Global Plastic Bins Market Size

Plastic beans market outlook was in its golden phase in 1990 wherein many companies ventured in the market to generate lucrative revenue profits. Since then, many key developments took place in the industry, while it entered maturity phase. The product is still in high demand across developing regions due to easy maneuverability and light-weightiness.

The USD 250 billion dollar global plastic beans market value is expected to register a CAGR of nearly 3.9% between 2017 and 2027 to create favorable revenue opportunity for industry players. Though there is high addressable market in developing regions amidst maturity scale, there is high competition owing to fragmented business ecosystem and regional pricing variation.

Global Plastic Bins Market Drivers and Challenges

The global plastic bins market trend is on maturity scale. The adoption rate has significantly declined between 2005 and 2015. Moreover, manufacturing facilities standard has been raised in developed countries that proved tough to cope with for new entrants. As such, opportunity for new entrants is narrower in developed regions. The industry is expected to benefit from rising demand for transportation and logistics across various end-use sectors –with maximum share going to retail market. Over the past few years, the organized retailing has increased considerably in developing regions – opening new market opportunity for Plastic Bins market players.

The global plastic bins market sales trend is expected to be further driven by increasing consumer purchasing power and relaxation in FDI in some of the developing regions of Asia Pacific – including Indonesia, Philippines, and India.

The global plastic bins market is segmented based on the product, and end-users. Among end-users, food and beverage industry will have major chunk of the market. As per the estimates, food and beverage segment will account for nearly 67% of global market by the end of 2017.



Global Plastic Bins Market Regional Analysis

Globally, Europe and North America account for majority of the market share. However, as per the estimates, the region will lose by 15% market share to Asia Pacific and Latin America by the end of forecast period.

Asia Pacific will overtake the North America by 2023. China will be the growth ladder for the plastic bins market. There are many active small scale players engaged in China regions – leading to highest production capacity for plastic bins – however, exports has seen decline by 3% post 2012. Over 65% of produced goods in China is exported to Europe, Latin America, and rest of world. The plastic bins market value will grow by 2.8X between 2017 and 2027 in China.

Latin America, Middle East, and Africa is estimated to account for nearly 9% of global demand in 2017. This will increase in coming years with changing economic conditions and investment influx in the region.



Global Plastic Bins Market Competition Scenario

Plastic bins market will register sluggish growth during the forecast period. While, the market is highly fragmented, industry giants are shaping their distribution channel to strengthen their market presence.

Some of the key plastic bins market players are Myers Industries, Keter, Edsal, Helesi, Shanghai AOTO, Crown Holdings, Ardagh Group, BWAY, Kian Joo Group, Amcor Ltd., CPMC, and Crown Holdings.

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