Rigid Plastic Packaging Market Size
Rigid Plastic Packaging Market size was valued at around USD 212 billion in 2022 and is estimated to register over 4.6% CAGR between 2023 and 2032. Rigid plastic packaging offers excellent protection against external factors such as moisture, air, and contaminants, ensuring the integrity and freshness of products. Rigid plastic packaging provides a clear and visually appealing display of products, enabling effective branding and communication with consumers. Packaging designs that include features like handles, resealable closures, and easy-open mechanisms enhance consumer convenience and usability.
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Rigid plastic packaging is lightweight compared to alternatives like glass, making it easier for consumers to handle and reducing transportation costs. The demand for sustainable packaging solutions is driving the development of eco-friendly materials and designs in rigid plastic packaging.
Rigid Plastic Packaging Market Report Attributes
| 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 |
- Growing food and beverage industry
- Growing cosmetics industry
- Growing pharmaceuticals industry
|
| Pitfalls & Challenges |
- Environmental Concerns
- Recycling and Waste Management
- Market Saturation and Competition
|
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The use of traditional rigid plastic materials can contribute to plastic waste and environmental pollution, leading to negative perceptions among environmentally conscious consumers. Regulatory restrictions and bans on single-use plastics in various regions can impact the demand and production of certain types of rigid plastic packaging. Despite being recyclable, rigid plastic packaging faces challenges in terms of low recycling rates, contamination issues, and lack of proper waste management infrastructure. Thus, the risks associated with Rigid plastic packaging may drive down the acceptance rate, further hampering the business growth.
COVID-19 Impact
The pandemic led to fluctuations in consumer demand, with increased demand for packaging in certain sectors (e.g., food and healthcare) and decreased demand in others (e.g., non-essential products). Consumers shifted towards online shopping, leading to increased demand for e-commerce packaging solutions that require sturdy and protective rigid plastic packaging. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the rigid plastic packaging industry expansion in the upcoming years.
Rigid Plastic Packaging Market Trends
The emphasis on sustainability is driving the adoption of recycled and recyclable materials, as well as the design of packaging that supports the circular economy by reducing waste and promoting reuse. The development and use of bio-based plastics derived from renewable resources are gaining traction as an eco-friendly alternative to traditional fossil-based plastics. Brands are optimizing packaging designs to minimize material usage, reducing packaging waste and transportation costs while maintaining product protection.
Rigid Plastic Packaging Market Analysis
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Based on material type, the rigid plastic packaging market is segmented as polyethylene, polypropylene, polyethylene terephthalate, polystyrene, polyvinyl chloride, others. Polyethylene held a majority market value of USD 54.2 billion in 2022. PE is used for a wide range of applications due to its versatility, making it suitable for packaging various products from liquids to solids. PE is lightweight, reducing transportation costs and contributing to eco-friendly packaging solutions.
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Based on product type, the rigid plastic packaging market is segmented as bottles and containers, caps and closures, trays and clamshells, tubs and cups, others. Bottles and Containers box held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace through 2032. The beverage industry's demand for packaging solutions that maintain product freshness and offer convenience drives the demand for plastic bottles and containers. The ability to create uniquely shaped bottles and containers enhances branding and consumer appeal.
Based on end-use application, the rigid plastic packaging market is segmented as Food and Beverage, Personal Care and Cosmetics, Pharmaceuticals, Household Products, Automotive and Industrial, Others. Food & beverages held a dominant market share in 2022 and is anticipated to grow significantly through 2032. Rigid plastic packaging ensures the preservation and protection of food and beverages, extending shelf life and preventing contamination. Thus, the high-quality services and growing usage of Rigid plastic packaging at food centres are anticipated to expedite the business statistics.
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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
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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
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Malaysia
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
