Rigid Plastic Packaging - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Rigid Plastic Packaging Market is accounted for $248.75 billion in 2020 and is expected to reach $446.95 billion by 2028 growing at a CAGR of 7.6% during the forecast period. While the factors like strong demand from the food and beverage packaging industry and low cost of rigid plastic are propelling the market growth. However, stringent laws & regulations pertaining to plastic industries are hampering the market growth.
Rigid plastic packaging as the name suggests refers to a type of packaging technique that involves the usage of plastic material. Rigid plastic material can be defined as the material that exhibits no elastic deformation and perfect plastic deformation and it has a relatively inflexible shape or form. Rigid plastic packaging comprises cups, bottles, closures, pots, and cans.
Based on the end user, the food segment is estimated to have a huge demand during the forecast period owing to the factors that can be attributed to reduce food loss and increase the shelf-life of food products. The expectations of food quality, hygiene, and growing health awareness enhance the demand for the food segment.
By geography, the Asia Pacific is going to have a lucrative growth due to factors such as rising disposable income, increasing consumer expenditure, and growing population. Furthermore, the growth from countries like India, China, and Indonesia drives the Asia-Pacific region to lead the packaging demand from the global beauty and personal care industry.
Some of the key players profiled in the Rigid Plastic Packaging Market include Tray-Pak Corporation, Sonoco, Amcor, RPC Group, Anchor Packaging, Plastipak Packaging , Lacerta Group, Klöckner Pentaplast, Hitech Corporation Limited, Graham Packaging Company, ETIMEX Primary Packaging GmbH, Berry Global, Dow, Coveris, Silgan Holdings, Bemis Company, Inc., DS Smith, Reynolds Metals Company, ALPLA, and 3M.
• Bottles and Jars
• Caps & Closures
• Trays and Containers
• Tubs, Cups, Boxes, and Pots
• Rigid Bulk Products
• Others Products
Raw Materials Covered:
• Other Raw Materials
Manufacturing Processes Covered:
• Injection Blow Molding
• Injection Molding
• Thermoforming (Thermo Fill Seal)
• Other Manufacturing Processes
End Users Covered:
• Building & Construction
• Cosmetics & Personal Care
• Industrial Packaging & Transport
• Electrical & Electronics
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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