(Entertainment-NewsWire.com, January 12, 2018 ) The report "Rigid Plastic Packaging Market by Raw Material (PE, PET, PP, PVC, EPS, PS, Bioplastics), Type (Bottles & jars, Trays, Tubs, Cups & Pots), Production Process (Extrusion, Injection Molding), Application, and Region - Global Forecast to 2021", The rigid plastic packaging market size is projected to grow from USD 189.43 billion in 2015 to reach USD 262.68 Billion by 2021, at a CAGR of 5.71%
Browse 113 market data tables and 60 figures spread through 193 pages and in-depth TOC on “Rigid plastic packaging Market by Raw Material (PE, PET, PP, PVC, EPS, PS, Bioplastics), Type (Bottles & jars, Trays, Tubs, Cups & Pots), Production Process (Extrusion, Injection Molding), Application, and Region - Global Forecast to 2021”
Early buyers will receive 10% customization on reports.
The global rigid plastic packaging market is driven by factors such as cost-effectiveness of rigid plastic packaging, strong growth in the food & beverage industry, and increase in consumer expenditures for packaged products. The growth in healthcare industry and increase in demand for packed products present a great opportunity for this market to grow in the future. The rigid plastic packaging market is witnessing demand, owing to the rise in manufacturing activities.
Beverage segment projected to be the largest-growing during the forecast period
The beverage segment is projected to be the largest-growing in the rigid plastic packaging market on the basis of end-use industry, and this trend is projected to continue during the forecast period. The expectations of quality, hygienic products, and growth in health awareness are driving the rigid plastic packaging market in the beverage sector.
PE is projected to be the largest-growing segment during the forecast period
Rigid plastic packaging market, on the basis of material, has been classified into PE, PET, PP, PS, PVC, EPS, and bioplastics. The PE segment accounted for the largest share in 2015 due to its numerous benefits such as ease of processing, barrier to moisture, strength/toughness, flexibility, and ease of sealing.
Asia-Pacific projected to account for the largest share in the rigid plastic packaging market by 2021
Asia-Pacific, with emerging economies such as China and India, is expected to drive the rigid plastic packaging market. China is projected to account for the largest market share and dominate the Asia-Pacific rigid plastic packaging market by 2021. The growth in healthcare, food, and beverage industries is expected to drive the demand for rigid plastic packaging in China. In addition to this, the country’s large consumer base, overall positive economic environment, and increase in manufacturing activities is expected to drive the demand in the rigid plastic packaging industry.
The major players include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Berry Plastics Corporation (U.S.), RPC Group Plc (U.K.), and Reynolds Holdings Group (New Zealand). Companies have adopted strategies such as mergers & acquisitions to cope with the increase in demand in the emerging markets.
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.