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PUBLISHER: SkyQuest | PRODUCT CODE: 1607707

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PUBLISHER: SkyQuest | PRODUCT CODE: 1607707

Rigid Plastic Packaging Market Size, Share, Growth Analysis, By Type(Bottles, Jars), By Raw Material, By Production Process, By End Use, By Region - Industry Forecast 2024-2031

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Global Rigid Plastic Packaging Market size was valued at USD 215.5 billion in 2022 and is poised to grow from USD 226.70 billion in 2023 to USD 340.08 billion by 2031, growing at a CAGR of 5.5% in the forecast period (2024-2031).

The rigid plastic packaging market is witnessing significant growth, predominantly driven by the booming food and beverage sector. Key materials such as polypropylene (PP), high-density polyethylene (HDPE), and polyethylene terephthalate (PET) are favored for their strength and lightweight properties. These versatile materials cater to various industries, including food and beverage, agriculture, aerospace, automotive, and medical. The increasing demand for diverse packaging solutions like bottles, jars, fruit juice containers, food packaging, and gastronomic bags is propelling the rigid plastic packaging market forward. As consumer preferences evolve, the adaptability of rigid plastic packaging solutions positions them as essential tools for meeting the needs of various sectors, especially considering the ongoing expansion of the food and beverage industry.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Rigid Plastic Packaging market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Rigid Plastic Packaging Market Segmental Analysis

Global Rigid Plastic Packaging Market is segmented by Type, by Raw Material, by Production Process, by End Use and by Region. Based on Type, the market is segmented into Bottles & Jars, Rigid Bulk Products, Trays, Tubs, Cups, and Pots. Based on Raw Material, the market is segmented into Bioplastics, Polyethylene (PE), Polyethylene Terephthalate (PET), Polystyrene (PS), Polypropylene (PP), Polyvinyl Chloride (PVC), Expanded Polystyrene (EPS), Others (PC, Polyamide). Based on Production Process, the market is segmented into Extrusion, Injection Molding, Blow Molding, Thermoforming. Based on End Use, the market is segmented into Food, Beverages, Healthcare, Cosmetics & Toiletries, Industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Rigid Plastic Packaging Market

The growth of the Global Rigid Plastic Packaging market has been significantly influenced by the increasing demand from the healthcare sector. Healthcare companies utilize rigid plastic packaging to ensure the protection of medications from contamination, adhering to stringent international safety regulations. This form of packaging is highly valued for its robustness, lightweight nature, cleanliness, and transparency, making it suitable for storing medical supplies. Rigid plastic's versatility is also evident in its applications for products like medicine bottles, closures, and condiments like ketchup and syrup. For instance, Unilever's introduction of ice cream tubs made from recycled polypropylene under the Magnum brand exemplifies the industry's shift towards sustainability and the use of post-consumer recycled materials.

Restraints in the Global Rigid Plastic Packaging Market

The Global Rigid Plastic Packaging market faces challenges due to increasing environmental regulations imposed by governments in developing nations. These authorities are prioritizing sustainability and are implementing measures that restrict companies from sourcing raw materials that do not meet environmental standards. As a consequence, the cost of these compliant materials is expected to rise, which will subsequently elevate operational expenses for businesses in the sector. This increase in costs can lead to diminished revenues, adversely affecting the overall profitability of the rigid plastic packaging market. Consequently, these environmental-focused regulations pose significant restraints on market growth and economic viability.

Market Trends of the Global Rigid Plastic Packaging Market

The Global Rigid Plastic Packaging market is increasingly influenced by the growing trend toward sustainability, driven by heightened awareness of climate change and its environmental impacts. Consumers and brands alike are prioritizing eco-friendly solutions, prompting manufacturers to innovate with sustainable materials and production processes. The demand for packaging that is reusable, recyclable, or biodegradable is surging, as businesses seek to reduce their carbon footprint and appeal to environmentally conscious consumers. This shift not only aligns with regulatory pressures but also enhances brand loyalty and market competitiveness, positioning sustainable rigid plastic packaging as a pivotal element in the industry's future growth and transformation.

Product Code: SQMIG15E2333

Table of Contents

Introduction

  • Objectives of the Study
  • Scope of the Report
  • Definitions

Research Methodology

  • Information Procurement
  • Secondary & Primary Data Methods
  • Market Size Estimation
  • Market Assumptions & Limitations

Executive Summary

  • Global Market Outlook
  • Supply & Demand Trend Analysis
  • Segmental Opportunity Analysis

Market Dynamics & Outlook

  • Market Overview
  • Market Size
  • Market Dynamics
    • Driver & Opportunities
    • Restraints & Challenges
  • Porters Analysis & Impact
    • Competitive rivalry
    • Threat of substitute
    • Bargaining power of buyers
    • Threat of new entrants
    • Bargaining power of suppliers

Key Market Insights

  • Key Success Factors
  • Degree of Competition
  • Top Investment Pockets
  • Market Ecosystem
  • Market Attractiveness Index, 2023
  • PESTEL Analysis
  • Macro-Economic Indicators
  • Value Chain Analysis
  • Pricing Analysis
  • Technological Advancement
  • Regulatory Landscape
  • Case Studies

Global Rigid Plastic Packaging Market Size by Type & CAGR (2024-2031)

  • Bottles & Jars.
  • Rigid Bulk Products
  • Trays
  • Tubs, Cups, and Pots

Global Rigid Plastic Packaging Market Size by Raw Material & CAGR (2024-2031)

  • Bioplastics
  • Polyethylene (PE)
  • Polyethylene Terephthalate (PET)
  • Polystyrene (PS)
  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Expanded Polystyrene (EPS)
  • Others
    • PC
    • Polyamide

Global Rigid Plastic Packaging Market Size by Production Process & CAGR (2024-2031)

  • Extrusion
  • Injection Molding
  • Blow Molding
  • Thermoforming

Global Rigid Plastic Packaging Market Size by End Use & CAGR (2024-2031)

  • Food
  • Beverages
  • Healthcare
  • Cosmetics & Toiletries
  • Industrial

Global Rigid Plastic Packaging Market Size by Region & CAGR (2024-2031)

  • North America, (by Type, by Raw Material, by Production Process, by End Use)
    • US
    • Canada
  • Europe, (by Type, by Raw Material, by Production Process, by End Use)
    • UK
    • Germany
    • Spain
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific, (by Type, by Raw Material, by Production Process, by End Use)
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America, (by Type, by Raw Material, by Production Process, by End Use)
    • Brazil
    • Rest of Latin America
  • Middle East & Africa, (by Type, by Raw Material, by Production Process, by End Use)
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Competitive Intelligence

  • Top 5 Player Comparison
  • Market Positioning of Key Players, 2023
  • Strategies Adopted by Key Market Players
  • Recent Developments in the Market
  • Company Market Share Analysis, 2023
  • Company Profiles of All Key Players
    • Company Details
    • Product Portfolio Analysis
    • Company's Segmental Share Analysis
    • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

  • Amcor Plc
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Sealed Air Corporation
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Huhtamaki Oyj
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Silgan Holdings Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Sonoco Products Company
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • DS Smith Plc
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • ALPLA Werke Alwin Lehner GmbH & Co KG
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Crown Holdings Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Plastipak Holdings Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Printpack Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Winpak Ltd.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • AptarGroup Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Tekni-Plex Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments

Conclusion & Recommendation

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