Report Code : BII980 Jan-2022 Consumer Goods & Services Format : PDF Pages : 205
Strong demand in major Asia-Pacific regions such as India and China, as well as rising demand from the food and beverage packaging industries, are driving the worldwide rigid plastic packaging market. Rigid plastic packaging solutions are environmentally friendly, cost-effective, and long-lasting. The two primary types of packaging are rigid packaging and flexible packaging. The rigid plastic packaging business has essentially supplanted traditional packaging forms such as glass bottles and jars, cartons, and metal cans. Rigid plastic packaging is typically preferred over traditional pack types for a variety of reasons, including reduced weight, lower comparative cost, design flexibility, and ease of recycling.
In the future, rising demand for biodegradable rigid plastic packaging is likely to drive market expansion. Additionally, the shift toward beverages and other household care goods benefits the rigid plastic packaging sector. Furthermore, rising urbanization leads to market expansion. Furthermore, rising disposable income will have a beneficial impact on market growth in the near future. The increasing demand for rigid plastic packaging from the healthcare industry is also one of the important elements driving market expansion in recent years. Rigid plastic assists healthcare organizations in protecting medicines from contamination. The packaging of medical products must meet worldwide regulatory standards for safety. As a result, the features of rigid plastic, as well as its durability, lightweight, cleanliness, and transparency, make it an ideal choice for keeping medical equipment. Demand for bicycle wheels, containers, and electrical switches is driving the worldwide rigid plastic packaging industry forward. Furthermore, the expansion of the automotive industry is expected to boost the market growth.
According to Business Intelligence Insights “Global Rigid Plastic Packaging Market is expected to grow from USD 195.8 billion in 2021 to USD 278.4 billion by 2030, at a CAGR of 4.5% during the forecast period 2022-2030.
The rapidly spreading coronavirus has had a devastating impact on all industries and manufacturing firms worldwide. The rigid plastic packaging market has suffered greatly as a result of protracted lockdowns and interrupted supply chains. During the COVID-19 epidemic, producers faced difficult difficulties due to decreased output of rigid plastic material for packaging. Key industry participants are looking for ways to overcome problems in the rigid plastic packaging market. Market participants are effortlessly contributing to the establishment of their enterprises in order to keep the economy functioning in the midst of the ongoing pandemic. Market participants in the rigid plastic packaging market are expanding their manufacturing capacity in order to obtain a competitive advantage following the breakdown of COVID-19.
However, during this time, bioplastics are widely used. People prefer Bioplastics to protect and preserve food and vegetables. The demand for rigid plastic packaging is enormous, ranging from catering to the healthcare sector. During this time, the market's demand increases by 20%. The most stringent plastic standards apply to critical services. PPE, pumps, and oxygen containers benefit from rigid plastic packing. In recent years, many sectors have prioritized rigid plastic packaging.
Bottles & Jars category dominated the market with a major share of the market share
In terms of value, the bottles and jars category held the largest share of the rigid plastic packaging market throughout the projected period and is expected to grow at the quickest CAGR. Rigid plastic bottles are used to package water, juices, carbonated soft beverages, cosmetics, culinary goods, personal care products, and pharmaceuticals. Most of these bottles and jars are made of PET, PE, PP, HDPE, PS, or PVC. The growing retail industry, along with increased consumer disposable income. Market expansion is being driven by rising population, urbanization, and increased demand for beverages and home care products.
Extrusion category dominated the market with a major share of the market share
The extrusion segment is likely to lead the rigid plastic packaging market over the forecast period. The method enables manufacturers to generate parts and products with a wide range of die profiles, from simple to exceedingly sophisticated continuous cross-sections. The extruded roll stock is ready for thermoforming and does not need to cure. Because thermoplastics are regularly used in the extrusion process and can be repeatedly melted, molded, and hardened, the overall material and disposal costs for an extrusion operation are lower than those for conventional molding procedures.
• Bottles & Jars
• Rigid Bulk Products
• Tubs, Cups, & Pots
By Raw Material
• Polyethylene (PE)
• Polyethylene Terephthalate (PET)
• Polystyrene (PS)
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Expanded Polystyrene (EPS)
• Others (PC, Polyamide)
By Production Process
• Injection Molding
• Blow Molding
• Cosmetics & Toiletries
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
o Rest of Latin America
• Middle East and Africa
o South Africa
o Rest of Middle East and Africa (MEA)
List of Key Players in the Global Rigid Plastic Packaging Market:
• Amcor (Switzerland)
• Berry Global Group Inc. (US)
• Pactiv LLC (US)
• Silgan Holdings (US)
• Sonoco Products Company (US)
• ALPLA-Werke (Austria)
• SABIC (Saudi Arabia)
• Plastipak Holdings (US)
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Asia Pacific dominated the market with a major share of the market share
The Asia-Pacific region accounts for the majority of the market share. This is primarily owing to India's and China's emerging economies. The market is expected to expand due to the increased use of rigid plastic packaging in the food, beverage, and healthcare industries. Factors such as rising disposable income, rising consumer expenditure, and a growing population are projected to enhance demand for consumer goods, which will support the expansion of the Asia-Pacific plastic packaging market. Furthermore, the rise of nations such as India, China, and Indonesia propels the Asia-Pacific region to dominate the worldwide beauty and personal care packaging demand.
|Market Size Value in 2021||USD 195.8 billion|
|Market Size Value in 2030||USD 278.4 billion|
|Forecast Units||(USD Billion)|
|Countries Covered||North America: U.S and Canada Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific Latin America: Brazil, Mexico Middle East And Africa: Saudi Arab, South Africa, UAE|
|Segments Covered||By Type, By Raw Material, By Production Process, By Application, By Region.|
|Competitive landscape||Leading companies, Competitive strategies and Consumer engagement scope|
|Customization is available||If our report does not contain the information you require, you can contact our experts to have segments created for you. Please contact us at firstname.lastname@example.org if you have any questions|