Rigid Plastic Packaging Market Growth Size Expected to Grow at Incredible CAGR through 2030 – Queen Anne and Mangolia News


The Market Statsville Group (GMS) publishes the new report on the Rigid Plastic Packaging Market by Material (PP, PET, HDPE and others)by EndUsers (Food and Beverage, Personal Care, Household, Health Care and Others)by region World share and forecast until 2030. Global Rigid Plastic Packaging Market Size is projected to grow from USD 192,070.0 Million in 2021 to USD 281,619.9 Million by 2030, at a CAGR of 4.9% during the forecast period. The consumer packaged goods industry has seen significant growth in the last quartercentury. CPG industry growth is primarily driven by developing markets due to growing consumer spending. The consumer goods sector includes a wide range of retail and wholesale products, such as food, clothing, luxury goods and electronics.. Instead of their hectic lifestyles, consumers are looking for easy-to-use and easy-to-carry packaging. Although the goods that consumers buy vary with economic conditions, the consumer packaged goods sector is expected to grow due to consumer spending. Consumer goods is a highly fragmented industry where product differentiation and packaging plays a key role; with the growth of the consumer goods sector, rigid packaging is also expected to grow.

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Segmentation of the global rigid plastic packaging market

The rigid plastic packaging market has been segmented into materials, endusers and region.

  • By material (PP, PET, HDPE and others)
  • By EndUsers (Food and Beverage, Personal Care, Household, Health Care and Others)
  • By region (United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, United Arab Emirates, South Africa, Qatar , Nigeria, Israel, Brazil, Argentina, Peru)

Food and drinks, at the endusers, it is estimated to hold the largest market share during the forecast period

At the endusers, the global rigid plastic packaging market is segmented intofood and beverage, personal care, household, healthcare and other. In 2021, Food and Beverage had the highest market revenue, with a market share of 55.8%. Demand for food packaging has increased globally, with some developed markets reaching a mature stage. In emerging countries, opportunities still exist for rigid plastic packaging in fresh produce and ready meals.

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In the food and beverage segment, packaging innovation plays a key role in gaining competitive advantage for retailers and product manufacturers looking to promote and differentiate their brands.. Rigid plastic packaging has gained importance in the food and beverage industry as it provides long shelf life to packaged foods. The food and beverage industry uses rigid packaging containers such as aerosol containers, blisters, cans, bottles and jars. Compared to other types of packaging, rigid plastic packaging containers offer unique advantages such as high barrier properties, rigidity and impact resistance, which has in recent times led to the expansion of the rigid plastic packaging market..

Asia-Pacific Accounts for Largest Market Share in Rigid Plastic Packaging Market 2021

On the basis of regions, the global rigid plastic packaging market has been segmented into North America, AsiaPacific, Europe, South America, Middle East and Africa. In 2021, Asia-Pacific accounted for the highest market share of 36.9% in the global rigid plastic packaging market and is expected to maintain its dominance throughout the forecast period. Emerging countries largely drive the global rigid packaging market in AsiaPacific, such as China, India, Vietnam, Australia, Indonesia and others. The consumption of rigid plastic packaging in several Asian countriesThe Pacific remained positive and solidly strong due to rising consumer disposable income, urbanization, and increased consumption of cosmetics and other fast-moving products.move consumer goods.

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In 2018, AsiaPacific has contributed more than 50% in the production of plastic, with the 29 % share. However, China banned the import of plastic for recycling would have a negative effect on the growth of the rigid plastic packaging market.. Moreover, the increase in eThe trade sector in the region is also one of the main reasons for the growth in AsiaPeaceful. Rising adoption of rigid plastic packaging in the food and beverage industry provides growth opportunities for the market in the future.

This research report comprises a study on development and marketing strategies as well as a study on product portfolios and winning strategies of leading companies operating in the Rigid Plastic Packaging market.. It also consists of leading companies such as Berry Plastics Corporation, DS Smith Plc, Amcor Limited, ALPLAWerke Alwin Lehner GmbH & Co KG, Klöckner Pentaplast, RPC Group Plc, Silgan Holdings, Inc..Plastipak Holdings, Inc..Reynolds Group Holdings and Sonoco Products Company. These market players have focused on acquisitions and expansion to gain greater market share in the rigid plastic packaging market.

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About Market Statsville Group

Statsville Group Market (GMS) is a business research and advisory platform of Statsville Consulting Private Limited, based in Oklahoma, USA.. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly meet all your needs.. MSG provides solutions across a wide range of industry verticals in market sizing, analytics and smart business insights. MSG has experienced research analysts who are able to dig deep and provide a variety of customizable data that helps you make decisions with clarity, confidence and impact.. Additionally, Market Statsville Group has already benefited over 1,000 businesses each year for their revenue planning.. It helped them overcome their disturbances/early-to-market innovations by providing them with research ahead of the curve.

MSG has a comprehensive repository of research reports on over 1,000 niche industries, 3,000 highpotential growth markets, 5,000 datasets and over 12,000 company profiles.

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