Our
Clients
: Aug, 2020
: 100
:
Global Rigid Plastic Packaging Market Analysis by Material, Production Process, End User, Region and segments forecast till 2033
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, Klckner Pentaplast, Plastipak Holdings, Inc., Pactiv Evergreen Inc., Sealed Air Corporation, Silgan Holdings, Inc., and Sonoco Products Company. |
Global 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 Indias 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.
Global 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, Klckner 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.
Global 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
Why to buy this Report?
The report provides quantitative and qualitative aspect for Global Rigid Plastic Packaging Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both Technology Vehicle typeion and consumption point of view at the regional and country level. Key Factors considered within the report scope are Technology Vehicle typeion capacity by countries/regions, average End Use, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Global Rigid Plastic Packaging Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
Business Model
Technology Vehicle typeion Capacity, Revenue, Sales, Gross Margin
Key Business Strategy
SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the Card Technology Vehicle type in taking a key decision within the business:
Company Share Analysis from 2020-2022
Company Analysis by Revenue and Sales
Company Technology Vehicle type Capacity, Gross Margin
Company Share Analysis by Card Technology Vehicle type/Card Technology Vehicle type
Company Share Analysis by Technology Vehicle type/Specification