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 refers to a type of packaging material characterized by its inflexible structure, typically made from various types of polymers. It comprises various types of containers and bottles commonly used for packing liquid, semi-liquid, and dry products. It also consists of trays and clamshells, which are employed in the food industry for packaging fruits, vegetables, and ready-to-eat meals. It includes tubs and cups, which are widely used for packaging dairy products, snacks, and desserts. It also encompasses blister packs, which are formed by combining a plastic cavity with a paper or aluminum backing. It is commonly manufactured from polymers such as polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), and polystyrene (PS). It provides robust protection, safeguarding products from physical damage during transportation and storage. It can be molded into various shapes and sizes, allowing for customization based on the specific requirements of the product. Rigid plastic packaging often has excellent barrier properties, protecting contents from moisture, air, and light, thereby extending the shelf life of various perishable products. It is primarily transparent, allowing people to view the product inside, enhancing aesthetics, and providing a clear view of the contents. It is lightweight, easy to handle, and often features user-friendly designs, enhancing convenience. It is also considered cost-effective, making it an economically viable choice for businesses.

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?

At present, the increasing demand for recyclable rigid plastic packaging due to heightened environmental awareness, prompting both individuals and regulatory bodies to scrutinize the ecological impact of packaging materials, represents one of the crucial factors impelling the growth of the market. Manufacturers are also investing in research and development (R&D) to innovate sustainable materials, such as bio-based plastics and recyclable resins, aligning their offerings with the circular economy. Besides this, technological advancements are facilitating the production of novel materials and manufacturing processes that enhance packaging efficiency, durability, and aesthetics. Smart packaging solutions, integrating technologies like radio-frequency identification (RFID) and near-field communication (NFC), are gaining traction, providing brands with opportunities for improved supply chain visibility and engagement.

The advancements in barrier technologies also contribute to extending the shelf life of products, addressing both food waste concerns and demand for fresher products. In addition, the growth in online shopping is translating into an increased demand for packaging that ensures product safety during transit. Rigid plastic packaging, with its durability and protective qualities, is becoming a preferred choice for e-commerce companies as it retains the quality of the products till they reach the buyer.

Apart from this, the increasing demand for convenient food products that are appropriate for on-the-go consumption is facilitating the development of innovative packaging formats, such as resealable closures, single-serve packaging, and portion-controlled packaging. Additionally, the rising utilization of rigid plastic packaging for packing various skin and hair care products, as they prevent leakage and do not react with the chemicals present in the products, is bolstering the market growth.

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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