Global Rigid Plastic Packaging Systems Market Insights Forecasts to 2032
- The Rigid Plastic Packaging Systems Market Size was valued at USD 270.3 Billion in 2022.
- The market is growing at a CAGR of 5.8% from 2022 to 2032
- The Worldwide Rigid Plastic Packaging Systems Market is expected to reach USD 434.7 Billion by 2032
- North America is expected to grow the fastest during the forecast period
Get more details on this report -
The Global Rigid Plastic Packaging Systems Market Size is expected to reach USD 434.7 Billion by 2032, at a CAGR of 5.8% during the forecast period 2022 to 2032.
Containers, boxes, bottles, and other types of stiff or semi-rigid plastic packaging are referred to as rigid plastic packaging. These substances are renowned for their resilience, sturdiness, and capacity to shield things from harm, contamination, and external influences. The food and beverage, pharmaceutical, personal care, electronics, and other industries frequently use rigid plastic packaging. The strong nature of these packaging allows them to survive impact and severe treatment during storage and transportation. Rigid plastic packaging is excellent for a wide range of items since it can be moulded into a variety of forms and sizes. A benefit for marketing is that some plastic materials are translucent or transparent, allowing customers to view the goods within.
Impact of COVID 19 On Global Rigid Plastic Packaging Market
The pandemic raised demand for some packaged goods, including food, drinks, cleaning supplies, and toiletries. A increasing requirement for rigid plastic packaging to facilitate the safe transportation and storage of these products resulted from the increase in demand for necessities. With limitations and lockdowns in place, e-commerce saw a substantial uptick as more people turned to online buying. Rigid plastic packaging was increasingly used to package goods sold through e-commerce platforms because it proved effective at keeping things safe while in transit. Like many other industries, rigid plastic packaging suffered difficulties as a result of supply chain interruptions. Factory closures, traffic restrictions, and a lack of raw supplies could have all contributed to this inconvenience.
Global Rigid Plastic Packaging Systems Market Report Coverage
|Market Size in 2022:||USD 270.3 Billion|
|Forecast Period 2022-2032 CAGR:||5.8%|
|2032 Value Projection:||USD 434.7 Billion|
|Historical Data for:||2018-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||100|
|Segments covered:||By Raw Material, By Type, By Application, By Region and COVID-19 Impact|
|Companies Covered:||Amcor Limited, Bemis Company, Inc., Tray Pack Corporation, Consolidated Container Company, Lacerta Group, Inc., Coveris Holdings S.A., Plastipak Holdings, Inc., Alpla Wereke, and Other Market Players.|
|Pitfalls & Challenges:||COVID-19 Empact,Challenges, Future, Growth, & Analysis|
Get more details on this report -
The expansion of the consumer goods sectors, including those for food and beverage, personal care, and domestic goods, was strongly correlated with the demand for rigid plastic packaging. The demand for practical and reliable packaging solutions grew along with rising disposable incomes and changing customer tastes. Single-person homes and on-the-go consumption have increased as a result of urbanisation and changing lifestyles. This pattern increased demand for single-serving and portable packaging options made possible by rigid plastics. To develop cutting-edge package designs and technology, manufacturers were spending money on research and development. This featured elements that extended shelf life, such as resealable closures, portion control, and improved barrier qualities. The desire for packaging that could shield goods from damage while in transit was fueled by the expansion of e-commerce and online purchasing. Rigid plastic packaging was extensively employed for delivering fragile objects because of its protective features.
Plastic packaging's environmental impact, especially that of single-use plastics, has grown to be a serious problem. Concerns regarding the long-term impacts of rigid plastic packaging on ecosystems, marine life, and human health have been raised due to its contribution to plastic waste and pollution. There is increased pressure on industries to adopt more sustainable practises as public knowledge of environmental issues rises. Utilising recyclable materials, using less plastic, and creating compostable or biodegradable alternatives are some examples of how to do this. Although many rigid plastics can technically be recycled, recycling rates are still generally low because of things like a lack of infrastructure for recycling, a lack of consumer education, and the complexity of the different types and blends of plastic used in packaging.
