The global pocket containers market size is estimated to reach USD 276.4 Million in 2022 and is further expected to grow at a steady CAGR of 4.5% between 2022 and 2032, totaling around USD 429.2 Million by 2032. Rising usage across end-use industries such as food & beverage, cosmetics, and pharmaceutical is a key factor pushing demand for pocket containers in the market.
| Attribute | Key Statistics |
|---|---|
| Global Pocket Containers Market Estimated Size (2022) | USD 276.4 million |
| Projected Market Valuation (2032) | USD 429.2 million |
| Value-based CAGR (2022 to 2032) | 4.5% |
| Collective Value Share: Top 3 Countries (2022E) | 40.5% |
With the growing demand for smaller and more compact packaging, there has been a rapid rise in the sales of pocket containers in the last few years and this trend is likely to continue during the forecast period. Pocket containers are unique, compact, and portable packaging products used to store the items conveniently in the pockets. They allow people to carry essential products in their pockets easily.
These compact containers find application across numerous end use industries, including food & beverage, pharmaceutical, cosmetic & personal care, and consumer goods. Thus, rapid expansion of these industries will bode well for the overall pocket containers market during the assessment period.
Regionally, South Asia pocket containers market is expected to witness the highest CAGR during the forecasted period, owing to the increase in the manufacturing and sales of pocket containers coupled with other factors such as growing population and urbanization in the region.
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The global sales of pocket containers grew at a moderate CAGR during the historical period of 2017 and 2021. However, with growing demand for compact and lightweight packaging solutions across industries like pharmaceutical, food & beverage, and personal care & cosmetics, the overall pocket containers market is anticipated to grow at a steady CAGR of 4.5% over the forecast period.
There has been a growing trend of miniaturization across the global manufacturing landscape that has influenced packaging companies to offer packaging formats that are convenient and compact in terms of storage in pockets. To meet the varied requirements of the customers, the key players in the packaging industry are offering pocket containers with features such as moisture and heat resistance.
Pocket containers are used widely in the pharmaceutical and food & beverage industries, which is expected to create significant demand due to the growing demand for convenient and compact containers from the end users. Growing demand for compact and convenient packaging formats to store things in the pockets of consumers is anticipated to boost the growth of pocket containers in the next few years.
Growing Demand for Lightweight and Compact Packaging
Pocket containers are small boxes or pocket-sized containers used for storing items conveniently in the pockets. These containers are lightweight and use less than 75% of plastics as the rigid type of packaging.
These containers provide economical and customizable packaging solutions. Pocket containers are convenient and portable and thus offer easy storage in pockets. As demand for lightweight and compact packaging is gaining immense momentum across various industries, a positive growth trajectory has been predicted by FMI for the global pocket containers market during the forecast period.
Flourishing Food & Beverage Industry Worldwide
Pocket containers find wide usage in the food & beverage industry due to their convenient packaging outlook along with the ability to resist moisture, heat, and air. The growing trend of consumption of on-the-go food and beverages across the world is boosting the demand for convenient packaging formats like pocket containers and the trend is likely to continue over the next ten years.
Pocket containers are compact and moisture-resistant and help consumers store miniaturized things conveniently in their pockets. All these factors are likely to propel the growth of the pocket containers market in the near future.
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Growing Demand for Compact and Convenient Packaging Solutions to Drive the USA Market
As per the USA. Department of Agriculture (USDA), the food segment accounted for an 11.9% share of the average USA household’s expenditure in 2020. The USA is the largest consumer of pocket containers and is expected to reach a market valuation of USD 102.1 Million by 2032.
Growth of the pocket containers market in the USA is due to the rising demand for compact and convenient food packaging by consumers, rapid growth of pharmaceutical industry, and heavy presence of leading packaging giants. Moreover, the trend of consumption of on-the-go and ready-to-eat meals is expected to further drive the pocket containers market in the country during the forecast period.
