Latest News- Rigid Plastic Packaging Market: Bottles is expected to lead the Type segment during 2025-2029

The Rigid Plastic Packaging Market is being driven by Rising demand for rigid plastic packaging from food and beverage industry

The Rigid Plastic Packaging Market is expected to grow at a CAGR of 6.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 84.1 billion. In the packaging industry, businesses are increasingly prioritizing sustainability in response to growing environmental concerns from both consumers and regulatory bodies. Fiber-based packaging materials, which are reusable, renewable, or biodegradable, have emerged as a preferred choice due to their eco-friendliness and compliance with environmental protection guidelines. These materials are widely adopted in sectors such as food and beverage, chemical, and construction, and some businesses are now offering fiber-based packaging solutions to cater to this demand. The use of fiber-based materials not only reduces the environmental impact of packaging but also enhances a company's reputation as a responsible business. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Bottles
  • Containers
  • Caps and closures
  • Others
• End-user
  • Food
  • Healthcare
  • Cosmetic and toiletries
  • Beverages
  • Industrial
• Material
  • Polyethylene
  • Polypropylene
  • Polyvinyl Chloride
  • Polystyrene
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for rigid plastic packaging from food and beverage industry
• Growing consumption of packaged beverage
• Increasing demand for rigid plastic packaging from healthcare industry

However, the market also witnesses some limitations, which are as follows:

• High cost of recycling rigid plastic products
• Availability of substitutes for packaging
• Stringent regulations related to usage of plastics

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Market Scope in Rigid Plastic Packaging Market Research Report

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Research Analysis Overview

The Rigid Plastic Packaging Market encompasses various components including closure systems, caps, and lids. It also covers labeling materials and printing technologies such as Inkjet, Flexographic, and Digital. Packaging films, laminates, foams, protective films, and various advanced packaging solutions like moisture absorbers, aseptic, vacuum, modified atmosphere, active, and smart packaging are part of this market. Additionally, RFID tagging, packaging line integration, optimization, and process efficiency are key areas of focus. Sustainability is a major trend, with packaging waste reduction, material sourcing, recycling, disposal, life cycle analysis, and environmental impact assessment all important considerations. Compliance with packaging regulations and food contact standards, consumer engagement, brand storytelling, and packaging communication are also essential. Innovative trends include bio-based plastics, plant-based polymers, and recycled plastic content. Packaging design and sustainable packaging trends continue to shape the market.

Market Research Overview

The rigid plastic packaging market encompasses a diverse range of products, including PET bottles, HDPE containers, PVC packaging, PP packaging, and PS packaging, which are manufactured using various raw materials such as HDPE, LDPE, PET, PP, and PVC. The supply chain for this market is intricately layered, with raw material suppliers playing a crucial role in providing the necessary inputs, such as HDPE pellets, PET resin, PP granules, and PVC resin. The manufacturing process, typically involving injection molding, transforms these raw materials into finished products, ensuring they meet stringent quality standards and market demands. Subsequently, these products are distributed through multiple channels to reach end-users, ensuring the timely and efficient delivery of packaging solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/