“Growth in demand from the food & beverage industry to drive the market for rigid plastic packaging”
The global market for rigid plastic packaging is projected to grow from USD 189.43 billion in 2015 to reach USD 262.68 billion by 2021, at an estimated CAGR of 5.71%. The rigid plastic packaging market is driven by factors such as increase in urban population, demand for pharmaceutical supplies, and growth of the food & beverage industry. Rigid plastic packaging provides visually appealing packaging for food that maintains freshness and provides protection during shipping and transport. Plastic containers are specially designed for retailers, food processors, and brand owners seeking safe packaging that is environment-friendly. The growth in demand for flexible packaging poses a threat to rigid plastic packaging market.
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“Bottles & jars accounted for the largest market share in 2015”
The bottles & jars segment accounted for the largest market share in 2015 in the rigid plastic packaging market. Bottles & jars have properties such as easy handling and excellent damage preventionThe increase in demand for consumer durables, healthcare, and food & beverages supports the growth of bottles & jars.
“Asia-Pacific region to gain maximum traction during the forecast period”
The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by Europe. In Asia-Pacific, China is the largest consumer for rigid plastic packaging, followed by Japan. China, with its growing food & beverage and healthcare industries, is expected to drive the rigid plastic packaging market. Japan, with its growing inclination toward convenient products, is expected to impact the rigid plastic packaging market in the Asia-Pacific region.
Breakdown of primaries
Primary interviews were conducted with a number of industry experts, in order to collect data related to different aspects of rigid plastic packaging.
The distribution of primary interviews is as follows:
• By Company Type: Tier 1 – 43%, Tier 2 – 33%, and Tier 3 – 24%
• By Designation: C level – 40%, Manager level – 35%, and Others – 25%
• By Region: North America – 40%, Asia-Pacific – 25%, Europe – 20%, and the Rest of the World (RoW)– 15%
The suppliers of rigid plastic packaging and related products in the report are as follows:
- Amcor Limited (Australia)
- Bemis Company, Inc. (U.S.)
- RPC Group Plc (U.K.)
- Alpla Werke, Alwin Lehner GmbH & Co. Kg (Austria)
- Berry Plastics Corporation (U.S.)
- Coveris Holdings S.A. (Luxembourg)
- Reynolds Group Holdings (New Zealand)
- Plastipak Holdings, Inc. (U.S.)
- Consolidated Container Company (U.S.)
- Silgan Holdings, Inc. (U.S.)
Related Report:
Global Rigid Plastic Packaging Industry Market Research Report
The Rigid Plastic Packaging market revenue was xx.xx Million USD in 2013, grew to xx.xx Million USD in 2017, and will reach xx.xx Million USD in 2023, with a CAGR of x.x% during 2018-2023. Based on the Rigid Plastic Packaging industrial chain, this report mainly elaborate the definition, types, applications and major players of Rigid Plastic Packaging market in details. Deep analysis about market status (2013-2018), enterprise competition pattern, advantages and disadvantages of enterprise Products, industry development trends (2018-2023), regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analyzed scientifically, the feature of product circulation and sales channel will be presented as well. In a word, this report will help you to establish a panorama of industrial development and characteristics of the Rigid Plastic Packaging market.
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