Forecast the Global Rigid Plastic Packaging Market to Grow at a CAGR of 5.99% by Revenue During the Period 2016-2020
About Rigid Plastic Packaging
Rigid plastics are a grade of highly toughened plastics that are used for a variety of applications for the purpose of packaging of bulk and unit materials.
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They are non-corrosive, light, cheap, and easily moldable, which makes them a perfect choice for packaging. Processes such as extrusion molding, injection molding, and blow molding are used to produce different rigid plastic packaging products. The major end-users of rigid plastic packaging products are the food and beverage, healthcare, and consumer packaged goods sectors. Rigid plastic packaging has certain inherent properties that makes it ideal for packaging products. They are sturdy, durable, easy to transport, and are not brittle like glass. Their cost per unit of production is low and they have a wide variety of applications. Plastic packaging even aids companies in marketing and advertising campaigns by allowing innovative and attractive designs. The popularity of biodegradable rigid plastic packaging is fueling the market growth. With stringent environmental compliance regulations worldwide, vendors are more likely to use biodegradable plastics as substitutes.
Technavios analysts forecast the global rigid plastic packaging market to grow at a CAGR of 5.99% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global rigid plastic packaging market for the forecast period 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of plastic containers, bottles, and other plastic packs of different types, to industries such as the food and beverage, pharmaceutical, chemical, and other industries.
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The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW
Technavio's report, Global Rigid Plastic Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
ALPLA Werke
Amcor
Bemis
Berry Plastics
Silgan Holdings
RPC
Other prominent vendors
Coveris
DS Smith
Graham Packaging
Greiner Packaging International
Linpac Group
Plastipak
Printpack
Resilux
Pactiv
Rexam
Serioplast
Winpak
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