Rigid Plastic Packaging Market Forecast to 2027 - Covid-19 Impact Analysis by Amcor Plc, Berry Global Group Inc., DS Smith Plc, Plastipak Holdings

Plastic packaging is used to preserve, store, protect, and transport products. Rigid plastic packaging is majorly used for the packaging of food products that drives the growth of the market. Rising consumption of consumer goods is propelling the growth of the rigid plastic packaging market. Rigid plastic packaging keeps the goods safe for a long time, also increasing spending on the packaging is helping to raise demand for the rigid plastic packaging market.

MARKET DYNAMICS

Improvement in recycling and reuse rates of plastic, this helps to reduce plastic pollution, henceforth recycle and reuse of plastic packaging has gained significant attention that raises demand for the rigid plastic packaging market. However, rising the use of flexible packaging may hamper the growth of the market. Increasing consumption of beverage needs packaging solution that fuels the growth of the rigid plastic packaging market. Rigid plastic packaging is used by various end-user industries such as food and beverages, households, healthcare, personal care, and others that are expected to drive the growth of the rigid packaging market.

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The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Manufacturing and Construction, and many more. Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall Rigid Plastic Packaging market globally. This report on 'Rigid Plastic Packaging market' provides the analysis on impact on Covid-19 on various business segments and country markets. The report also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

MARKET SCOPE

The "Global Rigid Plastic Packaging Market Analysis to 2027" is a specialized and in-depth study of the rigid plastic packaging industry with a special focus on the global market trend analysis. The report aims to provide an overview of rigid plastic packaging market with detailed market segmentation by material, end-user and geography. The global rigid plastic packaging market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading rigid plastic packaging market players and offers key trends and opportunities in the rigid plastic packaging market.

MARKET SEGMENTATION

The global rigid plastic packaging market is segmented on the basis of material, end-user. On the basis of material the market is segmented as polystyrene (PS), polyethylene terephthalate (PET), polyethylene (PE), polypropylene (PP), others. On the basis of end-user the market is segmented as food and beverage, personal care, household, healthcare, others.

MARKET PLAYERS

The reports cover key developments in the rigid plastic packaging market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from rigid plastic packaging are anticipated to lucrative growth opportunities in the future with the rising demand for rigid plastic packaging in the global market. Below mentioned is the list of few companies engaged in the rigid plastic packaging market.

The report also includes the profiles of key rigid plastic packaging companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

o ALPLA Werke Alwin Lehner GmbH & Co KG
o Amcor Plc
o Berry Global Group Inc.
o DS Smith Plc
o Kl?ckner Pentaplast Group
o Plastipak Holdings, Inc.
o Reynolds Group Holdings Limited
o RPC Group Plc
o Silgan Holdings Inc.
o Sonoco Products Company

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