The rigid plastic packaging market is projected to reach $ 250 billion by 2026, with a CAGR of 4.7% from 2021
DUBLIN, June 9, 2021 / PRNewswire / – The “Rigid Plastic Packaging Market By Raw Material (PE, PET, PP, PVC, EPS, PS, Bioplastics), Type (Bottles and Jars, Trays, Mugs, Cups, and Pots), Production Process (Extrusion, Injection Molding) , Application and Region – Global Forecast to 2026 “report has been added to ResearchAndMarkets.com’s offering.
The rigid plastic packaging market is expected to be driven by $ 198.9 billion in 2021 to $ 250.2 billion by 2026 with a CAGR of 4.7% in the forecast period.
Rigid plastic packaging exclusively involves the use of a rigid plastic material that shows no elastic deformation and has a relatively rigid shape or form. It includes products such as bottles and jars, trays and blister packs. The global rigid packaging market has grown rapidly in recent years, mainly due to features such as light weight, flexibility and durability.
In terms of value and volume, the Bottles & Jars segment is expected to lead the global rigid plastic packaging market in 2020.
The Bottles & Jars segment acquired the largest share of the market for rigid plastic packaging in terms of value in 2020 and is expected to grow with the second-highest CAGR in the forecast period. Rigid plastic bottles are used to package various products such as water, juices, carbonated soft drinks, cosmetics, food, personal care products, and pharmaceutical products. Most of these bottles and jars are made from PET, PE, PP, HDPE, PS and PVC. The thriving retail trade combined with the rise in consumer disposable income. The growing population, increasing urbanization and increasing demand for beverages and household care products are fueling market growth.
The extrusion segment is expected to lead the rigid plastic packaging market during the forecast period.
The extrusion segment is expected to lead the rigid plastic packaging market during the forecast period. The process enables a variety of tool profiles that enable manufacturers to produce parts and products with a variety of simple to highly complex continuous cross-sections. The extruded roll material is ready for thermoforming with no curing time required. Since the extrusion process often uses thermoplastics that can be repeatedly subjected to the melting, molding, and curing processes, the overall material and disposal costs for an extrusion process are lower than other molding processes.
Both in terms of value and quantity is the Asia Pacific The rigid plastic packaging market is expected to grow at the highest CAGR during the forecast period.
The Asia Pacific Region had the largest share in 2020 and is also expected to experience the highest growth rate in the forecast period. Countries like India and China Due to the growing development activities and the rapid economic expansion, high growth is expected in the market for rigid plastic packaging. 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.
Key topics covered:
2 research methodology
4 premium insights
4.1 APAC is experiencing high growth rates due to increasing demand from several end-user industries
4.2 Rigid Plastic Packaging Market By Region and Type
4.3 Hard Plastic Packaging Market by Region and Application
4.4 Hard Plastic Packaging Market By Production Process
4.5 Rigid Plastic Packaging Market by Country
5 Market overview
5.2 Market dynamics
188.8.131.52 Growth of the packaging industry in APAC
184.108.40.206 Strong demand from the food and beverage packaging industry
220.127.116.11 Strict regulations
18.104.22.168 Fierce competition from flexible plastic packaging
22.214.171.124 Change in demographic trends
126.96.36.199 Change in lifestyle patterns
188.8.131.52 High input costs
184.108.40.206 Recycling and environmental concerns
5.3 Porter’s five forces analysis
5.4 Value chain
5.5 Analysis of the supply chain
5.6 Well-known companies
5.7 Small and Medium Enterprises
5.8 Yc & Ycc shift
5.9 Regulatory landscape
5.10 Container Compliance Options
5.11 Calculate conformity
5.12 Technology Analysis
5.13 New solution for molding preforms for pets
5.14 Pet-free ovenable tray solution
5.15 New technology for manufacturing ultra-thin-walled containers
5.16 case study analysis
5.17 Trade Analysis
5.19 Price Analysis
5.20 Patent Analysis
6 Impact of COVID-19 on Rigid Plastic Packaging Market
7 Rigid Plastic Packaging Market By Type
8 Hard Plastic Packaging Market By Raw Material
9 Hard Plastic Packaging Market By Production Process
10 Rigid Plastic Packaging Market By Application
11 Rigid Plastic Packaging Market by Regions
12 Competitive Landscape
13 company profiles
13.1 Key Players
13.1.2 Berry Global Group Inc.
13.1.3 Pactiv GmbH
13.1.4 Silgan Holdings Inc.
13.1.5 Sonoco Products Company
13.1.6 DS Smith plc
13.1.9 Al Jabri Plastic Factory
13.1.10 Takween Advanced Industries
13.1.11 Nuplas Industries Ltd
13.2 Other players
13.2.1 Altium-Packaging Lp
13.2.2 Plastipak Holdings, Inc.
13.2.3 Lockner Pentaplast®
13.2.4 Hitech Corporation
13.2.5 Lacerta Group Inc.
13.2.6 Winpak Ltd
13.2.7 US packing group
13.2.8 Regent Plast Pvt. GmbH.
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