Rigid Plastic Packaging System Market Share, Trends, Demand, Growth Drivers, Revenue, Challenges, Opportunities and Future Strategies Till 2033


Rigid Plastic Packaging System Market Share, Trends, Demand, Growth Drivers, Revenue, Challenges, Opportunities and Future Strategies Till 2033: SPER Market Research

 Category : Packaging

 Published: Jul-2023
 Author: SPER Analyst

Rigid Plastic Packaging System Market is projected to be worth USD 315.69 billion by 2033 and is anticipated to surge at a CAGR of 2.57%.

Rigid plastic packaging refers to containers and packaging materials made from sturdy and inflexible plastics that retain their shape and strength. These packaging solutions are commonly used for storing, protecting, and transporting various products. Rigid plastic packaging offers several benefits, including durability, lightweight nature, resistance to moisture and chemicals, and the ability to maintain product integrity. It finds widespread applications across industries such as food and beverages, pharmaceuticals, personal care, and household products. Examples of rigid plastic packaging include bottles, jars, tubs, trays, and containers, typically made from materials like PET, PP, and HDPE.

Global Rigid Plastic Packaging System Market Driving Factors and Challenges

The rigid plastic packaging market is witnessing robust growth due to a surge in the demand for packaged goods, influenced by population growth and evolving consumer habits. Rigid plastic packaging's appeal lies in its ability to provide exceptional product protection, convenience, and lightweight features. Its popularity is further bolstered by its sustainability, recyclability, and continuous technological advancements. The versatility of rigid plastic packaging enables it to cater to a wide range of industry-specific applications. Additionally, its cost-effectiveness makes it a financially viable option for manufacturers. As a result, all these factors collectively contribute to the widespread global expansion of the rigid plastic packaging market. The increasing requirement for rigid plastic packaging in the healthcare sector has been a significant driver of the market's recent growth. Rigid plastic is chosen by healthcare enterprises due to its ability to safeguard medicines from contamination, ensuring compliance with international safety regulations for medical product packaging. Its properties, including durability, lightweight, cleanliness, and transparency, make it an ideal option for storing medical products.

However, there are lot of challenges associated with the rigid plastic packaging market. Environmental concerns surrounding plastic waste necessitate improved recycling and waste management systems to address sustainability issues. The prevailing single-use culture contributes to plastic accumulation and strains limited resources. Shifting consumer preferences toward more sustainable options create challenges that call for innovative materials and designs. Compliance with stricter regulations and policies can be demanding for companies. Developing viable alternative materials that are cost-effective and scalable is a crucial hurdle to overcome. Enhancing recycling rates, implementing circular economy practices, and managing the complexities of the supply chain present additional challenges. 

Impact of COVID-19 on Global Rigid Plastic Packaging System Market 
The COVID-19 pandemic had a dual impact on the rigid plastic packaging industry. Increased demand for packaged goods, including food, beverages, and healthcare products, drove higher production and consumption of rigid plastic packaging. However, global supply chain disruptions led to delays and shortages due to raw material unavailability and manufacturing and distribution disruptions. Moreover, the surge in single-use plastics, including rigid plastic packaging, raised environmental concerns about increased plastic waste generation. This highlighted the urgency for sustainable packaging solutions and heightened environmental consciousness.

Rigid Plastic Packaging System Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Amcor Limited, Berry Plastics Corporation, Klöckner Pentaplast, Pactiv Evergreen Inc, Plastipak Holdings, Inc., Sealed Air Corporation, Silgan Holdings, Inc., Sonoco Products Company, Others.

Global Rigid Plastic Packaging System Market Segmentation:

By Material: Based on the Material, Global Rigid Plastic Packaging System Market is segmented as; Expanded polystyrene (EPS), Polyethylene (PE), Polyethylene terephthalate (PET), Polypropylene (PP), Polystyrene (PS), Polyvinyl chloride (PVC), Others.

By Product: Based on the Product, Global Rigid Plastic Packaging System Market is segmented as; Bottles and Jars, Trays and Containers, Caps and Closures, Others.

By Manufacturing Process: Based on the Product, Global Rigid Plastic Packaging System is segmented as; Extrusion, Injection Molding, Blow Molding, Thermoforming.

By End User: Based on the End User, Global Rigid Plastic Packaging System is segmented as; Automotive, Cosmetics & Personal Care, Food & Beverage, Healthcare, Industrial, Building & Construction, Others.

By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

Join Our SPER Panel

Our Global Clients

Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
SPER-Astellas Pharma
SPER-Citi Bank
SPER-Johnson & Johnson


Market Research

We are the leading, full-service global market research and consulting company.

iso-1 iso-1 iso-1 ESOMAR
Secure Payments
SPER Payment Options
Contact HR

 [email protected]