Global Rigid Plastic Packaging Market Size and Forecast To 2025
Global Rigid Plastic Packaging Market Analysis
According to Verified Market Intelligence, The Global Rigid Plastic Packaging market was valued at USD 211.61 billion in 2017 and is projected to reach USD 327.48 billion by 2025, growing at a CAGR of 5.6% from 2018 to 2025.
What is Rigid Plastic Packaging?
Rigid plastic packaging is a type of packaging technique that involves usage of plastic material. A rigid plastic material can be defined as the material that exhibits no elastic deformation and perfect plastic deformation. Rigid plastic packaging comprises of cups, bottles, closures, pots and cans. Benefits offered by rigid plastic packaging are durability, cost, longevity, absorption of flavors and light weight. It has wide range of applications in different industries such as food & beverages, pharmaceuticals, and personal care etc. Growing awareness among the consumer regarding packaged goods contribute in the growth of rigid plastic packaging market.
Global Rigid Plastic Packaging Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Growing demand from the food & beverage packaging industry, shift in consumer’s habits towards packaged food and rising demand for biodegradable rigid plastic packaging is driving the global rigid plastic packaging market. On the other hand, stringent regulations, environment concerns and high competition from flexible plastic packaging flexible plastic packaging might hinder the overall growth at a global level.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Rigid Plastic Packaging Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Rigid Plastic Packaging Market Competitive Landscape
The “Global Rigid Plastic Packaging Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as 3M, ES Plastic, ALPLA, Alto, Amcor, Bemis, Anchor Packaging, APPE, Berry Plastics, Binggrae, Faerch Plast, Dow Chemical, DS Smith, Etimex Primary Packaging, and Graham Packaging Company.. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Rigid Plastic Packaging Market Segmentation, by Raw Material
• Polyethylene (PE)
• Polypropylene (Pp)
• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate (PET)
• Polystyrene (Ps)
Global Rigid Plastic Packaging Market Segmentation, by Type
• Rigid Plastic Packaging Market, By Type
• Tubs, Cups, and Pots
• Bottles & Jars
• Rigid Bulk Products
Global Rigid Plastic Packaging Market Segmentation, by Production Process
• Injection Molding
• Blow Molding
Global Rigid Plastic Packaging Market Segmentation, by Application
• Cosmetics & Toiletries
Global Rigid Plastic Packaging Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
Research Methodology of Verified Market Intelligence:
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