Rigid Plastic Packaging Market By Material (Polyethylene terephthalate (PET), Polypropylene (PP), High density polypropylene (HDPE), Others), By Production Process (Extrusion, Injection Molding, Blow Molding, Thermoforming, Others), By End-user Industry (Food and Beverage, Personal Care, Household, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global rigid plastic packaging market was valued at $218,621.3 million in 2022, and is projected to reach $342,772.5 million by 2032, registering a CAGR of 4.6% from 2023 to 2032. The rigid plastic packaging process involves the utilization of plastic materials to produce boxes, trays, containers, cases, and other plastic packages. Plastic is one of the highly used materials for packaging due to its innovative visual appeal and prolonged durability. Rigid plastic packaging provides unique benefits such as high impact strength and enhanced stiffness, which acts as a key driver for the market. Although rigid packaging has existed for many decades, it continues to evolve to meet the needs of the changing consumer landscape.
Consumer goods is a highly fragmented industry where product differentiation and packaging play a key role. Rise in the global consumption of consumer goods fuels the growth in demand for rigid plastic packaging. In addition, improvement in packaging recycling rates globally drives the market growth. Moreover, rigid plastics are used in a wide range of packaging due to their cost-effectiveness. However, key restraint for the rigid plastic packaging market is related to rise in the use of plastics. Plastics have several harmful effects on the environment and people. Several regulations have been implemented to restrict the overuse of plastics, which is expected to negatively affect the growth of the market. Conversely, rise in e-commerce sales is anticipated to offer lucrative growth opportunities for the expansion of the global market.
The trend toward flexible packaging poses a challenge to rigid plastic packaging due to flexible packaging's advantages, including lightweight design, lower transportation costs, and environmental friendliness. Flexible packaging's adaptability to various shapes and sizes, along with its freshness-preserving innovations, drives its increasing preference. This shift reflects a growing market demand for eco-friendly and versatile packaging solutions, creating stiff competition for rigid plastic. Companies prioritizing adaptability, cost-efficiency, and sustainability increasingly favor flexible packaging, prompting the rigid plastic industry to adapt strategies to stay competitive in an evolving packaging landscape. Such factors act as a restrain for rigid plastic packaging market growth.
The global rigid plastic packaging market is segmented into material, production process, end-user industry, and region. Depending on material, the market is segregated into polyethylene terephthalate (PET), polypropylene (PP), high-density polyethylene (HDPE), and others.
Encouraging sustainable practices presents an opportunity for rigid plastic packaging applications. Advances in recyclable or biodegradable plastics advance the sector by tackling environmental issues. Eco-friendly packaging solutions satisfy consumer demand if new materials are developed, or old ones improved to make them easily recyclable or compostable. Furthermore, encouragement to a more sustainable approaches achieved by educating customers about appropriate disposal techniques and the advantages of recycling rigid plastic packaging. This presents an opportunity for the industry to respond to customer preferences for eco-friendly packaging while upholding the practical advantages of rigid plastic packaging and keeping pace with the growing environmental consciousness.
On the basis of the production process, the market is fragmented into extrusion, injection molding, blow molding, thermoforming, and others. By end-user industry, it is differentiated into food & beverages, personal care, household, healthcare, and others.
According to region, the rigid plastic packaging market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Key market players profiled in the report include ALPLA-Werke Alwin Lehner GmbH & Co KG, Amcor Limited, DS Smith Plc, Berry Plastics Corporation, Klöckner Pentaplast, Plastipak Holdings, Inc., Pactiv Evergreen Inc, Sealed Air Corporation, Silgan Holdings, Inc., and Sonoco Products Company.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the rigid plastic packaging market analysis from 2022 to 2032 to identify the prevailing rigid plastic packaging market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the rigid plastic packaging market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global rigid plastic packaging market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy MaterialPolyethylene terephthalate (PET)
Polypropylene (PP)
High density polypropylene (HDPE)
Others
By Production ProcessExtrusion
Injection Molding
Blow Molding
Thermoforming
Others
By End-user IndustryFood and Beverage
Personal Care
Household
Healthcare
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersPactiv Evergreen Inc.
Sealed Air Corporation.
Amcor PLC
Berry Global Inc.
Sonoco Products Company
DS Smith Plc
Klockner Pentaplast Group GmbH & Co. KG
ALPLA Werke Alwin Lehner GmbH & Co KG
Silgan Holdings Inc.
PLASTIPAK HOLDINGS, INC.
Please Note: It will take 7-10 business days to complete the report upon order confirmation.