The Global Rigid Plastic Packaging Market valued at US $221.01 Billion in 2022 is anticipated to reach a value of US $3908.10 Billion in 2030, growing at a CAGR of 43.2%.
Global Rigid Plastic Packaging Market– Overview
Rigid plastic packaging mainly involves the utilization of plastic materials that includes, polypropylene (PP), high-density polyethylene (HDPE), as well as polyethylene (PET) for the packaging of new bottles and containers.
Also, these materials are durable as well as lightweight. The polyethylene and polypropylene packaging solutions are also applicable across various industries including food & beverages, agriculture, aerospace, automotive, and medical.
The rigid plastic packaging solution is mainly used in various industry verticals that includes, agriculture, medical, personal care, and pharmaceuticals because of the rising demand for plastic packaging systems over the forecast period.
Key Market Trends:
Every market has its growth determinant and challenges. One of the major factor that has boosted the market growth over the forecast period is the rapid expansion of food and beverages market.
With the expansion of food and beverages market, it has also fuelled the demand for bottles, jars, fruit juice containers, food package container, and foodie bags over the forecast period.
Also, the increasing government spending on construction building activities has also projected to boost the market growth over the forecast period. the rise in e-commerce sales has also boosted the market growth.
On the flip side, the strict government policies and rules have hampered the market growth over the forecast period.
Request Sample Report:
Segmental analysis of the Market:
Based on Material
- Polyethylene (PET)
- Polypropylene (PP)
- High density polypropylene (HDPE)
- Others
The PET segment has dominated the market growth over the forecast period.
Based on Production Process
- Extrusion
- Injection Molding
- Blow Molding
- Thermoforming
- Others
The injection molding segment has dominated the market growth over the forecast period. This is because the injection molding exhibits features that includes, high efficiency, enhanced strength, and low labor costs.
Based on End User
- Food & Beverage
- Personal Care
- Household
- Healthcare
- Others
The food and beverages segment has dominated the market growth over the forecast period.
Asia Pacific is anticipated to amplify at a considerable CAGR
Global Rigid Plastic Packaging Market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, Asia Pacific has dominated the market growth over the forecast period. This is because of the largest revenue generated by the market and the rising industrialization and urbanization.
Competitive Landscape
Some of the prominent companies operating in the market are
- ALPLA-Werke Alwin Lehner GmbH & Co KG
- Amcor Limited
- DS Smith Plc
- Berry Plastics Corporation
- Klöckner Pentaplast
- Plastipak Holdings, Inc.
- Pactiv Evergreen Inc
- Sealed Air Corporation
- Silgan Holdings, Inc.
- Sonoco Products Company.
For More Details, Visit Our Report Page https://wemarketresearch.com/reports/rigid-plastic-packaging-market/258/
Major questions answered in this report
- What is the growth rate of the Global Rigid Plastic Packaging Market?
- What are the primary growth determinants of the market?
- Which are the major regions constituting the geographical landscape of the market?
- Which are the prominent companies operating in the market?
Key takeaways from the report:
- The Global Rigid Plastic Packaging Market is projected to expand at a CAGR of 43.2% over the forecast period.
- The rapid expansion of food and beverages market is aiding market progression.
- The food and beverages segment is poised to expand significantly over the forecast period.
- Asia Pacific has dominated the regional market sphere over the forecast period.
About We Market Research
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
Contact Us:
We Market Research
Phone: +1(929)-450-2887
Email: sales@wemarketresearch.com
