1. What is the projected Compound Annual Growth Rate (CAGR) of the Rigid Plastic Packaging Market?
The projected CAGR is approximately 4.87%.
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Rigid Plastic Packaging MarketRigid Plastic Packaging Market by Material (Polyethylene (PE), by Product Type (Bottles & Jars, Containers, Trays & Pallets, IBC's, Clamshell, Drums, Caps & Closures, Others), by Application (Food & Beverage, Pharmaceutical, Personal Care & Cosmetics, Home Care, Industrial, Others), by North America (U.S., Canada) Forecast 2026-2034
The Rigid Plastic Packaging Market size was valued at USD 265.21 USD Billion in 2023 and is projected to reach USD 369.95 USD Billion by 2032, exhibiting a CAGR of 4.87 % during the forecast period. Rigid plastic packaging refers to containers and packaging materials that are made from hard and inflexible plastics that are unable to bend or are forced out of shape. They are used to develop bottles, jars, containers, caps, lids, trays, cereal boxes, glass bottles of spirits, cans of soup, laundry detergent bottles, and more. They are manufactured from various plastics, such as polyethylene terephthalate, high-density polyethylene, polyvinyl chloride, polypropylene, polystyrene, and others. The rigid plastic packaging offers different types of properties, such as clarity, impact resistance, chemical resistance, barrier properties, temperature resistance, etc. There are a wide range of advantages, including varieties of size, shapes, and colors; they are highly protective; rigid plastic packaging is affordable; increased recycling capabilities; and many more. Innovation in plastic manufacturing technology, material science, and packaging design and increased adoption in various industries can expand the growth of the rigid plastic packaging market.
The Asia-Pacific region continues to dominate the rigid plastic packaging market, holding the largest market share due to rapid industrialization, expanding consumer base, and increased demand for packaged goods in developing economies. North America and Europe have established markets with mature infrastructure but face competition from alternative materials. Emerging markets in Latin America and Africa are expected to witness significant growth in the rigid plastic packaging industry as urbanization and consumption patterns evolve.
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 4.87% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 4.87%.
Key companies in the market include Amcor (Switzerland), Berry Global (U.S.), Silgan Holdings (U.S.), Sonoco Product Company (U.S.), Mauser Packaging Solutions (U.S.), Greif Inc. (U.S.), Schütz GmbH & Co. KGaA (Germany), Schoeller Allibert Services B.V. (Netherlands), Klöckner Pentaplast (U.K.), Time Technoplast Ltd. (India) .
The market segments include Material, Product Type, Application.
The market size is estimated to be USD 265.21 USD Billion as of 2022.
Recyclability of Plastic Material Boosts Market Growth.
Incorporation of Technologies in Packaging is Emerging as a Key Trend.
Accelerating Demand for Flexible Packaging is Hampering Market Growth.
February 2023 – Berry Global introduced child-resistant and tamper-evident PET bottles for pharmaceutical syrups and liquid medicines. The range of bottles includes 28mm neck PET bottles in sizes from 20ml to 1,000ml with various designs. These bottles are an attractive alternative to glass packaging.
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The market size is provided in terms of value, measured in USD Billion and volume, measured in K Tons.
Yes, the market keyword associated with the report is "Rigid Plastic Packaging Market," which aids in identifying and referencing the specific market segment covered.
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