Rigid Plastic Packaging Market Size, Industry Analysis Report By Material (Polyethylene (PET, Polyethylene (PET), Polypropylene (PP), High Density Polypropylene (HDPE), By Production Process (Extrusion, Injection Molding, Blow Molding, Thermoforming), By End-user (Food and Beverage, Personal Care, Household, Healthcare) & Region - Forecasts By 2033
- PUBLISHED ON
- 2024-10-08
- NO OF PAGES
- 214
- CATEGORY
- Packaging
Market Overview
The Global Rigid Plastic Packaging Market valued at USD 221,010 million in 2022 is anticipated to reach a value of USD 908,100 million in 2033, growing at a CAGR of 4.2%.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 221,010 Million |
Market Forecast in 2033 | USD 908,100 Million |
CAGR % 2023-2033 | 4.2% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product Vehicle type, end-user industry, company share, company heatmap, company Material Technology Vehicle type capacity, growth factors and more |
Segments Covered | Material, Production Process, End User |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | ALPLA-Werke Alwin Lehner GmbH & Co KG, Amcor Limited, DS Smith Plc, Berry Plastics Corporation, Klöckner Pentaplast, Plastipak Holdings, Inc., Pactiv Evergreen Inc., Sealed Air Corporation, Silgan Holdings, Inc., and Sonoco Products Company. |
Rigid Plastic Packaging Market: Description
Rigid plastic packaging involves utilization of plastic materials such as polypropylene (PP), high-density polyethylene (HDPE), and polyethylene (PET) for packaging of new bottles and containers. These materials are durable and lightweight. Polyethylene and polypropylene packaging solutions are applicable across various industries such as food & beverages, agriculture, aerospace, automotive, and medical.
The growth of the rigid plastic packaging market is majorly driven by rapid expansion of the food & beverage industry, which, in turn, fuels the demand for bottles, jars, fruit juice containers, food package container, and foodie bags. In addition, rigid plastic packaging solution is used in various industry verticals such as agriculture, medical, personal care, and pharmaceuticals, owing to rise in demand for plastic packaging systems. The advancements in terms of product innovations and technologies in the market are also expected to create strong investment opportunities for global players.
The packaging industry has witnessed constant changes over the years while it emerged as one of the largest sectors in India’s economy. According to the Packaging Industry Association of India (PIAI), the sector is growing at 22% to 25% per annum. The Fast-Moving Consumer Goods (FMCG), food processing sector, and pharmaceuticals are also some of the biggest contributors driving the growth of the packaging industry in the country for a long time. In recent years, there has been a new user facilitating the growth of the Indian packaging industry that is e-commerce.
The widespread adoption of e-commerce facilities has resulted in thousands of packets being delivered daily across the country. This has further increased the demand for quality packaging of the products.
An increase in the number of working women and dominance of nuclear and double-income families, especially in urban areas, are the trends that shape the lifestyles of a majority of consumers in emerging economies. Busier lifestyles demand on-the-go products that reduce the time spent on cooking, which contributes to the development of the convenience packaging market, which, in turn, impacts the rigid plastic packaging market. Moreover, rising disposable income and increasing consumption of packed goods will also fuel the demand for rigid packaging in emerging markets.
Rigid Plastic Packaging Market- Segmental Analysis:
Material Insights
The polyethylene (PET) segment dominated the market in 2022, owing to associated benefits of polyethylene such as low cost, robustness, and enhanced chemical resistance.
Production Process Insights
The injection molding segment led the global rigid plastic packaging market, as injection molding exhibits features such as high efficiency, enhanced strength, and low labor costs.
End User Insights
The food & beverage segment registered the highest growth in the market, owing to rise in demand for jars, bottles, and containers from the food & beverage industry.
Regional Insights
The Global Rigid Plastic Packaging Market is further segmented into five major countries- North America, Europe, Asia-pacific, Latin America and Middle East and Africa.
The Asia Pacific region accounted for the largest share in 2020 and is also projected to record the highest growth rate during the forecast period. Countries such as India and China are expected to post high growth in the rigid plastic packaging market due to growing developmental activities and rapid economic expansion.
Competitive Analysis
ALPLA-Werke Alwin Lehner GmbH & Co KG, Amcor Limited, DS Smith Plc, Berry Plastics Corporation, Klöckner Pentaplast, Plastipak Holdings, Inc., Pactiv Evergreen Inc., Sealed Air Corporation, Silgan Holdings, Inc., and Sonoco Products Company.
· In September 2020, ALPLA Group continued to pursue the strategy of expanding its recycling activities worldwide. The family-owned enterprise from Austria is now building a plant in Mexico for recycling HDPE.
· In November 2020, Amcor adapted its leading-edge engineering and design technology to develop the lightest 900-ml Polyethylene Terephthalate (PET) bottle for edible oil in Brazil.
