Rigid Plastic Packaging Market Size
At around USD 212 billion in 2022, rigid plastic packaging market size is expected to show over 4.6% CAGR between 2023 and 2032. Rigid plastic packaging guarantees the integrity and freshness of items by providing great defense against outside elements including moisture, oxygen, and contaminants. Clear and aesthetically pleasing product presentation made possible by rigid plastic packaging helps to enable good branding and consumer communication. Features of handles, resealable closures, and simple-open mechanisms in packaging designs improve consumer convenience and usage.
Compared to substitutes like glass, rigid plastic packaging is lighter and easier for customers to handle, so saving transportation expenses. Eco-friendly materials and designs in rigid plastic packaging are developing in response to the market need for sustainable packaging solutions.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Rigid Plastic Packaging Market Size in 2022 | USD 212 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 4.6% |
| 2032 Value Projection | USD 331.4 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 150 |
| Tables, Charts & Figures | 191 |
| Segments covered | Material Type, Product Type, End-use, Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
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Using conventional rigid plastic materials can help to contribute to environmental damage and plastic waste, which would affect consumers who care about the environment negatively. Different areas' regulations on single-use plastics can affect the demand and manufacturing of some kinds of rigid plastic packaging. Though rigid plastic packaging is recyclable, poor recycling rates, contamination problems, and inadequate waste disposal infrastructure still pose concerns. Therefore, the hazards connected to rigid plastic packaging could lower the acceptance rate, thereby affecting the business development.
COVID-19 Impact
The epidemic caused swings in consumer demand, with some industries—such as food and healthcare—increasing demand for packaging and others—such as non-essential products—demand declining. As consumers turned to online buying, demand for e-commerce packaging solutions needing robust and protective rigid plastic packaging grew. Therefore, the lower number of COVID-19 cases and the application of later policies by government and non-governmental groups are expected to propel the strict plastic packaging sector development in the next years.
Rigid Plastic Packaging Market Trends
The focus on sustainability is pushing recycled and recyclable materials as well as design of packaging that promotes the circular economy by lowering waste and supporting reuse. Emerging as a green substitute for conventional fossil-based plastics, bio-based polymers made from renewable resources are being more and more used. Companies are streamlining packaging designs to cut material use, lower packaging waste and transportation expenses while yet preserving product protection.
Rigid Plastic Packaging Market Analysis
Rigid plastic packaging market is categorized based on material type as polyethylene, polypropylene, polyelene terephthalate, polystyrene, polyvinyl chloride, others. In 2022 polyethylene had a majority market value of USD 54.2 billion. Because PE is so flexible and appropriate for packaging many products from liquids to solids, it is employed for a broad spectrum of purposes. PE is light-weight, which lowers transportation expenses and supports environmentally friendly packaging alternatives.
Product type dictates that the rigid plastic packaging market is broken out as bottles and containers, caps and closures, trays and clamshells, tubs and cups, others. With a leading market share of about 40% in 2022 and predicted to rise at a profitable rate through 2032, bottles and containers box held. Plastic bottles and containers are in great demand in the beverage sector since packaging solutions that preserve product freshness and provide convenience are highly sought for. Making creatively shaped bottles and containers improves customer appeal and branding.
The rigid plastic packaging market is split depending on end-use application like Food and Beverage, Personal Care and Cosmetics, Pharmaceuticals, Household Products, Automotive and Industrial, Others. With a strong market share in 2022, food and beverages are expected to rise greatly by 2032. Rigid plastic packaging guarantees the protection and preservation of food and drinks, therefore prolonging shelf life and avoiding contamination. Therefore, it is expected that the high-quality services and increasing use of rigid plastic packaging at food facilities will speed up the business statistics.
U.S. dominated the North American region with majority rigid plastic packaging market share and a revenue of USD 48.2 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. The demand for convenience foods drives the need for rigid plastic packaging formats such as trays, cups, and containers. Rigid plastic packaging provides convenience for on-the-go consumption and storage, aligning with the fast-paced lifestyle in North America.
Rigid Plastic Packaging Market Share
Some of the major players operating in the Rigid plastic packaging market are
- Amcor plc
- Berry Global Group, Inc.
- Sealed Air Corporation
- Crown Holdings, Inc.
- AptarGroup, Inc.
- Bemis Company, Inc
- (Now part of Amcor)
- Sonoco Products Company
- Huhtamäki Oyj
- RPC Group Plc (Now part of Berry Global)
- Plastipak Holdings, Inc.
- Consolidated Container Company LLC
- Silgan Holdings Inc.
- Printpack Inc.
- Greif, Inc.
- Ball Corporation
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Rigid Plastic Packaging Industry News
- In 2022 Amcor Plc Amcor's New Lightweighting Technology Introduces in a Quantum Leap for the Future of Packaging. More than 50% of the material in the finish is eliminated by a new twostep lightweighting technology.
Rigid plastic packaging market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments
By Material Type
- Polyethylene
- Polypropylene
- Polyethylene Terephthalate
- Polystyrene
- Polyvinyl Chloride
- Others
By Product Type
- Bottles and Containers
- Caps and Closures
- Trays and Clamshells
- Tubs and Cups
- Others
By Application
- Food and Beverage
- Personal Care and Cosmetics
- Pharmaceuticals
- Household Products
- Automotive and Industrial
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
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