Global Rigid Plastic Packaging Market – Use of Bioplastics to Boost Growth | Technavio

January 17, 2018

LONDON–(BUSINESS WIRE)–#Research–The global
rigid plastic packaging market is expected to grow at a
CAGR of close to 6% from 2018-2022, according to a new market research
report by Technavio.

Global rigid plastic packaging market segmentation by type and
geography

Technavio’s report on the global rigid plastic packaging market analyses
the business dimensions and presents a comprehensive breakdown in terms
of market segmentation by type which includes bottles, containers, and
caps and closures. As projected in 2017, over 45% of the market share
originated from the bottles segment. The changing consumption patterns,
rising per capita income and increasing population are driving the
demand for plastic bottles.

Based on geography, the global
rigid plastic packaging market has been segmented into the
Americas, APAC, and EMEA. As of 2017, close to 35% of the market share
originated from APAC.

“In APAC, the market share is growing due to innovation and the
increase in population. Countries with the highest population and
growing GDP such as China, India, Japan, and Australia are contributing
to the growth of the rigid plastic packaging market” says senior
analyst at Technavio for packaging
research.

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Rigid plastic packaging market: competitive landscape

The global rigid plastic packaging market is fragmented with the
presence of many large companies such as Amcor, ALPLA Werke, Bemis,
Berry Global, RPC, and Silgan Holdings. The competitive environment is
expected to intensify over the forecast period owing to the
implementation of M&As. Major end-users of the market are distributed
across verticals such as food and beverage, pharmaceuticals, homecare,
and healthcare.

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Other topics covered in the report:

Market drivers:

Rising use of bioplastics in rigid plastic
Increasing demand for plastic containers

Market trends:

Increasing demand for bio-degradable products
Innovation and technology in packaging

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rigid plastic packaging market report free of cost

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