Future Outlook of the Rigid Plastic Packaging Industry: Analyzing Market Trends and Growth Factors | Expert Review & Forecast

The Rigid Plastic Packaging Industry refers to the sector that produces and supplies packaging materials made from rigid plastic materials. Rigid plastic packaging refers to containers, bottles, jars, and other packaging products that are made from rigid plastic materials such as polyethylene terephthalate (PET), polyethylene (PE), polypropylene (PP), polystyrene (PS), and others.?The global Rigid plastic packaging market is projected to grow from?USD 207.8 billion in 2022 to USD 262.5 billion by 2027, at a CAGR of 4.7%?between 2022 and 2027.

Browse?203 market data Tables and?52 Figures spread through?225 Pages and in-depth TOC on?"Rigid Plastic Packaging Market by Type, Application (Food, Beverages, Healthcare, Cosmetics, Industrial), Raw Material (Bioplastics, PE, PET, PS, PP, PVC, EPs, PC, Polyamide), Production Process, and Region - Global Forecast to 2027

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The scope of the Rigid Plastic Packaging Industry is vast, as it serves various end-use industries. Some of the key sectors that rely on rigid plastic packaging include:

??Food and Beverage Industry:?Rigid plastic packaging is extensively used in the #foodandbeverageindustry for #packaging products such as bottled water, #softdrinks, #dairyproducts, #sauces, #condiments, #snacks, and more. Plastic bottles, jars, and containers are popular choices due to their durability, lightweight nature, and ability to preserve the freshness of food and beverages.

??Personal Care and Cosmetics Industry:?Rigid plastic packaging plays a crucial role in the personal care and cosmetics industry. It is used for packaging products like #shampoo bottles, #lotion containers, cosmetic jars, #tubes, and other beauty and personal care products. Plastic packaging offers advantages such as visual appeal, ease of use, and protection of the contents.

??Pharmaceuticals and Healthcare Industry:?Rigid plastic packaging is widely used in the #pharmaceutical and #healthcare industry for packaging #medicines, #tablets, #capsules, #syrups, #medicaldevices, and other #healthcare products. Plastic packaging provides a sterile and secure environment for pharmaceutical products, ensuring their safety and efficacy.

??Household and Cleaning Products:?Rigid plastic packaging is prevalent in the household and cleaning product industry. It is used for packaging products such as laundry #detergents, cleaning agents, #dishwashing liquids, and more. Plastic containers are chosen for their resistance to chemicals and their ability to withstand the rigors of transportation and storage.

??Industrial and Chemicals Sector:?Rigid plastic packaging is also used in the industrial and chemicals sector for packaging various #chemicals, lubricants, #paints, #adhesives, and other industrial products. Plastic containers provide durability and chemical resistance, ensuring the safe storage and transportation of these products.

Rigid Plastic Packaging Market Key Players:

Amcor Plc(Switzerland), Berry Global, Inc. (US), Pactiv Evergreen Inc. (US), Silgan Holdings Inc. (US), Sonoco Products Company(US), DS Smith Plc(UK), ALPLA Group (Austria), Takween Advanced Industries (Saudi Arabia), 沙特基础工业公司 .( (Saudi Arabia)), Al Jabri Plastic Factory (UAE), NUPLAS INDUSTRIES FZCO (UAE), Altium Packaging LP (US) and Plastipak Holdings, Inc.(US) among others are the key players operating in the Rigid plastic packaging market.

Amcor Plc (Amcor)?is a provider of packaging solutions. It offers plastic, fiber, metal, and glass packaging products such as pet bottles, plastic bottles and jars, capsules and closures, specialty folding cartons, free films, bags and pouches, wrappers, rigid containers, laminates, and flow packs. The company’s products find application in various industries such as food & beverage, including spirits and wine, confectionery, fresh produce, pet food, coffee, and dairy packaging. It also serves medical-device, healthcare, pharmaceutical, and personal care and home product markets. The company has its presence in Western Europe, APAC, North America, and Oceania.

ALPLA?is one of the leading companies in the world in the area of packaging solutions and is renowned throughout the world for producing plastic packaging of the highest quality. Around 21,600 employees at 181 locations across 46 countries produce high-quality plastic packaging for brands in the food, beverage, pharmaceutical, oil and lubricant, home, and beauty care industries.

Tube, Cups and Pots?to be the fastest growing type in Rigid Plastic Packaging during forecast period

Rigid plastic tubs, cups, and pots are used in the food service and retail industry to package anything from cream and dips to insecticides. Cups are precision thermoformed, which are sealed using a heat sealable flexible lid. These cups generally have flat edges for perfect seals. Some rigid cups also have rolled rims. These products are generally used to pack dairy products such as cream, yogurt, and dairy desserts. The segment is projected to witness the highest growth rate as a result of the growing demand for single-serve packs and properties such as cost-effectiveness, portion control, and less environmental impact.

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Healthcare is to be the 3rd?largest markets share segment in the Rigid Plastic Packaging Market?during the forecast period

Healthcare products, which include pharmaceutical and medical products, are required to be protected from light, moisture, contamination, physical damage, or anything that can alter the quality of the products. The packaging quality of healthcare products plays a vital role in ensuring their protection. It involves the manufacture of a wide range of packaging materials such as paper, paperboard, cardboard, and rigid plastic packaging material. The growth in rigid plastic packaging is estimated to continue in global medication consumption, which is expected to be significantly driven by the aging demographic, leading to the increasing number of diseases and disorders. This will increase the demand for pharmaceutical products, which will further support the growth in rigid plastic packaging.

By raw material, Polyethylene Terephthalate?(PET) to be the 3rd?largest share in the Rigid Plastic Packaging Market?during the forecast period

Polyethylene Terephthalate (PET) is a general-purpose thermoplastic polymer that belongs to the?polyester family?of polymers. Polyester resins are known for their excellent combination of properties such as mechanical, thermal, chemical resistance as well as dimensional stability attributes include superior transparency equal to that of glass, high mechanical strength, high rigidity at lower wall thickness, high flexibility, and high puncture resistance. These attributes enable the production of dimensionally stable rigid packaging with relatively small wall thickness and excellent oxygen barrier qualities, which make it suitable for packaging fresh foodstuffs. The application of polyethylene terephthalate takes place in industries such as food packaging, pharmaceutical packaging, box making, and electronics.

North America to be the 3rd?largest share?in the Rigid plastic packaging market?during the forecast period

The rigid plastic packaging market in #northamerica is expected to grow steadily during the forecast period. The market in this region is driven by technological advancements in the #packagingindustry. The demand for rigid plastic packaging will also be driven by factors such as increasing sales of consumer durables, high disposable income, and increasing demand for packaged foods. The US held a major share of the North American rigid plastic packaging market The rigid plastic packaging market in the US is mature and is expected to progress with a steady growth rate, mainly due to increasing sales of consumer durables in the country. As rigid plastic packaging finds application in consumer durables, the increasing demand for consumer durables will drive the market for rigid plastic packaging in the US. The growth in the rigid plastic packaging market in the US will be supported by the increased spending on healthcare products, as the healthcare industry is one of the largest consumers of rigid plastic packaging. This will boost the demand for pharmaceutical and medical products, further supporting the growth in the packaging industry.