Rigid Plastic Packaging Market Growth, Size, Trends, Revenue, Challenges and Future Competition
Rigid Plastic Packaging Market Size- By Material, By Product, By Manufacturing Process, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2023 | Report ID: PACK2320 | Pages: 1 - 242 | Formats*: |
| Category : Packaging | |||
Rigid Plastic Packaging Market Introduction and Overview
According to SPER Market Research, the Global Rigid Plastic Packaging Market is estimated to reach USD 315.69 billion by 2033 with a CAGR of 2.57%
The report includes an in-depth analysis of the Global Rigid Plastic Packaging Market, including market size and trends, product mix, distribution channels, and supplier analysis. Rigid plastic packaging refers to the use of durable plastic materials for packaging purposes. It encompasses containers, bottles, trays, and closures made from materials like polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), and polystyrene (PS). Rigid plastic packaging is known for its strength, versatility, and ability to protect products from damage, contamination, and tampering. It is widely utilized in various industries including food and beverages, healthcare, personal care, and household products. Rigid plastic packaging offers benefits such as extended shelf life, easy transport, and cost-effectiveness. It also provides opportunities for branding, product differentiation, and sustainability through the use of recyclable and reusable materials.
- March 2022: Berry Global Group and skincare company, Koa Corporation collaborated to launch body moisturizer bottles and cleaners made from 100% recycled plastic. The partnership focuses on environmental impact through sustainable practices and PET bottle production at Berry's Virginia plant.
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Market Opportunities and Challenges
The market for rigid plastic packaging around the world offers both exciting potential and some considerable difficulties. The rising need for eco-friendly packaging options is one of the main opportunities. The ability to recycle and repurpose rigid plastic packaging, such PET bottles and HDPE containers, reflects the rising environmental consciousness of both consumers and businesses. This trend gives producers the opportunity to create eco-friendly packaging substitutes and profit from the rising consumer demand for green products.
The market for rigid plastic packaging, however, confronts a number of difficulties. The growing understanding of plastic pollution and its negative effects on the environment is one of the main worries. Globally, governments and regulatory agencies are putting more stringent restrictions on single-use plastics, which may impede industry expansion and promote the use of alternative materials. Additionally, production costs and profitability may be impacted by changes in the price of the raw materials needed to make rigid plastic packaging. To lessen the effects of price volatility, manufacturers must research novel materials and discover ways to optimise production processes.
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Market Competitive Landscape
The rigid plastic packaging market is characterized by fragmentation, leading to intense competition among numerous players. These companies prioritize offering lightweight, high-performance corrugated grades to enhance packaging performance while reducing costs. Prominent participants in the market include Amcor Limited, Berry Plastics Corporation, Klöckner Pentaplast, Pactiv Evergreen Inc, Plastipak Holdings, Inc., Sealed Air Corporation, Silgan Holdings, Inc., Sonoco Products Company, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Material, By Product, By Manufacturing Process, By End User |
| Regions covered | Latin America, North America, Asia-Pacific, Middle East & Africa and Europe. |
| Companies Covered | Amcor Limited, Berry Plastics Corporation, Klöckner Pentaplast, Pactiv Evergreen Inc, Plastipak Holdings, Inc., Sealed Air Corporation, Silgan Holdings, Inc., Sonoco Products Company, Others |
COVID-19 Impact on Global Rigid Plastic Packaging Market
The COVID-19 pandemic had positive and negative impact on the rigid plastic packaging market. On the positive side, there was an increased demand for essential products like food, beverages, and healthcare items, which drove the need for rigid plastic packaging. However, the pandemic also caused disruptions in global supply chains, leading to delays and shortages in the market. Additionally, the heightened use of single-use plastics during the pandemic raised environmental concerns regarding plastic waste. Despite the increased demand, the industry faced challenges due to supply chain disruptions and sustainability considerations.
Key Target Audience
- Manufacturers and suppliers in industries such as food and beverages, healthcare, personal care, household products, automotive, electronics, and retail
- Packaging designers, engineers, and consultants
- Brand owners, marketers, and product managers
- Distributors, wholesalers, and retailers
- Regulatory agencies and industry associations
- Consumers
- Others
Our in-depth analysis of the Rigid Plastic Packaging Market includes the following segments:
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Key Topics Covered in the Report
- Global Rigid Plastic Packaging Market Size (FY’2023-FY’2033)
- Overview of Global Rigid Plastic Packaging Market
- Segmentation of Global Rigid Plastic Packaging Market By Material (Expanded polystyrene, Polyethylene, Polyethylene terephthalate, Polypropylene, Polystyrene, Polyvinyl chloride, Others.)
