The global demand for Rigid Plastic Packaging Market is presumed to reach the valuation of nearly USD 641.87 MN by 2030 from USD 359.9 MN in 2022 with a CAGR of 7.5% during the period of 2023-2030. Regarding volume, the market was calculated XX Million Metric Tons in 2022 and forecast to touch XX Million Metric Tons by 2030 with a CAGR of XX% during 2023-2030
Rigid plastic packaging only involves using plastic material for packaging purposes as plastic material is flexible so the packaging can be done in any shape and form. Plastic packaging is used in various end-user industries such as personal care, food & beverages, household, electronic items industry, healthcare, and many more. The rigid plastic packaging has various benefits, such as it is lightweight, supple, and durable. Also, rigid plastic packaging improves the shelf life of food by keeping the goods safe for an extended period of time. These days, the changing lifestyle and growing consumer spending on packed goods and food items are factors that create a huge demand for rigid plastic packaging in the forecast period.
Market Dynamics
The growing consumption of consumer goods across the globe creates a huge demand for rigid plastic packaging. The consumer-packaged-goods (CPG) industry has noticed considerable growth over the past few years, particularly in the developing nations due to factors such as a rise in disposable income and growing spending on consumer goods. The consumer goods industry comprises the broad range of wholesale and retail products that consumers purchase, such as clothing, food, clothing, electronics, and luxury items. Furthermore, the rising food industry and the growing recycling rate of plastic packaging materials have gained considerable attention globally, which is driving the market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of rigid plastic packaging.
Market Segmentation
The entire rigid plastic packaging market has been sub-categorized into product type, production process, raw material, application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Type
- Bottles & Jars
- Rigid Bulk Products
- Trays
- Tubs, Cups, And Pots
By End Use Industry
- Food
- Beverages
- Healthcare
- Cosmetics & Toiletries
- Industrial
By Raw Material
- Bioplastics
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Expanded Polystyrene (EPs)
- Others (PC, Polyamide)
By Production Process
- Extrusion
- Injection Molding
- Blow Molding
- Thermoforming
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for rigid plastic packaging market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Rigid Plastic Packaging Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the rigid plastic packaging market include Amcor Ltd. (Switzerland), Berry Global Group Inc. (US), Pactiv LLC (US), Silgan Holdings Inc. (US), Sonoco Products Company (US), DS Smith Plc (UK), ALPLA (Austria), SABIC (Saudi Arabia), Al Jabri Plastic Factory (UAE), Takween Advanced Industries (Saudi Arabia), Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.