Global Rigid Plastic Packaging Market Outlook, 2027

Global Rigid Plastic Packaging Market Outlook, 2027

Rigid plastic packaging is packs with rigid designs usually include plastic bottles and jars, plastic boxes, trays, plastic cups, etc. Rigid plastic packaging is heavier, more expensive than their flexible counterparts, and offer better protection. Rigid plastic packaging involves utilization of plastic materials such as Polyethylene Terephthalate, Polyethylene, polypropylene, high-density polyethylene and many other resins used for packaging of new bottles, bulk products, containers and various other plastic products. Rigid plastic packaging materials are durable and lightweight.

According to the report title, “Global Rigid Plastic Packaging Market Outlook, 2027”, publish by Bonafide research, the market was value at around USD 197 Billion in 2021 and it is anticipated to grow with the CAGR of 5.73%from 2022 to 2027.

Plastic materials, in general, are highly affordable materials for packaging, and it’s not just because the materials are cheap. Rigid plastics are exceedingly lightweight and inexpensive to transport than any other packaging material. Rigid plastic packaging consists of plastic boxes, plastic bottles, plastic cups, tubs and pots, plastic trays and various other plastic products that can’t be easily shaped or changed. According to the report, based on product type, the market is segmented into bottles and jars, rigid bulk products, trays, cups, tubs, pots and other plastic products. The bottle and jars segment is leading the market with more than 65% of value market share. Rigid plastic packaging commonly referred in the industry as “rigid,” are a category of plastics generally made from high density polyethylene, polyethylene terephthalate and polypropylene rigid. The products are plastic containers with open tops and separate lids or covers and closures. They are generally nestablefood containers and can be recycled. Some common types of rigid plastic packaging include butter tubs, yogurt cups, and containers for things like hummus and other dips and spreads. Additionally, rigid play a powerhouse role behind the scenes at grocery stores. Large rigid plastic containers are extensively used in the bakery, deli, seafood, and pharmacy departments at grocers and retailers to deliver a wide array of foods, products, and medicine we rely on every day. According to the report, based on application type, marker is segmented into food and beverages, industrial, healthcare, cosmetics and other application. The food and beverages segment is leading the market with more than 65% of value market share.

Rigid plastic packaging involves utilization of plastic materials such as polypropylene, high-density polyethylene, and polyethylene terephthalate and various other resins type for packaging of new bottles, containers and other plastic products. These materials are durable and lightweight. According to the report, based on material type market is segmented into polyethylene (PE), polyethylene terephthalate (PET), polystyrene (PS), polypropylene (PP), polyvinyl chloride (PVC), expanded polystyrene (EPS),bioplastics, high density polyethylene and other material type. The polyethylene terephthalate (PET) segment is leading the market with more than 25% of value market share.

According to the report, based on region, the rigid plastic packaging market is segmented into five major regions i.e. North America, Europe, Asia-Pacific, South America and Middle East & Africa. The Asia-pacific region is dominating the market with more than 38% value market share. Based on country, china is leading the rigid plastic packaging market with more than 20% market share. There are many prominent companies in the rigid plastic packaging market which are driving the market. The companies are Berry Global Group, Inc., Silgan Holdings Inc., Saudi Basic Industries Corporation, AlplaWerkeAlwinLehner GmbH & Co KG and Mauser Packaging Solutions Holding Company.

The COVID-19 pandemic situation is having immense effects on societies across the world. It has harshly affected all the businesses and manufacturing firms across the globe. There has been a negative impact on the rigid plastic packaging market due to prolonged lockdowns and disrupted supply chains. The decreasing production of rigid plastic material for packaging during COVID-19 outbreak has created challenging snitches for manufacturers. Key market players are exploring opportunities to overcome resistance in the rigid plastic packaging market. Market players are facilely contributing to set their businesses to keep economy running amid the ongoing pandemic situation. Market stakeholders in the rigid plastic packaging market are expanding their production capability to gain a competitive edge after COVID-19 breakdown. The popularity of rigid plastic packaging is due to its efficiency of cost, durability, and lightweight properties. Rigid plastics such as polyethylene terephthalate and high density polyethylene can be directly dumped into a recycling bin. Rigid plastics are also recyclable, a more environment friendly option than flexible packaging. In addition, increasing applications of rigid plastic packaging in various application industries is contributing to growth of the market.

Major Companies present in the market:
Berry Global Group, Inc., Silgan Holdings Inc., Saudi Basic Industries Corporation, AlplaWerkeAlwinLehner GmbH & Co KG, Mauser Packaging Solutions Holding Company, Sonoco Products Company, Amcor plc, Pactiv Evergreen Inc, Gerresheimer AG, Mpact Limited, Takween Advanced Industries Co., Altium Packaging LP, Plastipak Holdings, Inc., Klöckner Pentaplast, Hitech Corporation, Lacerta Group Inc., Winpak Limited, Us Pack Group, Regent Plast Private Limited

Considered in this report
• Geography: Global
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Global Rigid Plastic Packaging market with its value and forecast along with its segments
• Region-wise rigid plastic packaging market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report
• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)

Types of Product in the report:
• Bottles and Jars
• Rigid Bulk Products
- Industrial Bulk Containers,
- Drums and Barrels,
- Plastic Crates
- Plastic Box
- Plastic panels and sleeves
- Plastic Pails
- Other Products
• Trays
• Cups, Tubs and Pots
• Others

By End-Use in the report:
• Food and Beverages
• Industrial
• Healthcare
• Cosmetics
• Others

Types of Product in the report:
• Polyethylene (PE)
• Polyethylene Terephthalate (PET)
• Polystyrene (PS)
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Expanded Polystyrene (EPS)
• Bioplastics
• High Density Polyethylene
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to rigid plastic packaging industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.