What is Rigid Plastic Packaging Market?
Rigid plastic packaging is made from polyethylene terephthalate (PET), the most widely used resin. Rigid plastic packaging safeguards against issues like crushing, tearing and leaking while still displaying their content clearly. This type of packaging far less likely to be damaged in transit. This packaging is reusable and helps to eliminate waste. In the global packaging industry, plastic accounts for one-third of the 700 billion dollar industry and much of this plastic packaging is rigid plastic packaging.
Highlights from Rigid Plastic Packaging Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Lacerta Group, Inc. (United States), RPC Group Plc (United Kingdom), Alpla (Austria), Bemis Company, Inc. (United States), Amcor Limited (Australia), Tray Pack Corporation (United States), Consolidated Container Company (United States), Coveris Holdings S.A. (Luxembourg), Plastipak Holdings, Inc. (United States) and Silgan Holdings, Inc. (United States) |
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Rigid Plastic Packaging market throughout the forecasted period.
Lacerta Group, Inc. (United States), RPC Group Plc (United Kingdom), Alpla (Austria), Bemis Company, Inc. (United States), Amcor Limited (Australia), Tray Pack Corporation (United States), Consolidated Container Company (United States), Coveris Holdings S.A. (Luxembourg), Plastipak Holdings, Inc. (United States) and Silgan Holdings, Inc. (United States) are some of the key players profiled in the study. Rigid Plastic Packaging Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Food and Beverage, Healthcare, Cosmetics and Toiletries, Industrial and Others |
Type | Bottles and Jars, Cups and Pots, Trays, Tubs and Others |
Raw Material | Bioplastics,Polyethylene (PE),Polyethylene Terephthalate (PET),Polystyrene (PS),Polypropylene (PP),Polyvinyl Chloride (PVC),Expanded Polystyrene (EPS) |
Production Process | Extrusion,Injection molding,Blow molding,Thermoforming |
On the basis of geography, the market of Rigid Plastic Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Recycled Packaging Type
Market Growth Drivers:
Increased Demand from Developing Countries, High Demand for Various Industrial Applications and High Preference for Rigid Packaging from Manufacturers and Suppliers
Challenges:
Environmental Issues due Plastic Use Is a Big Challenge for the Industry and Growing Awareness among the People about Eco-Friendly Material
Restraints:
Volatility in the Raw Material Prices
Opportunities:
Growing Packaging Industry Worldwide and Increasing Demand from E-Commerce Industry
Key Target Audience
Rigid Plastic Packaging Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Distributors, Government Body & Associations and End-user