Rigid Plastic Packaging Market Size, Share, Analysis, Trends, Growth, 2032

Rigid Plastic Packaging Market Insights

According to Zion Market Research, the global Rigid Plastic Packaging Market was worth USD 231.88 Billion in 2023. The market is forecast to reach USD 367.57 Billion by 2032, growing at a compound annual growth rate (CAGR) of 4.7% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Rigid Plastic Packaging industry over the next decade.

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Global Rigid Plastic Packaging Market: Overview

Packaging is the method of packaging and the security of goods ready for delivery, shipment, final use and storage. Rigid plastics are the most hardened plastics used in a variety of uses for wrapping items or fabrics. They are widely favoured for industrial purposes due to properties such as easy to mould, lightweight, non-corrosive and inexpensive. In specific, rigid plastic packaging is used to maximize the shelf life of the product. Plastic packaging contains various styles such as ampoules, tubes, aluminum bottles, cans, jars, corrugated containers and aerosol containers.

Global Rigid Plastic Packaging Market: Growth Factors

Increased demand for biodegradable rigid plastic packaging is likely to fuel industry growth in the near future. In addition, the rise of the global rigid plastic packaging industry has also had a positive effect on people moving towards drinks and other household goods. In the other hand, rapidly growing urbanization still leads to the development of the sector. In addition, rising people's discretionary income would have a positive effect on consumer growth in the future.

Basic properties of rigid plastics, such as higher rigidity, barrier, and strength, improve the consumer demand for these plastics. Innovative packaging developments in the food and beverage business would drive the rigid plastic packaging market in the future. High competition for advanced rigid plastic packaging may, to some degree, impede the growth of the industry. In addition, the growing use of BisphenolA (BPA) in the manufacture of plastic products is also a big obstacle for the global demand for rigid plastic packaging.

Global Rigid Plastic Packaging Market: Segmentation

The global market for rigid packaging can be segmented into types such as paper, glass, metal, plastic, and others.

In this, plastic packaging is the dominant category due to its better-preserving characteristics.

The global industry is segmented into end-user applications such as consumer products, food and beverage, personal care, electronics, pharmaceuticals, and others.

In this, the food and beverage market is the leading end-user application group.

In addition, the pharmaceutical end-user application group is the second highest in the world market for rigid plastic packaging.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Rigid Plastic Packaging Market: Report Scope

Global Rigid Plastic Packaging Market: Regional Analysis

The Asia Pacific is emerging globally as a leading regional revenue segment. In addition, the rising demand for rigid plastics in China is also projected to boost the industry in the future. In addition, favorable growth in the food and beverage industry in China will expand the demand in the coming years. Europe is now showing significant market growth as a result of rising financial prosperity.

Global Rigid Plastic Packaging Market: Competitive Players

Some main participants of the rigid plastic packaging market are

• Graham Packaging Company Inc.
• Consolidated Container Co. LLC
• DS Smith
• Greiner Packaging International
• Amcor Rigid Plastics
• ALPLA Werke
• Berry Plastics Corporation
• Linpac Group. 

Other key players in the global market are 

• Toyo Seikan Kaisha
• Nampak Plastics Europe
• Zhuhai Zhongfu Enterprise Co. Ltd.
• Southeastern Container Inc.
• RPC Group PLC
• Silgan Plastics Corp.
• Serioplast SpA Ltd. 
• among others.

Major players in the global market are focusing on strengthening position in the target industry by applying various business strategies.

The rigid plastic packaging market is segmented as follows:

By Types

• Paper
• Glass
• Metal
• Plastic
• and Others

By End-user

• Consumer Usable Products
• Food and Beverage
• Personal Care
• Electronics
• Pharmaceutical
• and Others

Rigid Plastic Packaging Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa