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2025-2034 Rigid Plastic Packaging Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.What Is the Expected CAGR for the Rigid Plastic Packaging Market Through 2025?
The size of the rigid plastic packaging market has seen consistent growth in the past few years. The market is expected to expand from a value of $228.97 billion in 2024 to $238.46 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.1%. The growth witnessed in the historic period can be traced back to factors such as cost-effectiveness, durability and protection, versatility, lightness in weight, barrier properties, along with consumer convenience.
What's the Projected Size of the Global Rigid Plastic Packaging Market by 2029?
Anticipated to enjoy consistent growth in the coming years, the rigid plastic packaging market is forecasted to reach a valuation of $283.34 billion by 2029, expanding at a CAGR of 4.4%. Factors contributing to progress over the anticipated period include sustainability projects, the advancement of e-commerce, personalized and branded packaging, compliance with regulations, a strong focus on a circular economy, and evolving consumer preferences. Some significant trends predicted for the same period encompass eco-friendly packaging options, creative packaging designs, circular economy initiatives, regulatory obligations and guidelines, developments in materials technology, and the digitalization of the packaging industry.
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Top Growth Drivers in the Rigid Plastic Packaging Industry: What's Accelerating the Market?
The burgeoning need from final consumers, particularly the food and beverage sector, is set to escalate the rigid plastic packaging market's expansion in the future. The term 'food and beverage industry' represents all businesses involved in processing, packaging, and dispensing raw food. Because rigid plastic packaging enhances product longevity, thus augmenting food safety and shelf life, it invariably leads to an upsurge in demand from final users like the food and beverage sector, which in turn swells the growth of the rigid plastic packaging market. For example, data from the Agriculture and Agri-Food Department, a branch of the Canadian government, reveals that in 2022, the export of processed food and beverage commodities surged to an all-time high at $54.3 billion, that was a stark 14.1% increment from the previous year and comprised 34.7% of the overall production value. Consequently, the escalating need from final users like the food and beverage industry is fueling the growth of the rigid plastic packaging market.
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What Trends Will Shape the Rigid Plastic Packaging Market Through 2029 and Beyond?
Tech innovations are increasingly becoming a prevailing trend in the rigid plastic packaging market. The primary players in this market are putting their focus on pioneering new technologies. A case in point is Amcor Plc., a global packaging firm from Australia, which in September 2022, initiated the DairySeal packaging series. The series features ClearCor, a sophisticated polyethylene terephthalate (PET) barrier. Distinguished by its encapsulation focused in the core of the preform, this distinctive PET barrier technology provides increased flexibility and opportunities for resin. This strategy not only enhances recyclability but also boosts the overall barrier performance in the packaging.
What Are the Main Segments in the Rigid Plastic Packaging Market?
The rigid plastic packaging market covered in this report is segmented -
1) By Product Type: Boxes, Bottle And Jars, Cans, Blister Packs, Clamshells, Trays, Intermediate Bulk Container( IBCs), Other Product Types
2) By Material: Polyethylene, Polypropylene, High Density Polypropylene, Other Materials
3) By Manufacturing Process: Extrusion, Injection Molding, Other Manufacturing Process
4) By End-User: Food And Beverages, Personal Care, Household, Healthcare, Other End-Users
Subsegments:
1) By Boxes: Corrugated Boxes, Folding Boxes, Die-Cut Boxes
2) By Bottles And Jars: PET Bottles, HDPE Bottles, Glass Jars, Plastic Jars
3) By Cans: Aluminum Cans, Steel Cans, Plastic Cans
4) By Blister Packs: Thermoformed Blister Packs, Cold-Formed Blister Packs
5) By Clamshells: Hinged Clamshells, Snap-Fit Clamshells
6) By Trays: Rigid Trays, Blister Trays, In-Mold Labeling Trays
7) By Intermediate Bulk Containers (IBCs): Rigid IBCs, Flexible IBCs
8) By Other Product Types: Tubes, Pails, Containers With Lids
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Which Top Companies are Driving Growth in the Rigid Plastic Packaging Market?
Major companies operating in the rigid plastic packaging market include Berry Global Inc., Amcor Plc, Silgan Holdings Inc., Pactiv Evergreen Inc., Al Jabriplastic Group, Sealed Air Corporation, Takween Advanced Industries Company, Plastipak Holdings Inc., Anchor Packaging LLC, ALPLA Group GmbH & Co. KG, Sonoco Products Company, Klöckner Pentaplast Group GmbH, Gerresheimer AG, Consolidated Container Co. LLC, Winpak Ltd., Graham Packaging Company Inc., IPL Plastics Inc., M&H Plastics Limited, Placon Corporation, Printpack Incorporated, Ring Container Technologies LLC, Tekni-Plex Inc., Polypack Inc., Hedwin Corporation
Which Regions Will Dominate the Rigid Plastic Packaging Market Through 2029?
Asia-Pacific was the largest region in the rigid plastic packaging market in 2024. The regions covered in the rigid plastic packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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