Global Rigid Plastic Packaging Market – Industry Trends and Forecast to 2028

Rigid Plastic Packaging Market Analysis and Insights

Rigid plastic packaging market size is expected to grow at a compound annual growth rate of 5.00% for the forecast period of 2021 to 2028.  Data Bridge Market Research report on  rigid plastic packaging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

Rigid plastic packaging is a kind of packaging technique that engages the usage of plastic material. Rigid plastic material can be defined as the material that reveals no elastic deformation and ideal plastic deformation. Various benefits offered by rigid plastic packaging are cost, durability, longevity, absorption of flavors and lightweight.

The rigid plastic packaging market is rising in demand due to rising demand from the pharmaceuticals industry. The strong demand from the food and beverage packaging industry is also highly impacting the growth of the rigid plastic packaging in the forecast period of 2021 to 2028. The rapid technological innovations as well as  increasing demand for packaged food products, that requires a lightweight and attractive packaging solution are also anticipated to flourish the demand of the rigid plastic packaging market owing to the above mentioned reasons and is also is projected to grow substantially during the forecast period. Furthermore, the higher disposable income in the developing countries increases the purchasing power, rapid shift toward lightweight packaging and growth of plastic recycling units are also expected to push the growth of rigid plastic packaging market in the above mentioned forecast period.

The major factor which actively drives the demand of rigid plastic packaging market is the rapid increase in disposable incomes and changing lifestyle and improvement in the standard of living. Likewise, the high investment in R&D activities as well as rapid change in lifestyle patterns will further offer various growth opportunities for the growth of rigid plastic packaging market over the forecast period of 2021 to 2028.

However, the growing concern regarding the use of plastics, fluctuating raw material prices and presence of regulations against its usage and fierce competition from flexible plastic packaging are expected to impede the growth of the rigid plastic packaging market in the above mentioned forecast period, whereas the high input costs and recycling and environmental concerns have the potential to challenge the growth of the rigid plastic packaging market.

This rigid plastic packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on rigid plastic packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Rigid Plastic Packaging Market Scope and Market Size

Rigid plastic packaging market is segmented on the basis of type, raw material, production process and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

• On the basis of type, the rigid plastic packaging market is segmented into bottles and jars, rigid bulk products, trays, tubs, cups and pots and others. Others have further been segmented into blister and clamshell packs and rigid plastic tubes.
• Based on raw material, the rigid plastic packaging market is segmented into bioplastics, polyethylene (PE), polyethylene terephthalate (PET), polystyrene (Ps), polypropylene (Pp), polyvinyl chloride (PVC), expanded polystyrene (EPs) and others. Others have further been segmented into PC, PLA and polyamide.
• On the basis of production process, the rigid plastic packaging market is segmented into extrusion, injection molding, blow molding, thermoforming and others. Others have further been segmented into foam extrusion, calendaring and roto molding.
• The end user segment for rigid plastic packaging market is segmented into food, beverages, pharmaceuticals, cosmetics and toiletries, healthcare, industrial and others. Others have further been segmented into consumer goods, agricultural and homecare.

Rigid Plastic Packaging Market Country Level Analysis

Rigid plastic packaging market is analyzed and market size, volume information is provided by country, type, raw material, production process and end user as referenced above.

The countries covered in the rigid plastic packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific leads the rigid plastic packaging market because of the rapid industrialization and urbanization in developing countries such as China and India within this region. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the increased consumption of beverages as well as the growing demand from the manufacturing and e-commerce sector within this region.

The country section of the rigid plastic packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Rigid Plastic Packaging Market Share Analysis

Rigid plastic packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to rigid plastic packaging market.

The major players covered in the rigid plastic packaging market report are Amcor plc, Anchor Packaging LLC, Berry Global Inc., Blisterpak, Inc., PLASTIPAK HOLDINGS, INC., Silgan Holdings Inc., Altium Packaging, D&W Fine Pack, Coveris, Sonoco Products Company, Sabert Corporation, UFP Technologies, Inc., Universal Plastics, DS Smith, Placon, Genpak, LLC, ALPLA, Huhtamaki Flexible Packaging, EasyPak and Sealed Air, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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