Rigid Plastic Packaging Market by Component and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR43653
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The rigid plastic packaging market has the potential to grow by USD 63.73 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.89%.

This rigid plastic packaging market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by component (bottles, containers, caps and closures, and others) and geography (APAC, Europe, North America, MEA, and South America). The rigid plastic packaging market report also offers information on several market vendors, including ALPLA Werke Alwin Lehner GmbH & Co KG, Amcor Plc, Ardagh Group SA, Ball Corp., Berry Global Group Inc., Crown Holdings Inc., KP Holding GmbH & Co. KG, and Sonoco Products Co. among others.

What will the Rigid Plastic Packaging Market Size be in 2021?

Rigid-Plastic-Packaging-Market-Market-Size-2020-2025

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Rigid Plastic Packaging Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The rising demand for rigid plastic packaging from the food and beverage industry is notably driving the rigid plastic packaging market growth, although factors such as high cost for recycling rigid plastic products may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the rigid plastic packaging market industry get your FREE report sample now.

  • Rising demand for rigid plastic packaging from food and beverage industry is a key driver augmenting the rigid plastic packaging market growth.
  • As food is a perishable product, its contamination during storage is a major concern of the food industry. The nutrients present in food are affected by factors such as temperature and moisture.
  • The food industry loses more than $14 billion every year due to food spoilage at the retail end. This can be prevented to a certain extent by using appropriate packaging material, which will also extend the shelf life of the food product.
  • Sonoco Products Company offers hinged and lidded containers such as salad containers for food products to keep them fresh, natural, and healthy. These containers help in maintaining the quality and freshness of food for a longer period of time. 

 

 

  • Growing consumption of packaged beverage is another key driver boosting the rigid plastic packaging market growth.
  • The growing urbanization should positively influence the demand for packaged beverages during the forecast period.
  • Changing consumer lifestyles is increasing the demand for on-the-go beverage products. 
  • The increasing demand for packaged beverages in emerging economies such as Brazil, China, India, South Africa, and Vietnam, backed by the rise in disposable incomes of consumers, is supporting the growth of the global blow molded plastics bottles market.
  • The consumption of bottled water is growing in the US, China, India, and various other developed and developing countries. This will further boost the market during 2021-2025.

This rigid plastic packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Rigid Plastic Packaging Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ALPLA Werke Alwin Lehner GmbH & Co KG
  • Amcor Plc
  • Ardagh Group SA
  • Ball Corp.
  • Berry Global Group Inc.
  • Crown Holdings Inc.
  • KP Holding GmbH & Co. KG
  • Sonoco Products Co.

 

The rigid plastic packaging market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the rigid plastic packaging market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Rigid Plastic Packaging Market?

Rigid-Plastic-Packaging-Market-Market-Share-by-Region-2020-2025

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57% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for rigid plastic packaging market in APAC. Market growth in this region will be faster than the growth of the market in regions such as Europe and North America. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Component Segments in the Rigid Plastic Packaging Market?

Rigid-Plastic-Packaging-Market-Market-Share-by-Component-2020-2025

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The rigid plastic packaging market share growth by the bottles segment will be significant during the forecast period. Most of these bottles are made from polyethylene terephthalate (PET), though other materials such as high-density polyethylene (HDPE), polypropylene plastic (PP), and medium-density polyethylene (MDPE) are also used. They can be molded into a variety of shapes and dimensions to pack anything, ranging from cream to insecticides. They are used to pack many products such as water, juices, pharmaceutical products, food products, cosmetics, carbonated soft drinks, and personal care products. The market is expected to grow due to the boom in the retail industry and the growing demand for beverages and household care products.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the rigid plastic packaging market size.

 

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What are the Key Factors Covered in this Rigid Plastic Packaging Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive rigid plastic packaging market growth during the next five years
  • Precise estimation of the rigid plastic packaging market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the rigid plastic packaging market industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of rigid plastic packaging market vendors

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Rigid Plastic Packaging Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.89%

Market growth 2021-2025

$ 63.73 billion

Market structure

Fragmented

YoY growth (%)

5.47

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 57%

Key consumer countries

US, China, Germany, India, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Product/Service Segments, Key Offering, Key Customers, Segment Focus, ALPLA Werke Alwin Lehner GmbH & Co KG, Amcor Plc, Ardagh Group SA, Ball Corp., Berry Global Group Inc., Crown Holdings Inc., KP Holding GmbH & Co. KG, and Sonoco Products Co.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The rigid plastic packaging market growth will increase by $53.71 billion during 2019-2024.
The rigid plastic packaging market is expected to grow at a CAGR of 4.20% during 2019-2024.
Technavio has segmented the rigid plastic packaging market by component (Bottles, Containers, Caps and closures, and Others) and geographic (APAC, Europe, North America, MEA, and South America).
Amcor Plc, Ardagh Group SA, Ball Corp., Berry Global Group Inc., Crown Holdings Inc., Dow Inc., DS Smith Plc, Reynolds Group Holdings Ltd., Silgan Holdings Inc., Sonoco Products Co. are a few of the key vendors in the rigid plastic packaging market.
APAC will register the highest growth rate of 44.96% among the other regions. Therefore, the rigid plastic packaging market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the rigid plastic packaging market growth are:
  • Rising demand for rigid plastic packaging from food and beverage industry
The rigid plastic packaging market vendors should focus on grabbing business opportunities from the bottles segment as it accounted for the largest market share in the base year.
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