The global rigid plastic packaging market size was US$ 195,070.0 million in 2021. The global rigid plastic packaging market size is forecast to reach US$ 291,619.9 million by 2030, growing at a compound annual growth rate (CAGR) of 5% during the forecast period from 2022 to 2030.

Rigid plastic material can define as the material that displays no elastic deformation and perfect plastic deformation, and it has a moderately inflexible shape or form. Cups, bottles, closures, pots, and cans are examples of rigid plastic packaging. Durability, cost, longevity, flavor absorption, and lightweight are advantages of rigid plastic packaging. A variety of industries use this packaging, including food and beverage, medicines, personal care, and many more. Polyethylene terephthalate (PET) is the resin commonly used in rigid plastic packaging products like water, soda bottles, jars, clamshells, tubs, and trays to a lesser extent.

Factors Influencing Market Growth

Among the factors driving the global rigid plastic packaging market include the rising development of the food & beverage industry, which, in turn, boosts the need for bottles, jars, fruit juice containers, food package containers, and food bags.
The increasing demand for cycle wheels, containers, and electronics switches is fueling the global industry growth.
Strict government regulations toward the use of plastic and instability in raw material prices may slow down the overall rigid plastic packaging market growth.
The growth in e-commerce sales is forecast to offer lucrative opportunities for the global market during the forecast period.
Impact Analysis of COVID-19

The COVID-19 pandemic had a minimal impact on the global market growth. Several governments worldwide imposed a lockdown in order to curb the spread of the COVID-19 virus. As a result, production facilities that do not fall under vital commodities had to shut down in part or entirely. In most industrial units worldwide, this has resulted in the closure or suspension of their manufacturing activity. This has caused rigid plastic packaging companies to suffer revenue losses. However, rigid plastic packaging firms' revenues increased due to the demand for sanitizing containers, frozen foods, medical, and vaccination containers.

Regional Insights

The Asia Pacific region is forecast to have lucrative growth in the market during the forecast period. As a result of the rising demand for plastic products and components. In addition, the growing demand for soft drinks drives the regional market growth. Factors including the rising disposable income, a surge in consumer expenditure, and increasing population will boost the demand for consumer goods, leading to the growth of the rigid plastic packaging market in the Asia Pacific.

Leading Competitors

The leading prominent companies profiled in the global rigid plastic packaging market are:

Alpla werke Alwin Lehner GmbH & Co KG
Amcor Limited
DS Smith Plc
Berry Plastics Corporation
Klckner Pentaplast
Plastipak Holdings, Inc.
Pactiv Evergreen Inc
Sealed Air Corporation
Silgan Holdings, Inc.
Sonoco Products Company
Other Prominent Players
Scope of the Report

The global rigid plastic packaging market segmentation focuses on Material, End-Users, and Region.

Segmentation based on Material

PET (Polyethylene terephthalate)
PP (Polypropylene)
High-density polyethylene (HDPE)
Others
Segmentation based on End-Users

Food and Beverage
Personal Care
Household
Healthcare
Others
Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America