According to a recent survey conducted by ChemView Consulting, Global Rigid Plastic Packaging grew at a CAGR of 4.3% between 2017-2021 and is estimated to be US$ 1,72,351.4 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 3.8% and is expected to reach a valuation of US$ 2,50,258.2 Mn by 2032 end.
The inflexible plastic packaging marketplace length become worth USD 495.sixty-seven billion in 2021. The number one kinds of packaging are inflexible packaging and the opposite one is bendy packaging. Rigid plastic packaging has basically taken the function of traditional packaging substances which include glassware bottles and jars, boxes, and steel cans. Among each of these, Rigid plastic packaging is generally selected over traditional percent sorts for some of factors, which include much less weight, decreased comparative cost, formability, and ease of recycling. Solutions for packaging made from inflexible plastic are long-lasting, affordable, and sustainable.
The marketplace for inflexible plastic packaging is normally pushed with the aid of using the growing call for for environmentally pleasant and sustainable packaging answers. For producers, it’s miles producing potential boom prospects. Researchers and international marketplace members are running collectively to discover answers to the inflexible plastic packaging enterprise`s issues and meet call for from a variety of stop-use sectors, which include food, domestic care, non-public care, electronics, healthcare items, etc. Due to the region’s rapid monetary development, extended disposable income, and increasing attractiveness of green packaging options, producers who perform withinside the inflexible plastic packaging marketplace in Asia Pacific stand to benefit.
Rigid plastic packaging is extensively used due to its affordability, toughness, and mild weight. Plastics which might be inflexible, like PET and HDPE, may be thrown immediately right into a recycling container. Additionally recyclable, inflexible plastics provide a greener opportunity to bendy packaging. The marketplace is increasing as inflexible plastic packaging is being utilized in a whole lot of stop-use sectors.
The COVID-19 outbreak has had a combined effect at the inflexible plastics packaging enterprise in 2020, and via the stop of 2021, the marketplace is expected to growth most effective moderately. The availability of food, fitness and protection regulations, deliverables, contractual commitments, and venture delays or cancellations had been the largest stumbling blocks to the marketplace.
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A list of some of the key suppliers present in the market are:
3M
ES Plastic
ALPLA
Alto
Amcor
Bemis
Anchor Packaging
APPE
Berry Plastics
Dow Chemical
Report Coverage and Highlights
Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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About ChemView Consulting:
ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals & Materials, Food & Beverages, Packaging, Oil & Gas, New & Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.
Our client base ranges from industry experts, investors, top companies in the chemicals; and oil & gas industry to SMEs, start-ups, and new entrants. We have worked with over 100 companies to upscale their position as the global leader in the chemical & materials landscape with our cutting-edge analytics and advisory services.
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