IMARC Group, a leading market research company, has recently releases report titled “Rigid Plastic Packaging Market Report by Product (Bottles and Jars, Trays and Containers, Caps and Closures, and Others), Material (Polyethylene (PET), Polypropylene (PP), High Density Polypropylene (HDPE), and Others), Production Process (Extrusion, Injection Molding, Blow Molding, Thermoforming, and Others), End Use Industry (Food and Beverages, Personal Care and Cosmetics, Household, Healthcare, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the market.

How Big is the Rigid Plastic Packaging Market?

The global rigid plastic packaging market size reached US$ 240.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 353.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.23% during 2024-2032.

Industry Overview of Rigid Plastic Packaging

Rigid plastic packaging represents the utilization of plastic materials, including polypropylene (PP), highly-density polyethylene (HDPE), polyethylene (PET), etc., for packaging new bottles and containers. It is sturdier, heavier, and stronger than flexible packaging. Consequently, rigid plastic packaging is extensively used for wrapping fragile food items that need enhanced protection. These products have recyclable plastic containers with open tops and separate closures, lids, or covers that are usually viewed as nestable food containers. In line with this, rigid plastic packaging offers various benefits, including low cost and longevity. Consequently, it finds wide-ranging applications in several industries, such as food and beverage (FB), healthcare, agriculture, automotive, personal care, etc.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/rigid-plastic-packaging-market/requestsample

What are the growth prospects and trends in the rigid plastic packaging industry?

The increasing utilization of packaged goods and the expanding e-commerce industry are primarily driving the rigid plastic packaging market. Furthermore, the widespread adoption of plastic packaging for the protection of medicines from contamination is also positively influencing the global market. Apart from this, the growing consumer awareness towards biodegradable plastic packaging is acting as another significant growth-inducing factor.

Moreover, the implementation of stringent regulations by government bodies across countries regarding product safety standards, the rising number of construction activities, and the inflating disposable income levels of individuals, are further catalyzing the market growth. Besides this, the escalating demand for flexible packaging in the nutraceutical sector and extensive investments in RD activities by leading manufacturers are augmenting the global market.

Additionally, continuous technological advancements in the automotive industry are anticipated to fuel the rigid plastic packaging market over the forecasted period.

Leading Companies Operating in the Global Rigid Plastic Packaging Industry:

• ALPLA
• Altium Packaging LLC
• Amcor plc
• Berry Global Inc.
• DS Smith plc
• Graham Packaging Company
• Pactiv Evergreen Inc.
• Plastipak Holdings Inc.
• Saudi Basic Industries Corporation (Saudi Arabian Oil Company)
• Silgan Holdings Inc.
• Sonoco Products Company
• Winpak Ltd.

Rigid Plastic Packaging Market Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product:

• Bottles and Jars
• Trays and Containers
• Caps and Closures
• Others

Breakup by Material:

• Polyethylene (PET)
• Polypropylene (PP)
• High Density Polypropylene (HDPE)
• Others

Breakup by Production Process:

• Extrusion
• Injection Molding
• Blow Molding
• Thermoforming
• Others

Breakup by End Use Industry:

• Food and Beverages
• Personal Care and Cosmetics
• Household
• Healthcare
• Others

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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