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The rigid plastic packaging market size is forecast to increase by USD 84.1 billion at a CAGR of 6.4% between 2024 and 2029.
The rigid plastic packaging industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The bottles segment is estimated to witness significant growth during the forecast period. Rigid plastic packaging, primarily made from materials such as polyethylene terephthalate (PET), polypropylene plastic (PP), and high-density polyethylene (HDPE), continues to dominate various industries due to its versatility and durability. This packaging type is utilized extensively for a wide range of products, including water, juices, pharmaceuticals, food items, cosmetics, carbonated soft drinks, and personal care products. The retail sector's expansion and the increasing preference for convenient and sustainable packaging solutions have fueled market growth. For instance, Coca-Cola India introduced 100% recycled PET (rPET) bottles in the carbonated beverage category in October 2023. Consumer preferences for child-resistant, tamper-evident, and oxygen barrier packaging have led to the development of advanced packaging technologies.
Material science innovations have enabled the creation of lightweight, moisture-barrier, and UV-protection packaging, enhancing product protection and shelf life. Packaging automation and efficiency have become essential for businesses to optimize their supply chains and reduce costs. Sustainability initiatives, such as the circular economy and the use of biodegradable and compostable packaging, are gaining traction, driven by growing environmental concerns and brand loyalty. Packaging regulations play a crucial role in ensuring food safety and quality control. Packaging machinery manufacturers continue to invest in research and development to create innovative and efficient solutions. The e-commerce sector's growth has led to the demand for protective and reusable packaging solutions.
The use of PVC packaging is under scrutiny due to environmental concerns, and there is a growing emphasis on recyclable and sustainable packaging alternatives. Packaging standards continue to evolve to meet the changing needs of various industries and consumer preferences.
The Bottles segment was valued at USD 85.60 billion in 2019 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in the Asia-Pacific (APAC) region is experiencing notable growth due to several significant factors. One of the primary drivers is the increasing demand for household care products and food and beverages. Consumer preferences are evolving towards convenience and sustainability, leading retailers in the food and beverage industry to transition from single-use plastic bags to rigid plastic packaging solutions. For instance, New World, Countdown, and Pak'n Save in New Zealand have adopted rigid plastic for their food packaging. New World uses plastic trays for its store-brand lamington squares, while Countdown's bakery and produce sections utilize rigid plastic tubs for its store-brand cheesecake.
Moreover, the adoption of rigid plastic packaging is essential for supply chain optimization and product protection. Packaging lines are integrating advanced technologies such as material science, packaging software, and packaging machinery to enhance the production process and ensure product traceability. PS and PP packaging are popular choices due to their barrier properties, which extend the shelf life of food products and protect them from moisture, UV radiation, and oxygen. Packaging regulations are also driving the market's growth, with a focus on child-resistant packaging, tamper-evident packaging, and sustainable packaging. Consumer goods companies are investing in e-commerce packaging, biodegradable packaging, and reusable packaging to cater to the changing consumer landscape.
The circular economy is gaining momentum, with a focus on recyclable packaging, compostable packaging, and sustainable packaging initiatives. In the industrial sector, HDPE containers and PVC packaging are widely used for their durability and cost-effectiveness. Packaging automation and packaging efficiency are crucial for companies to remain competitive. Industrial packaging, retail packaging, and beverage packaging are significant segments of the market, with a focus on product protection, quality control, and design. Overall, the market in the APAC region is witnessing a dynamic shift, driven by consumer preferences, packaging regulations, and technological advancements. Companies are investing in sustainable packaging solutions, automation, and material science to meet the evolving needs of consumers and retailers.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rigid plastic packaging market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the rigid plastic packaging market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, rigid plastic packaging market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Albea Services SAS - The company offers rigid plastic packaging products such as lipstick shells, mascara bottles and brushes and skincare jars and bottles.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Rigid plastic packaging continues to be a dynamic and evolving market, shaped by various factors including consumer preferences, technological advancements, and regulatory requirements. This sector encompasses a wide range of applications, from PET bottles and food packaging to industrial and retail applications. Consumer preferences play a significant role in driving the market's direction. For instance, there is a growing demand for packaging that offers better product traceability, ensuring the origin and journey of products from the manufacturer to the consumer. Additionally, there is a trend towards sustainable and eco-friendly packaging solutions, such as biodegradable, compostable, and recyclable options.
Manufacturers are responding to these trends by investing in packaging lines that can produce various types of rigid plastic packaging, including PS (polystyrene) and PP (polypropylene) packaging. Material science advancements have led to the development of packaging with superior barrier properties, protecting products from moisture, oxygen, and UV light. Packaging regulations also influence the market's dynamics. For example, child-resistant packaging is mandatory for certain products, such as pharmaceuticals and household chemicals, to ensure safety. Food packaging regulations focus on ensuring food safety and extending shelf life. Supply chain optimization is another critical factor in the market. Packaging software and automation have streamlined processes, reducing costs and increasing efficiency.
Lightweight packaging is also gaining popularity as a means of reducing transportation costs and minimizing the environmental impact. Sustainability initiatives are a significant trend in the market. Brands are recognizing the importance of sustainable packaging in building consumer loyalty and reducing their carbon footprint. Reusable packaging and circular economy principles are becoming increasingly popular. Packaging machinery plays a crucial role in the production of rigid plastic packaging. Technological advancements have led to the development of more sophisticated machinery, such as extrusion blow molding and injection molding, which can produce high-quality, consistent packaging with excellent product protection. In conclusion, the market is a dynamic and evolving industry, shaped by various factors, including consumer preferences, technological advancements, and regulatory requirements.
The market encompasses a wide range of applications, from food and beverage packaging to industrial and retail applications. The focus on sustainability and eco-friendly solutions is a significant trend, with a growing demand for packaging that offers better product traceability, extended shelf life, and reduced environmental impact. Packaging machinery and automation are essential for producing high-quality, consistent packaging efficiently and cost-effectively.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Rigid Plastic Packaging Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
240 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.4% |
Market growth 2025-2029 |
USD 84.1 billion |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
5.6 |
Key countries |
US, China, Germany, India, Japan, UK, South Korea, France, Australia, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by End-user
10 Market Segmentation by Material
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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