemployment soared due to the shutdown and social isolation.

In the medium term, should the pandemic outbreak end in the second half of 2020, the economy is to start recovering in 2021 and then return to the market trend of the gradual growth, driven by the fundamentals existed before 2020 and boosted by support measures imposed by the government. Driven by rising demand for plastic bottles in the U.S., the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.4% for the period from 2019 to 2030, which is projected to bring the market volume to 3.2M tonnes by the end of 2030.

Plastic bottles as a product appear to be not very sensitive to the quarantine closure of the HoReCa sector since drinks are rarely sold in plastic bottles in restaurants and cafes. A much greater risk comes from a possible change in consumer habits – due to the risk of infection, consumers tend to visit shops much less frequently which also leads for a decrease in the number of impulsive purchases; together those factors may lead to reduced consumption of soft drinks and beauty products. In addition, amid increased attention to health, consumers can drink less sugar-based drinks in favor of products positioned as more “healthy”.

A more noticeable decrease can occur in the segment of chemical and construction containers, containers for fuel and lubricants. As the demand for trips fell sharply, the need for vehicle maintenance also contracted, which in turn reduces the demand for plastic containers for related products. In the construction sector, there may also be a moment of uncertainty due to reduced income for potential home buyers – this, in turn, may also lead to a decrease in the consumption of plastic bottles for construction-related products.

On the other hand, the pandemic leads to an increase in the consumption of detergents and disinfectants, which are packaged in plastic bottles in large quantities. This contributes to an increase in the demand for plastic containers for these products, although here plastic bottles may face competition from soft plastic containers, especially for bulk packaging.

Additional risk comes from the fact that plastic container consumption has recently started to slow down due to environmental concerns. The problem of plastic pollution is an acute problem worldwide, and many countries are trying to limit the consumption of plastic. Thus, in the EU, a ban was introduced on the use of disposable plastic utensils, and restrictions were imposed on the growth of consumption of non-recycled plastic bottles. In the U.S., there were also attempts to ban plastic products, but they have an effect only in individual states. Thus, California, New York, and hundreds of municipalities in the U.S. ban or fine the use of plastic. Some other states, however, refused to restrict the use of plastic packaging thereby letting it be the consumer choice.

Despite the fact that restrictive measures apply primarily to plastic bags and disposable tableware, these concerns could potentially benefit the alternative packaging market. Moreover, rising demand for “natural” and “healthy” drinks also promotes alternative glass bottle consumption, as it benefits from its ‘environment-friendly’ image among consumers. In response, plastic bottle manufacturers are increasing the use of recycled plastics and expanding the use of biodegradable plastics. In the medium term, it is expected that the struggle for and against the use of plastic will generally balance each other out, and a sharp reduction in the use of plastic bottles is unlikely.

Given the above-mentioned factors, the performance of the market is forecast to decrease slightly in 2020 and then to start a slow upward trend. Overall, the market is expected to rise with an anticipated CAGR of +0.2% for the period from 2019 to 2030, which is projected to bring the market volume to 3.1M tonnes by the end of 2030.

Imports into the U.S.

In 2019, approx. 224K tonnes of carboys, bottles and similar articles of plastics were imported into the U.S.; shrinking by -5.3% compared with 2018. The total import volume increased at an average annual rate of +1.0% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. In value terms, plastic bottle imports dropped modestly to $1.2B (IndexBox estimates) in 2019. 

Imports by Country

Canada (64K tonnes), China (53K tonnes), and Mexico (53K tonnes) were the main suppliers of plastic bottle imports to the U.S., together comprising 76% of total imports. These countries were followed by Turkey and Taiwan which together accounted for a further 7.8%.

From 2007 to 2019, the biggest increases were in Turkey, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic bottle suppliers to the U.S. were China ($385M), Canada ($285M), and Mexico ($196M), with a combined 71% share of total imports. Taiwan and Turkey lagged somewhat behind, together comprising a further 4.2%.

Import Prices by Country

The average plastic bottle import price stood at $5,415 per tonne in 2019, growing by 2.7% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2008 when the average import price increased by 16% y-o-y. Over the period under review, the average import price attained the maximum in 2019 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was China ($7,236 per tonne), while the price for Turkey ($1,819 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 22221450 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity . 2 litres
• Prodcom 22221470 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity > 2 litres

This report provides an in-depth analysis of the plastic bottle market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007-2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2019
Figure 5:
Trade Balance, In Physical Terms, 2007-2019
Figure 6:
Trade Balance, In Value Terms, 2007-2019
Figure 7:
Per Capita Consumption, 2007-2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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