Published January 25, 2023
The Rigid Plastic Packaging Market research study is a professional report with premium insights into the size of the business, current patterns, drivers, risks, potential outcomes, and major segments. The Industry Report forecasts the future growth of the market based on precise assumptions. Furthermore, based on input from industry experts, the report provides actionable insights into the Rigid Plastic Packaging market’s future growth to assist readers in developing effective strategies. The research provides a clear picture of the market’s current needs and future prospects. The report also contains information and statistics, tables and figures that are used in strategic planning for the company’s success.
Major Key players in this Market: ALPLA Werke, Amcor, Bemis, Berry Plastics, Silgan Holdings, RPC, Coveris, Graham Packaging, Greiner Packaging, Plastipak, Printpack, Resilux, Pactiv, Winpak
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The rigid plastic packaging market size is forecast to reach US$198.4 billion by 2028, after growing at a CAGR of 4.8% during 2022-2028
The food and beverage industry held the largest share in the rigid plastic packaging market in 2021 and is expected to grow at a CAGR of 5.3% during 2022-2027. The rigid plastic packaging offers properties such as absorption of flavors, durability, longevity, and lightweight to the containers. Rigid plastic packaging container includes bottles, cans, jars, and others, that keeps the food item safe and free from contamination. The need for rigid plastic packaging is increasing rapidly in emerging economies such as in the United States, Canada, China, India, and other countries. The increasing growth of the food and beverage industry, is driving the demand for rigid plastic packaging.
In 2022 Amcor Plc Amcor’s New Lightweighting Technology Introduces in a Quantum Leap for the Future of Packaging. More than 50% of the material in the finish is eliminated by a new two-step lightweighting technology. Bottles assist businesses in meeting sustainability goals while maintaining a premium appearance and feel.
18 Nov 2022 — Greiner Packaging is extending its collaboration with social enterprise Plastic Bank to launch five collection branches in Manila, Philippines – one of the world’s largest plastic waste-producing countries. In recent years, 331.5 metric tons of plastic waste were collected, the equivalent of 16.5 million plastic bottles. Greiner Packaging has been cooperating with Plastic Bank since 2019.
08 Apr 2021 — Biopolymer pioneer Avantium has signed a conditional offtake agreement with Resilux, an international rigid plastic packaging supplier, for the supply of PEF (polyethylene furanoate) resin from the planned Avantium FDCA flagship plant, bringing the total of such offtake contracts to five.
Rigid Plastic Packaging Market Drivers
Increasing Demand in Healthcare Sector
Investments are being made by the governments to modernize the healthcare structure of developing countries in various regions, especially after the pandemic. Rigid plastic packaging offers protection to medicines from contamination, comprising the properties of durability, cleanliness, transparency, and lightweight, making these packaging, suitable for storing medical products such as syringes, tablets, syrups, surgical items, and others. Globally, with the rising growth in the healthcare sector, the demand for rigid plastic packaging is also estimated to rise. For instance, in China, by 2030, the size of the healthcare industry is expected to reach 16 trillion RMB (US$ 2.3 Million), according to the staff research report on the “US-China Economic and Security Review Commission.” Thus, the increasing growth in the healthcare sector is anticipated to drive the growth of the rigid plastic packaging market over the forecast period.
Market by Type:
PET (Polyethylene terephthalate)
HDPE (High Density Polyethylene)
Market by Application:
Market segment by Region/Country including:
– North America (United States, Canada and Mexico)
– Europe (Germany, UK, France, Italy, Russia and Spain etc.)
– Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
– South America (Brazil, Argentina and Colombia etc.)
– Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
Major Highlights of Rigid Plastic Packaging Market Report:
-Define and discuss the growth of the global Rigid Plastic Packaging market
-Analyze the various segments and dynamics of the Rigid Plastic Packaging market
-To identify and make suitable business plans according to industry and economic shifts.
-The key objective of presenting an in-depth research study on the global Rigid Plastic Packaging market is to conduct an extensive analysis and Rigid Plastic Packaging performance.
-The report highlights the latest trends, market drivers, and investment avenues for the new entrants and the market players looking for market expansion.
-It is helpful to combine relevant facts and offers a wealth of information and analysis on the global Rigid Plastic Packaging market.
-This report assesses the performance and profit potential of the global Rigid Plastic Packaging market. Different variables are used to analyze attractiveness and strengths.
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Crucial pointer covered in the report:
Rigid Plastic Packaging Understanding: This section of our report outlines pertinent topics that we have researched and the direction we see the industry heading. These include, but aren’t limited to segments discussed, company descriptions, and key statistics regarding customer growth. This section provides a detailed analysis of the present and future growth factors of the service, type, technology, vertical, and regions.
Rigid Plastic Packaging Dynamics: This section provides a detailed analysis of the growth factors, restraining factors, and business opportunities. Additionally, the report provides a detailed COVID impact analysis affecting the growth, along with a pinpoint focus on industry policies, regulatory framework, and current issues impacting the growth at the national/international level.
Rigid Plastic Packaging Regional Outlook: The country section is a breakdown by country of how the production and consumption rates correspond to each other.
Rigid Plastic Packaging Competitor Landscape: This section provides a comprehensive analysis of the share and a deep-dive analysis of the top 10 players covered in the report.
The report will be remarkable in its ability to provide worldwide investors with the information they need to make informed judgments about the market. This report is based on a variety of secondary and primary sources to present a comprehensive and accurate picture of the Rigid Plastic Packaging Market. The key data sources for this research paper are global regulators.
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