Rigid Plastic Packaging Market Research Trends and CAGR to 2023

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Market Highlights
Rigid plastic packaging is used where goods should be tightly held together and secured for transportation. Such packaging is used for consumer products and in industrial applications, to protect, market, and distribute a variety of products. Growing e-commerce sector, boosted by the increasing internet penetration, across the globe drives the growth of the market. Plastic packaging market expansion will continue to profit from the drive to replace traditional materials such as glass and metal, with lighter-weight, cost-effective and higher performance plastic materials in various markets. However, advancements of alternative technologies, and concerns regarding the environment and recycling, may hamper the growth of the market.
Rigid plastic packaging market is projected to grow at CAGR of 5.6% during the forecast period.
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Drivers



Market Research Analysis
Global rigid plastic packaging market has been segmented based on materials, applications and regions. On the basis of materials, the market has been segmented as Bio plastics, Polyethylene Terephthalate (PET), Polyethylene (PE), Polyvinyl Chloride (PVC) and others. Polyethylene dominates the material segment of the market and is expected to be the fastest growing material segment. Majority of the end users use LDPE for rigid plastic packaging. It has numerous benefits such as ease of processing, barrier to moisture, strength/toughness, flexibility, and ease of sealing. PVC is a dense material. It is considered a common material in India, when clarity is an important selection criterion, particularly for consumer packaging. On the basis of manufacturing process, the market has been segmented as Extrusion, Injection Molding, and others. Injection molding processes dominates the market, by segments. Injection molding is the most commonly used manufacturing process for the fabrication of plastic parts. It is used mainly due to factors such as faster production process, and low production waste. Extrusion is also another major manufacturing process.
On the basis of application, the market has been segmented as food & beverages, healthcare, personal care, industrial packaging and others. Food & beverages dominates the application segment of the market and is expected to be the fastest growing application segment. Increasing population along with growing demand for food and beverages, drives the growth of the market.  On the basis of product, the market has been segmented as bottles & jars, trays, tubs, cups and others. Bottles & jars dominates the product segments of the market. Bottles are used to package many products, such as juices, water, carbonated soft drinks, food products, and others. Factors such as an expanding global population, increasing urbanization, and an increased demand for beverages and household care products, drive the demand of bottles and jars.
Global Rigid Plastic Packaging Market, 2016-2023 (USD Million)


               
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.
By Material
  • Bio plastics
  • Polyethylene Terephthalate (PET)
  • Polyethylene (PE)
  • Polyvinyl Chloride (PVC)
  • others
By Product
  • Bottles & jars
  • Trays
  • Tubs
  • Cups
  • Others
By Manufacturing Process
  • Extrusion
  • Injection Molding
  • others
By Application
  • Food & Beverages
  • Healthcare
  • Personal Care
  • Industrial Packaging
  • Others
By Region
  • North America 
  • Asia Pacific
  • Europe
  • Rest of the World  
Key Players
The prominent players in the Rigid plastic packaging market include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), RPC Group Plc (U.K.), Sealed Air Corporation (U.S.), ALPLA Werke Alwin Lehner GmbH & Co KG (Austria), Berry Plastics Corporation (U.S.), Coveris Holdings S.A. (Luxembourg), Reynolds Group Holdings (New Zealand), Plastipak Holdings, Inc. (U.S.), Silgan Holdings, Inc. (U.S.), Linpac Packaging Limited (U.K.), and Consolidated Container Company (U.S.).
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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