Global Rigid Plastic Packaging Market 2018-2022
About Rigid Plastic Packaging
Rigid plastic packaging generally refers to bottles, containers, tubes, caps, and closures made from plastic material. Rigid plastic packaging material is experiencing high annual growth, which is attributed to the high demand for polyethylene terephthalate (PET) products. Based on the type, the global rigid plastic packaging market is segmented into global rigid bottles market, global rigid plastic containers market, global rigid plastic cups and closures market, and other rigid plastic packaging products market. The other rigid plastic packaging products include collapsible tubes, blisters, and clamshells.
Technavio’s analysts forecast the global rigid plastic packaging market to grow at a CAGR of 5.57% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global rigid plastic packaging market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Rigid Plastic Packaging Market 2018-2022
Technavio recognizes the following companies as the key players in the global rigid plastic packaging market: Amcor, ALPLA Werke, Bemis, Berry Global, RPC, and Silgan Holdings.
Other Prominent Vendors in the market are: Coveris, Sealed Air, Crown Packaging, and Winpak.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is innovation and technology in packaging. Next-generation packaging is driving the demand for plastic packaging. Next-generation packaging is traceable and provides product quality information to the customers. Innovative multilayer packaging reduces the deterioration of the product and protects the contents from antimicrobials as chemicals and bio pharmaceuticals are more prone to quality deterioration. For some industries, the packaging material should follow strict regulatory compliances like in the pharmaceutical and chemical industry. Hazardous substances must be transported safely with stipulated guidelines.”
According to the report, one driver in the market is rising use of bioplastics in rigid plastic. The global demand for bioplastics is expected to grow at a CAGR of 21%-23% till 2022. Bioplastics are derived from biodegradable resources, such as corn starch; and produce less carbon dioxide during the manufacturing process. They can be easily absorbed by the microorganisms in the soil and are less harmful to the environment. Bioplastics have been used earlier as a packaging material in automobile, and oil and gas industries. However, now, their scope is widening in other areas like flexible and rigid plastic packaging as well. The one-time use or single served application of PET bottles is driving the bio-PET demand as most PET bottles are intended to be used once and then disposed of.
Amcor, ALPLA Werke, Bemis, Berry Global, RPC, Silgan Holdings, Coveris, Sealed Air, Crown Packaging, and Winpak.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook