Rigid Plastic Packaging Market Size Worth US$ 309.1 Billion by 2028 | CAGR: 4.9%: IMARC Group
IMARC Group, a leading market research company, has recently releases a report titled “Rigid Plastic Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global rigid plastic packaging market size, report , share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global
rigid plastic packaging market size reached US$ 229.3 Billion in
2022. Looking forward, IMARC Group expects the market to reach US$ 309.1
Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
What is Rigid Plastic Packaging?
Rigid plastic
packaging refers to a type of packaging material characterized by its
inflexible structure, typically made from various types of polymers. It
comprises various types of containers and bottles commonly used for packing
liquid, semi-liquid, and dry products. It also consists of trays and
clamshells, which are employed in the food industry for packaging fruits,
vegetables, and ready-to-eat meals. It includes tubs and cups, which are widely
used for packaging dairy products, snacks, and desserts. It also encompasses
blister packs, which are formed by combining a plastic cavity with a paper or
aluminum backing. It is commonly manufactured from polymers such as
polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), and
polystyrene (PS). It provides robust protection, safeguarding products from
physical damage during transportation and storage. It can be molded into
various shapes and sizes, allowing for customization based on the specific
requirements of the product. Rigid plastic packaging often has excellent
barrier properties, protecting contents from moisture, air, and light, thereby
extending the shelf life of various perishable products. It is primarily
transparent, allowing people to view the product inside, enhancing aesthetics,
and providing a clear view of the contents. It is lightweight, easy to handle,
and often features user-friendly designs, enhancing convenience. It is also
considered cost-effective, making it an economically viable choice for
businesses.
Rigid Plastic Packaging Market Trends and Industry Demand:
At present, the increasing demand for recyclable rigid plastic packaging due to heightened environmental awareness, prompting both individuals and regulatory bodies to scrutinize the ecological impact of packaging materials, represents one of the crucial factors impelling the growth of the market. Manufacturers are also investing in research and development (R&D) to innovate sustainable materials, such as bio-based plastics and recyclable resins, aligning their offerings with the circular economy. Besides this, technological advancements are facilitating the production of novel materials and manufacturing processes that enhance packaging efficiency, durability, and aesthetics.
Smart packaging solutions, integrating technologies like radio-frequency identification (RFID) and near-field communication (NFC), are gaining traction, providing brands with opportunities for improved supply chain visibility and engagement. The advancements in barrier technologies also contribute to extending the shelf life of products, addressing both food waste concerns and demand for fresher products. In addition, the growth in online shopping is translating into an increased demand for packaging that ensures product safety during transit. Rigid plastic packaging, with its durability and protective qualities, is becoming a preferred choice for e-commerce companies as it retains the quality of the products till they reach the buyer.
Apart from this, the increasing
demand for convenient food products that are appropriate for on-the-go consumption
is facilitating the development of innovative packaging formats, such as
resealable closures, single-serve packaging, and portion-controlled packaging. Additionally,
the rising utilization of rigid plastic packaging for packing various skin and
hair care products, as they prevent leakage and do not react with the chemicals
present in the products, is bolstering the market growth.
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/rigid-plastic-packaging-market
Who are the leaders in the rigid plastic packaging market?
- ALPLA
- Altium Packaging LLC
- Amcor plc
- Berry Global Inc.
- DS Smith plc
- Graham Packaging Company
- Pactiv Evergreen Inc.
- Plastipak Holdings Inc.
- Saudi Basic Industries Corporation (Saudi Arabian Oil Company)
- Silgan Holdings Inc.
- Sonoco Products Company
- Winpak Ltd.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Bottles and Jars
- Trays and Containers
- Caps and Closures
- Others
Breakup by Material:
- Polyethylene (PET)
- Polypropylene (PP)
- High Density Polypropylene (HDPE)
- Others
Breakup by Production Process:
- Extrusion
- Injection Molding
- Blow Molding
- Thermoforming
- Others
Breakup by End Use Industry:
- Food and Beverages
- Personal Care and Cosmetics
- Household
- Healthcare
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
- Market Performance
- Market Outlook
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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