Rigid Plastic Packaging Market to Witness Exponential Growth by 2024 End | TMR Study

Rigid plastic packaging, as the name suggests, solely involves the usage of plastic material; it has a relatively inflexible shape or form. The global rigid plastic packaging market has exhibited considerable growth during the past few years, driven by the various beneficial properties of rigid plastic packaging, such as it is light weight, supple, and durable. Besides, rigid plastic packaging keeps the goods safe for a long period of time. Moreover, the changing lifestyle and increased consumer spending on packaged goods are factors attributed to the expected growth of the global rigid plastic packaging market over the forecast period.

Due to the rising environment concerns, there has been a rise in demand for recyclable products, thus paving the way for the foray of various recycling infrastructures for plastics, which in turn is propelling growth of the market for rigid plastic packaging. Rigid plastic packaging is used in various industries such as food & beverages, pharmaceuticals, and personal care, among others. The growth witnessed in these industries, in turn, is further propelling growth of the market for rigid plastic packaging. Overall, the global rigid plastic packaging market is expected to expand at a single digit CAGR over the forecast period.

Request A Brochure-https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=9587

Rigid Plastic Packaging Market: Drivers & Restraints

The rigid plastic packaging market is driven by the increasing demand from the food and beverages industry, which is one of the prominent end users of rigid plastic packaging. The eating habits of consumers globally are changing as the consumers are increasingly opting for packaged foods, which in turn is further driving growth of the market for rigid plastic packaging. However, the non-biodegradable properties of rigid plastic packaging have been observed to have a serious impact on the environment, which can pose as a restraint for growth of the rigid plastic packaging market over the forecast period.

Hence, some manufacturers are using natural raw materials over synthetic materials for manufacturing of rigid plastic packaging types. This trend is expected to help counter the environmental issues related to rigid plastic packaging. Expansion of plastic recycling units is another alternative for countering the environmental restraint. On the other hand, the competition from flexible plastic packaging may have a negative impact on growth of the rigid plastic packaging market over the forecast period.

Enquiry Before Buying-https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=9587

Rigid Plastic Packaging Market: Market Segmentation 

On the basis of raw materials, the global rigid plastic packaging market is segmented into:

Natural
Bio plastics
Synthetic
Polyethylene Terephthalate (PET)
Polyethylene (PE)
Polystyrene (PS)
Polypropylene (PP)
Expanded Polystyrene (EPS)
Polyvinyl Chloride (PVC)

On the basis of manufacturing process, the global rigid plastic packaging market is segmented into:

Extrusion
Co-Extrusion
Thermoforming
Injection Molding
Injection Blow Molding

On the basis of end-use industry, the global rigid plastic packaging market is segmented into:

Food & Beverage
Healthcare
Personal Care
Industrial Packaging
Others (consumer food service and household care)

Rigid Plastic Packaging Market: Region-wise Outlook

The global rigid plastic packaging market is anticipated to register a favorable growth during the forecast period, 2016?2026. On the basis of geography, the global rigid plastic packaging market is segmented into seven key regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and the Middle East & Africa. Among the aforementioned regional markets, the Asia Pacific market is projected to register the fastest growth over the forecast period, due to the dominance of the food and beverage industries in the region, especially in China, which accounts for the largest share of the rigid plastic packaging market in the Asia Pacific region. In terms of market share, the North America market is trailing behind the Asia Pacific market, and is followed by the Western Europe market. The remaining regional markets are expected to grow at a steady rate over the forecast period.

Get COVID-19 Analysis- https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=9587

Rigid Plastic Packaging Market: Key Players

Some of the key market participants in the global rigid plastic packaging market are 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.

Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/

About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.