Rigid Plastic Packaging Market valued at US $221.01 Billion in 2022 is anticipated to reach a value of US $3908.10 Billion in 2030, growing at a CAGR of 43.2%.
Plastics are high molecular weight organic compounds made up of a wide variety of synthetic organic compounds that are malleable and may be moulded into a variety of shapes. Packaging is a technology that encloses and safeguards diverse product kinds for usage, storage, distribution, and sale. Petroleum and its derivatives are used to create plastic packaging materials, which have a wide range of applications across numerous end-use industries. Due to their great durability, light weight, low cost, and recyclable nature, plastic bottles find extensive use in the food and beverage, pharmaceutical, and cosmetics industries. PET is utilised as the main feedstock in the production of these bottles. These elements support the expansion of the plastic packaging market.
For the packaging of new bottles and containers, rigid plastic packaging uses plastic materials like polypropylene (PP), high-density polyethylene (HDPE), and polyethylene (PET). These materials are lightweight and enduring. Packaging made of polyethylene and polypropylene can be used in a variety of industries, including food and beverage, agriculture, aerospace, automotive, and medical.
In the future, rising demand for stiff plastic packaging that degrades naturally is anticipated to drive market expansion. Additionally, consumer preferences for beverages and other home care products are beneficial for the market for rigid plastic packaging. In addition, the industry is growing as urbanisation continues to rise quickly. Additionally, in the near future, market growth will be positively impacted by the rising disposable income of the populace.
Segmental analysis of the Market:
Based on Material
- Polyethylene (PET)
- Polypropylene (PP)
- High density polypropylene (HDPE)
- Others
Based on Production Process
- Extrusion
- Injection Molding
- Blow Molding
- Thermoforming
- Others
Based on End User
- Food & Beverage
- Personal Care
- Household
- Healthcare
- Others
Competitive Landscape
Some of the prominent companies operating in the market are
- ALPLA-Werke Alwin Lehner GmbH & Co KG
- Amcor Limited
- DS Smith Plc
- Berry Plastics Corporation
- Klöckner Pentaplast
- Plastipak Holdings, Inc.
- Pactiv Evergreen Inc
- Sealed Air Corporation
- Silgan Holdings, Inc.
- Sonoco Products Company.
Major questions answered in this report
- What is the growth rate of the Global Rigid Plastic Packaging Market?
- What are the primary growth determinants of the market?
- Which are the major regions constituting the geographical landscape of the market?
- Which are the prominent companies operating in the market?
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