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Rigid Plastic Packaging Market Trends

Report ID: GMI6471
Published Date: Aug 2023
Report Format: PDF

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Rigid Plastic Packaging Market Trends

The emphasis on sustainability is driving the adoption of recycled and recyclable materials, as well as the design of packaging that supports the circular economy by reducing waste and promoting reuse. The development and use of bio-based plastics derived from renewable resources are gaining traction as an eco-friendly alternative to traditional fossil-based plastics. Brands are optimizing packaging designs to minimize material usage, reducing packaging waste and transportation costs while maintaining product protection.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for rigid plastic packaging was valued at around USD 212.0 billion in 2022 and is estimated to reach USD 331.4 billion by the end of 2032, backed by the booming cosmetics industry.

Polyethylene segment accounted for USD 54.2 billion in 2022. PE is used for a wide range of applications due to its versatility, making it suitable for packaging various products from liquids to solids.

U.S. market for rigid plastic packaging was valued at USD 48.2 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032, owing to the demand for convenience foods that drives the need for rigid plastic packaging formats such as trays, cups, and containers.

Sonoco Products Company, Huhtamäki Oyj, RPC Group Plc (Now part of Berry Global), Plastipak Holdings, Inc., Consolidated Container Company LLC, Silgan Holdings Inc., Printpack Inc., Greif, Inc., Ball Corporation among others.