Surging Pharmaceuticals Production and Exports to Push the Demand for Pocket Containers in India
According to Future Market Insights, India will continue to remain a lucrative market for pocket containers due to rapid expansion of pharmaceutical and cosmetics & personal care sectors, easy availability of raw materials at much lower prices, increasing consumer spending.
Over the years, there has been a rapid growth of the pharmaceutical industry in India due to rising exports of various pharmaceutical products, increasing investments in R&D, and favorable government support. According to the Indian Economic Survey 2021, India’s domestic pharmaceutical market stood at USD 42 billion in 2021 and is likely to reach USD 120-130 billion by 2030.
Furthermore, total Indian drug & pharmaceutical exports stood at USD 24.60 billion in FY22 and USD 24.44 billion in FY21, and this number is further expected to surge during the next ten years. Driven by this demand for pocket containers is set to grow at a steady pace in the country. Similarly, rising usage across the food and beverage industry will create opportunities for pocket containers market in the country during the forthcoming period.
Plastic Pocket Containers to Gain Traction due to Their Inexpensive Nature
As per FMI, plastic will continue to remain the most preferred material type for making pocket containers and is set to create revenue opportunities of USD 150 Million by the end of 2032. Growth of the plastic segment is attributed to the rising end user preference for using pockets containers made from plastic due to their lightweight, low cost, and durable nature.
Among all plastics, polypropylene (PP) is widely used for making pocket containers as it is inexpensive, possesses high flexural strength, and is highly resistant to moisture. Plastic as an inexpensive material is likely to create high profits for pocket container manufacturers during the forecast period. Thus, increasing demand for plastic pocket containers by various end users is expected to create lucrative growth opportunities for manufacturers in the next few years.
The Pharmaceutical Sector is Likely to Demand for New Pocket Containers
Based on end use, demand for pocket containers is expected to rise at the highest pace in the pharmaceutical sector owing to an increase in the usage of pocket containers for carrying medications in the form of pills due to their convenient packaging format.
Pharmaceutical manufacturers are increasingly adopting pocket containers as packaging solutions for storing drugs as they provide convenience to consumers in terms of storage. Factors such as rising prevalence of chronic diseases, increasing spending on medications, and growing usage of pocket containers for packaging pills will continue to trigger growth of the pharmaceutical segment during the forecast period.
Similarly, in order to improve their revenue share and grab emerging opportunities from the pharmaceuticals sector, key players in the pocket containers market are focusing on developing products that can keep the pills intact from any external environmental factors like moisture and heat. This will further expand the pocket containers market size over the next ten years.
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The global pocket containers market is fragmented and competitive in nature with the key players constantly expanding their product portfolios by launching new products. Besides this, they are using various tactics such as collaborations, mergers & acquisitions, and partnerships to improve their market share and remain relevant in the global packet containers market.
Constar International is one of the top producers of polyethylene terephthalate (PET) plastic containers in the world. With the help of creative thinking, extensive industry experience, and cutting-edge materials science, the company has developed new monolayer PET barrier technology and structures that enable it to develop packaging solutions for the opportunities and challenges that food and beverage companies are most concerned with, such as product protection, consumer appeal, and sustainability.
Since its establishment in 1927, Constar has become Europe’s leading manufacturer of PET platforms, bottles, containers, and closures. The company offers packaging solutions ranging from small 16g preforms up to large 85gm performs in diverse finishes to suit many applications.
Oval PET bottles for foods and barrier PET bottles for beer were made possible by Constar's technological advancements over the years. Constar provides clients with fresh choices for more environmentally friendly packaging that satisfies retailer, consumer, and cost objectives while maintaining the desired performance and aesthetics.
Another key manufacturer and supplier of pocket containers is Alpha packaging. Alpha Packaging has emerged as a leading producer of plastic bottles and jars for specialized foods, medicines, dietary supplements, home chemicals, and food goods.
