The global rigid plastic packaging market is poised for impressive growth in the forecast period. The demand for rigid plastic packaging is expected to rise due to the expansion of industries such as healthcare, food and beverage, personal care, and others on a global scale.
Rigid plastic packaging involves the use of plastic materials like polypropylene (PP), highly-density polyethylene (HDPE), and polyethylene (PET) for packaging bottles, jars, containers, and other culinary products. It offers toughness, durability, and heavier construction compared to flexible packaging, making it suitable for protecting delicate food items. Moreover, rigid plastic packaging offers advantages like affordability and durability.
With governments investing in modernizing healthcare systems, the use of rigid plastic packaging in the healthcare industry has gained momentum. Rigid plastic packaging provides durability, cleanliness, transparency, and lightweight properties, making it ideal for safeguarding medical products such as syringes, tablets, syrups, and surgical supplies. Additionally, changing lifestyles and an increase in packaged goods sales are driving the expansion of the rigid plastic packaging market.
The packaging industry has experienced significant positive changes over the years, emerging as one of the largest sectors in developing economies. Despite the challenges posed by COVID-19, the packaging industry has witnessed tremendous growth. Manufacturers are witnessing a surge in annual sales for rigid plastic packaging products, including bottles, jars, trays, cups, and pots, driving the market’s growth.
The food and beverage sector dominated the global rigid plastic packaging market in 2022 and is expected to continue expanding. Countries like the United States, Canada, China, and India are witnessing a rapid increase in demand for rigid plastic packaging, driven by the growth of the food and beverage industry. Rigid plastic packaging, such as bottles, jars, and bags, provides attributes like taste absorption, durability, longevity, and lightweight, ensuring the safety and contamination-free preservation of food items.
Consumers are increasingly inclined toward products that come with rigid plastic packaging, reflecting their concern for product safety. Competitive pricing strategies play a significant role in the market, impacting the profit margins of rigid plastic packaging processors. The European Union has implemented regulations regarding food contact, recycling of packaging residues, and the increased use of recycled plastic in product packaging.
The global rigid plastic packaging market is segmented based on type (bottles & jars, rigid bulk products, trays, tubs, cups & pots, and others), raw material (polyethylene, polyethylene terephthalate, polystyrene, polyvinyl chloride, and others), production process (extrusion, injection molding, blow molding, and others), application (food & beverages, healthcare, cosmetics & toiletries, and others), and region.
Key players in the market include Amcor Plc., Berry Global Group Inc., Pactiv LLC, Silgan Holdings, Inc., Sonoco Products Company, DS Smith Plc., Bemis Company Inc., Reynolds Group Holding Limited, Sealed Air Corporation, Plastipak Holdings, Inc.
The comprehensive “Rigid Plastic Packaging Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028” report provides detailed insights into the market’s trends, challenges, and opportunities, offering strategic recommendations for businesses operating in this sector.