Rigid Plastic Packaging Market (By Material: PET, PP, HDPE, and Others; By Production Process; By End-user Industry) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook and Forecast 2021 - 2028

Published Date : Jun 2021 | No. of Pages : 150+ Pages | Category : Construction and Manufacturing

The global rigid plastic packaging market was valued at $182 billion in 2020, and is expected to surpass around $271 billion by 2028 with a CAGR of 5% from 2021 to 2028. Rigid plastic packaging involves utilization of plastic materials such as polypropylene (PP), high-density polyethylene (HDPE), and polyethylene (PET) for packaging of new bottles and containers. These materials are durable and lightweight.  Polyethylene and polypropylene packaging solutions are applicable across various industries such as food & beverages, agriculture, aerospace, automotive, and medical.

The market is expected to witness significant growth in the future due to its multiple applications in end-use industries such as beverage, food, and healthcare. The global rigid plastic packaging market is driven by factors such as strong demand in major Asia-Pacific markets such as India and China and increasing demand from food & beverage packaging industries.

The advancements in terms of product innovations and technologies in the market are also expected to create strong investment opportunities for global players. Regulatory and structural guidelines are expected to be the strongest restraints for the industry. High input costs and environmental concerns are the major challenges, whereas fluctuating demand patterns and advancements of alternative technologies are expected to be the burning issues.

COVID-19 impact on rigid plastic packaging market

The nearly one million employees of the plastics industry are working tirelessly to provide the material that is needed at the frontline. From medical supplies to food packaging, plastics are essential in the effort to stop the spread of this virus. Plastics will only become more and more vital to help keep our families healthy, our food fresh and protected, and our healthcare workers safe. The demand for packaging products across categories is expected to decrease by 10–20% across categories owing to the impact of COVID-19. Supply tightness is expected to increase in 3–4 months with depletion of suppliers' inventory across the globe. Major suppliers are shifting their non-essential packaging capacities to essential packaging in order to cater to the increased demand in the food and healthcare sectors. Apart from these, standard packaging products are making a comeback to the market to ease the supply chain.

The demand for essential services such as personal and healthcare products is witnessing a spike which can impact rigid packaging products, especially HDPE containers, pumps, and pharmaceutical bottles; however, the demand from the packaging of non-essential industries is declining gradually, with many countries under lockdown and restricted movement across countries. Regional label suppliers who do not cater to food and healthcare industries can witness reduced demand owing to shutdowns all over the globe. However, key global players such as Avery Dennison and CCL Labels continue their business operations with a focus on essential business such as healthcare and food with priority.

Opportunity: Change in lifestyle patterns

An increase in the number of working women and dominance of nuclear and double-income families, especially in urban areas, are the trends that shape the lifestyles of a majority of consumers in emerging economies. Busier lifestyles demand on-the-go products that reduce the time spent on cooking, which contributes to the development of the convenience packaging market, which, in turn, impacts the rigid plastic packaging market. Moreover, rising disposable income and increasing consumption of packed goods will also fuel the demand for rigid packaging in emerging markets. The market for rigid plastic packaging is therefore projected to have higher growth potential in the markets of China, Brazil, India, and the Middle East, among others.

The bottles & jars segment is projected to lead the global rigid plastic packaging market through 2028

The bottles & jars segment acquired the largest share in the rigid plastic packaging market in 2020, in terms of value, and is projected to grow at the second-highest CAGR during the forecast period. Rigid plastic bottles are used for packaging various products such as water, juices, carbonated soft drinks, cosmetics, food products, personal care products, and pharmaceutical products. Most of these bottles & jars are made from PET, PE, PP, HDPE, PS, and PVC. The flourishing retail industry, combined with the rise in disposable income of consumers. The increasing population, growing urbanization, and rising demand for beverages and home care products are fueling the market growth.

The extrusion segment is projected to lead the rigid plastic packaging market during the forecast period

The extrusion segment is projected to lead the rigid plastic packaging market during the forecast period. The process accommodates a wide range of die profiles, allowing manufacturers to create parts and products with a variety of simple to highly complex continuous cross-sections. The extruded roll stock is ready for thermoforming, with no curing time required. As the extrusion process often uses thermoplastics—which can undergo the melting, molding, and hardening operations repeatedly—the overall material and disposal costs for an extrusion operation are lower than that of other molding processes.

The Asia Pacific is projected to hold the largest share in the rigid plastic packaging market during the forecast period

The Asia Pacific region accounted for the largest share in 2020 and is also projected to record the highest growth rate during the forecast period. Countries such as India and China are expected to post high growth in the rigid plastic packaging market due to growing developmental activities and rapid economic expansion. In addition to this, the growing population in these countries presents a huge customer base for FMCG products and consumer durables, which, in turn, is expected to lead to the growth of the rigid plastic packaging market.

Competition Analysis

The key market players profiled in the report include ALPLA-Werke Alwin Lehner GmbH & Co KG, Amcor Limited, DS Smith Plc, Berry Plastics Corporation, Klöckner Pentaplast, Plastipak Holdings, Inc., Pactiv Evergreen Inc, Sealed Air Corporation, Silgan Holdings, Inc., and Sonoco Products Company.

Global Rigid Plastic Packaging Market Segments

By Material

  • Polyethylene (PET)
  • Polypropylene (PP)
  • High density polypropylene (HDPE)
  • Others

By Production Process

  • Extrusion
  • Injection Molding
  • Blow Molding
  • Thermoforming
  • Others

By End-user Industry

  • Food & Beverage
  • Personal Care
  • Household
  • Healthcare
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Report Scope

The Rigid plastic packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Rigid plastic packaging market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Rigid plastic packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Rigid plastic packaging market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Rigid plastic packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Rigid plastic packaging capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Rigid plastic packaging by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Rigid plastic packaging market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Rigid plastic packaging market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Rigid plastic packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Rigid plastic packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Rigid plastic packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Rigid plastic packaging market. 

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Rigid plastic packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Rigid plastic packaging market. These factors have benefited the growth of the global market for Rigid plastic packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Rigid plastic packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Rigid plastic packaging are as follows:

History Year: 2017-2020

Base Year: 2020

Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects

- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

- Market value USD Million and volume Units Million data for each segment and sub-segment

- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. 

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation 

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation 

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources 

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);

Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.

Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players 

To define, describe and forecast the market by type, application and region.

To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends and factors driving or inhibiting the market growth.

To analyze the opportunities in the market for stakeholders by identifying the high growth segments.

To strategically analyze each submarket with respect to individual growth trend and their contribution to the market

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.


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