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Rigid Plastic Packaging Market By Resin Type (Polyethylene, Polyethylene Terephthalate, Polypropylene, Polystyrene, Polyvinyl Chloride, Expanded Polystyrene), By End Use (Beverages, Food, Health Care, Personal Care, Industrial, Others)- Growth, Future Prospects And Competitive Analysis, 2017 - 2025

The global rigid plastic packaging market was valued at USD 195.56 billion in 2016. The rigid plastic packaging market is mainly driven by the growth in demand from end-use industries and the growing retail sector. The global rigid plastic packaging market has been segmented on the basis of resin type, type, end-use industry, and region.

Polyethylene accounted for approximately 30% of the global market's revenue share in 2016 and is expected to maintain its dominance throughout the forecast period of 2017 to 2025. However, polyethylene terephthalate is anticipated to be the fastest-growing segment, with a CAGR of around 7.0% during the forecast period of 2017 to 2025.

By type, in 2016, the bottles and jars segment accounted for the largest share of around 45% in the global market in terms of revenue. Tubs, cups, and pots are projected to exhibit the fastest growth during the forecast period owing to a growing demand for single-serve packs, their cost-effective nature, portion control, and environmentally friendly packaging.

In 2016, the beverage industry accounted for the largest share in terms of value. It is also projected to grow at a CAGR of 6.4% during the forecast period of 2017 to 2025. At the same time, food was the second largest end-use industry for the rigid plastic packaging market in 2016. Changes in eating habits and consumer preferences for packaged foods are driving the expansion of rigid plastic packaging in the food industry.

In 2016, the rigid plastic packaging market by region was dominated by Asia Pacific, which accounted for more than 35% of the market share. Asia-Pacific was followed by Europe and North America. In Asia Pacific, China will see the fastest growth during the forecast period. Factors such as rising disposable income, consumer spending, and an aging population will increase demand for consumer goods, bolstering the growth of the Asia Pacific rigid plastic packaging market.

Companies such as Amcor Limited (Australia), Bemis Company, Inc. (U.S.), RPC Group Plc (U.K.), Berry Plastics Corporation (U.S.), Alpla Werke, Alwin Lehner GmbH & Co. KG (Austria), Reynolds Group Holdings (New Zealand), Silgan Holdings, Inc. (U.S.), and Sealed Air (U.S.), among others, are present in the global rigid plastic packaging market.

The report titled "Global Rigid Plastic Packaging Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global rigid plastic packaging market along with the market size and estimates for the duration of 2017–2025. The said research study covers an in-depth analysis of multiple market segments based on resin type, type, end-use industry, and a cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

The report also includes profiles of the leading rigid plastic packaging manufacturers, as well as their product portfolios and key developments, to assist strategic decision-makers.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the rigid plastic packaging industry
  • Market drivers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015, 2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global rigid plastic packaging market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

For the purpose of this study, the global rigid plastic packaging market by resin type is categorized into:

  • Polyethylene
  • Polyethylene Terephthalate
  • Polypropylene
  • Polystyrene
  • Polyvinyl Chloride
  • Expanded Polystyrene
  • Others

In 2016, on the basis of resin type, the rigid plastic packaging market was dominated by the polyethylene segment. This segment is projected to witness a growth of over 5.0% between 2017 and 2025. Polyethylene terephthalate is the second-largest segment projected to grow at the fastest CAGR of approximately 7.5% during the forecast period. Polyethylene terephthalate finds its application in industries such as food packaging, pharmaceutical packaging, box making, and electronics. Properties such as high mechanical strength, better rigidity at lower wall thickness, better flexibility, and high puncture resistance make it useful in different industries. The polypropylene segment is also one of the major resin types, holding a significant share, mainly driven by increasing demand from the food and beverage packaging industries and pharmaceuticals.

For the purpose of this study, the global rigid plastic packaging market by end-use industry is categorized into:

  • Beverages
  • Food
  • Health Care
  • Personal Care
  • Industrial
  • Others

The beverage and food industries together account for approximately 50% of the rigid plastic packaging market. The beverage industry dominates the rigid plastic packaging end-use market. Rigid plastic packaging helps retain the quality and freshness of the product by sealing the contents within the container. Factors such as rising disposable income, changes in consumer lifestyles, product presentation and differentiation, and rising demand for beverage products such as packed bottled water and alcoholic beverages will increase the consumption of rigid plastic packaging.

Rigid plastic packaging is also used in the healthcare industry. The healthcare industry is the third largest end-use industry for rigid plastic packaging. The healthcare industry includes pharmaceuticals and medical products; rigid plastic packaging plays a vital role in protecting these products from light, moisture, contamination, physical damage, or anything that can affect the quality of the products. The "others" segment includes agricultural products, consumer products, and household products.

On the basis of geography, the global rigid plastic packaging market is segmented into the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • rest of Latin America
  • Middle East and Africa
  • Saudi Arabia
  • Africa
  • Rest of the Middle East and Africa

The global rigid plastic packaging market has been segmented geography-wise, and in this section, a detailed analysis of every country has been conducted. These regions include North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.

The global market for rigid plastic packaging is dominated by Asia-Pacific, which accounted for a share of around 38% of the total market, in terms of value, in 2016, followed by Europe and North America. However, as the rigid plastic packaging market in developed countries matures, markets in China and India are projected to grow at higher rates from 2017 to 2025. Asia Pacific is also projected to grow at the fastest CAGR between 2017 and 2025. Individuals' rising disposable income, rapid economic growth, and expanding end-use industries have all fueled demand for rigid plastic packaging products.

Frequently Asked Question:

The market for Rigid Plastic Packaging Market is expected to reach USD$ 195.56 Bn in 2025.

The Rigid Plastic Packaging Market is expected to see significant CAGR growth over the coming years, at 5.7%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Amcor Limited (Australia), Bemis Company, Inc. (U.S.), RPC Group Plc (U.K.), Berry Plastics Corporation (U.S.), Alpla Werke, Alwin Lehner GmbH & Co.are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Aug 2017
Category:  Packaging
Report ID:   58646
Report Format:   PDF
Pages:   120
Rating:    4.7 (60)
Delivery Time: 24 Hours to 48 Hours   
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