Posted by IMARC Group, a leading market research company, has recently releases report titled “Rigid Plastic Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global rigid plastic packaging market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Rigid Plastic Packaging Market?
The global rigid plastic packaging market size reached US$ 229.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 309.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
What is Rigid Plastic Packaging?
Rigid plastic packaging refers to containers or packaging materials that are made from solid and inflexible plastics. It can be manufactured from different types of plastics, including polyethylene terephthalate (PET), high-density polyethylene (HDPE), polypropylene (PP), and polystyrene (PS), which depends on the precise needs of the product and its intended use. It can be easily customized through molding and printing processes to incorporate branding elements and enhance product visibility on store shelves.
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What are the growth prospects and trends in the rigid plastic packaging industry?
The increasing demand for bottles, jars, containers, and bags for the packaging of different food products and beverages represents one of the primary factors driving the demand for rigid plastic packaging around the world.
Moreover, the rising consumption of beverages like soft drinks, energy drinks, fruit juices, and soda is favoring the growth of the market. In addition, the growing use of rigid plastic packaging in the pharmaceutical sector for the packaging of medicines and syrups to protect them from contamination is influencing the market positively.
Apart from this, the increasing usage of rigid plastic packaging in several personal care and cosmetic products like shampoo, conditioner, shower gels, body washes, lotions, and creams to protect them from light, air, and moisture is creating a positive outlook for the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Bottles and Jars
- Trays and Containers
- Caps and Closures
- Others
Breakup by Material:
- Polyethylene (PET)
- Polypropylene (PP)
- High Density Polypropylene (HDPE)
- Others
Breakup by Production Process:
- Extrusion
- Injection Molding
- Blow Molding
- Thermoforming
- Others
Breakup by End Use Industry:
- Food and Beverages
- Personal Care and Cosmetics
- Household
- Healthcare
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Who are the key players operating in the industry?
The report covers the major market players including:
ALPLA, Altium Packaging LLC, Amcor plc, Berry Global Inc., DS Smith plc, Graham Packaging Company, Pactiv Evergreen Inc., Plastipak Holdings Inc., Saudi Basic Industries Corporation (Saudi Arabian Oil Company), Silgan Holdings Inc., Sonoco Products Company and Winpak Ltd.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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