The Rigid Plastic Packaging Market size is estimated at USD 253.36 billion in 2024, and is expected to reach USD 284.60 billion by 2029, growing at a CAGR of 2.35% during the forecast period (2024-2029).
According to the Plastics Industry Association's Rigid Plastic Packaging Group (RPPG), Plastics account for one-third of the global packaging industry, and much of this plastic packaging is rigid.
The rigid plastic packaging market is fragmented. Due to the presence of several players, the market has strong competition. Companies focus on providing lightweight, high-performance, corrugated grades to reduce costs and improve packaging performance. Some of the major players in the market are Amcor Group GmbH, Alpla Werke Alwin Lehner GmbH & Co KG, Silgan Holdings Inc., Sealed Air Corporation, Plastipak Holding Inc., Sonoco Products Company, and Graham Packaging Company Inc., among others.
In August 2023, Berry Global launched a selection of reusable bottles, which are claimed to be made entirely from Post-consumer Recycled Plastic (PCR), for the purpose of providing cleaning services to the Bio-D Society. The bottles are available in 750ml, 1000ml, and 500ml sizes and are intended for a variety of Bio-D's liquid products, including detergents, fabric conditioners, dishwasher rinses, washing-up liquids, and H&G cleaners.
In September 2022, Amcor Rigid Packaging developed ClearCor to produce DairySeal, a novel PET barrier technology for containers of ready-to-drink dairy beverages. The bottles are recyclable and can contain up to 80% recyclable elements in their construction. ARP created a barrier out of PET film to keep dairy beverages tasting fresh. A "concentrated capsulation" created by new technology designed by ClearCor in the preform's core gives the containers additional flexibility and resin possibilities.
In July 2022, Alpla acquired the Polish company Apon, which makes plastic containers for the pharmaceutical market. Apon created bottles, containers with screw closures or snap lids, dose aids for medical equipment, food supplement packaging, and e-liquid packaging. The business is expanding its footprint in Central and Eastern Europe and supplying the Baltic nations and Poland's developing markets with quality goods.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook