The rigid plastic packaging market is expected to grow from USD 198.9 billion in 2021 to USD 250.2 billion by 2026, with a CAGR of 4.7%.
during the forecast period. Rigid plastic packaging only involves the use of a rigid plastic material which does not exhibit elastic deformation and has a relatively rigid shape or shape. It includes products such as bottles and jars, trays and blisters.
New York, May 26, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Release of the Report “Rigid Plastic Packaging Market by Raw Material, Type, Production Process, Application and Region – Global Forecast to 2026” – https://www.reportlinker.com/p04247294/?utm_source=GNW
The global rigid packaging market has seen tremendous growth in recent years, mainly due to characteristics such as low weight, flexibility and durability.
In terms of value and volume, the bottles and jars segment is expected to dominate the global rigid plastic packaging market in 2020.
The bottles and jars segment has acquired the largest share of the rigid plastic packaging market in 2020, in terms of value, and is expected to grow at the second highest CAGR during the forecast period. water, fruit juices, carbonated soft drinks, cosmetics, food products, personal care products and pharmaceuticals.
Most of these bottles and jars are made from PET, PE, PP, HDPE, PS and PVC.
Growing population, increasing urbanization and increasing demand for beverages and home care products are fueling the market growth.
The extrusion segment is expected to dominate the rigid plastic packaging market during the forecast period.
The extrusion segment is expected to dominate the rigid plastic packaging market during the forecast period.The process supports a wide range of die profiles, allowing manufacturers to create parts and products with a variety of Simple to very complex continuous cross sections.
The extruded roll is ready for thermoforming with no curing time required. As the extrusion process often uses thermoplastics – which can undergo the melting, molding and curing operations repeatedly – the overall material and disposal costs for one extrusion operation are lower than for other processes. molding.
In terms of value and volume, the Asia-Pacific rigid plastic packaging market is expected to grow at the highest CAGR during the forecast period.
The Asia-Pacific region accounted for the largest share in 2020 and is also expected to register the highest growth rate during the forecast period. Countries like India and China are expected to show strong growth in the packaging market rigid plastic due to the growth of development activities and rapid economic expansion.
In addition to this, the growing population of these countries presents a huge customer base for FMCG and durable consumer goods which, in turn, is expected to lead to the growth of the rigid plastic packaging market.
Key factors such as industrialization, growth of ready meals industry, growth of manufacturing activities, increase in disposable income, rising level of consumption and growth of online retail sales have contributed to the growth of the rigid plastic packaging market during the forecast period.
• By department: Sales / Export / Marketing: 54%, Production: 23% and CXO: 23%
•? By designation: Executives: 61%, CXO: 23%, and Executives: 16%
•? By region: North America: 33%, Europe: 27%, Asia-Pacific: 25%, Middle East and Africa: 10% and South America: 5%
The global rigid plastic packaging market includes major manufacturers, such as Amcor (Switzerland), Berry Global Group Inc. (US), Pactiv LLC (US), Silgan Holdings (US), Sonoco Products Company (United States), ALPLA-Werke (Austria)), SABIC (Saudi Arabia) and Plastipak Holdings (United States).
The market study covers the rigid plastic packaging market in various segments and aims to estimate the market size and growth potential of this market in different segments on the basis of type, raw material, production process, application and region.
The study also includes an in-depth competitive analysis of the major market players, along with their company profiles, key observations related to their products and business offerings, recent developments they have undertaken, and key growth strategies adopted by them to improve their position. in the rigid plastic packaging market.
Key benefits of purchasing the report
The report is expected to assist the market leaders / new entrants in this market with information on the closest approximations to revenue figures of the overall Rigid Plastic Packaging market and its segments and sub-segments. landscape and gain information to improve the position of their companies and plan appropriate go-to-market strategies.
The report also aims to help stakeholders understand the pulse of the market and provide them with insight into the key market drivers, challenges and opportunities.
Read the full report: https://www.reportlinker.com/p04247294/?utm_source=GNW
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