Rigid plastic packaging as the name proposes alludes to a sort of packaging method that includes the utilization of plastic material. Rigid plastic material can be characterized as the material that displays no versatile distortion and wonderful plastic twisting and it has a generally unyielding shape or structure. Rigid plastic packaging contains cups, bottles, terminations, pots, and jars. Benefits presented by Rigid plastic packaging are sturdiness, cost, life span, assimilation of flavors, and lightweight. It is overwhelmingly utilized in a wide scope of utilizations in various enterprises like food and drinks, drugs, individual consideration, and some more.
ChemIntel360’s global Rigid Plastic Packaging market study is a 170+ slide report containing in depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, applications, and end-use industry perspective. Despite the adverse effects of the COVID-19 pandemic, the industry is expected to grow strongly and grow at a CAGR of 5.4% over 2021-2026. The leading factor driving growth is the chemical’s extensive use in food packaging application, the demand for which has witnessed robust growth in light of increasing safety requirements.
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Rigid packaging better safeguards its substance. Rigid plastic packaging is characterized by its purposes in items, for example, water and soft drink bottles, which are produced using polyethylene terephthalate (PET), the most generally utilized sap, and less significantly in containers, clamshells, tubs, and plate. The utilization of polypropylene (PP) gum in plastic packaging is growing more quickly than different plastics, like PET and PE (polyethylene).
Scope
This study contains global and regional market size data. The numbers are broken down by application (Food and Beverages, Personal Care, Pharmaceuticals, and Others), and by end-use industry (Bottles and Jars, Trays, Rigid Bulk Products, Tubs, Cups and Pots, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Rigid Plastic Packaging market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, increased marginally to US$189.97 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.
On the basis of Geography, the Global Rigid Plastic Packaging Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia-Pacific holds the largest market share.
Key Players
The “Global Rigid Plastic Packaging Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players are Amcor Limited, Bemis Company, Inc., Tray Pack Corporation, Consolidated Container Company, Lacerta Group, Inc., Coveris Holdings S.A., Plastipak Holdings, Inc., Alpla Wereke, Alwin Lehner GmbH & Co. Kg, RPC Group Plc, and Silgan Holdings, Inc.
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The new research report titled "Rigid Plastic Packaging Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the rigid plastic packaging market include 3M, ES Plastic, ALPLA, Alto Packging, Amcor, Bemis, Anchor Packaging, APPE, Berry Plastics, Binggrae, Faerch Plast, Dow Chemical, DS Smith, Etimex Primary Packaging, Graham Packaging Company.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Rigid Plastic Packaging Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/rigid-plastic-packaging-market/download-sampleMarket DynamicsThe growing consumption of consumer goods across the globe creates a huge demand for rigid plastic packaging.
The consumer-packaged-goods (CPG) industry has noticed considerable growth over the past few years, particularly in the developing nations due to factors such as a rise in disposable income and growing spending on consumer goods.
Rigid Plastic Packaging Industry Trends, High CAGR of 5.6%, Future Scope and Industry Forecast to 2023 | Global Rigid Plastic Packaging Industry information by Material (Bio plastics, Polyethylene Terephthalate (PET), Polyethylene (PE), Polyvinyl Chloride (PVC) and others), by Product (Bottles & jars, Trays, Tubs, Cups and others), by Manufacturing Process (Extrusion, Injection Melding, and others), by Application (Food & Beverages, Healthcare, Personal Care, Industrial Packaging and Others) and By Region Forecast To 2023Rigid Plastic Packaging Industry ScopeThe global Rigid Plastic Packaging Industry can grow at the rate of 5.6% from 2017 to 2023, which is the forecast period, reports Market Research Future (MRFR).Primary Drivers and Main ChallengesThe worldwide market for rigid plastic packaging Industry is gaining high traction, on the back of mounting demand stemming from the food and beverages industry, a prominent end user of rigid plastic packaging.
This trend is anticipated to help deal with the numerous environmental issues associated with rigid plastic packaging.Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/4973Evolving lifestyle coupled with high consumer spending on packaged goods is also expected to stimulate the growth of the global rigid plastic packaging industry in the coming years.
Polyethylene the dominating segment in the market and also shows signs of growing at the fastest rate in the coming years.
A large number of end users make extensive use of LDPE for rigid plastic packaging, since it offers various benefits like barrier to moisture, ease of processing, flexibility, ease of sealing as well as strength/toughness.The PVC material is quite dense and is commonly used in India, where clarity is seen as a vital aspect in consumer packaging.Depending on the manufacturing process, the market is considered for Injection Melding, Extrusion, and others.
It enjoys strong demand in the market owing to its benefits including low production waste and faster production process.
Extrusion happens to be another significant manufacturing process that finds massive demand in the market.The applications covered in the MRFR report are Healthcare, Food & Beverages, Industrial Packaging Personal Care and others.
