Rigid Plastic Packaging Market 2019 Global Size, Top Leaders, Competitive Dynamics, Market Growth, Opportunities, Future Scope, Risk, Challenges, Business Overview And Regional Forecast To 2023

Rigid Plastic Packaging Market 2019 Global Size, Top Leaders, Competitive Dynamics, Market Growth, Opportunities, Future Scope, Risk, Challenges, Business Overview And Regional Forecast To 2023

“Rigid Plastic Packaging Market”
Global Rigid Plastic Packaging Market Size, Share, Trends, Analysis, Growth by Material (Bio plastics, Polyethylene Terephthalate (PET), Polyethylene (PE), Polyvinyl Chloride (PVC) and others), by Product (Bottles & jars, Trays, Tubs, Cups and others), by Manufacturing Process (Extrusion, Injection Molding, and others), by Application (Food & Beverages, Healthcare, Personal Care, Industrial Packaging and Others) and By Region – Global Forecast To 2023

Rigid Plastic Packaging Market Overview

The global rigid plastic packaging market is projected to garner a CAGR of 5.6% over the forecast period between 2017 and 2023.

The market is driven by factors like the increasing innovation in rigid packaging and the surging consumption rate of processed foods & beverages. Add to this, the high disposable income of individuals across developing nations is slated to further accelerate the rigid plastic packaging market. However, the fluctuating nature of the raw material pricing and concerns related to recycling and environment can be major hindrance to the overall growth of the market.

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Competitive Landscape

The global rigid plastic packaging market includes several key players, including

  • Berry Plastics Corporation (U.S.)
  • Sealed Air Corporation (U.S.)
  • Amcor Limited (Australia)
  • Reynolds Group Holdings (New Zealand)
  • RPC Group Plc (U.K.)
  • Silgan Holdings, Inc. (U.S.)
  • Bemis Company, Inc. (U.S.)
  • Linpac Packaging Limited (U.K.)
  • Coveris Holdings S.A. (Luxembourg)
  • ALPLA Werke Alwin Lehner GmbH & Co KG (Austria)
  • Plastipak Holdings, Inc. (U.S.)
  • Consolidated Container Company (U.S.).

Industry News

May 24th, 2019, Consolidated Container Company made an announcement of acquiring the assets of Sonic Plastics Enterprises. The company mentioned that the experience of the former company in producing packaging for health, nutraceutical, and beauty industry will enable them to offer its customers with new and distinctive packaging solutions.

Market Segmentation

The global rigid plastic packaging market segmentation is based in terms of material, manufacturing, product, and application.

By material, the market segments into Polyvinyl Chloride (PVC) Polyethylene Terephthalate (PET), Bio plastics, Polyethylene (PE), and others. The polyethylene segment holds the highest share of the global market and as per the report published by MRFR the segment is anticipated to be the fastest-growing market segment. It has been observed that most end-users use low-density polyethylene (LDPE) for rigid plastic packaging. LDPE holds several benefits like barrier to moisture, ease of processing, flexibility, strength/toughness, and ease of sealing. PVC, on the other hand, is a dense material which is a highly common material in India, especially when clarity is vital criteria of selection for consumer packaging.

By manufacturing process, the market comprises injection molding, extrusion, and others. The injection molding segment is the highest share holder of the market as it is the most commonly used process of manufacturing for the fabrication of plastic parts. It is primarily preferred due to the low production waste it generates and the faster-rate of production it offers.

By application, the market includes healthcare, food & beverages, industrial packaging, personal care, and others. Herein, the food & beverages industry holds the dominant share of the market and is projected stand out as the fastest growing segment under this category. The growing population base coupled with the booming demand for food & beverages-related products is the primal driver of the segment.

By product, the market breaks down into tubs, bottles & jars, cups, trays, and others. The bottles & jars leads this market category with the share percentage. As bottles are used for the purpose of packaging various important products like food products, juices, water, carbonated soft drinks, and others it garners massive demand. Additionally, factors like increasing urbanization, the expanding population base, and a booming demand for beverages and various household care products are also key drivers of the bottles and jars segment.

Regional Analysis

The global rigid plastic packaging market is regionally segmented into the following geographies: North America, Asia Pacific, Europe, and the Rest of the World (RoW).

The Asia Pacific region holds the dominant share percentage in the global rigid plastic packaging market. The region is anticipated to grow at the fastest pace during the forecast period primarily due to the presence of India, Japan, and China. These countries are global leaders when it comes to exporting different good items worldwide. Add to this, the surging industrialization and rate of urbanization in developing nations like India and China is also pushing the growth of the market.

North America stands second in the global rigid plastic packaging market standings and is expected grow at a consistent pace in the coming years. Elsewhere, the Latin America and the Middle East & Africa regions under the Rest of the World (RoW) segment are also expected to experience high growth rate during the forecast period.

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TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER’S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 BARGAINING POWER OF SUPPLIERS

3.1.4 THREAT OF SUBSTITUTES

3.1.5 SEGMENT RIVALRY

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

 Continues……

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