Rigid Plastic Packaging Market | Key players operating in the market include Amcor, Pactiv LLC, Silgan Holdings, ALPLA-Werke, SABIC

According to recent market research "Rigid Plastic Packaging Market by Raw Material (PE, PET, PP, PVC, EPS, PS, Bioplastics), Type (Bottles & jars, Trays, Tubs, Cups & Pots), Production Process (Extrusion, Injection Molding), Application, and Region - Global Forecast to 2026", is projected to grow from USD 198.9 billion in 2021 to USD 250.2 billion by 2026, at a CAGR of 4.7% during the forecast period. The market is expected to witness significant growth in the future due to its multiple applications in end-use industries such as beverage, food, and healthcare. The global rigid plastic packaging market is driven by factors such as strong demand in major Asia-Pacific markets such as India and China and increasing demand from food & beverage packaging industries.

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The bottles & jars segment acquired the largest share in the rigid plastic packaging market in 2020, in terms of value, and is projected to grow at the second-highest CAGR during the forecast period. Rigid plastic bottles are used for packaging various products such as water, juices, carbonated soft drinks, cosmetics, food products, personal care products, and pharmaceutical products. Most of these bottles & jars are made from PET, PE, PP, HDPE, PS, and PVC. The flourishing retail industry, combined with the rise in disposable income of consumers. The increasing population, growing urbanization, and rising demand for beverages and home care products are fueling the market growth.

The extrusion segment is projected to lead the rigid plastic packaging market during the forecast period. The process accommodates a wide range of die profiles, allowing manufacturers to create parts and products with a variety of simple to highly complex continuous cross-sections. The extruded roll stock is ready for thermoforming, with no curing time required. As the extrusion process often uses thermoplastics-which can undergo the melting, molding, and hardening operations repeatedly-the overall material and disposal costs for an extrusion operation are lower than that of other molding processes.

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The global rigid plastic packaging market is projected to reach USD 250.2 billion by 2026, at an estimated CAGR of 4.7% during the forecast period. The market is expected to witness significant growth in the future due to its multiple applications in end-use industries such as beverage, food, and healthcare. The global rigid plastic packaging market is driven by factors such as strong demand in major Asia-Pacific markets such as India and China and increasing demand from food & beverage packaging industries.

The rigid plastic packaging market is dominated by major players such as Amcor (Switzerland), Berry Global Group Inc. (US), Pactiv LLC (US), Silgan Holdings (US), Sonoco Products Company (US), ALPLA-Werke (Austria), SABIC (Saudi Arabia), and Plastipak Holdings (US). These players have adopted growth strategies, such as acquisitions and new product developments to further expand their presence in the global rigid plastic packaging market.

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Amcor Plc (Amcor) is a provider of packaging solutions. It offers plastic, fiber, metal, and glass packaging products such as pet bottles, plastic bottles and jars, capsules and closures, specialty folding cartons, free films, bags and pouches, wrappers, rigid containers, laminates, and flow packs. The company's products find application in various industries such as food and beverage, including spirits and wine, confectionery, fresh produce, pet food, coffee, and dairy packaging. It also serves medical-device, healthcare, pharmaceutical, and personal care and home product markets. The company has its presence in Western Europe, Asia-Pacific, North America, and Oceania. Amcor is headquartered in Warmley, Bristol, the UK.

Berry Global Group Inc. (Berry Global) is a manufacturer of plastic consumer packaging, nonwoven specialty materials, and engineered materials. Its product portfolio includes stretch and shrink films; institutional can liners; plastic drink cups and lids; closures and overcaps; Polyvinyl Chloride (PVC) films; bottle and prescription vials; food and consumer films; tape products; and components for baby diapers, and other absorbent hygiene products. The company offers its products under various brands such as Agribon, Agryl, Novagryl, Chicopee, Color Scents, Polyken, and Qubic. Berry Global serves food service, healthcare, personal care, household, hygiene, industrial, transportation, and food and beverage sectors. The company has operations in the US, Canada, Europe, and Rest of the World.

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