Polaris Market Research has published a detailed report on the global Rigid Plastic Packaging Market, offering valuable insights for stakeholders. The report covers key aspects, including global market value, competitor market share, and regional distributions. It highlights current market trends and identifies future growth opportunities, providing essential data to help businesses navigate the evolving market landscape. This comprehensive analysis equips stakeholders with actionable information to make informed decisions and stay competitive. By addressing market dynamics, challenges, and emerging opportunities, the report serves as a critical resource for understanding the complexities of the Rigid Plastic Packaging market and planning strategic actions effectively.
According to the research report, the global rigid plastic packaging market was valued at USD 188.88 billion in 2023 and is expected to reach USD 276.86 billion by 2032, to grow at a CAGR of 4.4% during the forecast period.
Key Market Drivers:
- Growth in the e-commerce and food delivery sectors.
- Demand for durable and lightweight packaging solutions.
- Rising focus on recyclable and sustainable materials.
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Key Companies in Rigid Plastic Packaging Market:
- PLC Amcor
- SECURE AIR
- Coveris
- Fruit Global Inc.
- Mondi
- Companies Sonoco Products
- WINPAK LTD. Inc. CCL Industries
- Permanent Flexibles etc.
Rigid Plastic Packaging Market Research Scope
The research investigates materials (polyethylene, PET, polypropylene), applications (food, beverages, healthcare, personal care), and consumer trends. It includes the impact of sustainability, recycling mandates, and growth in e-commerce. The scope covers technological innovations, competitive landscape, and regional dynamics, emphasizing lightweight, durable, and eco-friendly packaging solutions.
Rigid Plastic Packaging Market Segmentation:
Rigid plastic packaging is segmented by material, application, and end-user. Materials include polyethylene, polypropylene, and PET. Applications span food & beverage, healthcare, personal care, and industrial products. The end-user segment emphasizes industries like FMCG, pharmaceuticals, and e-commerce. Sustainability concerns drive demand for recyclable plastics, while growth in online retail expands opportunities in lightweight, durable packaging solutions.
Rigid Plastic Packaging Market, Product Outlook (Revenue – USD Billion, 2019-2032)
- Bottles and Jars
- Trays and Containers
- Caps & Closures
- Other
Rigid Plastic Packaging Market, Process Outlook (Revenue – USD Billion, 2019-2032)
- Extrusion
- Injection Molding
- Blow Molding
- Thermoforming
- Other
Rigid Plastic Packaging Market, End Use Outlook (Revenue – USD Billion, 2019-2032)
- Food & Beverages
- Industrial Packaging
- Pharmaceuticals
- Personal & Household Care
- Others
Rigid Plastic Packaging Industry Developments:
In June 2019, Amcor plc acquired Bemis Company, Inc., a U.S.-based flexible packaging manufacturer, for approximately USD 5.25 billion. Similarly, in July 2019, Berry Global Inc. completed the acquisition of RPC Group Plc, a UK-based plastic packaging manufacturer, for USD 6.5 billion. Both acquisitions aimed to enhance their plastic packaging portfolios, expand manufacturing capacity, and strengthen their global presence.
The Rigid Plastic Packaging market report offers an in-depth analysis of market dynamics, including trends, sizes, patterns, and growth factors. It highlights critical developments and emerging trends to help stakeholders refine their strategies and strengthen market positioning. The report concludes with a detailed summary of key findings and the research methodologies employed. This comprehensive analysis serves as a valuable resource for businesses, investors, and stakeholders, enabling them to make informed decisions and drive sustainable growth.
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