The global rigidplastic packaging market size was valued at USD 265.21 billion in 2022 andis projected to reach USD 386.68 billion by 2030, exhibiting a CAGR of 4.87%
during the forecast period.
The rigidplastic packaging helps to protect products which need special handling. The
plastic materials used in rigid packaging are easily recyclable and also help
in reducing carbon footprints. The increase in commodities trading and the
growing need for the rigid plastic packaging industry is estimated to drive market
growth during the forecast period.
FortuneBusiness Insights™ mentioned this in a report titled, “Rigid Plastic Packaging Market, 2023-2030.”
COVID-19 Impact
Increased Growth in Food & Beverage Industry DuringPandemic Augmented Market Growth
The COVID-19pandemic had a positive impact on the rigid plastic packaging market growth. The
increased growth in the food and beverage industry as the retail stores were
open for essential goods during the pandemic augmented growth. The rising
demand for vaccines and medicines during COVID-19 pandemic also propelled
market growth.
Segments
East Recyclability and High Durability toDrive Polyethylene (PE) Segment Growth
Basedon material, the market is classified into Polyethylene (PE), Polyethylene
terephthalate (PET), Polypropylene (PP), Polyvinyl chloride (PVC), and
others. The Polyethylene (PE) segment leads due to its high durability and easy
recyclability coupled with several other features.
Report Coverage
The report provides major growth drivers,restraining factors, opportunities, and potential challenges for the market. It
offers comprehensive insights into regional developments, a list of major
industry players, key strategies adopted by market players, and the latest
industry developments, including product launches, partnerships, mergers, and
acquisitions.
Drivers & Restraints
Rising Demand and Use of Bioplastic to Augment Market Growth
The growing awareness among people using low-impact andsustainable products has increased the use of bioplastic as a packaging
material. Several manufacturers are using bioplastic as an alternative for
every conventional plastic material, including biobased PE, PET, bio-PP, and
