Rigid Plastic Packaging Market Set for CAGR 5.50% Explosive Growth to 2030 to Reach 1,95,302.10 Million by 2030

In its research report, Market Research Future (MRFR), Rigid Plastic Packaging Market is projected to be worth USD 1,95,302.10 million by 2030, registering a CAGR of 5.50% during the forecast period (2021 - 2030)

Drivers and Restraints

Diverse factors drive the market, such as increased consumption of processed foods & drinks, and innovation in rigid packaging. For these developing countries the higher disposable income raises buying power. Nonetheless, there are various constraints on the market for rigid plastic packaging, such as fluctuating costs of raw materials and recycling and environmental issues. In the forecast era, the global demand for rigid plastic packaging is projected to rise at a CAGR of 5.6 percent.

Request a Sample Research Report: https://www.marketresearchfuture.com/sample_request/4973

Segmental Analysis
The global market for Rigid plastic packaging was segmented based on content, application, and area.

The market is segmented based on content, including Bio plastics, Polyethylene Terephthalate (PET), Polyethylene (PE), Polyvinyl Chloride (PVC) and others. Polyethylene dominates the market's consumer category, and is expected to be the fastest growing type of products.

The market is segmented as Extrusion, Injection Molding, and others based upon the manufacturing process. Market segment is dominated by injection molding processes. The most widely used manufacturing method for the manufacture of plastic parts is injection molding. It is used mainly because of factors such as faster manufacturing process and low waste volume. Extrusion is another significant fabrication method as well.

The industry was segmented upon application as Food & Beverages, Healthcare, Personal Care, Industrial Packaging and Others. The application segment of the market is dominated by food & beverages and is projected to be the fastest growing application segment. Growing population coupled with rising food and beverage demand, drives market growth.

On the basis of product, the market has been segmented as tubs, trays, bottles & jars, cups and others. Material divisions are dominated by bottles & cans. Many items are packaged with bottles, such as juices, beer, carbonated soft drinks, food products and others. The demand for bottles and jars is driven by factors such as expanding global population, growing urbanization and increased demand for beverages and household care products.

Check Discount: https://www.marketresearchfuture.com/check-discount/4973

Regional Analysis
The geographical synopsis of the global market has been conducted in four major regions, including North America, the Asia Pacific, Europe, and the rest of the world.

Asia Pacific dominates the global market for rigid plastic packaging and North America follows. The fastest growing area for the industry is projected to be the one. It includes countries like China, India, and Japan which lead to the export of goods to different parts of the world. Increasing industrialization and urbanization in developing countries like China and India is providing demand boosting. In addition, the availability of raw materials and low labor costs together allow a positive impact on the growth of the industry. China accounts for the biggest share of the Asia Pacific region's rigid plastic packaging market. North America is the second-largest business area. Increased soda intake is fuelling demand growth. It is also predicted that Latin America and the Middle East & Africa regions will experience high growth over the forecast period due to increasing demand from the manufacturing and e-commerce market. The expected contribution of the European region during the forecast period is important.

Competitive Analysis
The major market players operating in the global rigid plastic packaging market as identified by MRFR are RPC Group Plc (U.K.), Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Sealed Air Corporation (U.S.), ALPLA Werke Alwin Lehner GmbH & Co KG (Austria), Coveris Holdings S.A. (Luxembourg), Berry Plastics Corporation (U.S.), Reynolds Group Holdings (New Zealand), Silgan Holdings, Inc. (U.S.), Plastipak Holdings, Inc. (U.S.), Linpac Packaging Limited (U.K.), and Consolidated Container Company (U.S.).

Browse Complete Report: https://www.marketresearchfuture.com/reports/rigid-plastic-packaging-market-4973

Browse the Report

Corrugated Boxes Market: https://www.marketresearchfuture.com/reports/corrugated-boxes-market-4179

Display Packaging Market: https://www.marketresearchfuture.com/reports/display-packaging-market-4881

Rigid Plastic Packaging Market: https://www.marketresearchfuture.com/reports/rigid-plastic-packaging-market-4973

Active And Intelligent Packaging Market: https://www.marketresearchfuture.com/reports/active-and-intelligent-packaging-market-5550

Jerry Cans Market: https://www.marketresearchfuture.com/reports/jerry-cans-market-6594

Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans conducts meet with the industry experts and industrial visits for its research analyst members.

This release was published on openPR.