Rigid Plastic Packaging Market Overview
Market Research Future (MRFR) has recently launched a report with an analysis on the global rigid plastic packaging market over the forecast period. The rigid plastic packaging market is anticipated to witness a 5.6% CAGR during the forecast period. The rigid plastic packaging market is witnessing fast-paced growth due to various factors. An increase noted in the consumption of processed food & beverages is fueling the ascension noted in the global rigid plastic packaging market. A proliferation in the innovation of rigid plastic packaging solutions has contributed to the fast-paced growth noted in the market over the assessment period.
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Some of the prominent players in the global rigid plastic packaging market include
- Bemis Company, Inc. (U.S.)
- Amcor Limited (Australia)
- RPC Group Plc (U.K.)
- ALPLA Werke Alwin Lehner GmbH & Co KG (Austria)
- Sealed Air Corporation (U.S.)
- Berry Plastics Corporation (U.S.)
- Reynolds Group Holdings (New Zealand)
- Coveris Holdings S.A. (Luxembourg)
- Plastipak Holdings, Inc. (U.S.)
- Linpac Packaging Limited (U.K.)
- Silgan Holdings, Inc. (U.S.)
- Consolidated Container Company (U.S.).
June 2019: UK Plastics Pact OPRL recently launched new guidelines regarding the recyclability of rigid plastic packaging. These guidelines are expected to aid customers in easier recycling and the adoption of sustainable packaging solutions.
The global rigid plastic packaging market is studied for various segments based on material, manufacturing process, application, and region. Based on material, the global rigid plastic packaging market is segmented into bioplastics, polyethylene terephthalate (PET), polyvinyl chloride (PVAC), and polyethylene (PE). The polyethylene segment dominated the global rigid plastic packaging market over the forecast period. The segment is also expected to retain such dominance over the global rigid plastic packaging market and witness fastest growth rate through the forecast period. Majority of end users are likely to use LDPE rigid plastic packaging due to various benefits such as barrier of moisture, ease of processing, flexibility, ease of sealing, and strength/toughness.
Based on manufacturing process, the global rigid plastic packaging market is segmented into injection molding and extrusion. Among these processes, the injection molding processes is expected to spearhead the global rigid plastic packaging market over the assessment period. This can be attributed to it being the most commonly used process for the fabrication of plastic parts in the world. Further, faster production process and low production waste is likely to push the growth noted in the injection molding segment during the review period.
Based on application, the global rigid plastic packaging market is segmented into food & beverages, personal care, healthcare, and industrial packaging. The segment of food and beverages is projected to dictate the global rigid plastic packaging market during the forecast period. The food & beverages segment is anticipated to be the fastest-growing segment among all other application-based segments. Increasing population, along with a growing demand for food & beverages is expected to drive growth of the segment in the market.
Based on product, the global rigid plastic packaging market is segmented into tubs, trays, bottles & jars, and cups. The bottles & jars segment is estimated to spearhead the global rigid plastic packaging market during the forecast period. An upscaling global population is pushing the growth in this segment. Apart from that, increasing urbanization, along with rising demand for beverages and household care products is likely to contribute to the ascension of the segment.
Scope of the Report
This study provides an overview of the global rigid plastic packaging market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global rigid plastic packaging market by its material, product, manufacturing process, application and region.
- Bio plastics
- Polyethylene Terephthalate (PET)
- Polyethylene (PE)
- Polyvinyl Chloride (PVC)
- Bottles & jars
By Manufacturing Process
- Injection Molding
- Food & Beverages
- Personal Care
- Industrial Packaging
- North America
- Asia Pacific
- Rest of the World
Detailed Regional Analysis
The rigid plastic packaging market is segmented, by region, into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is expected to dominate the global rigid plastic packaging market, which is followed by North America in the second position. Asia Pacific is likely to observe the fastest CAGR over the forecast period. Japan, China, and India are potential growth pockets in the regional rigid plastic packaging market. Availability of low labor cost and cheap raw materials are impacting the regional rigid plastic packaging market over the assessment period.
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