The ‘Global Rigid Plastic Packaging Market Size, Share, Report and Forecast 2024-2032’ by Expert Market Research gives an extensive outlook of the global rigid plastic packaging market, assessing the market on the basis of its segments like materials, production processes, end-user industries, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Rigid Plastic Packaging Market Price, Trends, Growth, Analysis, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2032)
• Historical Market Size (2023): Around USD 204 Billion
• Forecast CAGR (2024-2032): 4.1%
• Forecast Market Size (2032): Nearly USD 259.1 Billion
A major factor driving the global rigid plastic packaging market is the rising demand for rigid plastic in the food and beverage sector. An increase in urbanisation and the busy lifestyles of the working population have boosted the demand for processed food, catalysing the usage of rigid plastic for packaging processed food.
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Rigid plastic packaging is also used in dairy products, soft drinks, bottled water, and sauces, among others, due to its durability and lightweight. Moreover, it prevents the spoilage and contamination of food content due to external environmental factors and extends the shelf life of the product, further proving its usefulness in the food and beverages sector.
Increased usage of rigid plastic packaging in the healthcare sector is also expected to positively influence the market as it protects medicines and medical devices from any damage. Its transparency makes it easier for professionals to examine its content and its durability prevents breakage or damage during transportation.
The growing trade of consumer goods across the world is also expected to impact the global rigid plastic packaging market. Such packaging solutions are used in long-distance shipments due to their durability and sturdiness. They are commonly used in the transport of personal care items, beverage bottles, electronics, and gadgets, among others.
Rigid Plastic Packaging Industry Definition and Major Segments
Rigid plastic packaging is a firm packaging made of materials such as plastic, paperboard, metal, and glass, among others, to protect luxury or delicate items such as jewellery, phones, and watches. This packaging has features like high density, increased strength, cost-efficiency, and inflexibility to provide enhanced protection to items inside the packaging.
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On the basis of material, the market is classified into:
• Polyethylene Terephthalate (PET)
• Polypropylene (PP)
• High-Density Polyethylene (HDPE)
Based on production process, the rigid packaging market is categorised into:
• Extrusion
• Injection Moulding
• Blow Moulding
• Thermoforming
On the basis of end-user industry, the market is segmented into:
• Food and Beverage
• Personal Care
• Household
• Healthcare
• Others
Based on region, the market is divided into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Rigid Plastic Packaging Market Trends
A key trend propelling the growth of the global rigid plastic packaging market is the growing popularity of sustainable packaging items such as biodegradable plastics and recyclable plastics. Due to rising environmental concerns, market players and manufacturers have been seeking a replacement for traditional plastic packaging to provide an eco-friendly consumer solution.
Furthermore, the robust growth of the e-commerce sector due to the availability of a wide range of products in online stores also fuels the market growth. Rigid packaging is used to provide a barrier against external environmental factors and ensure the optimal quality of the packed goods.
The increased usage of polypropylene (PP) in the packaging of ketchup bottles, syrups, medicine bottles, and closures, among others, is also expected to bolster the market growth. Favourable properties such as cost-effectiveness, high tensile strength, and superior barrier of PP favour its demand in different applications.
The Asia Pacific accounts for a sizeable share of the global rigid plastic packaging market due to the increased urbanisation in the region. Growth in the population in cities is also expected to drive the demand for rigid plastic packaging due to its utilisation in processed food and ready-to-eat food. Moreover, increasing industrialisation in developing economies also provides lucrative opportunities for the market expansion.
Key Market Players
The major players in the global rigid plastic packaging market report are:
- ALPLA
- Amcor plc
- Berry Global, Inc
- DS Smith plc
- Klöckner Pentaplast
- Plastipak Holdings, INC.
- Pactiv Evergreen Inc.
- Sealed Air
- Silgan Holdings Inc.
- Sonoco Products Company
- Graham Packaging Company
- Consolidated Container Company
- Reynolds Group Ltd.
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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