15 July 2019 –
The Global Rigid Plastic Packaging Market is
subject to witness a substantial growth due to the soaring need for environment
friendly and sustainable packaging solutions. Metal composites of aluminum,
steel and plastic grades like polyethylene terephthalate (PET) &
polyethylene (PE), glass, and paper are adopted for various packaging
applications.
Rapid industrialization in BRICS economies such as Brazil,
Russia, India, China and South Africa is expected to stimulate market growth of
rigid packaging in the upcoming years. Globally, the market is predicted to
grow at CAGR of 5.57% in the forecast period providing numerous opportunities
for market players to invest for research and development in the rigid plastic
packaging market.
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The recent technological advancement in the manufacturing
sector coupled with development of advanced packaging solution are anticipated
to boost market growth over the forecast period. In addition, growing
manufacturing sector in South East Asian economies such as Singapore, South
Korea, Taiwan and Malaysia is projected to escalate the growth of the market in
the upcoming years. Rigid plastic packaging are largely utilized in various
manufacturing and retail applications. Increasing adoption of the rigid plastic
packaging materials is credited to their lightweight and eco-friendly nature,
thus rocketing the demand of rigid plastic packaging market, in recent years.
Additionally, metal, glass and paper can be easily recycled
for multiple use due to their flexibility. These factors drive the demand for
rigid plastic in the packaging sector. Other factors such as ease of use,
simple operation and cost-effectiveness are complementing market growth in the
recent years. Paper & paperboard and glass packaging is biodegradable thus
limiting environmental hazards. Paper and glass packaging is an ideal
substitute for plastics in the packaging & manufacturing sector. These
factors are largely influencing the market growth thus creating lucrative opportunities
for industry players during this period.
The key players in the rigid plastic packaging market are
Reynolds Group Holding AG, Amcor Ltd., Sonoco Co., Bemis Company Inc., Sealed
Air Co., Plastipak Holdings, Inc.; Berry Plastics Co., Coveris Holdings S.A.,
Consolidated Container Co., DS Smith plc, Silgan Holdings, Inc., and Ball Co.
On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• PET
• PP
• HDPE
• Others
On the basis of the
end users/applications, this report focuses on the status and outlook for major
applications/end users, (sales), market share and growth rate for each
application, including
• Beverages
• Foods
• Household Cleaning
• HealthCare
• Others
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