U.S. Rigid Plastic Containers Market: Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Description

The US rigid plastic containers market is valued at USD 41,373.5 billion in 2021 and is poised to grow at a significant CAGR of 6.7% over 2022–2028. Consumers are becoming aware of the rapidly increasing environmental risks posed by hazardous contaminants. People prefer products made from sustainable raw materials to non-recyclable raw materials. Rigid plastic packaging makers may see increased growth as a result of this. Because bio-based materials are created solely from renewable biological resources such as sugarcane, they are employed in the packaging sector. Bio-based packaging materials can deteriorate in the open air or in a composites production plant. Rigid plastics may be utilized to produce various products since they are incredibly lightweight and contribute to energy conservation. Also, rigid plastic packaging is gaining popularity in a variety of end-use sectors. The increasing use of sustainable and lightweight packaging materials in food, medicines, personal care, cosmetics, and consumer goods offers market participants value-added potential. The rigid plastic packaging industry will benefit from the increased use of machine-friendly packaging solutions. Manufacturers of food and beverage and healthcare and personal care items are focusing on automating packaging functions for their products and services. Rigid packaging producers focus on unique packaging to consumer attention while also providing an effective solution for bulk food storage and delivery. Packing effectively maintains food quality and aids in absorbing shock and stress during travel, reducing the danger of food waste. Moreover, the major manufacturers are developing new products employing innovative technologies. For example, in February 2021, Berry Global Group, Inc. introduced a polyethylene terephthalate (PET) spirit container created exclusively for e-commerce companies. The 50ml PET bottle was designed to meet the growing demand for online spirits sales, particularly gin. The growing advancements in the rigid thermoform plastic packaging business have fueled this region’s expansion. Thermoforming has many advantages, including cost savings and adaptability. The fixed thermoform plastic packaging sector’s tremendous growth in product manufacturing and customer base boosts the Rigid Packaging Market in the American area even further.

Recent Market Developments:

In Feb 2021, Amcor introduced the first high-barrier, high-speed, recycle-ready liquid pouch packaging solution. America PE Plus offers a breakthrough sustainability innovation for complex packaging formats. America PE Plus innovation delivers highly durable hermetic edge and fitment seals that perform well under abusive manufacturing, distribution, and usage conditions.

In Feb 2022, Sonoco company acquired of Ball Metalpack, a leading manufacturer of sustainable metal packaging for food and household products and the giant aerosol can producer in North America. Ball Metalpack was a joint venture owned by Platinum Equity and Ball Corporation; this combination expands Sonoco’s already established sustainable packaging portfolio to include metal packaging, which is one of the world’s top circular economy adapted products.