Amcor (Switzerland) and Berry Global Group Inc. (USA) are leading players in the rigid plastic packaging market
Search through 195 market data tables and 51 numbers, spread over 207 pages and detailed tables of contents on the “Rigid Plastic Packaging Market”
Rigid Plastic Packaging Market by Raw Material (PE, PET, PP, PVC, EPS, PS, Bioplastic), Type (Bottles & Jars, Trays, Tubs, Mugs & Pots), Production Process (Extrusion, Injection Molding), Application, and Region
The global rigid plastic packaging market is projected to reach $ 250.2 billion by 2026, with an estimated CAGR of 4.7% over the forecast period. Due to its diverse applications in end-user industries such as beverages, food and healthcare, the market is expected to see significant growth in the future. The global rigid plastic packaging market is being driven by factors such as strong demand in major Asia Pacific markets such as India and China, and increasing demand from the food and beverage packaging industry.
The Asia-Pacific region had the largest share in 2020 and is also expected to see the highest growth rate over the forecast period. For countries such as India and China, high growth in the market for hard plastic packaging is expected due to growing development activities and rapid economic expansion. In addition, the growing populations in these countries represent a huge customer base for FMCG products and consumer durables, which in turn should lead to growth in the rigid plastic packaging market.
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Key factors such as industrialization, growing convenience food industry, increasing production activities, increasing disposable income, increasing consumption levels and growing e-retail sales have contributed to the growth of the rigid plastic packaging market in the forecast period.
The market for hard plastic packaging is dominated by big players such as Amcor (Switzerland), Berry Global Group Inc. (USA), Pactiv LLC (USA), Silgan Holdings (USA), Sonoco Products Company (USA), ALPLA-Werke (Austria)) , SABIC (Saudi Arabia) and Plastipak Holdings (USA). These players have pursued growth strategies such as acquisitions and new product developments to further expand their presence in the global rigid plastic packaging market.
Amcor Plc (Amcor) is a packaging solutions provider. It offers plastic, fiber, metal and glass packaging products such as pet bottles, plastic bottles and jars, capsules and closures, specialty folding boxes, free wrap, pouches and pouches, packaging, rigid containers, laminates and flow packs. The company’s products find use in a variety of industries such as food and beverages, including spirits and wine, confectionery, fresh produce, pet food, coffee and milk packaging. It also serves the medical device, healthcare, pharmaceutical, personal care, and household product markets. The company is represented in Western Europe, Asia-Pacific, North America and Oceania. Amcor is headquartered in Warmley, Bristol, UK.
Berry Global Group Inc. (Berry Global) is a manufacturer of plastic consumer packaging, specialty nonwovens and engineering materials. The product portfolio includes stretch and shrink films; institutional can liners; Plastic beverage cups and lids; Closures and caps; Polyvinyl chloride (PVC) films; Bottle and prescription vials; Food and consumer films; Tape products; and components for baby diapers and other absorbent hygiene products. The company offers its products under various brands such as Agribon, Agryl, Novagryl, Chicopee, Color Scents, Polyken and Qubic. Berry Global serves the hospitality, healthcare, personal care, household, hygiene, industry, transportation, and food and beverage sectors. The company has offices in the United States, Canada, Europe and the rest of the world.
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