The global rigid plastic packaging market size was valued at USD 265.21 billion in 2022 and is projected to reach USD 386.68 billion by 2030, exhibiting a CAGR of 4.87% during the forecast period.

The rigid plastic 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.

Fortune Business Insights™ mentioned this in a report titled, “Rigid Plastic Packaging Market, 2023-2030.”

Source: https://www.fortunebusinessinsights.com/rigid-plastic-packaging-market-108850

COVID-19 Impact

Increased Growth in Food & Beverage Industry During Pandemic Augmented Market Growth

The COVID-19 pandemic 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 to Drive Polyethylene (PE) Segment Growth

Based on 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 and sustainable 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