Rigid Plastic Packaging Market to grow by USD 74.5 billion between 2024-2028
According to a research report “ Rigid Plastic Packaging Market” by Type (Bottles, Containers, Caps and closures, Others) End-user (Food, Healthcare, Cosmetic and toiletries, Beverages, Industrial) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 74.5 billion at a CAGR of 6.01% during the forecast period. In the food industry, perishable products' contamination during storage is a significant concern, leading to an annual loss of over USD14 billion due to food spoilage at the retail level. To mitigate this issue, businesses turn to rigid plastic packaging as a solution. This market segment offers innovative solutions, such as Sonoco Products Company's hinged and lidded containers, which maintain food freshness, naturalness, and health while extending shelf life..
Browse market data tables, figures, and in-depth TOC on “Rigid Plastic Packaging Market” by Type (Bottles, Containers, Caps and closures, Others) End-user (Food, Healthcare, Cosmetic and toiletries, Beverages, Industrial) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028.
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By Type, the Bottles segment is projected to dominate the market size in 2024.
The Rigid Plastic Packaging Market exhibits robust growth, driven by the sector's versatility and cost-effectiveness. This market caters to various industries, including food and beverage, pharmaceuticals, and consumer goods. Key trends include the adoption of sustainable materials and advanced technologies, such as barrier coatings and recycling processes. Businesses benefit from rigid plastic packaging's durability, protection, and branding capabilities.
By End-user, Food segment is expected to hold the largest market size for the year 2024.
The Rigid Plastic Packaging Market exhibits robust growth, driven by the sector's versatility and cost-effectiveness. This market caters to various industries, including food and beverage, pharmaceuticals, and consumer goods. Key trends include the adoption of sustainable materials and advanced technologies, such as barrier coatings and recycling processes. Businesses benefit from rigid plastic packaging's durability, protection, and branding capabilities.
APAC is forecasted to hold the largest market size by region in 2024.
The Rigid Plastic Packaging Market exhibits robust growth, driven by the sector's versatility and cost-effectiveness. This market caters to various industries, including food and beverage, pharmaceuticals, and consumer goods. Key trends include the adoption of sustainable materials and advanced technologies, such as barrier coatings and recycling processes. Businesses benefit from rigid plastic packaging's durability, protection, and branding capabilities.
The Rigid Plastic Packaging Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Rigid Plastic Packaging Market encompasses a wide range of industries, including cosmetics and toiletries, non-alcoholic and alcoholic beverages, juice, water, and various consumer goods. Fiber-based materials have been traditionally used in these sectors, but rigid plastic packaging offers several advantages, such as lightweight, durability, and improved product protection. In the cosmetics and toiletries sector, rigid plastic packaging is used for hair care, ornamental cosmetics, body care, perfume, and oral care products. The beverage industry, particularly juice and water, relies heavily on rigid plastic containers due to their lightweight and shatter-resistant properties. The household industry utilizes various rigid plastic packaging techniques such as thermoforming, blow molding, injection molding, and extrusion to produce containers for various consumer goods. Recycling rates for rigid plastic packaging have improved significantly in recent years, making it a more sustainable option for various industries, including medical, aerospace, agriculture, and food and beverages. Rigid plastic packaging is commonly made from polyethylene (PET), high-density polyethylene (HDPE), and polypropylene (PP), which offer unique properties suitable for various applications. Overall, the rigid plastic packaging market continues to grow due to its versatility, durability, and sustainability.
Market Research Overview
The Rigid Plastic Packaging Market encompasses a wide range of industries, including Food and Beverages, Cosmetics and Toiletries, Pharmaceuticals, and Household. Key packaging materials in this market are Polyethylene Terephthalate (PET), Polystyrene (PS), Polyvinyl Chloride (PVC), and Polypropylene (PP). Rigid plastic packaging finds extensive applications in various sectors such as Food and Beverages, with products like Ketchup, Mayonnaise, and Juice containers; Cosmetics and Personal Care, with items like Hair care products, Ornamental cosmetics, Body care, Perfume, Oral care, Skin care, Sun care, and Packaging materials; and Pharmaceuticals, where customizable packaging is crucial for Product safety. Government restrictions play a significant role in the Rigid Plastic Packaging Market, particularly in the Pharmaceuticals sector and Personal care sector. Strict regulations ensure compliance with consumer safety and sustainability concerns. Eco-friendly packaging solutions, such as Fiber-based materials, are gaining popularity due to consumer preferences for sustainability and Recycling technologies. Recycling rates for Rigid Plastic Packaging continue to improve, with advancements in Recycling technologies and increasing focus on Consumer goods, Medical, Aerospace, Agriculture, and Electronics industries.
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