Raw Material Insights
Polyethylene segment is dominating the market over the forecast period
On the basis of raw material, the global rigid plastic packaging market is segmented into Bioplastics, Polyethylene, Polyethylene Terephthalate, Polystyrene, and Others. Among these, polyethylene segment is dominating the market with the largest market share over the forecast period. The need for polyethylene packaging has also been impacted by the growth of e-commerce. It is a popular option for packing products sold online due to its strength and capacity to keep products safe while transportation. The output and customizability of polyethylene packaging have improved thanks to advancements in polymer processing technologies, which has contributed to the industry's continuous expansion. Due to their superior barrier qualities, resistance to moisture, and capacity to maintain product freshness, HDPE and LDPE are frequently employed in the packaging of foods and beverages.
Rigid bulk products segment holds the highest market share over the forecast period
Based on type, the global rigid plastic packaging market is segmented into Food, Beverage, Healthcare, Cosmetics & toiletries, Industrial, and Others. Among these, the rigid bulk products segment holds the highest market share over the forecast period. Bulk items like food, household goods, and pet food frequently need robust packaging for protection. These types of products can be packaged and transported with ease using rigid plastic packages and containers. When taking into account things like production effectiveness, material prices, and logistics of transport, rigid plastic packaging might be a financially viable option for packaging bulk goods. The desire for greater packaging sizes has been impacted by consumer preferences for value-packaged and bulk purchases. These preferences can be successfully accommodated by rigid plastic containers.
Asia Pacific is dominating the market over the forecast period
Get more details on this report -
Among all other regions, the Asia Pacific is dominating the market with the largest market share over the forecast period. The Asia-Pacific area is home to some of the most populous nations in the world, which significantly increases demand for consumer products. Given that packaging is crucial for safeguarding and transporting goods to consumers, this need directly affects the rigid plastic packaging market. Consumer behaviour has changed as a result of urbanisation in the Asia-Pacific area, and convenience foods and packaged goods are becoming more popular. For these shifting consumption patterns, rigid plastic packaging is an excellent option because of its simplicity and protection. The need for packaging in the Asia-Pacific area has been significantly impacted by the expansion of e-commerce. To meet the needs of e-commerce platforms, rigid plastic packaging is frequently utilised to safeguard goods during transit and delivery.
North America witnessing the fastest market growth over the forecast period. North America has a sizable and diversified population, which significantly increases demand for consumer goods like food, drinks, personal care items, and household goods. Due of its adaptability and protective qualities, rigid plastic packaging is frequently employed to suit this demand. The packaging of food and beverages in North America relies heavily on rigid plastic packaging. Rigid plastic packaging is widely utilised in everything from beverage bottles and containers to food trays and clamshell containers.
Recent Market Developments
- In November 2020, The lightest 900 ml PET bottle for edible oil has been developed by Amcor and is now available in Brazil.
List of Key Companies
- Amcor Limited
- Bemis Company, Inc.
- Tray Pack Corporation
- Consolidated Container Company
- Lacerta Group, Inc.
- Coveris Holdings S.A.
- Plastipak Holdings, Inc.
- Alpla Wereke
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global Rigid Plastic Packaging Systems Market based on the below-mentioned segments:
Rigid Plastic Packaging Systems Market, Raw Material Analysis
Rigid Plastic Packaging Systems Market, Type Analysis
- Food & Beverage
- Cosmetics & toiletries
Rigid Plastic Packaging Systems Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions (FAQ)
1.What is the market size of Rigid Plastic Packaging Systems Market?The Global Rigid Plastic Packaging Systems Market is expected to grow from USD 270.3 Billion in 2022 to USD 434.7 Billion by 2032, at a CAGR of 5.8% during the forecast period 2022-2032.
2.Who are the key market players of Rigid Plastic Packaging Systems Market?Some of the key market players of Amcor Limited, Bemis Company, Inc., Tray Pack Corporation, Consolidated Container Company, Lacerta Group, Inc., Coveris Holdings S.A., Plastipak Holdings, Inc., Alpla Wereke.
3.Which segment hold the largest market share?Rigid bulk product segment holds the largest market share is going to continue its dominance.
4.Which Region is dominating the Rigid Plastic Packaging Systems Market?Asia Pacific is dominating the Rigid Plastic Packaging Systems Market with the highest market share.
Need help to buy this report?