Rigid Plastic Packaging Market Size 2021 Analysis By Top Companies, And Forecast To 2026

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Rigid plastic packaging as the name proposes alludes to a sort of packaging method that includes the utilization of plastic material. Rigid plastic material can be characterized as the material that displays no versatile distortion and wonderful plastic twisting and it has a generally unyielding shape or structure. Rigid plastic packaging contains cups, bottles, terminations, pots, and jars. Benefits presented by Rigid plastic packaging are sturdiness, cost, life span, assimilation of flavors, and lightweight. It is overwhelmingly utilized in a wide scope of utilizations in various enterprises like food and drinks, drugs, individual consideration, and some more.

ChemIntel360’s global Rigid Plastic Packaging market study is a 170+ slide report containing in depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, applications, and end-use industry perspective. Despite the adverse effects of the COVID-19 pandemic, the industry is expected to grow strongly and grow at a CAGR of 5.4% over 2021-2026. The leading factor driving ...
... growth is the chemical’s extensive use in food packaging application, the demand for which has witnessed robust growth in light of increasing safety requirements.

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Rigid packaging better safeguards its substance. Rigid plastic packaging is characterized by its purposes in items, for example, water and soft drink bottles, which are produced using polyethylene terephthalate (PET), the most generally utilized sap, and less significantly in containers, clamshells, tubs, and plate. The utilization of polypropylene (PP) gum in plastic packaging is growing more quickly than different plastics, like PET and PE (polyethylene).

Scope

This study contains global and regional market size data. The numbers are broken down by application (Food and Beverages, Personal Care, Pharmaceuticals, and Others), and by end-use industry (Bottles and Jars, Trays, Rigid Bulk Products, Tubs, Cups and Pots, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.

Market Overview

The global Rigid Plastic Packaging market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, increased marginally to US$189.97 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.

On the basis of Geography, the Global Rigid Plastic Packaging Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia-Pacific holds the largest market share.

Key Players

The “Global Rigid Plastic Packaging Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players are Amcor Limited, Bemis Company, Inc., Tray Pack Corporation, Consolidated Container Company, Lacerta Group, Inc., Coveris Holdings S.A., Plastipak Holdings, Inc., Alpla Wereke, Alwin Lehner GmbH & Co. Kg, RPC Group Plc, and Silgan Holdings, Inc.

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ChemIntel360, part of AgileIntel’s broader research offering, provides an integrated portfolio of quantitative and qualitative research reports on the chemicals sector. Our studies make use of credible market intelligence.

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