- Segmentation of Global Rigid Plastic Packaging Market By product (Bottles and Jars, Trays and Containers, Caps and Closures, Others)
- Segmentation of Global Rigid Plastic Packaging Market By Manufacturing Process (Extrusion, Injection Molding, Blow Molding, Thermoforming)
- Segmentation of Global Rigid Plastic Packaging Market By End User (Automotive, Cosmetics & Personal Care, Food & Beverage, Healthcare, Industrial, Building & Construction, Others)
- Statistical Snap of Global Rigid Plastic Packaging Market
- Expansion Analysis of Global Rigid Plastic Packaging Market
- Problems and Obstacles in Global Rigid Plastic Packaging Market
- Competitive Landscape in the Global Rigid Plastic Packaging Market
- Impact of COVID-19 and Demonetization on Global Rigid Plastic Packaging Market
- Details on Current Investment in Global Rigid Plastic Packaging Market
- Competitive Analysis of Global Rigid Plastic Packaging Market
- Prominent Players in the Global Rigid Plastic Packaging Market
- SWOT Analysis of Global Rigid Plastic Packaging Market
- Global Rigid Plastic Packaging Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Rigid Plastic Packaging Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Rigid Plastic Packaging Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Rigid Plastic Packaging Market
7. Global Rigid Plastic Packaging Market, By Material (USD Million)
7.1. Global Rigid Plastic Packaging Market Value Share and Forecast, By Material, 2023-20337.2. Expanded polystyrene (EPS)7.3. Polyethylene (PE)7.4. Polyethylene terephthalate (PET)7.5. Polypropylene (PP)7.6. Polystyrene (PS)7.7. Polyvinyl chloride (PVC)7.8. Others
8. Global Rigid Plastic Packaging Market, By Product (USD Million)
8.1. Global Rigid Plastic Packaging Market Value Share and Forecast, By Product, 2023-20338.2. Bottles and Jars8.3. Caps and Closures8.4. Trays and Containers
9. Global Rigid Plastic Packaging Market, By Manufacturing Process (USD Million)
9.1. Global Rigid Plastic Packaging Market Value Share and Forecast, By Manufacturing Process, 2023-20339.2. Blow Molding9.3. Extrusion9.4. Injection Molding9.5. Thermoforming
10. Global Rigid Plastic Packaging Market, By End User (USD Million)
10.1. Global Rigid Plastic Packaging Market Value Share and Forecast, By End User, 2023-203310.2. Automotive10.3. Cosmetics & Personal Care10.4. Food & Beverage10.5. Healthcare10.6. Industrial, Building & Construction10.7. Others
11. Global Rigid Plastic Packaging Market Forecast, 2019-2033 (USD Million)
11.1. Global Rigid Plastic Packaging Market Size and Market Share
12. Global Rigid Plastic Packaging Market, By Material, 2019-2033 (USD Million)
12.1. Global Rigid Plastic Packaging Market Size and Market Share By Material (2019-2026)12.2. Global Rigid Plastic Packaging Market Size and Market Share By Material (2027-2033)
13. Global Rigid Plastic Packaging Market, By Product, 2019-2033 (USD Million)
13.1. Global Rigid Plastic Packaging Market Size and Market Share By Product (2019-2026)13.2. Global Rigid Plastic Packaging Market Size and Market Share By Product (2027-2033)
14. Global Rigid Plastic Packaging Market, By Manufacturing Process, 2019-2033 (USD Million)
14.1. Global Rigid Plastic Packaging Market Size and Market Share By Manufacturing Process (2019-2026)14.2. Global Rigid Plastic Packaging Market Size and Market Share By Manufacturing Process(2027-2033)
15. Global Rigid Plastic Packaging Market, By End User, 2019-2033 (USD Million)
15.1. Global Rigid Plastic Packaging Market Size and Market Share By End User (2019-2026)15.2. Global Rigid Plastic Packaging Market Size and Market Share By End User (2027-2033)
16. Global Rigid Plastic Packaging Market, By Region, 2019-2033 (USD Million)
16.1. Global Rigid Plastic Packaging Market Size and Market Share By Region (2019-2026)16.2. Global Rigid Plastic Packaging Market Size and Market Share By Region (2027-2033)16.3. Asia-Pacific
16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada16.6.2. Mexico16.6.3. United States
16.7. Latin America
16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. ALPLA Group
17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments
17.2. Amcor Limited
17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments
17.3. Berry Plastics Corporation
17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments
17.4. Coveris Holdings S.A.
17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments
17.5. DS Smith Plc
17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments
17.6. Klöckner Pentaplast
17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments
17.7. Pactiv Evergreen Inc
17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments
17.8. Plastipak Holdings, Inc.
17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments
17.9. Sealed Air Corporation
17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments
17.10. Silgan Holdings, Inc.
17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments
17.11. Sonoco Products Company.
17.11.1. Company details17.11.2. Financial outlook17.11.3. Product summary17.11.4. Recent developments
17.12. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Rigid Plastic Packaging System Market is projected to reach USD 315.69 billion by 2033, growing at a CAGR of 2.57% during the forecast period.
Rigid Plastic Packaging System Market grew in market size from 2022. The Market is expected to reach USD 315.69 billion by 2033, at a CAGR of 2.57% during the forecast period.
Rigid Plastic Packaging System Market CAGR of 2.57% during the forecast period.
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Rigid Plastic Packaging System Market size is USD 315.69 billion from 2023 to 2033.
Rigid Plastic Packaging System Market Segment is covered By Material, By Product, By Manufacturing Process, By End User.
The North America is anticipated to have the highest market share in the Rigid Plastic Packaging System Market.
"The key players in the market include Companies Covered Amcor Limited, Berry Plastics Corporation, Klöckner Pentaplast, Pactiv Evergreen Inc, Plastipak Holdings, Inc., Sealed Air Corporation, Silgan Holdings, Inc., Sonoco Products Company, Others.
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It encompasses containers, bottles, trays, and closures made from materials like polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), and polystyrene (PS). Rigid plastic packaging is known for its strength, versatility, and ability to protect products from damage, contamination, and tampering.
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