The global rigid plastic packaging market size was estimated at USD 175.59 billion in 2022 and is expected to reach around USD 258.65 billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 4% over the forecast period 2023 to 2032.
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For the packaging of new bottles and containers, rigid plastic packaging uses plastic materials including polypropylene (PP), high-density polyethylene (HDPE), and polyethylene (PET). These materials are lightweight and enduring. Packaging made of polyethylene and polypropylene may be used in a variety of sectors, including food and beverage, agricultural, aerospace, automotive, and medical. The food and beverage industry's explosive growth is a significant factor in the rigid plastic packaging market's rise since it increases demand for bottles, fruit jars, juice containers, food packaging containers, and gastronomic bags. For instance, by 2021, the U.S. hotel market has grown to almost $154.34 billion. Increased demand for electronics switches, containers, and bicycle wheels is further boosting the growth of the global market for rigid plastic packaging. Additionally, market expansion is predicted to be fueled by the expansion of the automotive sector. For instance, Trading Economics predicts that from 2021 to 2023, Mexico's automobile output would increase at a pace of 43.12%. Due to the increased need for plastic packaging systems, rigid plastic packaging solutions are also employed in a variety of industrial verticals, including agriculture, medicine, personal care, and pharmaceuticals.
However, it is projected that strict government restrictions on the use of plastic and fluctuations in the price of raw materials would impede the expansion of the world market for rigid plastic packaging. On the other hand, it is predicted that the increase in e-commerce sales would create profitable chances for the market's expansion.
The growing need for rigid plastic packaging is a result of the expansion of the food and beverage, healthcare, personal care, and other sectors on a global scale. In these businesses, rigid plastic packaging offers qualities including sturdiness, low weight, and flexible packaging. Several processes, including extrusion, injection molding, blow molding, thermoforming, and others are used to create these packing components. To keep the products, secure for a longer period of time, stiff plastic packaging produced from materials like polyethylene, expanded polystyrene, and others is used. Additionally, one of the key factors fueling the expansion of the rigid plastic packaging market is the increase in packaged goods sales, which is a result of changing lifestyles.
Report Scope of the Rigid Plastic Packaging Market
|Market Size in 2023||
USD 181.73 Billion
|Market Size by 2032||
USD 258.65 Billion
|Growth Rate from 2023 to 2032||CAGR of 4%|
|Forecast Period||2023 to 2032|
|Segments Covered||Type, Production Process, Material, End User, and Geography|
|Companies Mentioned||ALPLA-Werke Alwin Lehner GmbH & Co KG, Amcor Limited, DS Smith Plc, Berry Plastics Corporation, Klöckner Pentaplast, Plastipak Holdings, Inc., Pactiv Evergreen Inc, Sealed Air Corporation, Silgan Holdings, Inc., Sonoco Products Company.|
Key Market Opportunities
Surging Demand for Rigid Plastic Packaging in Cosmetics & Personal Care
Use of fiber-based material for packaging
In terms of value, the bottles and jars category accounted for the biggest market share in the rigid plastic packaging industry in 2022, and it is anticipated to expand at the second-highest CAGR over the forecast period. Water, juice, carbonated soft drinks, cosmetics, food, personal care, and pharmaceutical goods are just a few of the things that are packaged in rigid plastic bottles. These bottles and jars are mostly constructed out of PET, PE, PP, HDPE, PS, and PVC. The expanding retail sector in addition to customers' rising disposable money. The market is expanding due to the increased demand for drinks and home care goods as well as the growing urbanization and population.
Production Process Insights
During the anticipated period, the extrusion segment is anticipated to dominate the rigid plastic packaging market. The method allows for the creation of components and products with a range of straightforward to extremely complicated continuous cross-sections by accommodating a wide range of die profiles. The extruded rolling stock doesn't need to cure before thermoforming. The overall materials and waste costs for an extrusion operation are cheaper than those of other molding processes because thermoplastics—which may repeatedly go through the melting, moulding, and hardening operations—are frequently used in extrusion processes.
In 2022, the rigid plastic packaging market's greatest share belonged to the polypropylene (PP) material category. In comparison to other plastic materials like polystyrene (PS), polyethylene terephthalate (PET), and others, polypropylene offers superior barrier qualities, improved surface polish, cheap cost, and high tensile strength.
These features make polypropylene an ideal material for a range of packaging applications. Some of the expanding uses for polypropylene include medicine bottles, ketchup and syrup containers, and bottle caps and closures. The market for rigid plastic packaging will thus continue to increase over the projected period as a result of the rising demand for the polypropylene (PP) material.
End User Insights
The market for rigid plastic packaging was dominated by the food and beverage sector in 2022, and it is anticipated to expand at a CAGR of 5.35% from 2023 to 2032. The stiff plastic packaging gives the containers qualities like taste absorption, durability, lifespan, and low weight. Bottles, cans, jars, and other rigid plastic packing containers keep the food item secure and free from contamination. In developing nations including the United States, Canada, China, India, and other nations, the need for rigid plastic packaging is rising quickly. The need for rigid plastic packaging is rising as the food and beverage sector expands.
Rigid Plastic Packaging Market Share, By Region, 2022 (%)
|Regions||Revenue Share in 2022 (%)|
In 2022, the Asia Pacific area held the greatest share, and it is anticipated that it would continue to hold that position during the projection period. The rigid plastic packaging industry is predicted to grow rapidly in nations like China and India due to their expanding economies and expanding economic activity. In addition, these nations' expanding populations provide a sizable market for FMCG goods and consumer durables, which is anticipated to fuel the expansion of the rigid plastic packaging industry.
The market for rigid plastic packaging has expanded due to important reasons such industrialization, the expansion of the convenience food business, expanding manufacturing activities, rising disposable income, rising consumption levels, and rising e-retail sales during the past several years.
Key market players
Segments covered in the report
By Production Process
By End User
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