Rigid Plastic Packaging Market Development, Market Trends, Key Driven Factors, Segmentation And Forecast To 2020-2026

According to a new report published by Allied Market Research, titled, " Global Rigid Plastic Packaging Market by Material, and End-User Industry: Global Opportunity Analysis and Industry Forecast, 2019–2026," The global rigid plastic packaging market size was valued at $216.8 billion in 2018, and is projected to reach $340.4 billion by 2026, growing at a CAGR of 5.6% from 2019 to 2026.

The rigid plastic packaging market is expected to be driven by the growth in adoption of rigid plastic packaging in the food & beverages industry, and rise in demand from the healthcare industry. Key market players in rigid plastic packaging market aim to explore new technologies and products to meet the increasing customer demands. Product launch and business expansion are expected to enable them to expand their product portfolios and penetrate different regions.

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The leading Industry players profiled in the Rigid Plastic Packaging Market include:
ALPLA-Werke Alwin Lehner GmbH & Co KG, Amcor Limited, DS Smith Plc, Berry Plastics Corporation, Klöckner Pentaplast, Plastipak Holdings, Inc., Reynolds Group Holdings, RPC Group Plc, Silgan Holdings, Inc., and Sonoco Products Company

These players are focusing on several strategies including mergers and acquisition, collaborations, joint ventures, new product launches, and expansions to gain prominent position among other players in the market.

Key findings from this research report:

The report offers a quantitative and qualitative analysis of the current Rigid Plastic Packaging Market trends, forecasts, and market size to identify new opportunities.
Porter's Five Forces analysis presents the strength of suppliers and buyers to enable stakeholders to plan effective strategic business decisions and identify the level of competition in the market.
Top impactful factors & major investment pockets are highlighted in the study.
The key countries in each region are analyzed including highlights on their revenue contribution.
The market player positioning segment offers an understanding of the present position of the market players active in the Rigid Plastic Packaging Market.The research delivers detailed segmentation of the global Rigid Plastic Packaging Market. Major segments analyzed in the research comprise battery type, application, and region. Extensive analysis of sales, growth rate, revenue, and market share of each FF and GG for the historic period as well as the forecast period is delivered with the help of graphical presentation like tables and charts.

In 2018, the Asia-Pacific region dominated the global rigid plastic packaging market, in terms of revenue, accounting for around 36.1% share of the global market, followed by Europe. In terms of material, the PET segment accounted for highest share in the overall global market in 2018. The PP segment is expected to witness a significant growth during the forecast period. The key factors that drive the growth of the global rigid plastic packaging market include rise in demand for affordable and recycled plastic products. However, uncertain raw material prices are expected to restrain the rigid plastic packaging market growth. By end-user industry, the food & beverage segment secured the highest share in the market in 2018. The personal care segment is expected to grow at the highest CAGR during the forecast period. 

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Rigid Plastic Packaging Market research report Other insights associated with Segmentation are:

The Rigid Plastic Packaging Market research report offers an accurate analysis of the Product by Type of this business sphere which is split into:
PET
PP
HDPE
Others

Key Offerings from the Report:

The report delivers an extensive analysis of crucial growth strategies, opportunities, drivers, major segments, competitive landscape, and Porter's Five Forces analysis. This research is a helpful source of information for the industry players, investors, stakeholders, VPs, and new entrants to understand picture of the industry and determine next major steps to be taken for obtaining competitive advantage.

The report also delivers key drivers that are expected to drive the market growth in the global Rigid Plastic Packaging Market. These insights will help the industry players to set up strategies to establish remarkable presence in the market. The extensive research also outlines limitations of the market. Highlights on key opportunities are mentioned to assist the industry players in deciding further steps by identifying potentials in unexplored regions.

COVID-19 Market Scenarios:

The Rigid Plastic Packaging Market has been the worst hit by COVID-19, on the global scale. On the basis of government restrictions and WHO guidelines, the operating companies have halted their manufacturing processes. Global lockdown has significantly affected the distributors and suppliers to stop their services and deliveries. This crucial impact is hampering the growth of the market to a significant extent.

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In the end, Rigid Plastic Packaging industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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This release was published on openPR.