The global rigid plastic packaging market was valued at USD 195.56 billion in 2016. Rigid plastic packaging market is mainly driven by the growth in demand from end-use industries and growing retail sector. The global rigid plastic packaging market has been segmented on the basis of resin type, type, end-use industry, and region.

In terms of resin type, polyethylene accounted for approximately 30% market share in year 2016 of the global market in terms of revenue and is projected to maintain its dominance throughout the forecast period 2017 to 2025. However, polyethylene terephthalate is anticipated to be the fastest growing segment with CAGR of around 7.0% during the forecast period 2017 to 2025.

By type, in year 2016 bottles and jars segment accounted for the largest share of around 45% in the global market in terms of revenue. Tubs cups & pots is projected to exhibit the fastest growth during the forecast period owing to growing demand for single-serve packs, cost-effective nature, portion control, and environment friendly packaging.

In 2016, beverages industry accounted for the largest share in terms of value. It is also projected to grow at a CAGR of 6.4% during the forecast period of 2017 to 2025. Whereas, food was the second largest end-use industry for rigid plastic packaging market in 2016. Change in eating habits and consumer shift towards packaged food is driving the growth of rigid plastic packaging in food sector.

In 2016, the rigid plastic packaging market by region was dominated by the Asia Pacific accounting more than 35% of the market share. Asia Pacific was followed by the Europe and North America. In Asia Pacific, China will see the fastest growth during the forecast period. Factors such as the rising disposable income, and consumer spending and the increasing population will boost the demand for consumer goods, which will support the growth of rigid plastic packaging market in the emerging economies of Asia Pacific.

Companies such as Amcor Limited (Australia), Bemis Company, Inc. (U.S.), RPC Group Plc (U.K.), Berry Plastics Corporation (U.S.), Alpla Werke, Alwin Lehner GmbH & Co. Kg (Austria), Reynolds Group Holdings (New Zealand), Silgan Holdings, Inc. (U.S.), and Sealed Air (U.S.) among others are present in the global rigid plastic packaging market.

The report titled “Global Rigid Plastic Packaging Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the global rigid plastic packaging market along with the market size and estimates for the duration 2017 to 2025. The said research study covers in-depth analysis of multiple market segments based on resin type, type, end-use industry and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help the strategic decision makers, the report also includes profiles of the leading rigid plastic packaging manufacturers, along with their, product portfolio and key developments. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the rigid plastic packaging industry
• Market drivers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2015, 2016)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global rigid plastic packaging market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.

In 2016, on the basis of resin type, the rigid plastic packaging market was dominated by polyethylene segment. This segment is projected to witness growth of over 5.0% between 2017 and 2025. Polyethylene terephthalate is the second largest segment projected to grow at the fastest CAGR of approximately 7.5% during the forecast period. Polyethylene terephthalate finds its application in industries such as food packaging, pharmaceutical packaging, box making, and electronics. Properties such as high mechanical strength, better rigidity at lower wall thickness, better flexibility, and high puncture resistance makes driving its usage in different industries. Polypropylene segment is also one of the major resin types holding significant share mainly driven by increasing demand from the food and beverage packaging industries and pharmaceuticals.

Beverages and food industries together account for approximately 50% of the rigid plastic packaging market. The beverage industry dominates the rigid plastic packaging end-use market. Rigid plastic packaging helps in retaining the quality and freshness of the product by sealing the contents within the container. Factors such as rising disposable income, change in consumer lifestyles, product presentation & differentiation, and rising demand for beverage products such as packed bottled water and alcoholic beverages will increase the consumption of rigid plastic packaging.

Rigid plastic packaging also finds its application in health care industry. Health care industry is the third largest end-use industry for rigid plastic packaging market. Healthcare industry includes pharmaceuticals and medical products; rigid plastic packaging plays the vital role in protecting these products from light, moisture, contamination, physical damage, or anything that can after the quality of the products. Others segment includes agricultural products, consumer products, and household products.

The global rigid plastic packaging market has been segmented geography-wise, wherein a detailed analysis of every country has been conducted in this section. These regions include North America, Asia Pacific, Europe, Latin America and the Middle East & Africa.

The global market for rigid plastic packaging is dominated by Asia-Pacific accounted for a share of around 38% of the total market, in terms of value, in 2016, followed by Europe and North America. However, as the rigid plastic packaging market in developed countries is getting matured, markets in China and India are projected to grow at higher rates from 2017 to 2025. Asia Pacific is also projected to grow at the fastest CAGR between 2017 and 2025. Rising disposable income of individuals, high economic growth and growing end use industries have fueled the demand for rigid plastic packaging products.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Rigid Plastic Packaging market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Rigid Plastic Packaging market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Rigid Plastic Packaging market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Rigid Plastic Packaging market?
• Which is the largest regional market for Rigid Plastic Packaging market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Rigid Plastic Packaging market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Rigid Plastic Packaging market worldwide?