RIGID PLASTIC PACKAGING MARKET ANALYSIS

Name: Rigid Plastic Packaging Market Size and Trends
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy
Keywords: Rigid Plastic Packaging Market, Rigid Plastic Packaging Market Report, Rigid Plastic Packaging Industry Report, Rigid Plastic Packaging Market Size, Rigid Plastic Packaging Market Share, Rigid Plastic Packaging Market Analysis, Rigid Plastic Packaging Market Growth, Rigid Plastic Packaging Market Trends, Rigid Plastic Packaging Market Overview, Rigid Plastic Packaging Market Forecast

Rigid Plastic Packaging Market Report, by Material Type (Polyethylene(PE), Polyethylene Terephthalate(PET), Polystyrene(PS), Polypropylene(PP), Polyvinyl Chloride(PVC), Bio Plastics and Others), by Product Type (Bottles & Jars, Containers, Trays, Caps & Closures, Tubs, Cups & pots, and Others), by End-use Industry (Food & Beverage, Healthcare, Personal Care & Cosmetics, Industrial, Consumer Goods, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018-2026

Published In : Apr 2019
Code : CMI2581
Pages :210
Formats :
Excel and PDF
Industry : Packaging

Rigid Plastic Packaging MarketSize and Trends

Global Rigid Plastic Packaging Market – Insights

The market is projected to reach US$ 300 billion by the end of 2027, at a CAGR of 5.9% over the forecast period. This growth is attributed to growing end-use industries such as food & beverage, healthcare, personal care & cosmetics, and others. Rigid plastic packaging products offer various advantages such as durability, cost effectiveness, recycling properties, and can be molded into different shapes. These factors are expected to drive growth of the rigid plastic packaging market over the forecast period.

Materials used in rigid plastic packaging products are polyethylene (PE), polyethylene terephthalate (PET), polystyrene (PS), polypropylene (PP), polyvinyl chloride (PVC), bio plastics and others. Other materials used are polyamide, polycarbonate (PC) and polylactic acid (PLA). Polyethylene terephthalate (PET) segment is expected to grow at a faster pace during the forecast period. PET material is light weight in nature and offers various advantages such as durability, clear & shiny surface, high pressure resistance, high stability, and good barrier properties. These properties make PET the most widely used material in the rigid plastic packaging industry.

The global rigid plastic packaging market was valued at US$ 179 billion in 2018, and is expected to register a CAGR of 5.9% in terms of revenue over the forecast period (2019 – 2027).

Among end-use industry, food & beverage held a significant market share of 63% in the global rigid plastic packaging market in 2018. Changing lifestyle patterns and increasing preference for packaged food products is driving growth of the rigid plastic packaging market.

Source: Coherent Market Insights, 2018-19

Figure 1. Global Rigid Plastic Packaging Market Share (%), By Region, 2018