The global rigid plastic packaging market size reached US$ 229.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 309.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028. The rising demand for sustainable packaging solutions, increasing consumer preference for product safety and extended shelf life, and numerous advancements in manufacturing technology are some of the major factors propelling the market.
|Market Size in 2022
||US$ 229.3 Billion
|Market Forecast in 2028
||US$ 309.1 Billion
|Market Growth Rate (2023-2028)
Rigid plastic packaging refers to containers and packaging materials made from sturdy and inflexible plastic materials. These packaging solutions are designed to provide durability, protection, and visual appeal for a wide range of products in industries such as food and beverages, healthcare, cosmetics, and more. Rigid plastic packaging includes containers like bottles, jars, tubs, and trays, as well as closures, caps, and lids. It offers advantages such as lightweight properties, resistance to moisture and impact, and the ability to showcase product contents. As a result, rigid plastic packaging plays a crucial role in preserving product freshness, extending shelf life, and enhancing consumer convenience.
The rising emphasis on sustainable packaging solutions in response to environmental concerns will stimulate the growth of the rigid plastic packaging market during the forecast period. Moreover, the increasing consumption of packaged goods, especially in the food and beverage industry, is propelling the need for durable and protective packaging options that extend shelf life and maintain product integrity. Additionally, the rising convenience and practicality offered by rigid plastic containers, such as their lightweight nature, shatter resistance, and potential for innovative designs, attracts both manufacturers and consumers, which in turn has catalyzed market growth. Apart from this, numerous advancements in manufacturing technologies optimize production processes, reduce costs, and expand the range of applications for rigid plastic packaging, representing another major growth-inducing factor. Furthermore, the shifting trend toward e-commerce and home delivery services has augmented the demand for packaging that can withstand transportation and handling challenges while providing an appealing unboxing experience, thereby contributing to market growth.
Rigid Plastic Packaging Market Trends/Drivers:
Increasing emphasis on sustainability
The increasing global concern for environmental sustainability has propelled the rigid plastic packaging industry as a response to the plastic waste issue. Manufacturers are under pressure to adopt eco-friendly practices, and rigid plastic packaging has adapted by incorporating recyclable and biodegradable materials. Governments and industry bodies are pushing for reduced plastic waste, promoting the use of materials that have a lower impact on the environment. Companies are investing in research and development (R&D) to create packaging solutions that align with sustainability goals while maintaining the functionality and visual appeal of rigid plastic containers. This heightened emphasis on sustainable packaging addresses consumer demand for eco-friendly products and positions brands as responsible and environmentally conscious, driving the growth of the rigid plastic packaging market.
Rising demand for consumer convenience
Rigid plastic packaging's durability, versatility, and portability make it a preferred choice for consumer convenience. In today's fast-paced lifestyles, consumers seek packaging that preserves the quality of the product and offers ease of use and portability. Rigid plastic containers provide protection against damage during transportation and handling, making them suitable for on-the-go consumption. Additionally, the rise of e-commerce and home deliveries has amplified the importance of packaging that ensures products remain intact during shipping. Rigid plastic packaging's ability to withstand these challenges while maintaining product freshness and presentation has catalyzed its demand among consumers who value convenience without compromising on quality.
Rapid technological advancements
Technological advancements in plastic manufacturing processes have revolutionized the rigid plastic packaging market. Automation, precision molding, and 3D printing have optimized production, reducing costs and enabling efficient customization. Manufacturers can create intricate and unique designs that cater to branding and product differentiation. These innovations in manufacturing also allow for the development of lightweight yet durable packaging solutions, improving overall logistics and reducing carbon footprints during transportation. The ability to produce innovative shapes, closures, and features further enhances the visual appeal and functionality of rigid plastic packaging. As manufacturers explore novel ways to meet consumer demands and regulatory requirements, the continuous innovation in manufacturing techniques acts as a major driving force behind the growth and evolution of the rigid plastic packaging market.
Rigid Plastic Packaging Industry Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global rigid plastic packaging market report, along with forecasts at the global, regional and country level for 2023-2028. Our report has categorized the market based on product, material, production process and end use industry.
Breakup by Product:
- Bottles and Jars
- Trays and Containers
- Caps and Closures
Bottles and jars represent the most popular product
The report has provided a detailed breakup and analysis of the market based on the product. This includes bottles and jars, trays and containers, caps and closures, and others. According to the report, bottles and jars represented the largest segment.
