North America Rigid Plastic Packaging Market Size (2024 - 2029)

North America Rigid Plastic Packaging Market Analysis

The North America Rigid Plastic Packaging Market size is estimated at USD 56.13 billion in 2024, and is expected to reach USD 59.97 billion by 2029, growing at a CAGR of 1.33% during the forecast period (2024-2029).

As the consumption and production of goods in the consumer and industrial sectors continue to grow, the demand for rigid plastic packaging materials that can withstand harsh conditions without compromising the product's quality is increasing.

• The plastic bottle market in the United States is projected to experience a steady increase in demand due to the growing consumption of plastic-based containers and their industrial applications. According to the Plastics Industry Association, the market for plastic bottles in the United States continues to expand.
• According to the LCA (Life Cycle Assessment) presented by the National Association for PET Container Resources, NAPCOR (National Association for the Packaging Industry of the United States, Canada, and Mexico), the negative environmental impact of PET bottles is significantly lower than that of the glass and aluminum containers. PET plastic packaging is used in over 70% of beverage bottles because of its lightweight, transparent, and 100% recyclable properties. PET plastic containers produce less solid waste than glass and aluminum containers, consume less water during manufacturing, and generate fewer emissions associated with acid rain and smog emissions.
• The need to recycle PET into food-grade products, like beverage containers, is a growing concern for many global companies. This can lead to an increase in demand for PET across the region. For example, according to a recent report, Coca-Cola aims to use 50 percent recycled PET in its containers by 2030. Unilever, for example, aims to make 100% of its plastic packaging recyclable or reusable by 2025.
• However, the use of plastic will likely slow down over time as people become more aware of environmental issues. More and more people in the United States and Canada are switching to environmentally friendly packaging materials. Governments in these countries have imposed stringent rules and regulations on plastics and plastic products due to their potentially harmful environmental effects. This has made it a relatively slow-growing industry compared to other materials.
• The Russia-Ukraine conflict has pushed raw plastic materials prices high. The conflict has led to economic sanctions, high commodity prices, energy costs, and supply chain disruption. The competition has affected many markets worldwide, including the North American market. Multiple companies have shut down their business or plants in Russia. Further, the increased oil prices are pushing plastic resin prices higher throughout the world supply chain, with energy prices initially reaching unprecedented levels. Commodities prices in the region have risen due to the conflict, resulting in inflation and hampering the economic recovery in North America.

North America Rigid Plastic Packaging Industry Segmentation

Rigid plastic packaging is defined as a packaging type that features heavier and often stronger materials than flexible plastic packaging. A rigid plastic package, which has been known for its strength, offers structure and support to the product. It is applied in a variety of products, offering advantages like resistance to impact, moisture, and different environmental factors.

The North American Rigid Plastic Packaging Market is segmented by Product (Bottles and Jars, Trays and Containers, Caps and Closures), Material (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS) and Expanded Polystyrene (EPS), Polyvinyl Chloride (PVC)), End-user Industry (Food and Beverage, Healthcare, Cosmetics and Personal Care, Industrial, Building and Construction, Automotive) and Country (United States, Canada). The market sizes and forecasts are provided in terms of value in USD for all the above segments.