Covid Impact Rigid Plastic Packaging Market is projected to reach a value of over USD 334.0 billion by 2027 at a CAGR of around 4.6%.
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Rigid Plastic Packaging Market: Summary
The Global Rigid Plastic Packaging Market is projected to reach a value of over USD 334.0 billion by 2027 at a CAGR of around 4.6%.
Rigid plastics packaging is a type of packaging technique that involves the usage of plastic material. The material which exhibits no elastic deformation and perfect plastic deformation is known as rigid plastic material. Rigid plastic packaging comprises of cups, closures, cans, pots, and many others. Durability, cost, longevity, absorption of flavors, and lightweight are some of the benefits offered by rigid plastic packaging. Moreover, high impact strength, high stiffness, and high barrier properties are some of the superior properties offered by rigid plastic packaging which has led to an increase in the global demand.
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Rigid Plastic Packaging Market: Drivers &restraint
Market Driver:
- Growing Demand for Processed and Convenience Food & Beverages
Rise in disposable income owing to growth in the economy especially in emerging countries such as China and India has expected to increase the demand for convenience and processed food & beverages. The increasing working population has attributed a higher demand for processed food in developing nation and higher consumption of convenience food. Furthermore, COVID-19 pandemic is another driving factor for changing the lifestyle of consumers towards consuming convenience foods because most nations are forced to restrict movement and lockdown their borders. Thus, growing demand for processed and convenience food & beverages has expected to drive the growth of rigid plastic packaging during the forecasted period.
Market Restraint:
- Stringent Government Regulation
Stringent regulation has been imposed by the various federal government to regulate food, drugs, and cosmetic packaging to preserve consumer safety and confidence. For instance, the Federal Food, Drug, and Cosmetic Act of 1938 aimed to protect consumers from unsafe deceptively labeled or packaged products. Moreover, various regulatory programs introduced by states and local jurisdictions to reduce the use and disposal of certain packaging material, and mandate minimum recycling requirement. For instance, the U.S. Food & Drug Administration’s (FDA), “Points to Consider for the Use of Recycled Plastics in Food Packaging: Chemistry Considerations”, which states the use of recycled polymers is permissible if it is of a type previously permitted for food-contact, has been kept free of contaminates during the recycling process, and the recycled material has been tested to establish suitable purity for reuse in food packaging. Thus, stringent regulations imposed by the federal government to regulate food, drugs, and cosmetic packaging has expected to hinder the growth of the market during the forecasted period.
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Rigid Plastic Packaging Market: Key Segments
- Segmentation based on Raw Material: Bioplastics, Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS), Polyvinyl Chloride (PVC), Expanded Polystyrene (EPS), and Others.
- Segmentation based on Type: Bottles & Jars, Trays, Rigid Bulk Products, Tubs, Cups, & Pots, and Others.
- Segmentation based on Production Process: Extrusion, Injection Molding, Blow Molding, Thermoforming, and Others.
- Segmentation based on end-use: Food & Beverages, Healthcare, Personal Care, Industrial Packaging, and Others.
- Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.
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Key Companies Covered
- Amcor plc (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- ALPLA
- Coveris
- Berry Global Inc.
- RPC Group Plc
- Reynolds
- Silgan Holdings Inc
- Altium Packaging
- PLASTIPAK HOLDINGS, INC.
- LINPAC Packaging
- Sonoco Products Company
- Klöckner Pentaplast
- 3M
- Alto
- ETIMEX PRIMARY PACKAGING
- Other Key Companies
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Table of Content
- INTRODUCTION
- Research Objectives
- Market Definition
- Research Scope
- Regional Coverage
- Research Timeline
- Assumptions
- Limitations
- RESEARCH DESIGN & SCOPE
- Introduction
- Primary Research
- Key Industry Expert Insight
- Secondary Research
- Vital Data from Secondary Sources
- Market Size Estimation
- Data Validation & Triangulation
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
- Introduction
- Drivers
- Increasing Consumption of Processed Food & Beverages
- Improvement in Recycle Rates for Packaging Globally
- Restraint
- Stringent Government Regulation
- Opportunities
- Rise in E-commerce Sales
- Challenges
- High Input Cost
- INDUSTRY TRENDS — PORTERS FIVE FORCES ANALYSIS
- Introduction
- Power of Buyers
- Power of Suppliers
- Intensity of Competition
- Challenges of Substitutes
- Challenges of New Entrants
- Macro-Economic Indicators
- GLOBAL RIGID PLASTIC PACKAGING MARKET BY RAW MATERIAL, Market Size in USD Million & Volume in Kiloton (2019–2027)
- Introduction
- Bioplastics
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Polystyrene (PS)
- Polyvinyl Chloride (PVC)
- Expanded Polystyrene (EPS)
- Others
- GLOBAL RIGID PLASTIC PACKAGING MARKET BY TYPE, Market Size in USD Million & Volume in Kiloton (2019–2027)
- Introduction
- Bottles & Jars
- Trays
- Rigid Bulk Products
- Tubs, Cups, & Pots
- Others
- GLOBAL RIGID PLASTIC PACKAGING MARKET BY PRODUCTION PROCESS, Market Size in USD Million & Volume in Kiloton (2019–2027)
- Introduction
- Extrusion
- Injection Molding
- Blow Molding
- Thermoforming
- Others
- GLOBAL RIGID PLASTIC PACKAGING MARKET BY END-USE, Market Size in USD Million & Volume in Kiloton (2019–2027)
- Introduction
- Food & Beverages
- Healthcare
- Personal Care
- Others
- GLOBAL RIGID PLASTIC PACKAGING MARKET BY REGION, Market Size in USD Million & Volume in Kiloton (2019–2027)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
- South America
- Brazil
- Argentina
- Rest of South America
- COMPETITIVE LANDSCAPE
- Introduction
- Market Ranking/Share Analysis of Key Companies
- Company Benchmarking
- COMPANY PROFILES
- Amcor plc
- Company Overview
- Financial Overview
- Products/Solutions/Services Offered
- Key Developments
- ALPLA
- Coveris
- Berry Global Inc.
- RPC Group Plc
- Reynolds
- Silgan Holdings Inc
- Altium Packaging
- PLASTIPAK HOLDINGS, INC.
- LINPAC Packaging
- Sonoco Products Company
- Klöckner Pentaplast
- 3M
- Alto
- ETIMEX PRIMARY PACKAGING
- Other Key Companies
- APPENDIX
- Key Industry Expert Insights
- Primary Discussion Guide
- Customization Options
About Forencis Research
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