Bottles and jars are essential components of rigid plastic packaging, serving as containers for various products across industries such as food, beverages, cosmetics, and pharmaceuticals. Their impact on the rigid plastic packaging market is substantial, driven by their functional design and versatility. Bottles and jars offer product visibility, protection, and easy dispensing, enhancing consumer convenience and maintaining product freshness. With innovative shapes and closures, they contribute to branding and differentiation. Moreover, their compatibility with manufacturing processes like injection molding and blow molding ensures efficient production. The rise in demand for sustainable packaging aligns with their recyclable nature, making them eco-friendly options. As consumer preferences evolve and manufacturers prioritize efficient packaging solutions, bottles and jars continue to fuel the growth of the rigid plastic packaging market by delivering practicality, protection, and sustainable choices for diverse products.
Breakup by Material:
- Polyethylene (PET)
- Polypropylene (PP)
- High Density Polypropylene (HDPE)
Polypropylene (PP) holds the largest share in the market
A detailed breakup and analysis of the market based on the material has also been provided in the report. This includes polyethylene (PET), polypropylene (PP), high density polypropylene (HDPE), and others. According to the report, polypropylene (PP) accounted for the largest market share.
Polypropylene (PP) is a versatile thermoplastic polymer widely used in the rigid plastic packaging market. It possesses exceptional properties such as high stiffness, chemical resistance, and low density, making it ideal for producing durable and lightweight packaging solutions. PP's compatibility with various manufacturing processes, including injection molding and extrusion, enables the creation of intricate packaging designs and shapes. Its inherent toughness and resistance to impact enhance the protection of packaged products during transportation and handling.
Furthermore, PP is recyclable and can be incorporated into sustainable packaging initiatives, addressing growing consumer demands for eco-friendly materials. Its cost-effectiveness and compatibility with sealing technologies also contribute to its popularity in closures and caps for rigid plastic packaging. As a material that combines strength, versatility, and environmental considerations, PP significantly drives the rigid plastic packaging market by meeting functional and sustainable packaging needs.
Breakup by Production Process:
- Injection Molding
- Blow Molding
Extrusion accounts for the majority of the market share
A detailed breakup and analysis of the market based on the production process has also been provided in the report. This includes extrusion, injection molding, blow molding, thermoforming, and others. According to the report, extrusion accounted for the largest market share.
Extrusion is a production process in which raw plastic materials are melted and forced through a specially designed die to create continuous shapes with specific cross-sectional profiles. In the rigid plastic packaging market, extrusion plays a pivotal role in driving innovation and efficiency. It enables the production of various packaging components, such as bottles, containers, and caps, with precision and consistency. The versatility of extrusion allows manufacturers to create intricate designs, incorporate features like handles or closures, and optimize wall thickness for durability and cost-effectiveness. This process also facilitates the use of different types of plastic materials, including recyclable and sustainable options, aligning with environmental goals. As a result, extrusion enhances the overall functionality, aesthetics, and sustainability of rigid plastic packaging, making it a crucial driver in meeting evolving consumer demands and industry standards.
Breakup by End Use Industry:
- Food and Beverages
- Personal Care and Cosmetics
Food and beverages represent the leading end use industry segment
A detailed breakup and analysis of the market based on the end use industry has also been provided in the report. This includes food and beverages, personal care and cosmetics, household, healthcare, and others. According to the report, food and beverages accounted for the largest market share.
The food and beverage industry encompasses the production, processing, and distribution of consumable goods, including food products, beverages, and related packaging. This industry plays a crucial role in supporting the rigid plastic packaging market due to its rising reliance on durable and functional packaging solutions. Rigid plastic packaging, such as bottles, containers, and trays, provides protection against contamination, extends shelf life, and ensures product integrity during transportation and storage. Its versatility in accommodating various product types, from liquids to solids, combined with the ability to showcase branding and nutritional information, enhances consumer appeal. Additionally, the growing trend of on-the-go consumption and e-commerce has heightened the demand for packaging that can withstand different distribution channels. As the food and beverage industry continues to evolve and consumers seek convenience and quality, rigid plastic packaging remains pivotal in meeting these requirements, thereby fostering market growth.
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Asia Pacific exhibits a clear dominance in the market
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
Asia Pacific held the biggest share in the market due to rapid urbanization, increasing disposable incomes, and changing lifestyles that catalyzes the demand for packaged goods across industries such as food, beverages, and personal care. The region's large population creates a substantial consumer base that seeks convenient, safe, and attractive packaging solutions.
