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.

Rigid Plastic Packaging Market Recent Developments Analysis & Overviews Trends Share & Size

The rigidplastic packaging market is projected to grow from USD 198.9 billion in 2021 to USD 250.2 billion by 2026, at a CAGR of 4.7% during the forecast period. 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.

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Rigid plastic packaging is defined as any plastic package having a relatively inflexible shape or form, with a minimum capacity of eight fluid ounces, which makes it capable of maintaining its shape. Rigid plastic packaging is the aggregation of products such as HDPE bottles, PET bottles, jars, specialty cosmetic containers, and thin wall plastic containers.

The tubs, cups, & pots segment, by type, is projected to grow at the highest CAGR during the forecast period. Rigid plastic tubs, cups, and pots are used in the foodservice and retail industry to package anything from cream and dips to insecticides. Cups are precision thermoformed, which are sealed using a heat sealable flexible lid. These cups generally have flat edges for perfect seals. Some rigid cups also have rolled rims. These products are generally used to pack dairy products such as cream, yogurt, and dairy desserts. The segment is projected to witness the highest growth rate as a result of the growing demand for single-serve packs and properties such as cost-effectiveness, portion control, and less environmental impact.

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The PE segment, by raw material, accounted for the largest share in the rigid plastic packaging market, in terms of value. 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.

In terms of geographic coverage, the rigid plastic packaging market has been segmented into five regions, namely, North America, the Asia Pacific, Europe, the Middle East and Africa, and South America. 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.

Key factors such as industrialization, growing convenience food industry, rising manufacturing activities, increasing disposable income, rising consumption level, and the growing e-retail sales have contributed to the growth of the rigid plastic packaging market during the forecast period.

Recent Developments in Rigid Plastic Packaging Market

• In September 2020, ALPLA Group continued to pursue the strategy of expanding its recycling activities worldwide. The family-owned enterprise from Austria is now building a plant in Mexico for recycling HDPE. It has planned to produce 15,000 tons of post-consumer recycled material each year.
• In November 2020, Amcor adapted its leading-edge engineering and design technology to develop the lightest 900-ml Polyethylene Terephthalate (PET) bottle for edible oil in Brazil. The custom-designed container for agribusiness and food producer Bunge in São Paulo is 22% lighter than competitive bottles while providing greater productivity and increased sustainability benefits.
• In January 2020, Sonoco acquired Thermoform Engineered Quality, LLC and Plastique Holdings, Ltd and the legal name is SONOCO TEQ.
• In September 2018, Silgan, along with Krones and Husky, formed a strategic partnership with Practically Impossible Labs to manufacture its BottleOne integrated handle PET bottle for the marketplace.

How Rigid Plastic Packaging Developed Into A Global Industry

Plastic packaging has transformed many industries and countries in the past decades and it's one of the most important materials used by businesses today. As plastic becomes more ubiquitous in everyday life, it's become harder to imagine a world without plastic packaging.

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Introduction

Rigid plastic packaging features a tight seal that prevents products from leaking and outside influences from entering. This technology is relatively new, but has quickly become a staple in the global food industry.

What is Rigid Plastic Packaging and why is it needed?

Rigid plastic packaging is a type of packaging that is made out of a rigid material such as plastic. This type of packaging is used to store products and keep them safe from damage. Rigid plastic packaging is needed because it can be stored and transported easily. Additionally, it can be recycled easily.

Rigid Plastic Packaging History

Rigid plastic packaging is a type of packaging that is made from plastic materials that are very strong and durable. The invention of rigid plastic packaging dates back to the early 20th century, but it did not become widespread until the late 1960s. Today, rigid plastic packaging is a global industry that is used to package many different types of products.

The earliest examples of rigid plastic packaging were used for food products. These packages were made from paper or cardboard and were very fragile. Over time, manufacturers began to develop more durable versions of these packages. Today, rigid plastic packaging is used for a variety of products, including pharmaceuticals, food products, and toys.

Rigid plastic packaging has many benefits over other types of packaging. For example, it is stronger and less likely to tear or damage when it is transported or stored. Additionally, rigid plastic packaging can be designed in a variety of shapes and sizes to fit specific product requirements. This makes it easier for manufacturers to find a suitable package for their product.

Despite these benefits, rigid plastic packaging has had some challenges over the years. For example, it is difficult to produce packages that are both strong and lightweight. Additionally, rigid plastic packages can be expensive

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Types of Plastic Packaging

The global plastic packaging industry has seen a rapid growth over the past few decades due to its many benefits. The three main types of plastic packaging are rigid, flexible, and semi-rigid. Rigid packaging is most commonly used for products that require a high degree of protection from environmental factors such as weather and moisture. It is also common for products that require tight tolerances, such as pharmaceuticals and food items. Flexible packaging is typically used for products that do not need as much protection from the environment or other factors. Semi-rigid packaging is often used for products that need some flexibility, but not as much as flexible packaging.

Companies in the Industry

There are many companies in the rigid plastic packaging industry. Some of the largest companies are 3M, Dupont, and JB Hi-Fi. These companies produce a wide variety of packaging products, including boxes, bags, and sacks. The global market for rigid plastic packaging is estimated to be worth $30 billion by 2020.

The rigid plastic packaging industry has seen rapid growth in recent years due to several factors. First, consumers are increasingly demanding eco-friendly packaging options that reduce environmental impact. Second, the growing popularity of e-commerce has led to increased demand for secure and durable shipping containers and packaging materials. Third, advances in technology have made it easier to manufacture and package products using rigid plastics.

Many of the largest companies in the rigid plastic packaging industry have developed niche products that address specific market needs. For example, 3M specializes in producing high-quality boxes and bags for food and retail products. Dupont produces versatile packaging materials such as sacks and tubes used in retail stores and food delivery vehicles. JB Hi-Fi manufactures a variety of boxes and bags used for storage, shipping, and merchandising applications.

Environmental Impact of the Industry

The production of rigid plastic packaging (RPP) has developed into a global industry with significant environmental consequences. RPP is made from polyethylene and polypropylene, which are two of the most commonly used plastics. The manufacturing process often involves the use of harsh chemicals and high temperatures, which can release harmful pollutants into the environment.

RPP is often used to store food and beverages, making it a major contributor to air pollution. It is also a major source of marine debris, as it often ends up in the ocean after being discarded by consumers. In some cases, RPP can even make its way into the human body through contact with water or food.

There are several ways that RPP can impact the environment. For example, it can release harmful pollutants into the atmosphere when it is manufactured. Additionally, RPP can be a major source of marine debris. When it is discarded, this debris can end up in the ocean, where it can cause damage to marine ecosystems. Finally, RPP often comes into contact with water or food, which can lead to pollution and health hazards.

Conclusion

The rigid plastic packaging industry has truly come a long way since its humble beginnings in the 1950s. Back then, it was predominantly used to protect food during shipment and storage. Today, the industry is much larger and more diverse, with applications that go beyond just food packaging. Rigid plastic packaging can be found in a variety of industries, from automotive to consumer goods, and is essential for both mass production and consumer-driven economies. Thanks to advances in technology and the increasing demand for products that are safe and easy to store, the rigid plastic packaging industry is poised for continued growth in years to come.