The Market Statsville Group (GMS) publishes the new report on the “Rigid Plastic Packaging Market by Material (PP, PET, HDPE and others)by End–Users (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 quarter–century. 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, end–users and region.
- By material (PP, PET, HDPE and others)
- By End–Users (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 end–users, it is estimated to hold the largest market share during the forecast period
At the end–users, the global rigid plastic packaging market is segmented into— food 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, Asia–Pacific, 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 Asia–Pacific, such as China, India, Vietnam, Australia, Indonesia and others. The consumption of rigid plastic packaging in several Asian countries–The 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, Asia–Pacific 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 e–The trade sector in the region is also one of the main reasons for the growth in Asia–Peaceful. 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, ALPLA–Werke 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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