Additionally, a surge in e-commerce and home delivery services amplifies the need for packaging that ensures product integrity during transit. Manufacturers in the Asia Pacific region capitalize on advanced manufacturing technologies and cost-effective production, catering to both local and global markets. As sustainability gains prominence, the adoption of recyclable and eco-friendly materials aligns with evolving consumer preferences. With diverse markets, evolving consumer demands, and a focus on innovation, Asia Pacific's dynamic landscape significantly influences and propels the growth of the rigid plastic packaging market.
Key players in the industry are consistently introducing innovative solutions to meet evolving consumer demands. These innovations include lightweighting techniques that maintain packaging integrity while reducing material usage, contributing to sustainability efforts. Customized designs and shapes that enhance shelf visibility and branding, along with user-friendly features like easy-open closures, are becoming prevalent. Integration of smart packaging technologies, such as QR codes or NFC tags for product information and traceability, further engages consumers. Additionally, advancements in bioplastics, incorporating plant-based materials, offer environmentally friendly alternatives. The incorporation of recycled content and closed-loop recycling systems underscores the commitment to circular economy principles. These advancements collectively cater to consumer preferences, environmental concerns, and technological advancements, propelling the market forward.
The market research report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
- Altium Packaging LLC
- Amcor plc
- Berry Global Inc.
- DS Smith plc
- Graham Packaging Company
- Pactiv Evergreen Inc.
- Plastipak Holdings Inc.
- Saudi Basic Industries Corporation (Saudi Arabian Oil Company)
- Silgan Holdings Inc.
- Sonoco Products Company
- Winpak Ltd.
- In October 2022, Amcor Plc introduced a groundbreaking lightweighting technology that marks a significant advancement in the future of packaging. Through a novel two-step lightweighting process, over 50% of the material in the packaging finish is eliminated. This innovation is a leap forward in terms of sustainability, as it helps businesses reduce their environmental footprint while simultaneously upholding a premium appearance and tactile experience for consumers. By using this technology, bottles become more eco-friendly and aid companies in achieving their sustainability objectives.
- In March 2022, Berry Global Group collaborated with skincare company Koa Corporation to introduce body moisturizer bottles and cleansers crafted entirely from recycled plastic. This partnership reflects a shared mission to make a positive impact on the environment through streamlined business strategies, consistent collaboration with partners, and the creation of optimized products. These PET bottles are manufactured at Berry's facility in Winchester, Virginia, using 100% post-consumer recycled (PCR) materials and silk-screen decorating. This approach aligns seamlessly with Koa's dedication to sustainability and eliminates the need to consider label materials in the recycling process.
- In September 2021, Pactiv Evergreen Inc. announced that its wholly owned subsidiary, Pactiv Evergreen Group Holdings Inc., has acquired Fabri-Kal, a prominent producer of foodservice and consumer brand packaging solutions. The deal, estimated at around $380 million, with potential adjustments for cash, working capital, and indebtedness, is anticipated to conclude in the latter part of the third quarter or early in the fourth quarter of this year. This acquisition underscores Pactiv Evergreen's strategic move to strengthen its portfolio and industry presence by aligning with a key player in packaging solutions, further positioning them to meet evolving market demands and customer expectations.
Rigid Plastic Packaging Market Report Scope:
|Base Year of the Analysis
| Historical Period
|Scope of the Report
||Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Production Process
- End Use Industry
||Bottles and Jars, Trays and Containers, Caps and Closures, Others
||Polyethylene (PET), Polypropylene (PP), High Density Polypropylene (HDPE), Others
|Production Processes Covered
||Extrusion, Injection Molding, Blow Molding, Thermoforming, Others
|End Use Industries Covered
||Food and Beverages, Personal Care and Cosmetics, Household, Healthcare, Others
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||ALPLA, Altium Packaging LLC, Amcor plc, Berry Global Inc., DS Smith plc, Graham Packaging Company, Pactiv Evergreen Inc., Plastipak Holdings Inc., Saudi Basic Industries Corporation (Saudi Arabian Oil Company), Silgan Holdings Inc., Sonoco Products Company, Winpak Ltd., etc.
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Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the rigid plastic packaging market from 2017-2028.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the global rigid plastic packaging market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the rigid plastic packaging industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.