What Is The Current and Historic Market Size Analysis Of The Rigid Plastic Packaging Market?
The rigid plastic packaging market has seen considerable growth due to a variety of factors.
• Over the past few years, the rigid plastic packaging market has seen consistent growth. The market is expected to expand from a size of $228.97 billion in 2024 to $238.46 billion in 2025, with a compound annual growth rate (CAGR) of 4.1%. The growth during the historic period has been driven by factors such as cost efficiency, durability and protection, adaptability, lightweight characteristics, barrier properties, and consumer convenience.
What are the Market Size and Expected Growth Rates for the Rigid Plastic Packaging Market?
The Rigid Plastic Packaging market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for rigid plastic packaging is projected to witness consistent expansion in the coming years. The market value is set to rise to $283.34 billion by 2029, recording a compound annual growth rate (CAGR) of 4.4%.
The anticipated growth during this forecast period is ascribed to factors such as sustainability efforts, e-commerce escalation, customization and branding, regulatory aligning, amplified emphasis on the circular economy, and evolving consumer preferences. Key trends for this forecast period encompass sustainable packaging solutions, innovative packaging patterns, circular economy efforts, conformity with regulatory norms and standards, progress in material technology, and the digital transformation in the packaging industry.
Which Key Drivers Are Propelling The Rigid Plastic Packaging Market's Growth?
The growth of the rigid plastic packaging market is anticipated to be propelled by the escalating demand from end-user sectors such as the food and beverage industry. The industry encapsulates all enterprises involved in the processing, packaging, and supply of raw food. The utilization of rigid plastic packaging augments product longevity ensuring food conservation and longer shelf life. Consequently, the burgeoning demand from end-user sectors such as the food and beverage industry is predicted to stimulate the rigid plastic packaging market's growth. For example, data from the Agriculture and Agri-Food Department of a government unit in Canada reported that in the year 2022, exports of processed food and beverage commodities reached a record-breaking $54.3 billion, reflecting a 14.1% surge from the preceding year and accounting for 34.7% of the entire production value. Therefore, the rising demand from end-user sectors such as the food and beverage industry is steering the growth of the rigid plastic packaging market.
What Are The Key Segments Within The Global Rigid Plastic Packaging Market?
The rigid plastic packaging market covered in this report is segmented –
1) By Product Type: Boxes, Bottle And Jars, Cans, Blister Packs, Clamshells, Trays, Intermediate Bulk Container( IBCs), Other Product Types
2) By Material: Polyethylene, Polypropylene, High Density Polypropylene, Other Materials
3) By Manufacturing Process: Extrusion, Injection Molding, Other Manufacturing Process
4) By End-User: Food And Beverages, Personal Care, Household, Healthcare, Other End-Users
Subsegments:
1) By Boxes: Corrugated Boxes, Folding Boxes, Die-Cut Boxes
2) By Bottles And Jars: PET Bottles, HDPE Bottles, Glass Jars, Plastic Jars
3) By Cans: Aluminum Cans, Steel Cans, Plastic Cans
4) By Blister Packs: Thermoformed Blister Packs, Cold-Formed Blister Packs
5) By Clamshells: Hinged Clamshells, Snap-Fit Clamshells
6) By Trays: Rigid Trays, Blister Trays, In-Mold Labeling Trays
7) By Intermediate Bulk Containers (IBCs): Rigid IBCs, Flexible IBCs
8) By Other Product Types: Tubes, Pails, Containers With Lids
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How Are New Trends Impacting The Size Of The Rigid Plastic Packaging Market?
The key trend gaining traction in the rigid plastic packaging market is technological development. Many prominent companies in this market are emphasizing new technology development. For instance, Amcor Plc., a global packaging company based in Australia, released the DairySeal line of packaging featuring ClearCor, an innovative polyethylene terephthalate (PET) barrier in September 2022. The distinct aspect of ClearCor PET barrier technology is its concentrated encapsulation at the preform's center, paving the way for greater flexibility and expansion in resin options. This approach enhances recyclability while boosting the overall effectiveness of the package's barrier.
Who Are the Key Players In The Rigid Plastic Packaging Market?
Major companies operating in the rigid plastic packaging market include:
• Berry Global Inc.
• Amcor Plc
• Silgan Holdings Inc.
• Pactiv Evergreen Inc.
• Al Jabriplastic Group
• Sealed Air Corporation
• Takween Advanced Industries Company
• Plastipak Holdings Inc.
• Anchor Packaging LLC
• ALPLA Group GmbH & Co. KG
• Sonoco Products Company
• Klöckner Pentaplast Group GmbH
• Gerresheimer AG
• Consolidated Container Co. LLC
• Winpak Ltd.
• Graham Packaging Company Inc.
• IPL Plastics Inc.
• M&H Plastics Limited
• Placon Corporation
• Printpack Incorporated
• Ring Container Technologies LLC
• Tekni-Plex Inc.
• Polypack Inc.
• Hedwin Corporation
What Are The Regional Insights Into The Rigid Plastic Packaging Market?
Asia-Pacific was the largest region in the rigid plastic packaging market in 2024. The regions covered in the rigid plastic packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