Rigid Plastic Packaging Market- Segmental Analysis
Based on Material
· Polyethylene (PET)
· Polypropylene (PP)
· High Density Polypropylene (HDPE)
· Others
Based on Production Process
· Extrusion
· Injection Molding
· Blow Molding
· Thermoforming
Based on End-user
· Food and Beverage
· Personal Care
· Household
· Healthcare
· Others
1. Global Rigid Plastic Packaging Market Introduction and Market
Overview
1.1.
Objectives of the Study
1.2.
Global Rigid Plastic Packaging
Market Scope and Market Estimation
1.2.1.Global Rigid
Plastic Packaging Overall Market Size, Revenue (US$ Mn) and Volume (Tons),
Market CAGR (%), Market forecast (2023 - 2030)
1.2.2.Global Rigid
Plastic Packaging Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2030
1.3.
Market Segmentation
1.3.1.Material
of Global Rigid Plastic Packaging Market
1.3.2.Production
of Global Rigid Plastic Packaging Market
1.3.3.End User
of Global Rigid Plastic Packaging Market
1.3.4.Region
of Global Rigid Plastic Packaging Market
2. Executive Summary
3. Market Factor Analysis
3.1. Global Rigid Plastic
Packaging Market Application Trends under COVID-19 Outbreak
3.1.1.Global
COVID-19 Status Overview
3.1.2.Influence
of COVID-19 Outbreak on Global Rigid Plastic Packaging Market Application
Development
3.2. Market Dynamics
3.2.1.Drivers
3.2.2.Limitations
3.2.3.Opportunities
3.2.4.Impact
Analysis of Drivers and Restraints
3.3. Value Chain/ Ecosystem
Analysis
3.3.1.Manufacturers
/ Vendors
3.3.2.Distributors
3.3.3.Buyers /
End-users
3.3.4.Forward
Integration & Backward Integration of Key Stakeholders
3.4. Global Rigid Plastic
Packaging Market - Pricing Trends Analysis & Average Selling Prices (ASPs)
3.5. Porter’s Five Forces
Analysis
3.5.1.Bargaining
Power of Suppliers
3.5.2.Bargaining
Power of Buyers
3.5.3.Threat
of Substitutes
3.5.4.Threat
of New Entrants
3.5.5.Competitive
Rivalry
3.6. PEST Analysis
3.6.1.Political
Factors
3.6.2.Economic
Factors
3.6.3.Social
Factors
3.6.4.Technological
Factors
3.7. Impact of Russia Ukraine
War on Rigid Plastic Packaging Market
3.8. Impact of Economic
Downturn on Rigid Plastic Packaging Market
3.9. Rigid Plastic Packaging Production
Capacity, by Major Countries
3.10. Market Investment
Opportunity Analysis (Top Investment Pockets), By Segments & By Regions
4. Global Rigid Plastic
Packaging Market Estimates & Forecast Trend Analysis, by Material
4.1.
Global Rigid Plastic Packaging
Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Material,
2019 to 2030
4.1.1.Polyethylene
(PET)
4.1.2.Polypropylene
(PP)
4.1.3.High
Density Polypropylene (HDPE)
4.1.4.Others
5. Global Rigid Plastic Packaging
Market Estimates & Forecast Trend Analysis, by End
User
5.1.
Global Rigid Plastic Packaging
Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by End User,
2019 to 2030
5.1.1.Food and
Beverage
5.1.2.Personal
Care
5.1.3.Household
5.1.4.Healthcare
5.1.5.Others
6. Global Rigid Plastic
Packaging Market Estimates & Forecast Trend Analysis, by Production
6.1.
Global Rigid Plastic Packaging
Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Production,
2019 to 2030
6.1.1.Extrusion
6.1.2.Injection
Molding
6.1.3.Blow
Molding
6.1.4.Thermoforming
7. Global Rigid Plastic
Packaging Market Estimates & Forecast Trend Analysis, by Region
7.1.
Global Rigid Plastic Packaging
Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Region,
2019 to 2030
7.1.1.North
America
7.1.2.Europe
7.1.3.Asia
Pacific
7.1.4.Middle East & Africa
7.1.5.South
America
8. North America Rigid Plastic Packaging Market: Estimates & Forecast Trend Analysis
8.1. North America Rigid Plastic Packaging Market Assessments & Key
Findings
8.1.1.Rigid
Plastic Packaging Market Introduction
8.1.2.Rigid
Plastic Packaging Market Size Estimates and Forecast (US$ Million & Tons) (2019
– 2030)
8.1.2.1.
By Material
8.1.2.2.
By End User
8.1.2.3.
By Production
8.1.2.4.
By Country
8.1.2.4.1.
The U.S.
8.1.2.4.2.
Canada
8.1.2.4.3.
Mexico
9. Europe Rigid Plastic Packaging Market: Estimates & Forecast Trend Analysis
9.1.
Europe Rigid Plastic Packaging
Market Assessments & Key Findings
9.1.1.Rigid
Plastic Packaging Market Introduction
9.1.2.Rigid
Plastic Packaging Market Size Estimates and Forecast (US$ Million & Tons) (2019
– 2030)
9.1.2.1.
By Material
9.1.2.2.
By End User
9.1.2.3.
