Rigid Plastic Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
- Transparency Market Research
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.
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.
Rigid Plastic Packaging Market: Market Segmentation
On the basis of raw materials, the global rigid plastic packaging market is segmented into:
- Bio plastics
- 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:
- Injection Molding
- Injection Blow Molding
On the basis of end-use industry, the global rigid plastic packaging market is segmented into:
- Food & Beverage
- 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.
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.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections done using a suitable set of assumptions and methodologies. The research report provides analysis and information on the basis of categories such as market segments, geographies, types, technologies, and applications.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Value Chain
On the basis of region, the market is segmented into:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Asia Pacific (China, India, Japan, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on the market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments and regional markets exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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