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The latest report by IMARC, titled “ RigidPlasticPackagingMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandForecas t2023-2028
” the global rigid plastic packaging market size reached US$ 229.3 Billion in 2022.
Rigid plastic packaging includes bottles, jars, cups, trays, and containers made from durable and inflexible plastic materials such as polyethylene terephthalate (PET), polyethylene (PE), polypropylene (PP), polystyrene (PS). It can maintain its shape and structure, offering excellent resistance to impact, crushing, and deformation, providing a robust and protective enclosure for various products. In addition to this, rigid plastic packaging provides a barrier against moisture, gases, and contaminants, thus preserving the quality and freshness of packaged products.
It can also be easily customized through various printing and labeling techniques, enabling companies to showcase their brand logos, product information, and attractive designs. As a result, rigid plastic packaging is extensively used across the food and beverages (F&B), pharmaceuticals, cosmetics, and consumer goods industries.
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Widespread product utilization across the bolstering F&B industry, as they offer excellent protection and safety for products, preventing damage, contamination, and spoilage, represents the key factor driving the market growth. Besides this, rigid plastic packaging offers convenience, portability, and ease of use, making it a popular solution among consumers for on-the-go snacking. Moreover, the flourishing growth of the e-commerce industry, which requires secure and durable packaging solutions to protect products during transportation, is presenting remunerative growth opportunities for the market. Concurrent with this, the increasing demand for safe, tamper-proof, and contaminant-free packaging solutions from the thriving pharmaceutical industry to protect sensitive drugs and ensure patient safety is aiding in market expansion.
In addition to this, the surging product demand for its versatility in design, shape, and size, allowing for customized packaging solutions and appealing product presentations to enhance brand visibility, is acting as a significant growthinducing factor. Furthermore, ongoing technological advancements in the plastic manufacturing technologies, such as injection and blow molding, resulting in improved product quality, cost-effectiveness, and faster production cycles, are contributing to the market growth. Looking forward, the market value is projected to reach US$ 309.1 Billion by 2028, expanding at a CAGR of 4.9% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary:
BreakupbyProduct:
• Bottles and Jars
• Trays and Containers
• Caps and Closures
• Others
BreakupbyMaterial:
• Polyethylene (PET)
• Polypropylene (PP)
• High Density Polypropylene (HDPE)
• Others
BreakupbyProductionProcess:
• Extrusion
• Injection Molding
• Blow Molding
• Thermoforming
• Others
BreakupbyEndUseIndustry:
• Food and Beverages
• Personal Care and Cosmetics
• Household
• Healthcare
• Others
BreakupbyRegion:
• 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
CompetitiveLandscapewithKeyPlayers:
• 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.
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https://www.imarcgroup.com/rigid-plastic-packaging-market
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