Global Rigid plastic packaging Market is valued approximately at USD 190.33 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.7% over the forecast period 2021-2027. Rigid plastic is a plastic packing that involves utilization of plastic materials for packaging purpose. This is mainly used in industries such as personal care, food & beverages, healthcare and end use industries. The global rigid plastic packaging market is being driven the rising strong demand from the food & beverage packaging industry as the plastic packaging store the food as required and the improving packaging recycling rates all over the globe. Furthermore, the Change in lifestyle patterns of people and their perception regarding the use of rigid plastic, will provide new opportunities for the global rigid plastic packaging industry. For instance according to U.S environmental protection agency, in 2018 the recycled packaging and container was 53.9 percent which was around 44,330 tons of total 82,220 tons plastic generation as compare to 2017 in which total generated was 81,200 out of which 40,140 tons plastics and containers were recycled. As a result, these increase in recycling rates of the plastics and container not only boost the rigid plastic packaging but these recycling will also improve environment sustainability, which will serve as a catalyst for the rigid plastic packaging industry in the future. However, Stringent Legal and Political Regulations may impede market growth over the forecast period of 2021-2027.
Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key region considered for the regional analysis of global rigid plastic packaging. The increase in developmental activities and rapid economic expansion in countries such as India and China makes Asia Pacific the leading region across the world in terms of market share. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to increase in consumer disposal income, rising consumption and fast moving consumer goods.
Major market player included in this report are:
Berry Global Group Inc.
Silgan Holdings Inc
Sonoco Products Company
DS, Smith PLC
AL Jabri plastic factory
Takween advance industries.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Bottles & Jars
Rigid bulk products
Tubs, cups and pots
By Raw material:
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Food & beverages
Cosmetics & toiletries
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Rigid plastic packaging Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers