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Rigid Plastic Packaging Market by Component and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 141
  • SKU: IRTNTR43653
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The rigid plastic packaging market share is expected to increase by USD 75.47 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.5%.

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 rigid plastic packaging market segmentation by component (bottles, containers, caps and closures, and others) and geography (APAC, Europe, North America, Middle East and Africa, and South America). The rigid plastic packaging market report also offers information on several market vendors, including Albea Services SAS, ALPLA Werke Alwin Lehner, Altium Packaging LLC, Amcor Plc, Ball Corp., Berry Global Inc., CKS Packaging Inc., Crown Holdings Inc., DS Smith Plc, Graham Packaging Co., Hitech Corp. Ltd., Jabil Inc., KP Holding GmbH and Co. KG, Lacerta Group Inc., Nampak Ltd, Pactiv LLC, Plastipak Holdings Inc., Sealed Air Corp., Silgan Holdings Inc., and Sonoco Products Co. among others.

What will the Rigid Plastic Packaging Market Size be During the Forecast Period?

Rigid Plastic Packaging Market Size

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Rigid Plastic Packaging Market: Key Drivers, Trends, and Challenges

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 the high cost of recycling rigid plastic products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the rigid plastic packaging industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Rigid Plastic Packaging Market Driver

  • The rising demand for rigid plastic packaging from the food and beverage industry is one of the factors driving the rigid plastic packaging market growth.
  • Food is a perishable product due to which 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.
  • The increase in food spoilage encourages various vendors to offer rigid plastic packaging to enterprises in the food and beverage industry. For instance, Sonoco Products Company offers hinged and lidded containers, such as salad containers, for food products to keep them fresh, natural, and healthy. This, in turn, is expected to drive market growth during the forecast period.

Key Rigid Plastic Packaging Market Trend

  • The use of fiber-based material for packaging is one of the key rigid plastic packaging market trends fueling the market growth.
  • Fiber-based materials are one of the most suitable forms of sustainable packaging material. They are reusable, renewable, or biodegradable materials and can be used in packaging products.
  • Fiber-based materials are widely accepted among consumers in the food and beverage, chemical, and construction industries. Hence, some enterprises are offering packaging products such as Multivac Inc., a German packaging solution provider, which offers paper fiber-based materials to packaging manufacturers.
  • The product from paper fiber-based materials can be recycled easily, and it enables enterprises to comply with the regulations of various countries. Such features may fuel the market growth during the forecast period.

Key Rigid Plastic Packaging Market Challenge

  • The high cost of recycling rigid plastic products is one of the key factors challenging the rigid plastic packaging market growth.
  • Recycling of various rigid plastic products such as plastic containers, requires high capital, owing to the presence of various costs such as procurement cost, energy expenditure, and value of scrap.
  • The recycling of rigid plastic products such as bottles involves various steps such as a collection of the package after use, paying the scrap amount to the customer, transporting it to the recycling unit, cleaning, and crushing.
  • As the cleaning of used plastic requires a large amount of water and further recycling processes such as crushing and melting require energy and workforce involvement. Moreover, recycling rigid plastic products is costlier than manufacturing them. Thus, high costs associated with manufacturing rigid plastic products will challenge the market growth during the forecast period.

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. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global rigid plastic packaging market as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the rigid plastic packaging market during the forecast period.

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:

 

  • Albea Services SAS
  • ALPLA Werke Alwin Lehner
  • Altium Packaging LLC
  • Amcor Plc
  • Ball Corp.
  • Berry Global Inc.
  • CKS Packaging Inc.
  • Crown Holdings Inc.
  • DS Smith Plc
  • Graham Packaging Co.
  • Hitech Corp. Ltd.
  • Jabil Inc.
  • KP Holding GmbH and Co. KG
  • Lacerta Group Inc.
  • Nampak Ltd
  • Pactiv LLC
  • Plastipak Holdings Inc.
  • Sealed Air Corp.
  • Silgan Holdings Inc.
  • Sonoco Products Co.

 

This statistical study of the rigid plastic packaging market encompasses successful business strategies deployed by the key vendors. The rigid plastic packaging market is fragmented and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.

Product Insights and News

  • Albea-group.com - The company offers rigid plastic packaging products such as lipstick shells, mascara bottles and brushes, and skincare jars and bottles.
  • Alpla.com - The company offers rigid plastic packaging products for beverages, food and beauty care.
  • Amcor.com - The company offers rigid plastic packaging products under the subsidiary Amcor Rigid Packaging.

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.

The rigid plastic packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Rigid Plastic Packaging Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the rigid plastic packaging market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Rigid Plastic Packaging Market?

Rigid Plastic Packaging Market Share by Geography

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62% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the rigid plastic packaging market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increase in demand for household care products and food and beverages will facilitate the rigid plastic packaging market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic in 2020 negatively affected the growth of the market in focus in APAC. However, the easing of lockdowns and large-scale vaccination drives in different countries in APAC, and the emphasis on resuming the operations of other businesses in end-user industries, such as food processing, from Q3 2021 led to the gradual growth of the regional rigid plastic packaging market. This, in turn, will continue to propel the market growth during the forecast period.

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

Rigid Plastic Packaging Market Share

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The rigid plastic packaging market share growth by the bottles segment will be significant during the forecast period. Significantly, most of the 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. Moreover, the increase in demand for bottles made of rigid plastic is supported by the pharmaceutical and healthcare industry for packing sensitive fluid medication. Such factors are anticipated to fuel the segment growth during the forecast period.

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

 

Rigid Plastic Packaging Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.5%

Market growth 2022-2026

$ 75.47 billion

Market structure

Fragmented

YoY growth (%)

6.07

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 62%

Key consumer countries

US, China, India, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Albea Services SAS, ALPLA Werke Alwin Lehner, Altium Packaging LLC, Amcor Plc, Ball Corp., Berry Global Inc., CKS Packaging Inc., Crown Holdings Inc., DS Smith Plc, Graham Packaging Co., Hitech Corp. Ltd., Jabil Inc., KP Holding GmbH and Co. KG, Lacerta Group Inc., Nampak Ltd, Pactiv LLC, Plastipak Holdings Inc., Sealed Air Corp., Silgan Holdings Inc., 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period

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

  • CAGR of the market during the forecast period 2022-2026
  • 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 industry across APAC, Europe, North America, Middle East and Africa, 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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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Component

