The 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:
This study aims to provide a comprehensive analysis of the Rigid Plastic Packaging market, examining its components, applications, industries, and geographical aspects. It delves into the primary drivers influencing market growth and offers an in-depth analysis of the market’s value chain.
Market Scope:
The research methodology employed for assessing and predicting the Rigid Plastic Packaging market involves secondary research utilizing revenue data from key suppliers. Market segmentation takes into account vendor offerings, and the overall market size is determined using a bottom-up approach based on the revenue of major enterprises.
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Drivers:
The lightweight and durable properties of rigid plastic packaging drive its adoption in various industries, contributing to market growth and enhancing its potential. The cost-effectiveness of these features reduces transportation costs and ensures product protection, further solidifying the Rigid Plastic Packaging Market share in the packaging industry. The cost-effectiveness of rigid plastic packaging positions it as a market leader, with the potential for increased penetration in industries looking for economical packaging solutions. Manufacturers are drawn to its cost advantages, making it a preferred choice and impacting the market share of alternative materials.
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 major players identified in the Rigid Plastic Packaging market report 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)
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Regional Analysis:
Market share statistics for Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America are provided individually. Analysts evaluate competitive strengths and conduct a thorough competitive analysis for each player.
COVID-19 Impact Analysis on Rigid Plastic Packaging Market:
Various industries such as aerospace, defense, agriculture, automobiles, retail, e-commerce, energy, healthcare, packaging, mining, electronics, banking, financial services, and insurance have been impacted by the COVID-19 pandemic. The report assesses the general impact of COVID-19 on the Rigid Plastic Packaging market, including its growth rate during 2019-2020. Insights and analysis on risk management and digital transformation strategies are provided to assist businesses navigating through the crisis.
Key Questions Answered in the Report:
Which segment dominated the Rigid Plastic Packaging market?
What was the competitive landscape of the Rigid Plastic Packaging market in 2020?
What are the key drivers fueling the growth of the Rigid Plastic Packaging market?
Which region held the largest share in the Rigid Plastic Packaging market in 2020?
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