Rigid Plastic Packaging Market to Reach US$ 281,619.9 million by 2030

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Market Research Report EXCLUSIVE EDITION
Global Rigid Plastic Packaging Market Report
Opportunities, and Forecast By 2030
Global Industry Analysis, Forecast and Trends,
2030
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Global Rigid Plastic Packaging Market 2020
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Rigid Plastic Packaging Market 2022 Industry
Size, Regions, Emerging Trends, Growth Insights,
Opportunities, and Forecast By 2030
Rigid Plastic Packaging Market by Material (PP,
PET, HDPE, and Others), by End-Users (Food and
Beverage, Personal Care, Household, Healthcare,
and Others), by Region Global Share and
Forecast to 2030
Description
The global rigid plastic packaging market was
valued at USD 192,070.0 million in 2021 and is
projected to reach USD 281,619.9 million by 2030,
growing at a CAGR of 4.9 from 2022 to
2030. Rigid plastic packaging involves the
utilization of plastic material for
packaging. These materials are widely used to
produce trays, containers, boxes, cases, and
other plastic packages. Plastic is among the
highly used materials for packaging due to its
innovative visual appeal and durability. Rigid
plastic packaging offers unique benefits such as
stiffness, high impact strength, and high barrier
properties, a boon for the market. Though rigid
packaging has existed for many decades, it
continues to evolve to meet the needs of changing
consumer landscape. Consumer goods is a highly
fragmented industry where product differentiation
and packaging play a key role. A rise in the
global consumption of consumer goods fuels the
demand for rigid plastic packaging. Additionally,
improving packaging recycling rates worldwide
will drive market growth. Furthermore, Rigid
plastics are being used in a wide range of
packaging due to their cost-effectiveness. Though,
the key restraint for the rigid plastic
packaging market is related to plastics. Plastics
have several harmful effects on the environment
and people. There have been several calls from
organizations on banning plastics. The ban on
plastic packaging would negatively affect the
growth of the market. Also, the rise in
e-commerce sales would offer lucrative growth
opportunities for the market's growth.
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Plastics play a significant role in the packaging
industry for functional and economic
reasons. Plastics are comparatively lower in cost
and lightweight than other packaging
materials. Rigid plastics are used in a wide
range of packaging due to their
cost-effectiveness. Apart from cost, their
versatility and ability to perform exceptionally
well at low temperatures also drive the market
for rigid plastics in packaging. One of the
primary examples is the trend of glass
replacement by rigid plastics to satiate the high
demand for bottles. Heat resistant and high
barrier plastics replace traditional materials
such as metal and glass. Request Sample Copy of
this Report https//www.marketstatsville.com/requ
est-sample/rigid-plastic-packaging-market Global
Rigid Plastic Packaging Market Dynamics Drivers I
mproved recycling rates for packaging The reuse
and recycling of packaging materials have gained
significant attention globally over the last few
years. Recycling refers to the conversion of any
waste into a reusable material. Recycling of
packaging is highly witnessed for PET bottles and
HDPE milk bottles. The recycling of rigid plastic
packaging reduces the consumption of raw
materials, which leads to a decline in water and
air pollution. Thus, helping in the reduction of
greenhouse gases. With recycled packaging
materials, CO2 emissions can also be
controlled. The rigid plastics packaging
materials have witnessed significant recycling
rates. Many governments and industry players have
formulated plans to tackle plastic waste by
recycling. Restraints Uncertain raw material
prices
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Some of the key raw materials packaging companies
use board, paper, aluminum, polymer, glass, and
steel. These materials are used for both consumer
and industrial packaging. The fluctuating prices
of these raw materials put the packaging
companies in a potentially vulnerable position in
the value chain. Key material suppliers are
typically large enterprises, which have the power
to pass on their higher commodity costs which
leads to an increase in prices of materials,
which in turn increases input prices. On the
buyer side, packaging companies have to supply
their products to large and powerful consumer
goods companies, which cannot pass on the price
increase to end consumers, thereby using the
threat of switching to keep suppliers in
line. Fluctuating prices and unavailability of
certain raw materials at certain geographic
regions constitute higher costs for rigid
packaging manufacturers. Opportunities Rise in
e-commerce sales globally E-commerce sales grew
by 18 from 2017 to 2018. The boom in e-commerce
offers huge potential for the future growth of
retailing worldwide, which, in turn, accelerates
the growth of the rigid plastic packaging
sector. Over the past few years, e-commerce has
become a preferred mode of purchase for many
consumers, mainly due to technological
advancements. The rigid plastic packaging
industry is mitigating its supply by being ahead
of the technological curve and adjusting to
different sets of challenges presented by the
e-commerce industry compared to traditional sales
channels. Packaging companies design packages
that must be durable enough to withstand the
often complex manual and automated supply chains
involved in delivering products to
consumers doorstep. The development of the
e-commerce industry presents a widespread
opportunity for the rigid plastic packaging
market. Scope of the Report The study categorizes
the rigid plastic packaging market based on
material and end-users at the regional and global
levels. Direct Purchase Report https//www.marke
tstatsville.com/buy-now/rigid-plastic-packaging-ma
rket?opt2950
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• By Material Outlook (Revenue, USD Million,
  2017-2030)
• PET
• PP
• HDPE
• Others
• By End-Users Outlook (Revenue, USD Million,
  2017-2030)
• Food and Beverage
• Personal Care
• Household
• Healthcare
• Others
• By Region Outlook (Revenue, USD Million,
  2017-2030)
• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru,
  Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain,
  Poland, Russia, Slovenia, Slovakia, Hungary,
  Czech Republic, Belgium, the Netherlands, Norway,
  Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea,
  Indonesia, Malaysia, Thailand, Vietnam, Myanmar,
  Cambodia, the Philippines, Singapore, Australia
  New Zealand, Rest of Asia Pacific)
• The Middle East Africa (Saudi Arabia, UAE,
  South Africa, Northern Africa, Rest of MEA)'

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The PET segment is projected to account for the
largest market share, by material On the basis of
type, the global rigid plastics packaging market
is segmented intopolyethylene terephthalate (PET)
, polypropylene (PP), High-density
polyethylene (HDPE), and others. In 2021, the
PET segment accounted for the largest market
share of 70.1 in the global rigid plastic
packaging market. Polyethylene terephthalate is a
thermoplastic polymer resin. It is combined with
glass fiber for engineering resins, fibers for
clothing, thermoforming for manufacturing, and
containers for foods and beverages. Polyethylene
terephthalate (PET) is among the important
commercial polymers with applications ranging
from the packaging of electronics, automotive
parts, and others. PET rigid plastic packaging
provides significant advantages over other types
due to their recycling and reusable
capacities. It includes soft drink cans, food
cans, drums pails, aerosol containers, tubes,
etc. Moreover, recycled PET can be converted into
fabrics, fibers, and sheets for manufacturing and
packaging automotive parts. The recycling rate of
PET has increased to 0.8 from 2016 to 2017. This
increase reflects the growth opportunities for
the market. Request For Report
Description https//www.marketstatsville.com/pres
s-release/rigid-plastic-packaging-market
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