Global Rigid Plastic Packaging Market Report 2023: Increasing Demand from End-users Such as the Food and Beverage Industry Drives Growth

DUBLIN, May 22, 2023 /PRNewswire/ -- The "Rigid Plastic Packaging Global Market Report 2023" report has been added to  ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the market.

The global rigid plastic packaging market is expected to grow from $219.29 billion in 2022 to $233.71 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The rigid plastic packaging market is expected to reach $290.03 billion in 2027 at a CAGR of 5.5%.

Major players in the rigid plastic packaging market are Berry Global Inc., Amcor Plc, Silgan Holdings Inc., Pactiv Evergreen Inc, DS Smith Plc., Al Jabriplastic., Sealed Air, Takween Advanced Industries, Plastipak Holdings Inc., Anchor Packaging LLC, Bemis Manufacturing Company, ALPLA Group, Sonoco Products Company, Klockner Pentaplast, and Gerresheimer AG.

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Rigid plastic packaging refers to packaging that typically uses stronger and heavier materials than flexible packaging. This is used to provide structure and support for products.

The main types of rigid plastic packaging are boxes, bottles and jars, cans, blister packs, clamshells, trays, intermediate bulk containers (IBC), and others. A box refers to a container that has a flat bottom and is used to protect foods from damage, provide food safety, and extend the freshness of foods. The various materials include polyethylene, polypropylene, high-density polypropylene, and others. The various manufacturing process includes extrusion, injection molding, and others, and are used by various end-users such as food and beverages, personal care, household, healthcare, and others.

The rigid plastic packaging market research report is one of a series of new reports that provides rigid plastic packaging market statistics, including rigid plastic packaging industry global market size, regional shares, competitors with a rigid plastic packaging market share, detailed rigid plastic packaging market segments, market trends and opportunities, and any further data you may need to thrive in the rigid plastic packaging industry. This rigid plastic packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Technological advancement is the key trend gaining popularity in the rigid plastic packaging market. Major companies operating in the rigid plastic packaging market are focusing on developing new technologies.

For instance, in September 2022, Amcor Plc., an Australia-based global packaging company, launched the DairySealT line of packaging that features ClearCorT, an advanced polyethylene terephthalate (PET) barrier. The unique feature of clearcor PET barrier technology is that it has a concentrated capsulation in the preform's center, enabling greater flexibility and resin possibilities. This method preserves recyclability while improving the overall performance of the barrier in the package.

In October 2022, Pactiv Evergreen Inc., a US-based manufacturer of fresh food and beverage packaging, acquired Fabri-Kal for an undisclosed amount. The acquisition of Fabri-Kal is expected to expand and strengthen Pactiv's position in the food service and consumer packaged goods businesses. Fabri-Kal is a US-based manufacturer of plastic food service and custom thermoformed packaging.

Asia-Pacific was the largest region in the rigid plastic packaging market in 2022. The regions covered in rigid plastic packaging report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the rigid plastic packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The increasing demand from end users such as the food and beverage industry is expected to boost the growth of the rigid plastic packaging market going forward. The food and beverage industry refers to all businesses that handle the processing, packaging, and distribution of uncooked food.

Rigid plastic packaging enables product durability promoting food safety and shelf life, as a result, increasing demand from end users such as the food and beverage industry is expected to boost the rigid plastic packaging market. For instance, in 2021, according to the Food and Drink Federation, a UK-based organization that represents and advises UK food and drink manufacturers, Scotland registered 1,185 companies that manufacture food and beverages. Further, exports of food and beverages rose by 12% in 2021 to $7.9 billion(£5.9 billion).

Additionally, in the same year, food and beverages turnover accounts for $12.5 billion(£10.4 billion), which is 30% of total Scottish manufacturing. Therefore, the increasing demand from end users such as the food and beverage industry is driving the growth of the rigid plastic packaging market.

Key Topics Covered:

1. Executive Summary

2. Rigid Plastic Packaging Market Characteristics

3. Rigid Plastic Packaging Market Trends And Strategies

4. Rigid Plastic Packaging Market - Macro Economic Scenario
4.1. COVID-19 Impact On Rigid Plastic Packaging Market
4.2. Ukraine-Russia War Impact On Rigid Plastic Packaging Market
4.3. Impact Of High Inflation On Rigid Plastic Packaging Market

5. Rigid Plastic Packaging Market Size And Growth
5.1. Global Rigid Plastic Packaging Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Rigid Plastic Packaging Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Rigid Plastic Packaging Market Segmentation
6.1. Global Rigid Plastic Packaging Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• Boxes
• Bottle And Jars
• Cans
• Blister Packs
• Clamshells
• Trays
• Intermediate Bulk Container( IBCs)
• Other Product Types

6.2. Global Rigid Plastic Packaging Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• Polyethylene
• Polypropylene
• High Density Polypropylene
• Other Materials

6.3. Global Rigid Plastic Packaging Market, Segmentation By Manufacturing Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• Extrusion
• Injection Molding
• Other Manufacturing Process

6.4. Global Rigid Plastic Packaging Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• Food And Beverages
• Personal Care
• Household
• Healthcare
• Other End-Users

7. Rigid Plastic Packaging Market Regional And Country Analysis
7.1. Global Rigid Plastic Packaging Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Rigid Plastic Packaging Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/1gllf7

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