Global Rigid Plastic Packaging Market Report and Forecast 2024-2032

Global Rigid Plastic Packaging Market Outlook

The global rigid plastic packaging market size reached a value of approximately USD 212.36 billion in 2023. The market is further expected to grow at a CAGR of 4.1% between 2024 and 2032, reaching a value of USD 304.28 billion by 2032.

Key Trends in the Market

Rigid plastic packaging refers to packaging that is typically made from plastic and is designed to be rigid so as to better protect items contained within the packaging. It utilises materials including polyethylene terephthalate, polypropylene, and high density polyethylene for packaging of containers and bottles, among others. Rigid plastic packaging is stronger, sturdier, and heavier than its counterparts and is often used for wrapping delicate products requiring enhanced protection. The significant benefits of this packaging include cost efficiency and longevity.

• The increasing adoption of rigid plastic packaging by the healthcare industry for packaging medicines is further expected to aid the growth of the market over the forecast period. This is due to their durable and long-lasting nature and their ability to protect medicines from damage or contamination.

• A key trend propelling the growth of the rigid plastic packaging market is the growing popularity of e-commerce industry among the consumers due to the convenience and wide range of product offerings of online stores, which is fuelling the demand for rigid plastic packaging to meet the growing requirements for sturdy packaging solutions by the e-commerce industry.

• Another crucial trend contributing towards the growth of the market for rigid plastic packaging is the increased global trade of consumer goods. Consumer goods required durable and sturdy packaging solutions, particularly when shipped long distances as the risk of the products getting damaged during transportation and storage is relatively high; this in turn is boosting the demand for the rigid plastic packaging market.

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Rigid Plastic Packaging Market Analysis

On the basis of material, the market is divided into polyethylene terephthalate (PET), polypropylene (PP), and high-density polyethylene (HDPE). Based on production process, the market is segregated into extrusion, injection moulding, blow moulding, and thermoforming. By end-user industry, the market is categorised into food and beverage, personal care, household, and healthcare, among others. On the basis of region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global rigid plastic packaging market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• ALPLA

• Amcor plc

• Berry Global, Inc

• DS Smith plc

• Klöckner Pentaplast

• Plastipak Holdings, INC.

• Pactiv Evergreen Inc.

• Sealed Air

• Silgan Holdings Inc.

• Sonoco Products Company

• Graham Packaging Company

• Consolidated Container Company

• Reynolds Group Ltd.

• Others

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Rigid Plastic Packaging Market Share by End-User Industry

The food and beverage end-user industry is anticipated to witness significant growth in the rigid plastic packaging market over the forecast period owing to increasing demand for containers, jars, and bottles by the food and beverage industry. Growing population levels, rising urbanisation, and increasing demands for packaged food and beverages is propelling the growth of the market for rigid plastic packaging. Moreover, busy work schedules and hectic lifestyles are increasing the utilisation of plastic containers for storing food and beverages. Rising environmental concerns are increasing the demands for long lasting packaging solutions further aiding the growth of the market for rigid packaging solutions as they are sturdy and last for longer durations of time.

Rigid Plastic Packaging Market Share by Region

The Asia Pacific region is expected to account for a significant portion of the market share for rigid plastic packaging by region over the forecast period owing to rapid urbanisation and industrialisation. The expansion of economic activities and economies in the region is expected to boost the growth of the rigid packaging market in countries such as India and China. Other factors propelling the growth of the market in the Asia Pacific include rising disposable incomes, growing manufacturing activities, and increasing levels of consumption. Meanwhile, in the Middle East and Africa, the Saudi Arabia rigid plastic packaging market is anticipated to witness growth over the forecast period due to growing personal care and food industries in the country.

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Competitive Landscape

ALPLA is a packaging and container manufacturing company that was established in 1955 and is based in Vorarlberg, Austria. Their specialities include injection moulding, bottles, injection blow moulding, closures, and caps. ALPLA is one of the leading companies in the packaging solutions sector and are renowned for producing high quality plastic packaging.

Amcor plc is a packaging and container manufacturing company that was founded in 1864 and is headquartered in Zurich, Switzerland. They produce rigid containers, flexible packaging, and speciality cartons for pharmaceuticals, home and personal care, and food and beverages, among others. Amcor is focused on making packaging that is lightweight, reusable, and recyclable and made from large amounts of recycled content.

Berry Global, Inc is a plastic manufacturing company that was established in 1967 and is currently based out of Indiana in the United States. The core divisions of the company include consumer packaging, engineered materials, and health, hygiene, and specialities. Berry Global is considered to be one of the world leaders in manufactured aerosol caps.

Other market players include DS Smith plc, Klöckner Pentaplast, Plastipak Holdings, INC., Pactiv Evergreen Inc., Sealed Air, Silgan Holdings Inc., Sonoco Products Company, Graham Packaging Company, Consolidated Container Company, and Reynolds Group Ltd., among others.

Key Highlights of the Report