IMARC Group, a leading market research company, has recently releases report titled “Rigid Plastic Packaging Market Report by Product (Bottles and Jars, Trays and Containers, Caps and Closures, and Others), Material (Polyethylene (PET), Polypropylene (PP), High Density Polypropylene (HDPE), and Others), Production Process (Extrusion, Injection Molding, Blow Molding, Thermoforming, and Others), End Use Industry (Food and Beverages, Personal Care and Cosmetics, Household, Healthcare, and Others), and Region 2023-2028”, Offers a comprehensive analysis of the industry, which comprises insights on the market.
How Big Is the Rigid Plastic Packaging Market?
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.
Industry Overview of Rigid Plastic Packaging
Rigid plastic packaging is made from high-strength plastic polymers, designed to maintain its shape and structural integrity under pressure. It comprises materials like polyethylene (PE), polyethylene terephthalate (PET), and polypropylene (PP). It is available in various forms, such as plastic bottles, jars, tubs, and clamshell containers. It provides durability, barrier properties, and an efficient strength-to-weight ratio, making it an appropriate choice for manufacturers and consumers. It is used for packing a wide variety of personal care products, including shampoos, lotions, and cosmetics, offering durability, airtight sealing, and easy dispensing features.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/rigid-plastic-packaging-market/requestsample
What are the growth prospects and trends in the rigid plastic packaging industry?
The rising demand for durable, lightweight, and cost-effective packaging solutions in the food and beverage (F&B) industry to pack perishable goods is impelling the market growth. Additionally, technological advancements in polymer science to create advanced rigid plastics with improved barrier properties are supporting the market growth.
Besides this, the increasing utilization of rigid packaging in the pharmaceutical industry to pack various over-the-counter (OTC) medications and other healthcare products that require a high degree of protection against contamination is contributing to the growth of the market. Moreover, the rising employment of smart packaging technologies, consisting of temperature-sensitive labels and quick response (QR) codes, are propelling the market growth.
In addition, the growing emergence of smart manufacturing technologies that streamline the production processes of rigid plastic packaging is offering a favorable market outlook.
Leading Companies Operating in the Global Rigid Plastic Packaging Industry:
- 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.
Rigid Plastic Packaging Market Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Bottles and Jars
- Trays and Containers
- Caps and Closures
- Others
Breakup by Material:
- Polyethylene (PET)
- Polypropylene (PP)
- High Density Polypropylene (HDPE)
- Others
Breakup by Production Process:
- Extrusion
- Injection Molding
- Blow Molding
- Thermoforming
- Others
Breakup by End Use Industry:
- Food and Beverages
- Personal Care and Cosmetics
- Household
- Healthcare
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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