Rigid Plastic Packaging Industry Size & New Revenue Pockets

The rigid plastic packaging industry size is estimated at USD 207.8 billion in 2022 and is projected to reach USD 262.5 billion by 2027, at a CAGR of 4.7% between 2022 and 2027. 

By machine type, trays segment accounted for the second largest share of the Rigid packaging market. Plastic trays are highly durable, withstand harsh chemicals, and provide resistance to abrasion. There are a wide variety of rigid plastic trays available, including those with unique shapes and multiple pockets. These trays are used in various industries such as food packaging, healthcare, electronics, and consumer products. Plastic trays are used as inserts to pack assorted products such as chocolates, biscuits, and ready meals. Rigid plastic trays range from simple flat, one cavity design for holding a particular product to a multi-cavity design. The materials used for manufacturing plastic trays are PVC, PE, and PET. The rise in urbanization and busy work schedules in cities have triggered the growth of the global food delivery and takeaway market, which has triggered the demand for trays.

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By Application, Beverage industry account for largest market for rigid plastic packaging market. Beverages include various types of drinks based on their constituents and their compositions. There are various types of beverages, such as alcoholic and non-alcoholic. Global players are aiming at using innovative packaging materials developed from degradable and recyclable materials in order to achieve sustainability. The expectations for quality & hygiene and growth in health awareness are driving the rigid plastic packaging market in the beverage sector. HDPE is commonly used in packaging for juice and milk jugs, squeeze butter, vinegar bottles, chocolate syrup containers, as well as grocery bags.

By raw materials, Polyethylene (PE) accounted the largest share of rigid plastic packaging market. Polyethylene is produced by the polymerization of ethylene and can be self-sealed under controlled heat. It is highly durable, versatile, and resistant to moisture and light. It is therefore widely used in rigid plastic packaging. Polyethylene provides a good barrier against moisture but a relatively poor one against oxygen and other gases. Low-Density Polyethylene (LDPE) and High-Density Polyethylene (HDPE) are used for manufacturing blister packs. High-Density Polyethylene (HDPE) is a cost-effective thermoplastic with a linear structure and no or low degree of branching. It is manufactured at low temperature (158–572°F) and pressure (10–80 bar) and is derived from either modifying natural gas (a methane, ethane, propane mix) or the catalytic cracking of crude oil into gasoline.

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By production process, Injection Molding accounted the second largest share of rigid plastic packaging market. Injection molding is a widely used process. Common injection molded packaging items include tubs, buckets, rigid tubes, screw caps, and fitments. An injection molder consists of a purpose-built extruder coupled with a clamping press that is fitted with an interchangeable mold. A common form of injection molder has a reciprocating screw extruder as the injection unit. The screw has a one-way valve or check ring at its tip. The advantage of injection molding is that it allows plastic molding companies to be able to produce more complex products in different shapes and designs that otherwise would be difficult or impossible. Injection molding allows for the workload to be cut down because the product is essentially finished once the initial mold is designed. The other advantages of injection molding are fast production, material and color flexibility, low labor cost, and low waste production.

Europe accounted for the second largest share followed by North America and South America. The rigid plastic packaging market in Europe is likely to witness steady growth over the forecast period as a result of the increase in spending on consumer-packed goods and growth in industrial activities. The focus on reducing packaging waste and food waste will also drive the market for rigid plastic packaging, as it is cost-effective and increases the shelf life of the product. Germany dominated the European rigid plastic packaging market, followed by the Italy and France, respectively. The food & beverage industry is the largest consumer of rigid plastic packaging in Europe, followed by healthcare, Industrial and Cosmetics & Toiletries.

Metalized Flexible Packaging Industry Size Outlook 2024 & New Revenue Pockets

The metalizedflexible packaging industry size is estimated to be USD 13.5 billion in 2023 and is projected to reach USD 16.8 billion by 2028, at a CAGR of 4.5% between 2023 and 2028. Factors like Increasing global population and improving economic conditions of developing countries and rising demand for customer-friendly packaging are driving the global insulation market during the forecast period.

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The global metalized flexible packaging market is projected to reach an average speed during the forecast period. The demand for metalized flexible packaging in developing countries is likely to be influenced by the need to increase the efficiency of various industrial processes. The market has a potential for growth in regions where the investments are made in various end use industries of metalized flexible packaging. For example, in Asia Pacific, China, India, Japan, and South Korea are high potential markets. In the North America, the US, Canada, and Mexico are the most attractive markets. The rising demand for metalized flexible packaging in personal care, beverage, pharmaceutical, food, and pet food industries for sustainability and changing consumer preferences is driving the market in the area.

Based on Material Type, aluminum foil-based flexible packaging is a versatile material that merges the flexibility of polymer or paper films with a thin layer of aluminum, offering protection against light, moisture, and oxygen. Widely utilized across industries, it enhances the shelf life and safeguards the contents of the packaging.

Based on Product Type, pouches are small bags consisting of two side flat sheets that are flexible and sealed along the edges to form a compartment, whose volume is dependent on the relative location of the walls. Stand-up pouches (SUPs) and flat or pillow pouches are the two main types of pouches. The two types of stand-up pouches are standard stand-up pouches and retort stand-up pouches. Pouches can be used for bulk coffee packaging and food items such as dried or smoked meat. They are heat-sealable, easy to use, and available in convenient packaging in multiple sizes and formats.

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Based on Structure, lamination structure involves combining two or more materials, like aluminum foil and plastic, using adhesive. In food packaging, aluminum foil is often laminated with plastic films through methods such as extrusion, adhesive, or wax/hot melt lamination. These processes enhance barrier properties, making the foil more resilient and less prone to breaking. Laminated structures, particularly in the food industry, contribute to extended product shelf life by reducing antioxidants and preserving freshness.

Based on End-Use Industry, the metalized flexible packaging market is categorized into several segments, including personal care, beverage, pharmaceuticals, food, pet food and others. Among these, the food segment dominates the market share. Metalized flexible packaging supports the food industry by creating a protective shield against moisture, oxygen, and light. This extends product shelf life, safeguards against contamination, and improves the visual appeal of packaged items.

Based on Region, Asia Pacific is the largest market for metalized flexible packaging, followed by North America. In developing countries such as China and India, the demand for metalized flexible packaging is increasing. The increasing industrial activities, investments and labor costs in these countries are the key drivers for metalized flexible packaging market.