Global Rigid Plastic Packaging market size was valued at USD 215.45 Billion in 2023 and the total revenue is expected to grow at a CAGR of 4.9 % from 2024 to 2030, reaching nearly USD 301.14 Billion by 2030.
Market Overview:
The Rigid Plastic Packaging market study encompasses price trend analysis of target brands, market insights from various countries, clinical trial findings, literature research, analysis of the refurbished market and product base, and additional services. It also includes a comprehensive analysis of rival markets, ranging from technology-based research to portfolio strategies. The report incorporates an extensive list of competitors to reflect the current market scenario accurately.
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Market Scope:
This research study offers annual projections up to 2027, along with insights into each major end-user segment of the Rigid Plastic Packaging market. It provides estimations for revenue, sales, and growth rate of the Rigid Plastic Packaging market worldwide.
Drivers:
The COVID-19 pandemic has changed the buying pattern of consumers. Measures such as nationwide lockdown have led to buy food and hygiene products. Following the COVID-19 crisis, increasing number of patients are opting for self-medication rather than visiting a doctor. This has led to several people stocking up over-the-counter drugs for symptom relief. Moreover, awareness and interest in the role of preventive health among consumers, has increased demand for products which help in boosting the immunity. This has led to increasing demand for health supplements. The overall increase in demand for pharmaceuticals is expected to drive the market growth of glutathione during the pandemic.
Segmentation:
By Type
Bottles & jars
Rigid bulk products
Trays
Tubs, cups, & pots
By Production
Process Extrusion
Injection molding
Blow molding
Thermoforming
By Material
Bioplastics
Polyethylene (PE)
Polyethylene Terephthalate (PET)
Polystyrene (PS)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
ed Polystyrene (EPS)
By Application
Food and Beverage
Healthcare
Cosmetics & toiletries
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Key Players: The leading players in the Rigid Plastic Packaging market include:
Major Global Key Players:
1. Tetra Pak International S.A. (Switzerland) – Global Presence
2. Sealed Air Corporation (United States) – Global Presence
3. Reynolds Group Holdings Limited (New Zealand) – Global Presence
4. Bemis Company, Inc. (United States) – Global Presence
5. Coveris Holdings S.A. (Luxembourg) – Global Presence
Leading Key Players in North America:
1. T Amcor plc (Australia)
2. Berry Global Group, Inc. (United States)
3. Ball Corporation (United States)
4. Sonoco Products Company (United States)
5. Silgan Holdings Inc. (United States)
Market Follower key Players in Europe:
1. RPC Group Plc (United Kingdom)
2. ALPLA Werke Alwin Lehner GmbH & Co KG (Austria)
3. Gerresheimer AG (Germany)
4. Constantia Flexibles Group GmbH (Austria)
5. Coveris Holdings S.A. (Luxembourg)
Prominent Key player Asia Pacific:
1. Toyo Seikan Group Holdings, Ltd. (Japan)
2. Huhtamaki Oyj (Finland)
3. Cosmopak Pty Ltd (Australia)
4. Zhuhai Zhongfu Enterprise Co., Ltd. (China)
5. UFlex Limited (India)
Leading key player in Middle East & Africa:
1. Nampak Limited (South Africa)
2. Saudi Basic Industries Corporation (SABIC) (Saudi Arabia)
3. PACCOR (Germany) – has a significant presence in the Middle East
4. ALPLA Werke Alwin Lehner GmbH & Co KG (Austria) – with operations in Africa
5. BWAY Corporation (United States) – operates in the Middle East
Growing Companies in South America:
1. Graham Packaging Company (United States) – operates in South America
2. Plásticos Novel S/A (Brazil)
3. Rigolleau S.A. (Argentina)
4. Greif, Inc. (United States) – has a presence in South America
5. Embalagens Flexíveis Flexoprint Ltda. (Brazil)
Regional Analysis:
The regional analysis section of the Rigid Plastic Packaging market report evaluates individual market influencers and legislative changes affecting current and future market trends. Factors such as consumption patterns, production capacities, import-export dynamics, price trends, raw material costs, and upstream and downstream value chain analyses are considered to forecast market conditions accurately.
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The report assesses the global Rigid Plastic Packaging market across the following regions:
- North America (United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
Key Questions Addressed in the Rigid Plastic Packaging Market Report:
- What are the emerging trends expected to shape the Rigid Plastic Packaging market in the forecast period?
- What will be the size of the Rigid Plastic Packaging market by 2027?
- Which company held the largest market share in the Rigid Plastic Packaging market in 2020?
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