APAC Rigid Plastic Packaging Market Size (2024 - 2029)

APAC Rigid Plastic Packaging Market Analysis

The APAC Rigid Plastic Packaging Market size in terms of shipment volume is expected to grow from 24.96 Million tonnes in 2024 to 30.74 Million tonnes by 2029, at a CAGR of 4.26% during the forecast period (2024-2029).

Plastic packaging has become more popular among consumers than other products because plastic is lightweight and indestructible, making it easy to handle. Even major manufacturers prefer plastic packaging because of the lower production costs. The introduction of polymers such as PET and HDPE is increasing the use of plastic bottles. The market for rigid plastic packaging is growing.

• China is a leading global player in both the production and consumption of plastics. The reliance on plastic bottles and containers, particularly those made from PET (polyethylene terephthalate), HDPE (high-density polyethylene), and other polymers, is rising across industries such as food and beverages, pharmaceuticals, and personal care. This trend has intensified China's focus on the production and export of plastics. Data from the International Trade Center (ITC) revealed that the United States is the primary destination for China's plastic exports. In 2023, China shipped 292.6 million tons of plastic products to the United States, marking an 8.00% increase from the previous year.
• The movement toward a healthier lifestyle is increasing in China. Consequently, consumers in China are more likely to opt for beverages that encourage a healthier lifestyle, and nutritional value is a key factor in the selection process. Dairy and protein drinks have seen a surge in popularity. To cater to the demand for healthier beverages, manufacturers are introducing new and innovative products or reformulating existing ones to align with health and wellness trends.
• The rigid plastic packaging market is expected to be negatively impacted by the growing awareness of environmental issues related to plastic, as well as other health concerns related to bottled water. Global warming and the amount of plastic waste are also expected to negatively impact the market’s growth.
• According to the Indian Railway Catering and Tourism Corporation, bottle production increased due to the increased consumption of water bottles and the expanding railway sector. In 2021, production stood at 75.30 million bottles, which rose to 357.70 million bottles in 2023.
• In response to heightened global media scrutiny on plastic pollution, Asian governments are swiftly implementing Extended Producer Responsibility (EPR) measures. Companies are urged to quickly adapt by measuring their plastic footprints, establishing ambitious yet realistic targets, and overhauling their packaging supply chains.
• The escalating plastic pollution in Southeast Asia spurred governments to adopt policies aimed at curbing plastic waste and championing sustainable packaging. They also encompass efforts like introducing plastic bans or taxes and enhancing waste management infrastructure, which may hamper the market growth in the upcoming years.

APAC Rigid Plastic Packaging Industry Segmentation

The study tracks the demand for rigid plastic packaging products catering to the food, foodservice, beverage, healthcare, personal care, cosmetic industries, industrial, building and construction, automotive, and other end-user industries. Rigid plastics can be of different grades and different material combinations based on the type of product being packed, like polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, and bio-plastics.

The Asia-Pacific rigid plastic packaging market is segmented by resin type (polyethylene (PE) (low-density polyethylene (LDPE) & linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE)), polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS) and expanded polystyrene (EPS), polyvinyl chloride (PVC), and other resin types), product type (bottles and jars, trays and containers, caps and closures, intermediate bulk containers (IBCs), drums, pallets, and other product types), end-user industry (food (candy & confectionery, frozen foods, fresh produce, dairy products, dry foods, meat, poultry, and seafood, pet food, and other food products), foodservice (quick service restaurants (QSRs), full service restaurants (FSRs), coffee and snack outlets, retail establishments, institutional, hospitality, and others foodservice sectors), beverages, healthcare, cosmetics and personal care, industrial, building and construction, automotive, and other end-user industries), and country (China, India, Japan, Thailand, Vietnam, Indonesia, and Australia and New Zealand, and Rest of Asia-Pacific). The market sizes and forecasts are provided in terms of volume (tonnes) for all the above segments.