“Global Rigid Plastic Packaging market is anticipated to surpass USD 300 billion by 2030 while growing at a CAGR of 3.9% during the forecast period from 2020 to 2030” says Visiongain

10 February 2020

The global rigid plastic packaging market size was valued at USD 200.4 billion in 2019, expected to grow at a CAGR of 3.9% during the forecast period. Market growth is attributed to increasing demand from emerging economies. Geographic expansion in emerging markets such as India, China, and Japan offer lucrative opportunities for market players in the coming future.

During the second half (2025-2030) the market is expected to witness strengthened growth owing to high economic growth, followed by heavy investments in application industries, growing food & beverage sector. Rising disposable income among the middle class is also anticipated to drive the demand for these packaging for various applications.

Visiongain forecasts very strong growth for the rigid plastic packaging market, driven by consumers’ surging demand for convenient and aesthetically pleasing packaging, as well as requirements for strong, durable, and cost-effective packaging. Rigid plastic is a light, malleable and durable material that can be molded easily into any form, shape, and size and with adequate density to handle any packaging content and is a most cost-effective packaging method.

As consumer income increases, especially in the emerging economies where dramatic growths are taking place, people are demanding more packed goods. The rise in the on-the-go lifestyle is demanding more convenient packaging. The aging population globally requires packaging to be elderly-friendly. More emphasis is put on reducing the weight and adding functions and innovations into packaging while ensuring or even improving barrier properties. Rigid plastic is among the ideal materials to fit in all these criteria. Moreover, it is relatively safe, shatter-resistant, and can be used to produce packaging of various designs. Advances in material technologies have also improved the performance of rigid plastic.

Convenience continues to have a big impact on people’s lives. Packaging features such as single-unit dosing, which originated in food, is now gaining momentum and moving into other categories such as laundry care, soap, cosmetics, skincare and over the counter (OTC) drugs. There is also an increase in demand for products that serve several needs or can be used in different ways, and these require unique forms of packaging and delivery systems. Rigid plastic packaging serves that needs and Visiongain expect it to be a key growth factor during the forecast period.

The growth of rigid plastic packaging is driven by rising demand for PET bottles in soft drink and bottled water markets; It is also one of the substitutions of metal, glass and sometimes paper-based materials in different markets; increased use of the packaging as a whole into food markets, particularly in the case of meat, fish and poultry products; and increase in consumption of ready meals and other convenience-oriented products.

Some of the key rigid plastic packaging market players include Amcor, Bemis Company, Inc., Berry Global Inc., Reynolds Group Holdings, Sealed Air, Silgan Holdings Inc., BASF SE, 3M, DowDuPont, DS Smith, Georgia-Pacific, GRAHAM PACKAGING COMPANY, PLASTIPAK HOLDINGS, INC., Sonoco Products Company, Crown Holdings, Inc., Graphic Packaging Holding Company, Consolidated Container Company, WestRock, and International Paper among other prominent players.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business conferences, newsletters, management reports and e-zines focusing on the energy, telecoms, pharmaceutical, defence and materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain publishes E-Commerce Packaging Market Report 2020-2030

E-commerce has been designed to buy and sell goods via online services and is a fast-growing channel. E-commerce, a new distribution channel, offers new revenue pockets for the market players to reach a broader market, reduce costs, allows comparison shopping, and thus offer numerous opportunities.

30 June 2020


Visiongain publishes Luxury Packaging Market Report 2020-2030

Luxury packaging is an important specialised market in enormous packaging industry globally. Though it plays small part in the global packaging industry, the environmental impacts of it is on the heavier side.

22 May 2020


Visiongain publishes Next-Generation Products in Tobacco Market Report 2020-2030

Global next-generation products in the tobacco market was valued at US$19.9 billion in 2019 and is anticipated to grow at a CAGR of 12.2% from 2020-2030 to reach at market value of US$48.6 billion by 2030. The market is anticipated to grow at a CAGR of 11.4% in the first half of the forecast period while the second half of the forecast period is anticipated to grow at CAGR of 12.9%.

07 May 2020


“Clinical Trial Packaging & Labelling Market is poised to surpass US$650 million in 2020” says new Visiongain report

The global clinical research industry is in a transition phase as major giants are turning to emerging economies across the Asia Pacific to conduct clinical research which is projected to offer lucrative revenue generation avenues for the Clinical Trial Packaging & labelling competitors.

24 March 2020