Global Rigid Plastic Packaging Market Trends, Applications, Analysis, Growth, and Forecast 2028

Global Rigid Plastic Packaging Market: Introduction

“The global Rigid Plastic Packaging market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Rigid plastic packaging materials are toughened plastics used in food & beverage, pharmaceutical, and personal care applications in the packaging of products.

These packaging materials are widely preferred for industrial applications owing to properties such as being lightweight, easily moldable, low cost, and non-corrosive. Rigid plastic packaging mainly increases the shelf life of the product.

Global Rigid Plastic Packaging Market: Dynamics

Increasing demand for packaging material from the food & beverage industry is a major factor anticipated to drive the growth of the global target market. Rising demand for packaged food products in developed and developing countries is expected to boost the revenue growth of the potential market.

Moreover, growing demand for rigid plastic packaging in pharmaceutical and personal care industries owing to its properties such as lightweight, strength, and durability, which is anticipated to drive the target market.

However, stringent government regulations regarding the use of plastics as a packaging material are expected to hamper the growth of the potential market.

Global Rigid Plastic Packaging Market: Raw Material Analysis

Among the raw material segments, the bioplastics segment is projected to grow at a higher growth rate in the global market.

Bioplastics are manufactured from biodegradable feedstock. Growing awareness regarding the use of bioplastics as an alternative to conventional plastics in packaging applications is expected to augment the revenue growth of the segment.

Global Rigid Plastic Packaging Market: Application Analysis

Among the application segments, the food & beverage segment is projected to account for a major share of the potential market. Increasing demand for convenience food in developing countries is estimated to support the revenue growth of the segment.

Rigid packaging offers various benefits such as high stiffness, high impact strength, and high barrier properties is a major factors projected to drive the growth of the segment.

Global Rigid Plastic Packaging Market: Regional Analysis

The Asia Pacific rigid plastic packaging market is projected to account for a significant share of the rigid plastic packaging market.

Increasing penetration of the food industry in the region owing to rapid urbanization and increasing population is a key factor anticipated to drive the growth of the potential market in the Asia Pacific over a few years.

Rising demand for beverages such as alcohol, dairy, and non-alcoholic beverages in the region is anticipated to support the growth of the target market.

The Asia Pacific is the largest manufacturer and consumer of rigid plastics followed by North America. The rigid plastic packaging market in North America is anticipated to grow at a moderate growth rate over the next few years.

Growing demand for rigid plastic packaging in various applications such as food, beverage, consumer goods, and others is expected to drive the growth of the target market in North America.

Moreover, increasing spending of various oil & gas companies for plant set-up in the region is anticipated to boost the growth of the rigid plastic packaging market in the Asia Pacific.

Global Rigid Plastic Packaging Market Segmentation:

Segmentation by Raw Material:

• Bioplastics
• Polyethylene Terephthalate
• Polyethylene
• Polystyrene
• Polypropylene
• Polyvinyl Chloride
• Others

Segmentation by Production Process:

• Extrusion
• Injection Molding
• Thermoforming
• Injection Molding
• Others

Segmentation by Application:

• Food & Beverage
• Personal Care
• Healthcare
• Industrial Packaging
• Others

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa