The Rigid Plastic Packaging Market size was USD 147282.50 million in 2023, as per SNS Insider report and growing at a CAGR of 5.4% over the forecast period of 2024-2031.
The rigid plastic packaging market is driven by strong demand from the food & beverage industry due to plastic’s affordability and ability to preserve food freshness. Personal care and cosmetics are also fueling the growth due to rising consumer focus on hygiene and aesthetics. The growing middle class with more disposable income and a larger aging population requiring more medication further increase the demand for packaged goods and hence propelling the rigid plastic packaging market expansion. But sustainability concerns are pushing the market towards eco-friendly alternatives. And Bpacks’ recent launch of bark-based packaging shows this shift. Also, stricter regulations like the EU’s mandate for biodegradable packaging within five years help a move away from traditional plastics. Companies like Unilever are making significant progress in reducing virgin plastic use and using recycled plastic (PCR) into their packaging. They’ve also explored alternative materials like paper with edible coatings and minimize plastic use by using laundry sheets in cardboard boxes.
Biodegradable and compostable materials are derived from starch and cellulose are being explored for the future. And chemical recycling offers the potential to create a closed-loop system for plastic use. Smart packaging with features like color-changing indicators to signal product quality is another emerging trend. Standcap pouches, for example, have been shown through life cycle assessments to use less plastic and create a smaller environmental footprint compared to rigid plastic bottles for similar products. These advancements highlight the rigid plastic packaging market is focusing in adapting to meet both consumer demand and environmental concerns.
Download Free Sample Report of Rigid Plastic Packaging Market @https://www.snsinsider.com/sample-request/2848
List of Rigid Plastic Packaging Market Companies Profiled in Report:
- Silgan Holdings
- Berry Plastics Corporation
- Amcor Limited
- Consolidated Container Company
- Pactiv Evergreen Inc
- Al Jabri Plastic Factory
- Sonoco Products Company
- SABIC
- Mauser Packaging Solutions
- Ball Corporation
Recent Developments
- At the Elite Injection & PET Summit in October 2023, Creative Propack showcased their commitment to sustainability by highlighting their newly launched rHDPE, rPP and rPET bottles. These bottles are made from recycled materials offering eco-friendly packaging solutions for their clients.
Segment Analysis
By Raw Material: Polypropylene leads the raw material segment. This dominance is because of its superior qualities compared to other options. PP offers good barriers to protect contents, a polished surface and impressive strength.
- Bioplastics
- Polyethylene Terephthalate
- Polypropylene
- Polyethylene
- Polystyrene
- Polyvinyl Chloride
- Expanded Polystyrene
- Others
By Product type: Based on product type, bottles and jars lead in the rigid plastic packaging market. This is due to affordability, lightweight design and durability compared to glass. Cups are another significant segment due to the popularity in cafes and fast-food chains in North America and Europe.
- Bottle & Jars
- Trays
- Rigid Bulk Products
- Others
By Production Process: The extrusion processing holding the dominant position with largest market share. This dominance is because of its use in creating large amount of flexible packaging options like pouches, bags and films.
- Thermoforming
- Injection Molding
- Extrusion
- Blow Molding
- Others
By Application: Food & beverages industry is leading in the application segment. The affordability of plastic and protection to food from contamination make it perfect choice for food and beverages industry. The personal care segment is expected to see significant growth due to increasing consumer focus on hygiene and grooming.
- Food & Beverages
- Household
- Healthcare
- Personal Care
- Others
Have Any Query? Ask Our Experts @https://www.snsinsider.com/enquiry/2848
Regional Insights
The Asia-Pacific region dominates the rigid plastic packaging market due to its booming economies, large and growing populations. This growth is further fueled by rapid industrialization, convenience food popularity and e-commerce sales. To address this evolving market manufacturers are introducing innovative packaging formats and functionalities to meet consumer preferences across various segments. Increasing soft drink consumption in China acts as a major driver for the rigid plastic packaging market’s expansion.
Europe holds the second-largest share of rigid plastic packaging market due to its stricter regulations and growing focus on sustainability. The European parliament has mandated increased recycled content and ambitious collection targets for plastic bottles.
Key Takeaways
- Growing consumer focus on hygiene and aesthetics is boosting demand for rigid plastic packaging.
- Increased spending and need for medication lead to more packaged goods.
- The food & beverage industry is the leader due to plastic’s affordability and ability to protect food from contamination.
- Smart packaging with features like color-changing indicators can enhance functionality and consumer experience.
- Standcap pouches demonstrate the potential of alternative packaging formats with lower environmental impact.
Rigid Plastic Packaging Market Report @https://www.snsinsider.com/checkout/2848
Our Trending Related Report:
Sustainable Plastic Packaging Market
Petrochemical Packaging Market
Antimicrobial Packaging Market
About US:
SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.
We assist our clients to anticipate industrial, economic, and consumer trends to drive disruptive change by fusing global experience with local information from experts throughout the world. We bring context to strategic and tactical data by bridging approaches based on data science and field research, assisting you in addressing your most pressing problems and spotting possibilities.
Contact Us:
Akash Anand – Head of Business Development & Strategy
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)