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Rigid Plastic Packaging Market Annual Growth, Regional And Country Share, Key Factors, Trends And Analysis, To 2032
Rigid Plastic Packaging Market
The Business Research Company's Rigid Plastic Packaging Global Market Report 2023 identifies increasing demand from end users as the major driver for the Rigid Plastic Packaging market's growth in the forecast period. The food and beverage industry refers to all businesses that handle the processing, packaging, and distribution of uncooked food.
The global rigid plastic packaging market size is expected to grow from $219.29 billion in 2022 to $233.71 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global rigid plastic packaging market size is expected to reach $290.03 billion in 2027 at a CAGR of 5.5%.
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Major competitors in the Rigid Plastic Packaging market are Berry Global Inc., Amcor Plc, Silgan Holdings Inc., Pactiv Evergreen Inc, DS Smith Plc., Al Jabriplastic.
A key trend in the Rigid Plastic Packaging market includes technological advancement. Major companies operating in the rigid plastic packaging market are focusing on developing new technologies. For instance, in September 2022, Amcor Plc., an Australia-based global packaging company, launched the DairySeal™ line of packaging that features ClearCor™, an advanced polyethylene terephthalate (PET) barrier. The unique feature of clearcor PET barrier technology is that it has a concentrated capsulation in the preform's center, enabling greater flexibility and resin possibilities. This method preserves recyclability while improving the overall performance of the barrier in the package.
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The Rigid Plastic Packaging market is segmented -
• By Product Type: Boxes, Bottle, And Jars, Cans, Blister Packs, Clamshells, Trays, Intermediate Bulk Container (IBCs), Other Product Types
• By Material: Polyethylene, Polypropylene, High Density Polypropylene, Other Materials
• By Manufacturing Process: Extrusion, Injection Molding, Other Manufacturing Process
• By End-User: Food And Beverages, Personal Care, Household, Healthcare, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Rigid Plastic Packaging market.
The Business Research Company's "Global Rigid Plastic Packaging Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Rigid Plastic Packaging Market Include:
1. Executive Summary
2. Rigid Plastic Packaging Market Characteristics
3. Rigid Plastic Packaging Market Trends And Strategies
4. Rigid Plastic Packaging Market - Macro Economic Scenario
5. Rigid Plastic Packaging Market Size And Growth
…………………………………………………………………..
26. Africa Rigid Plastic Packaging Market
27. Rigid Plastic Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rigid Plastic Packaging Market
29. Rigid Plastic Packaging Market Future Outlook and Potential Analysis
30. Appendix
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