NEW YORK, Oct. 17, 2023 /PRNewswire/ -- The rigid plastic packaging market size is expected to grow by USD 60.86 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 5.24% during the forecast period, according to Technavio. Rising demand for rigid plastic packaging from the food and beverage industry is notably driving the rigid plastic packaging market. However, factors such as the high cost of recycling rigid plastic products may impede market growth. Buy Now for detailed company information.
The market is segmented by type (bottles, containers, caps and closures, and others), end-user (food, healthcare, cosmetic, and toiletries, beverages, and industrial), and geography (APAC, Europe, North America, Middle East and Africa, and South America). We provide a detailed analysis of 20 companies operating in the rigid plastic packaging market, including Albea Services SAS, ALPLA Werke Alwin Lehner, Altium Packaging, Amcor Plc, Berry Global Inc., Crown Holdings Inc., DS Smith Plc, Graham Packaging Co. LP, Jabil Inc., KP Holding GmbH and Co. KG, Lacerta Group Inc., Nampak Ltd., Pactiv Evergreen Inc., Plastipak Holdings Inc., Sealed Air Corp., Silgan Holdings Inc., Sonoco Products Co., Tetra Laval SA, Hitech Corp. Ltd., and CKS Packaging Inc. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a FREE Sample Report.
Rigid Plastic Packaging Market 2023-2027: Company Analysis
Albea Services SAS: The company offers rigid plastic packaging products such as lipstick shells, mascara bottles and brushes, and skincare jars and bottles.
This report provides a full list of key companies, their strategies, and the latest developments.
Rigid Plastic Packaging Market 2023-2027: Segmentation
Type
- The market share of bottles segment is significant during the forecast period. A majority of these bottles are manufactured from polyethylene terephthalate (PET), though other materials such as HDPE, polypropylene plastic (PP), and Medium-density polyethylene (MDPE). In addition, they can be molded into various shapes and sizes to package anything from creams to insecticides. Furthermore, the rise in demand for bottles made of rigid plastic is supported by the pharmaceutical and healthcare industry for packing sensitive fluid medication. Hence, such factors drive the market growth in the region during the forecast period.
End-User
Geography
- APAC is estimated to account for 43% to the growth of the global market during the forecast period. The rigid plastic packaging market in APAC is expected to grow due to factors such as the increase in demand for household care products and food and beverages.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View FREE PDF Sample Report
Related Reports:
The reusable icepacks market size is estimated to grow at a CAGR of 5.49% between 2022 and 2027. The market size is forecast to increase by USD 336.19 million.
The warehouse drums and barrels market size is estimated to grow at a CAGR of 4.5% between 2022 and 2027. The market size is forecast to increase by USD 2,627.11 million.
Rigid Plastic Packaging Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.24% |
Market growth 2023-2027 |
USD 60.86 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
5.02 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 43% |
Key countries |
US, China, India, Germany, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Albea Services SAS, ALPLA Werke Alwin Lehner, Altium Packaging, Amcor Plc, Berry Global Inc., Crown Holdings Inc., DS Smith Plc, Graham Packaging Co. LP, Jabil Inc., KP Holding GmbH and Co. KG, Lacerta Group Inc., Nampak Ltd., Pactiv Evergreen Inc., Plastipak Holdings Inc., Sealed Air Corp., Silgan Holdings Inc., Sonoco Products Co., Tetra Laval SA, Hitech Corp. Ltd., and CKS Packaging Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by End-user
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
![](https://rt.prnewswire.com/rt.gif?NewsItemId=CG39150&Transmission_Id=202310171730PR_NEWS_USPR_____CG39150&DateId=20231017)
Share this article