Rigid Plastic Packaging Market to Surpass USD 224,324.15 Million by 2031, Propelled by Sustainable Solutions

"According to SNS Insider, the Rigid Plastic Packaging Market valued at USD 47,282.50 million in 2023, is anticipated to achieve a valuation of USD 224,324.15 million by 2031, experiencing a compound annual growth rate (CAGR) of 5.4% throughout the forecast period from 2024 to 2031"

Rigid Plastic Packaging Market Analysis & Report Scope:
The increasing adoption of rigid plastic packaging is fueled by several factors including the rise in organized retail, growth in the packaged food and beverage sector, changing lifestyles, urbanization, economic activity in emerging markets, and the proliferation of e-retail. Moreover, the projected global population increase and innovative packaging solutions like active packaging and bio-plastics are further propelling market growth. However, sustainability concerns and regulatory measures against single-use plastic present challenges.
The dominance of rigid plastic packaging is evident across segments like raw materials, production processes, product types, and applications. Rigid plastic products, particularly those made from polyethylene and polypropylene, hold a significant share due to their durability and barrier properties. Thermoforming and injection molding are the primary production processes, while bottles & jars and trays are leading product types. In applications, food & beverages and personal care segments lead the market due to hygiene and convenience factors.

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Major Players Listed in this Report are:
- Silgan Holdings
- Berry Plastics Corporation
- Amcor Limited
- Consolidated Container Company
- Pactiv Evergreen Inc
- Al Jabri Plastic Factory
- Sonoco Products Company
- SABIC
- Mauser Packaging Solutions
- Ball Corporation

Impact of Russia-Ukraine Conflict:
The ongoing conflict has significantly impacted exports of plastics, including resin, machinery, molds, and plastic goods, leading to a substantial decline in exports to Russia and Ukraine. This disruption has affected the supply chain and contributed to global market instability.

Market Segments:
The bio-plastics segment encompasses eco-friendly alternatives derived from renewable sources. Polyethylene terephthalate, polypropylene, and polyethylene are widely used in various industries due to their versatility and durability. Polystyrene and polyvinyl chloride find applications in packaging and construction. Expanded polystyrene offers lightweight insulation solutions. Different production processes like thermoforming, injection molding, extrusion, and blow molding cater to diverse manufacturing needs. Products range from bottles and jars to trays and rigid bulk items. Applications span across food and beverages, household products, healthcare, personal care, and more, reflecting the broad utility and demand for plastic-based solutions in modern society.

Rigid Plastic Packaging Market Key Segments:
By Raw Material
- Bioplastics
- Polyethylene Terephthalate
- Polypropylene
- Polyethylene
- Polystyrene
- Polyvinyl Chloride
- Expanded Polystyrene
- Others

By Product type:
- Bottle & Jars
- Trays
- Rigid Bulk Products
- Others

By Production Process:
- Thermoforming
- Injection Molding
- Extrusion
- Blow Molding
- Others

By Application:
- Food & Beverages
- Household
- Healthcare
- Personal Care
- Others

Impact of Economic Slowdown:
As consumer spending declines amid-st economic slowdowns, demand for goods packaged in rigid plastic containers may decrease, affecting market sales and manufacturer output. Cost-cutting measures may be implemented to mitigate the effects, impacting the overall industry performance.

Key Regional Development:
Asia Pacific dominates the market, driven by rapid development in China and India. However, Europe's growth is hindered by stringent regulations on plastic usage and sustainability concerns. China holds the largest market share, while India emerges as a rapidly growing market in the region.

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Key Takeaways:
1. The rigid plastic packaging market is witnessing robust growth driven by factors like urbanization, changing lifestyles, and the demand for sustainable solutions.
2. Asia Pacific leads the market, with China and India being key contributors to growth.
3. Sustainability initiatives and innovative solutions are shaping the future of the rigid plastic packaging industry.

Recent Developments:
- Lidl GB incorporates Prevented Ocean Plastic into its water bottles, emphasizing sustainability.
- Biffa's PET Recovery Plant in Washington has recycled 1,600 tons of plastic waste since 2022, highlighting efforts towards a circular economy.

Table of Contents - Key Points
1 Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2 Research Methodology
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4 Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.3 Impact of Covid-19
5 Value Chain Analysis
6 Porter's 5 forces model
7 PEST Analysis
8 Rigid Plastic Packaging Market Segmentation, By Raw Material
8.1 Bioplastics
8.2 Polyethylene Terephthalate
8.3 Polypropylene
8.4 Polyethylene
8.5 Polystyrene
8.6 Polyvinyl Chloride
8.7 Expanded Polystyrene
8.8 Others
9 Rigid Plastic Packaging Market Segmentation, By Product Type
9.1 Bottle & Jars
9.2 Trays
9.3 Rigid Bulk Products
9.4 Others
10 Rigid Plastic Packaging Market Segmentation, By Production Process
10.1 Thermoforming
10.2 Injection Molding
10.3 Extrusion
10.4 Blow Molding
10.5 Others
11 Rigid Plastic Packaging Market by Application
11.1 Food & Beverages
11.2 Household
11.3 Healthcare
11.4 Personal Care
11.5 Others
12 Regional Analysis
13 Company Profile
14 Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15 USE Cases and Best Practices
16 Conclusion

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Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US)

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