North America Rigid Plastic Packaging Market Outlook, 2027

North America Rigid Plastic Packaging Market Outlook, 2027

Rigid plastic packaging involves utilization of plastic materials like plastic (PP), high-density synthetic resin (HDPE), and synthetic resin (PET) for packaging of recent bottles and containers. These materials are unit sturdy and light-weight. Rigid plastic packaging in barely concerning any form conceivable. Versatile packaging usually simply resembles a bag or pouch, and it’s extremely solely appropriate sure enough food product and some different home items, like storing dishwashing liquid pods. Rigid plastic packaging are often appropriate for a good variety of product, together with food, medicine, natural philosophy, toys, attention things, workplace provides, tools and far additional. Plastic materials, in general, area unit extremely cheap packaging materials, and it’s not simply because the materials area unit cheap. Rigid plastics area unit extraordinarily light-weight and value less to move than the other packaging material. Rigid packaging for the food and beverages is metameric into collapsable boxes, rigid boxes, food trays, machine-made paper luggage, pet packaging, hot food packaging and flat luggage/sandwich bags, and others. On the idea of material, the trade will classified as plastic, metal, paperboard, and glass. Rigid plastic packaging dominates the worldwide rigid packaging for the food and food trade. Plastics are used wide to form medical tools and devices like surgical gloves, syringes, endocrine pens, IV tubes, catheters, expansive splits, etc. Such product area unit created for one-time use and facilitate stop.

According to the Outlook, “North America Rigid Plastic Packaging Market Outlook, 2027” published by Bonafide Research, the rigid plastic packaging market is anticipated to grow at a 4.87% CAGR in terms of value during this forecasted period. Growing investment by major market players in the research and development of rigid plastic packaging has impacted the market growth. Rigid plastic have gained its market growth in every region in North America. Major of the companies are making these products for food and beverages. Food and beverages is in demand and consumers have become health conscious. They want packed food and beverages. This has made market growth huge. Other sectors are healthcare and cosmetics, they have also huge demand. Market is expected to grow rapidly because there is continuous increase in consumption for everything by consumers. And these will lead to grow in market growth.

The benefits of plastics are that it reduces energy by 61% and greenhouse by 57% as compared to either application or alternatives. As from the obtained data, in 2009, 2.5 Billion lbs plastics were collected and recycled. It is always advised and recommended to recycle the use of bottles, which will reduce the pollution and save environment. North America Rigid Packaging Market growth is being driven by the surging demand for rigid thermoform plastic packaging in the food and beverage industry for safe seals, improved shelf life, and quality designs together with the application of corrugated cases. However, market maturity and market saturation in applications like bottled and canned beers and carbonated soft drinks are some of the major factors hampering the growth of the North America Rigid Packaging Market.

The rigid and hard type of polystyrene is utilized in the manufacture of television and computer housings. Additional IT equipment also utilizes polystyrene owing to its ability to provide the correct type of finish and shape. Polystyrene is widely utilized in the packaging of food products. It supports maintaining the cleanliness and freshness of food. It does not cost much to utilize polystyrene and being transparent, it is amazing in terms of appearance which is so crucial in retail. General Purpose Polystyrene (GPPS) and High Impact Polystyrene (HIPS) are both accessible for injection in molding.
Thermoforming is a plastic forming procedure utilized to build a wide assortment of consumer goods by softening a plastic sheet over a mold and permitting it to cool. With suitable machinery, thermoforming can generate thousands of plastic parts per hour, turning it into a perfect forming technique for the high-volume manufacture of plastic parts. The thin plastic sheet utilized to manufacture thin-gauge plastic parts is termed thermoforming film. The benefits of thermoforming include reduced cost, versatility, fast turnaround, and minimum waste. Thin-gauge thermoforming is utilized to develop plastic packaging for products across retail, medical, food and beverage, and additional industries.

COVID-19 Impact
During this COVID-19, there was much trade that was badly affected and whole of economy also fell because of this. This phase, we have a tendency to expect bound shopper behaviors, like reposition, can slow whereas others, like grocery purchases via e-commerce, can accelerate. Key implications for packaging embrace non-grocery retail seemingly returning to a close to halt, demand for affordable private-label product seemingly increasing, and demand for high-end packaging seemingly declining. The fight to defeat COVID-19 may conjointly begin to have an effect on packaging decisions, pro packaging styles and substrates that provably address hygiene and consumer-safety issues as an example, people who minimize the likelihood of the virus’s survival on the packaging surface. shoppers across the world square measure planning to be progressively inclined to shop for their product through totally different channels from those they used before the pandemic, resulting in a robust acceleration of e-commerce shipments and different home-delivery services. North American country shoppers square measure dynamical their behavior within the lightweight of the crisis: analysis suggests they shall double their pay at online-only grocery stores.

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

Considered in this report
• Geography: North America
• Historic year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecasted year: 2027

Aspects covered in this report
• North America Rigid plastic Market with its value and forecast along with its segments
• Country wise rigid plastic market analysis
• Application wise rigid plastic market distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:
• USA
• Canada
• Mexico

By application rigid plastic type in the report:
• Food and beverages
• Industrial
• Healthcare
• Cosmetics

Technical types of rigid plastic packaging in the report:
• PE
• PET
• PS
• PP
• PVC
• Bioplastics
• HDPE

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, analyzing 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 solar panel coating 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.