Rigid Plastic Packaging Market Growth Prospects, Competitive Analysis, Trend, Regulatory Landscape & Forecasts 2030

Rigid Plastic Packaging Market size was valued at USD 267.38 Billion in 2021 and is projected to reach USD 429.13 Billion by 2030, growing at a CAGR of 5.55% from 2022 to 2030.

There is an increasing awareness in consumers about rapidly growing environmental hazards due to harmful pollutants. People are giving preference to products that are packaged with sustainable raw materials over those that are packaged with non-recyclable raw materials. This gives potential growth opportunities for manufacturers of rigid plastic packaging. Bio-based materials are being used in the packaging industry, as they are created entirely or largely from biological resources that are renewable, such as sugarcane. Bio-based packaging materials can decompose in the open air or at an industrial composites plant. Rigid plastics can be used for making various products, as these materials are extremely lightweight and contribute to energy conservation.

Rigid plastic packaging as the name suggests refers to a type of packaging technique that involves the usage of plastic material. Rigid plastic material can be defined as the material that exhibits no elastic deformation and perfect plastic deformation and it has a relatively inflexible shape or form. Rigid plastic packaging comprises cups, bottles, closures, pots, and cans. Benefits offered by rigid plastic packaging are durability, cost, longevity, absorption of flavors, and lightweight. It is predominantly used in a wide range of applications in different industries such as food & beverages, pharmaceuticals, personal care, and many more.

The market is majorly driven by the escalating demand for bottles, jars, containers, and bags for the packaging of food and beverages. This can be attributed to the significant growth in the food and beverage (F&B) industry across the globe. In line with this, the augmenting consumption of packaged goods, coupled with the flourishing e-commerce industry, is providing an impetus to the market. The augmenting adoption of rigid plastic packaging for the protection of medicines from contamination is resulting in a higher product uptake in the healthcare sector. Also, the rising consumer awareness regarding biodegradable rigid plastic packaging is acting as a significant growth-inducing factor for the market.

Additionally, continual technological advancements in the automotive industry are creating a positive market outlook. Some of the other factors contributing to the market growth include stringent government regulations regarding product safety standards, expanding construction activities on the global level, rapid urbanization and industrialization, inflating disposable incomes of the masses, and extensive research and development (R&D) activities.

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Global Rigid Plastic Packaging Market: Major Players
Promens
Jokey Plastik
Resilux
Greiner Packaging International
Serioplast
APPE
Reynolds Group
Bemis
Plastipak
Graham Packaging
Constantia Flexibles
RPC group
Groupe Guillin
Berry Global
Amcor
Logoplaste
ILPA
Paccor Packaging Solutions
Alpla
Rexam
Sealed Air
Linpac Group
Coveris

Global Rigid Plastic Packaging Market: Types
Bioplastics
Polyethylene Terephthalate (PET)
Polyethylene (PE)
Polyvinyl Chloride (PVC)
Others

Global Rigid Plastic Packaging Market: Applications
Food & Beverages
Healthcare
Personal Care
Industrial Packaging
Others

Global Rigid Plastic Packaging Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Rigid Plastic Packaging market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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