Plastic Rigid IBC Market by Type (Amorphous, and Crystalline), and by Region - Global Forecast 2023

Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Rigid Plastic Packaging Market Information from 2017 to 2023"

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Rigid plastic packaging is used where goods should be tightly held together and secured for transportation. Such packaging is used for consumer products and in industrial applications, to protect, market, and distribute a variety of products. The market is driven by various factors such as increased consumption of processed foods & beverages, and innovation in rigid packaging. The higher disposable income in these developing countries increases the purchasing power. Hence, consumer dependence on processed, pre-cooked and packed foods, here, will increase. As a result rigid plastic packaging market has been impacted, positively. However, rigid plastic packaging market has various restraints that hinder the market growth such as fluctuating raw material prices and Recycling and environmental concerns.

On the basis of application, the market has been segmented as Food & Beverages, Healthcare, Personal Care, Industrial Packaging and Others. Food & beverages dominates the application segment of the market and is expected to be the fastest growing application segment. Increasing population along with growing demand for food and beverages, drives the growth of the market. On the basis of product, the market has been segmented as bottles & jars, trays, tubs, cups and others. Bottles & jars dominates the product segments of the market. Bottles are used to package many products, such as juices, water, carbonated soft drinks, food products, and others. Factors such as an expanding global population, increasing urbanization, and an increased demand for beverages and household care products, drive the demand of bottles and jars.

Global rigid plastic packaging market is projected to grow at a CAGR of 5.6%, during the forecast period.

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Asia Pacific region dominates the Global Rigid Plastic Packaging Market

On the basis of regions, global rigid plastic packaging market has been segmented as North America, Europe, Asia Pacific and Rest of the World (RoW). Asia Pacific dominates the global rigid plastic packaging market, followed by North America. It is expected to be the fastest growing region for the market. It comprises countries such as China, India, and Japan, which lead in the export of goods to various parts of the world. Growing industrialization and urbanization in developing countries such as China and India, provides a boost to the market. Additionally, the availability of raw materials and low labor cost, together form a positive influence on the market growth. China accounts for the largest share of the rigid plastic packaging market in the Asia Pacific region.

North America is second largest region for the market. Increased consumption of beverages, fuels the growth of the market. Latin America and Middle-East & Africa regions are also expected to witness high growth over the forecast period due to rising demand from the manufacturing and e-commerce sector. European region is expected to contribute significantly during the forecast period.

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The prominent players in the Rigid plastic packaging market include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), RPC Group Plc (U.K.), Sealed Air Corporation (U.S.), ALPLA Werke Alwin Lehner GmbH & Co KG (Austria), Berry Plastics Corporation (U.S.), Coveris Holdings S.A. (Luxembourg), Reynolds Group Holdings (New Zealand), Plastipak Holdings, Inc. (U.S.), Silgan Holdings, Inc. (U.S.), Linpac Packaging Limited (U.K.), and Consolidated Container Company (U.S.).

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global construction lift market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

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