By Production
9.1.2.4.
By Country
9.1.2.4.1.
Italy
9.1.2.4.2.
Germany
9.1.2.4.3.
U.K.
9.1.2.4.4.
France
9.1.2.4.5.
Spain
9.1.2.4.6.
Rest of Europe
10. Asia Pacific Rigid Plastic Packaging Market: Estimates & Forecast Trend Analysis
10.1. Asia Pacific Market Assessments & Key Findings
10.1.1.
Rigid Plastic Packaging Market
Introduction
10.1.2.
Rigid Plastic Packaging Market
Size and Volume Estimates and Forecast (US$ Million & Tons) (2019 – 2030)
10.1.2.1.
By Material
10.1.2.2.
By End User
10.1.2.3.
By Production
10.1.2.4.
By Country
10.1.2.4.1. China
10.1.2.4.2. Japan
10.1.2.4.3. India
10.1.2.4.4. Australia
10.1.2.4.5. South Korea
10.1.2.4.6. ASEAN
10.1.2.4.7. Rest of Asia Pacific
11. Middle East & Africa Rigid Plastic Packaging Market: Estimates & Forecast Trend Analysis
11.1. Middle East & Africa Market Assessments & Key Findings
11.1.1.
Rigid Plastic Packaging Market
Introduction
11.1.2.
Rigid Plastic Packaging Market
Size and Volume Estimates and Forecast (US$ Million & Tons) (2019 – 2030)
11.1.2.1.
By Material
11.1.2.2.
By End User
11.1.2.3.
By Production
11.1.2.4.
By Country
11.1.2.4.1. U.A.E.
11.1.2.4.2. Saudi Arabia
11.1.2.4.3. Egypt
11.1.2.4.4. South Africa
11.1.2.4.5. Rest of Middle East & Africa
12. South America Rigid Plastic Packaging Market: Estimates & Forecast Trend Analysis
12.1. South America Market Assessments & Key Findings
12.1.1.
Rigid Plastic Packaging Market
Introduction
12.1.2.
Rigid Plastic Packaging Market
Size and Volume Estimates and Forecast (US$ Million & Tons) (2019 – 2030)
12.1.2.1.
By Material
12.1.2.2.
By End User
12.1.2.3.
By Production
12.1.2.4.
By Country
12.1.2.4.1. Brazil
12.1.2.4.2. Argentina
12.1.2.4.3. Colombia
12.1.2.4.4. Rest of South America
13.
Competition Landscape
13.1. Rigid Plastic Packaging Market Competition Matrix &
Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants
13.2. Rigid Plastic Packaging Market Competition White Space Analysis, By End-user
13.3. Rigid Plastic Packaging Market Competition Regional Intensity Map
Analysis, By Geographies Served
13.4. Rigid Plastic Packaging Market Concentration & Company Market
Shares (%) Analysis, 2022
14.
Company Profiles
14.1.Amcor Limited
14.1.1.
Company Overview & Key
Stats
14.1.2.
Financial Performance &
KPIs
14.1.3.
Product Portfolio
14.1.4.
Business Strategy & Recent
Developments
* Similar details would be provided for all the players
mentioned below
14.2.DS Smith Plc,
14.3. Berry Plastics Corporation,
14.4.Klöckner Pentaplast,
14.5.Plastipak Holdings, Inc.,
14.6.Pactiv Evergreen Inc.,
14.7.Sealed Air Corporation,
14.8.Silgan Holdings, Inc.,
14.9.Sonoco Products Company
14.10.
Others**
15.
Research Methodology
15.1.
External Power
Outputs / Databases
15.2.
Internal
Proprietary Database
15.3.
Primary
Research
15.4.
Secondary
Research
15.5.
Assumptions
15.6.
Limitations
15.7.
Report
FAQs
16.
Research Findings & Conclusion
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Frequently Asked Questions
What is the market size and growth projections?
The Global Rigid Plastic Packaging Market valued at USD 221,010 million in 2022 is anticipated to reach a value of USD 908,100 million in 2033, growing at a CAGR of 4.2%.
What are the drivers shaping various markets?
The Fast-Moving Consumer Goods (FMCG), food processing sector, and pharmaceuticals are also some of the biggest contributors driving the growth of the packaging industry in the country for a long time. In recent years, there has been a new user facilitating the growth of the Indian packaging industry that is e-commerce.
Who are the key competitors of market Players?
Some of the major players operating within the market are ALPLA-Werke Alwin Lehner GmbH & Co KG, Amcor Limited, DS Smith Plc, Berry Plastics Corporation, Klöckner Pentaplast, Plastipak Holdings, Inc., Pactiv Evergreen Inc., Sealed Air Corporation, Silgan Holdings, Inc., and Sonoco Products Company.
What are the top performing segments, and countries / regions of each of the markets?
The Asia Pacific region accounted for the largest share in 2020 and is also projected to record the highest growth rate during the forecast period. Countries such as India and China are expected to post high growth in the rigid plastic packaging market due to growing developmental activities and rapid economic expansion.
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