United States Rigid Plastic Packaging Market Size

United States Rigid Plastic Packaging Market Analysis

The United States Rigid Plastic Packaging Market size in terms of production volume is expected to grow from 12.76 Million metric tons in 2024 to 14.06 Million metric tons by 2029, at a CAGR of 1.96% during the forecast period (2024-2029).

• In the United States, the demand for rigid plastic packaging is surging, fueled by its diverse applications across multiple industries. For instance, food and beverage industries heavily depend on rigid plastic containers, bottles, and jars to package from snacks and dairy to beverages. These packaging solutions are designed to act as barriers, safeguarding products from moisture, oxygen, and light and thus maintaining their freshness.
• In November 2023, Fresh Del Monte Produce teamed up with Arena Packaging, a North America-based company, to roll out reusable plastic containers (RPCs) specifically for bananas. This initiative is projected to cut down on food waste and carbon emissions, trim operational costs, and safeguard the quality of bananas, a leading fruit in the fresh produce market. The newly introduced RPCs promise better airflow, potentially doubling the shelf life of banana shipments. Notably, each container boasts a reusability of up to five times a year and offers the added benefit of being replaceable and repurposable in the event of damage.
• The US industrial sector plays a pivotal role in driving the demand for rigid plastic packaging, especially for robust applications such as industrial drums, pallets, and crates. Spanning industries from chemicals and automotive to manufacturing and agriculture, this sector's breadth is vast.
• As reported by the Joint Economic Committee (JEC), in February 2024, the United States saw a record-high annual investment of nearly USD 225 billion in new manufacturing facilities, even after inflation adjustments. This surge in private investment can be traced back to bipartisan efforts in bolstering infrastructure and semiconductor production, alongside Democrats' proactive stance on promoting American-made clean energy and manufacturing. Such backing has catalyzed a significant uptick in manufacturing construction investments.
• This robust investment landscape underscores the industrial sector's strong appetite for plastic packaging, driven by a demand for packaging solutions that are not only durable and reusable but also resilient enough to endure harsh conditions and heavy handling, thereby ensuring the seamless movement of goods in supply chains.