IMARC Group, a leading market research company, has recently releases 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 share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Rigid Plastic Packaging
Rigid plastic packaging is a type of packaging material made from sturdy and inflexible plastics like polyethylene, polypropylene, or polyethylene terephthalate (PET). It is lightweight, which helps reduce shipping costs and environmental impact. It can be molded into various shapes and sizes, allowing for custom packaging solutions. It provides excellent protection to the contents, making it ideal for safeguarding products during transportation and storage. It assists in enabling companies to create eye-catching packaging that enhances brand visibility. As it can effectively protect products from moisture, oxygen, and contaminants, extending shelf life and maintaining product quality, the demand for rigid plastic packaging is rising across the globe.
How Big Is the Rigid Plastic Packaging 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.
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What are the growth prospects and trends in the rigid plastic packaging industry?
The increasing environmental awareness among consumers is leading to a growing preference for sustainable packaging solutions. Rigid plastic packaging, which is recyclable and can be made from post-consumer recycled materials, aligns with these eco-conscious choices. In addition, ongoing innovations in plastic materials are improving the performance and sustainability of rigid plastic packaging. Manufacturers are developing lightweight yet robust materials, reducing material waste, and enhancing the overall environmental footprint.
Besides this, the rising number of e-commerce platforms are catalyzing the demand for secure and durable packaging. Rigid plastic packaging offers excellent protection during transit, making it a preferred choice for online retailers and consumers alike. Moreover, rigid plastic packaging ensures the integrity of food products by providing an effective barrier against moisture, oxygen, and contaminants. This, in turn, is extending the shelf life of perishable goods, meeting consumer demands for fresher products.
Apart from this, stringent regulations related to food safety, hygiene, and environmental impact are prompting companies to adopt packaging solutions that meet compliance standards, further contributing to the growth of the market. Furthermore, rigid plastic packaging is cost-effective in terms of production and transportation due to its lightweight nature. This cost efficiency appeals to businesses looking to optimize their supply chain operations.
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
Who are the key players operating in the industry?
The report covers the major market players including:
- 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.
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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