Global Rigid Plastic Packaging Market Analysis & Trends - Industry Forecast to 2030

Global Rigid Plastic Packaging Market Analysis & Trends - Industry Forecast to 2030

Rigid Plastic Packaging: Market Size

From $270.29 million in 2024, the global Rigid Plastic Packaging market is projected to reach $445.86 million by 2030. Based on our analysis the market is expected to grow at a CAGR of 8.7% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include rapid change in demographic trends, drastically change in lifestyle patterns and growing demand from the food & beverage packaging industry.

Global Rigid Plastic Packaging Market: Market Dynamics

Increasing disposable income, growing consumer expenditure, rising population, and growing demand for it from the healthcare industry are one of the factors that will trigger the growth of the market. It helps enterprises in the healthcare industry to protect medicines from contamination. The medical product packaging must be compliant with international regulatory standards for safety. Therefore, the properties of rigid plastic, along with its durability, lightweight, cleanliness, and transparency, make it the perfect choice for storing medical products.

On the other hand, the stringent government regulations toward the use of plastic and fluctuation in raw material prices is likely to obstruct the profit boundaries. In addition, rise in e-commerce sales will further boost for the Rigid Plastic Packaging market.

Impact of COVID-19 on Rigid Plastic Packaging

With the outbreak of COVID-19, rigid plastic packaging is witnessing growth, owing to the demand for essential services, such as personal and healthcare products. The demand for the products, such as pharmaceutical bottles, pumps, and, high-density polyethylene containers have been witnessed. Though, demand from the packaging of non-essential industries is decreasing, with many countries under lockdown and restricted movement across countries. The nearly one million employees of the plastics industry are working tirelessly to provide the material that is needed at the frontline. From medical supplies to food packaging, plastics are essential in the effort to stop the spread of this virus. Plastics will only become more and more vital to help keep our families healthy, our food fresh and protected, and our healthcare workers safe. Major suppliers are shifting their non-essential packaging capacities to essential packaging to cater to the increased demand in the food and healthcare sectors. Apart from these, standard packaging products are making a comeback to the market to ease the supply chain.

By Raw Material

Polyethylene Segment Dominate the Market in 2024

The polyethylene segment made huge revenue in 2024 and growing its prominence during the forecast period. The factors that can be accredited to its advantages over other types of plastic packaging materials and reusable capacities and the rise in consumer preferences for processed and packaged foods are accelerating the demand for the segment. Superior barrier properties, high tensile strength, better surface finish, and low cost allows polypropylene to be an ideal product for numerous packaging applications.

By Geography

Asia Pacific Region is Leading in the Global Market Place

Asia Pacific region is likely to have a huge demand in the forecast period, owing to the emerging economies of India and China. With the growth in the applications of rigid plastic packaging in the food, beverage, and healthcare industries the market is poised to grow. Factors, such as the increasing disposable income, rising consumer spending, and increasing population are likely to boost the demand for consumer goods, which in turn will support the growth of the market in Asia-Pacific.

List of the Key Players Profiled in the Market Include:

• ALPLA
• Amcor Plc
• Berry Global Group
• Consolidated Container Co LLC
• Coveris Holdings S.A.
• DS Smith
• Graham Packaging Company Inc
• Plastipak Holding
• Reynolds Group Holding
• Sealed Air
• Silgan Holdings
• Sonoco Products Company

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others Show more