The global Rigid Plastic Packaging for Food and Beverages market size is projected to grow from USD 32,180.46 million in 2023 to USD 38,001.82 million by 2029

Rigid Plastic Packaging for Food and Beverages Market Summary

Rigid plastic packaging for food and beverages refers to containers, bottles, and packaging materials made from rigid plastics that are used for the storage, protection, and transportation of various food and beverage products. Rigid plastics are characterized by their solid and inflexible structure, providing strength and durability to the packaging. This type of packaging is widely used across the food and beverage industry due to its versatility, lightweight nature, and ability to protect products from external factors.

According to the new market research report "Global Rigid Plastic Packaging for Food and Beverages Market Report 2023-2029", published by GIResearch, the global Rigid Plastic Packaging for Food and Beverages market size is projected to grow from USD 32,180.46 million in 2023 to USD 38,001.82 million by 2029, at a CAGR of 2.81% during the forecast period.

• Global Rigid Plastic Packaging for Food and Beverages MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Rigid Plastic Packaging for Food and Beverages Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”(published in 2023). If you need the latest data, plaese contact GIResearch.

• Global Rigid Plastic Packaging for Food and Beverages Top13Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: GlobalInfoResearch, “Global Rigid Plastic Packaging for Food and Beverages Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”(published in 2023). If you need the latest data, plaese contact GIResearch.

This report profiles key players of Rigid Plastic Packaging for Food and Beverages such as APLA, Amcor, Bemis, Berry Global, Silgan Holdings.

In 2023, the global top five Rigid Plastic Packaging for Food and Beverages players account for 43.59% of market share in terms of revenue.

Market Drivers:

Consumer Convenience: Rigid plastic packaging offers convenience to consumers in terms of ease of handling, storage, and transportation. The lightweight nature of rigid plastic containers makes them user-friendly for consumers, contributing to the popularity of such packaging.

Product Protection and Preservation: Rigid plastic packaging provides effective protection against external factors such as moisture, air, and contaminants. This helps in preserving the freshness, quality, and shelf life of food and beverage products, meeting consumer expectations for product integrity.

Recyclability and Sustainability: The recyclability of many rigid plastic materials aligns with growing consumer and industry focus on sustainability. Brands and manufacturers are increasingly using recyclable materials and promoting environmentally friendly packaging solutions, contributing to the market's growth.

Restraint:

Environmental Impact and Plastic Pollution: One of the primary restraints is the environmental impact associated with plastic packaging. Rigid plastic packaging, especially single-use containers, contributes to plastic pollution and raises concerns about its environmental footprint. Increased awareness of environmental issues may lead to a shift in consumer preferences toward more sustainable packaging alternatives.

Consumer Perception and Negative Publicity: Negative publicity surrounding plastic waste, ocean pollution, and environmental harm associated with plastic packaging can influence consumer perception. Increased awareness of these issues may result in consumers choosing products with eco-friendly packaging materials, impacting the demand for rigid plastic packaging.

Government Regulations and Bans: Governments and regulatory bodies are implementing measures to address plastic waste and promote sustainable packaging solutions. This includes restrictions on single-use plastics, bans on certain packaging materials, and the introduction of extended producer responsibility (EPR) regulations. Compliance with evolving regulations poses challenges for the rigid plastic packaging industry.

Opportunity:

Development of Sustainable Plastics: Investing in the development of sustainable plastics, such as bio-based plastics, biodegradable materials, and those derived from renewable sources, presents a significant opportunity. Innovations in sustainable rigid plastic packaging can address environmental concerns and meet the demand for eco-friendly alternatives.

Recyclable Packaging Solutions: Emphasizing the recyclability of rigid plastic packaging materials and promoting closed-loop recycling systems can enhance market acceptance. Manufacturers can explore ways to improve the recyclability of their packaging and collaborate with recycling infrastructure developments.

Incorporation of Post-Consumer Recyclate (PCR): Increasing the use of post-consumer recyclate in the production of rigid plastic packaging contributes to a circular economy. Brands can commit to using recycled content in their packaging and educate consumers about the environmental benefits of choosing products with PCR.

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