The Global Rigid Plastic Packaging Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Rigid Plastic Packaging Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.
The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The Rigid Plastic Packaging Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.
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Forecast Growth Projected:
The global rigid plastic packaging market size was valued at USD 289.32 billion in 2024. The market is projected to grow from USD 302.69 billion in 2025 to USD 401.36 billion by 2032, exhibiting a CAGR of 4.11% during the forecast period.
List of the Key Players in the Rigid Plastic Packaging Market:
- Amcor (Switzerland)
- Berry Global (U.S.)
- Silgan Holdings (U.S.)
- Sonoco Product Company (U.S.)
- Mauser Packaging Solutions (U.S.)
- Greif Inc. (U.S.)
- Schütz GmbH & Co. KGaA (Germany)
- Schoeller Allibert Services B.V. (Netherlands)
- Klöckner Pentaplast (U.K.)
Competitors Landscape:
The realm of Rigid Plastic Packaging Market is rife with cutthroat competition and fragmentation, a result of the considerable presence of both global conglomerates and domestic contenders. Industry insiders situated in diverse geographical regions are formulating and executing effective strategies to exploit unexplored opportunities and extend their business outreach. In this highly aggressive environment, prominent players are aggressively pursuing tactics to enhance their market share through various channels.
Segmentation:
Polyethylene (PE) Segment to Dominate Due to its Lightweight and Affordability: Based on material, the market is classified into Polyethylene (PE), Polyethylene terephthalate (PET), Polypropylene (PP), Polyvinyl chloride (PVC), and others. The Polyethylene (PE) segment dominates the market as it is lightweight, economical, and provides protection against water vapor.
Bottles & Jars Segment Augment’s Growth Due to its Increasing Applications: Based on product type, the market is divided into bottles & jars, containers, trays & pallets, IBC’s, clamshell, drums, caps & closures, and others. The bottles & jars segment holds the largest rigid plastic packaging market share as it has applications in various end-use industries, such as pharmaceutical, automotive, food & beverage, building & construction, and several others.
Food & Beverage Segment Growth Driven by Increasing Intake of Healthy Drinks Globally: Based on application, the market is classified into food & beverage, pharmaceutical, personal care & cosmetics, home care, industrial, and others. The food & beverage segment dominates the market during the forecast period due to the increasing consumption of healthy drinks, including protein shakes and milk products, and growing health concerns among all generations.
Drivers & Restraints
Growing Plastic Material Recyclability to Drive Market Growth
The governments of many countries have banned plastic usage as it is considered to be an unsustainable and non-environment-friendly material. Many countries are focusing on adopting more clean and low-impact plastic packaging material that can be recycled. The growing adoption of recyclable material and innovation in technologies is driving the rigid plastic packaging market growth during the forecast period. However, the increasing use of flexible products that offer benefits, such as easy customizability and printability over rigid plastic packaging may hinder market growth.
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