    • 5.1 Market segments
      • Exhibit 24: Chart on Component - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Component - Market share 2021-2026 (%)
    • 5.2 Comparison by Component
      • Exhibit 26: Chart on Comparison by Component
      • Exhibit 27: Data Table on Comparison by Component
    • 5.3 Bottles - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Bottles - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Bottles - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Bottles - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Bottles - Year-over-year growth 2021-2026 (%)
    • 5.4 Containers - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Containers - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Containers - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Containers - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Containers - Year-over-year growth 2021-2026 (%)
    • 5.5 Caps and closures - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Caps and closures - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on Caps and closures - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on Caps and closures - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Caps and closures - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Component
      • Exhibit 44: Market opportunity by Component ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 India - Market size and forecast 2021-2026
      • Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.12 France - Market size and forecast 2021-2026
      • Exhibit 86: Chart on France - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 87: Data Table on France - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 88: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 Albea Services SAS
              • Exhibit 97: Albea Services SAS - Overview
              • Exhibit 98: Albea Services SAS - Product / Service
              • Exhibit 99: Albea Services SAS - Key offerings
            • 10.4 ALPLA Werke Alwin Lehner
              • Exhibit 100: ALPLA Werke Alwin Lehner - Overview
              • Exhibit 101: ALPLA Werke Alwin Lehner - Product / Service
              • Exhibit 102: ALPLA Werke Alwin Lehner - Key offerings
            • 10.5 Amcor Plc
              • Exhibit 103: Amcor Plc - Overview
              • Exhibit 104: Amcor Plc - Business segments
              • Exhibit 105: Amcor Plc - Key news
              • Exhibit 106: Amcor Plc - Key offerings
              • Exhibit 107: Amcor Plc - Segment focus
            • 10.6 Ball Corp.
              • Exhibit 108: Ball Corp. - Overview
              • Exhibit 109: Ball Corp. - Business segments
              • Exhibit 110: Ball Corp. - Key news
              • Exhibit 111: Ball Corp. - Key offerings
              • Exhibit 112: Ball Corp. - Segment focus
            • 10.7 Berry Global Inc.
              • Exhibit 113: Berry Global Inc. - Overview
              • Exhibit 114: Berry Global Inc. - Business segments
              • Exhibit 115: Berry Global Inc. - Key news
              • Exhibit 116: Berry Global Inc. - Key offerings
              • Exhibit 117: Berry Global Inc. - Segment focus
            • 10.8 Crown Holdings Inc.
              • Exhibit 118: Crown Holdings Inc. - Overview
              • Exhibit 119: Crown Holdings Inc. - Business segments
              • Exhibit 120: Crown Holdings Inc. - Key offerings
              • Exhibit 121: Crown Holdings Inc. - Segment focus
            • 10.9 DS Smith Plc
              • Exhibit 122: DS Smith Plc - Overview
              • Exhibit 123: DS Smith Plc - Business segments
              • Exhibit 124: DS Smith Plc - Key offerings
              • Exhibit 125: DS Smith Plc - Segment focus
            • 10.10 KP Holding GmbH and Co. KG
              • Exhibit 126: KP Holding GmbH and Co. KG - Overview
              • Exhibit 127: KP Holding GmbH and Co. KG - Product / Service
              • Exhibit 128: KP Holding GmbH and Co. KG - Key offerings
            • 10.11 Silgan Holdings Inc.
              • Exhibit 129: Silgan Holdings Inc. - Overview
              • Exhibit 130: Silgan Holdings Inc. - Business segments
              • Exhibit 131: Silgan Holdings Inc. - Key offerings
              • Exhibit 132: Silgan Holdings Inc. - Segment focus
            • 10.12 Sonoco Products Co.
              • Exhibit 133: Sonoco Products Co. - Overview
              • Exhibit 134: Sonoco Products Co. - Business segments
              • Exhibit 135: Sonoco Products Co. - Key offerings
              • Exhibit 136: Sonoco Products Co. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 137: Inclusions checklist
                • Exhibit 138: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 139: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 140: Research methodology
                • Exhibit 141: Validation techniques employed for market sizing
                • Exhibit 142: Information sources
              • 11.5 List of abbreviations
                • Exhibit 143: List of abbreviations

              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
              Technavio

              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
              Technavio

              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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              Rigid Plastic Packaging Market market growth will increase by $75.47 bn during 2022-2026.
              The rigid plastic packaging market market is expected to grow at a CAGR of 6.5% during 2022-2026.
              Technavio has segmented the rigid plastic packaging market market by component (Bottles, Containers, Caps and closures, and Others) ,geography (APAC, Europe, North America, Middle East and Africa, and South America) , and geographic (APAC, Europe, North America, MEA, and South America).
              Albea Services SAS, ALPLA Werke Alwin Lehner, Altium Packaging LLC, Amcor Plc, Ball Corp., Berry Global Inc., CKS Packaging Inc., Crown Holdings Inc., DS Smith Plc, Graham Packaging Co., Hitech Corp. Ltd., Jabil Inc., KP Holding GmbH and Co. KG, Lacerta Group Inc., Nampak Ltd, Pactiv LLC, Plastipak Holdings Inc., Sealed Air Corp., Silgan Holdings Inc., Sonoco Products Co. are a few of the key vendors in the rigid plastic packaging market market.
              APAC will register the highest growth rate of 62% among the other regions. Therefore, the rigid plastic packaging market 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 market growth are:
              • Rising demand for rigid plastic packaging from food and beverage industry
              • Use of fiber-based material for packaging
              The rigid plastic packaging market market vendors should focus on grabbing business opportunities from the bottles segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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