For consumer industries that are quickly expanding, such as the nutrition, pharmaceutical, personal care, and specialty food and beverage categories, Alpha is a leading blow-molder of bottles and jars. With its headquarters in St. Louis, Missouri, Alpha currently has 10 production plants, eight of which are located in North America.
The company is continuously striving to expand its presence across Europe and other regions. For instance, in April 2021, it announced the acquisition of Boxmore Plastics Limited ("Boxmore"), a prominent producer and designer of premium plastic bottles and jars, has been acquired by Alpha Packaging.
Another leading player in this packaging space is Plastipak Packaging, Inc., a fully owned subsidiary of Plastipak Holdings, Inc. Plastipak employs more than 6,000 people in more than 60 locations across the Americas, Europe, Africa, and Asia, with a focus on innovation.
Some of the most famous and recognisable consumer brands in the world are among its clients. With more than 500 USA patents for its cutting-edge package designs and production techniques, Plastipak is a market leader in packaging innovation.
In January 2022, a huge investment was made by Plastipak in the design, production, and recycling of plastic containers, to greatly increase its PET recycling capacity at its manufacturing facility in Bascharage, Luxembourg.
Similarly, in June 2019, in order to create and commercialize industrial scale PET chemical recycling for use in preform and bottle applications, Plastipak Italia Preforme s.r.l., a division of Plastipak Packaging, and Garbo S.r.l. have entered into an exclusive partnership in Italy. Plans for extending the exclusive relationship internationally are included in the deal.
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 276.4 million |
| Projected Market Size (2032) | USD 429.2 million |
| Value-based CAGR (2022-2032) | 4.5% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (USD million) and Volume (000 Units) |
| Key Regions Covered | North America; Latin America; Europe; Middle East & Africa; East Asia; South Asia and Oceania |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, Spain, Italy, France, UK, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | Material Type, Packaging Format, End Use, and Region |
| Key Companies Profiled | Gerresheimer AG ; Constar International; CKS Packaging; Alpha Packaging Holdings; TYH Container Enterprises; Vidchem pty ltd.; APTACA Spa; USON Plast; Graham Packaging; Plastipak Packaging |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global pocket containers market is expected to reach USD 276.4 Million in 2022.
The global pocket containers market is estimated to witness a growth rate of 4.5% during the forecast period of 2022 and 2032.
The global pocket containers market was valued at USD 264.5 Million in 2021.
As per FMI, the global pocket containers market is projected to reach a valuation of USD 429.2 Million by 2032.
The pharmaceutical segment is expected to dominate the global pocket containers market through 2032.
Plastic is expected to create the highest incremental opportunity of USD 150 Million by the end of the forecast period.
According to FMI, North America is expected to remain the dominant pocket containers market during the forecast period.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Pocket Containers Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Pocket Containers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Material 5.1. Plastic 5.1.1. PP 5.1.2. PET 5.1.3. PE 5.2. Metal 6. Global Pocket Containers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Packaging Format 6.1. Flask 6.2. Bottle 6.3. Boxes & Cartons 7. Global Pocket Containers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 7.1. Food & Beverage 7.2. Pharmaceutical 7.3. Cosmetic & Personal Care 7.4. Other Consumer Goods 8. Global Pocket Containers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. Middle East and Africa (MEA) 9. North America Pocket Containers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Pocket Containers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Pocket Containers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. East Asia Pocket Containers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. South Asia Pocket Containers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Oceania Pocket Containers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Middle East & Africa Pocket Containers Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Country wise Pocket Containers Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Gerresheimer AG 18.2. Constar International 18.3. CKS Packaging 18.4. Alpha Packaging Holdings 18.5. TYH Container Enterprises 18.6. Vidchem pty Ltd. 18.7. APTACA Spa 18.8. USON Plast 18.9. Graham Packaging 18.10. Plastipak Packaging 19. Assumptions and Acronyms Used 20. Research Methodology
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