Market Size of Poland Rigid Plastic Packaging Industry
Study Period | 2024 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | |
CAGR (2024 - 2029) | 2.72 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Poland Rigid Plastic Packaging Market Analysis
The Poland Rigid Plastic Packaging Market size in terms of production volume is expected to grow from 1.49 Million tonnes in 2024 to 1.7 Million tonnes by 2029, at a CAGR of 2.72% during the forecast period (2024-2029).
Rigid plastic packaging products made from polymers such as polypropylene (PP), polyethylene terephthalate (PET), polyethene (PE), and more are essential for sealing containers in various sectors, including food, beverages, healthcare, cosmetics, and more.
• Industries favor plastic as the primary manufacturing material due to its strength and cost-effectiveness. As the demand for packaged foods and pharmaceuticals grows, so does the need for caps and closures, signaling a significant upswing in demand in the coming years.
• With a heightened emphasis on sustainability, the push for eco-friendly materials is set to spur innovation in the plastic caps and closures market. Manufacturers are channeling investments into research and development to produce biodegradable and recyclable options that resonate with environmental objectives. This momentum is anticipated to accelerate market growth further during the forecast period.
• The rigid plastic packaging market is on an upward trajectory, fueled by the surging demand for single-serve beverages and the widespread adoption of the hot fill process. This technique extends the product's shelf life without preservatives and promotes healthier drink options.
• In early 2023, PKN ORLEN finalized its acquisition of a segment of Basell Orlen Polyolefins, Poland's one of the leading plastics manufacturers, already holding an equity stake. This segment specializes in producing and marketing LDPE and providing customer service within Poland. With an acquired production capacity of 100 thousand tonnes annually, PKN ORLEN, Poland's sole LDPE producer, is poised to meet roughly one-third of the nation's total LDPE demand.
• The country also faces challenges from plastic material and is focused on mitigating plastics that harm the environment. A few years back, the government launched the Polish Plastics Pact, which the 17 Goals Campaign Foundation spearheaded. This initiative unites diverse entities from the plastics value chain, including businesses, NGOs, and other pivotal players, to collaboratively address and mitigate plastic packaging waste and pollution in Poland. As a distinctive platform, the Pact fosters a multi-stakeholder, cross-sectoral, and industry-led collaboration, emphasizing the importance of closing the loop on plastic packaging.