The “Rigid Plastic Packaging Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Rigid Plastic Packaging Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global rigid plastic packaging market size was US$ 195,070.0 million in 2021. The global rigid plastic packaging market size is forecast to reach US$ 291,619.9 million by 2030, growing at a compound annual growth rate (CAGR) of 5% during the forecast period from 2022 to 2030.
Request To Download Sample of This Strategic Report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol806
Rigid plastic material can define as the material that displays no elastic deformation and perfect plastic deformation, and it has a moderately inflexible shape or form. Cups, bottles, closures, pots, and cans are examples of rigid plastic packaging. Durability, cost, longevity, flavor absorption, and lightweight are advantages of rigid plastic packaging. A variety of industries use this packaging, including food and beverage, medicines, personal care, and many more. Polyethylene terephthalate (PET) is the resin commonly used in rigid plastic packaging products like water, soda bottles, jars, clamshells, tubs, and trays to a lesser extent.
Factors Influencing Market Growth
- Among the factors driving the global rigid plastic packaging market include the rising development of the food & beverage industry, which, in turn, boosts the need for bottles, jars, fruit juice containers, food package containers, and food bags.
- The increasing demand for cycle wheels, containers, and electronics switches is fueling the global industry growth.
- Strict government regulations toward the use of plastic and instability in raw material prices may slow down the overall rigid plastic packaging market growth.
- The growth in e-commerce sales is forecast to offer lucrative opportunities for the global market during the forecast period.
Impact Analysis of COVID-19
The COVID-19 pandemic had a minimal impact on the global market growth. Several governments worldwide imposed a lockdown in order to curb the spread of the COVID-19 virus. As a result, production facilities that do not fall under vital commodities had to shut down in part or entirely. In most industrial units worldwide, this has resulted in the closure or suspension of their manufacturing activity. This has caused rigid plastic packaging companies to suffer revenue losses. However, rigid plastic packaging firms’ revenues increased due to the demand for sanitizing containers, frozen foods, medical, and vaccination containers.
Regional Insights
The Asia Pacific region is forecast to have lucrative growth in the market during the forecast period. As a result of the rising demand for plastic products and components. In addition, the growing demand for soft drinks drives the regional market growth. Factors including the rising disposable income, a surge in consumer expenditure, and increasing population will boost the demand for consumer goods, leading to the growth of the rigid plastic packaging market in the Asia Pacific.
Get a Sample PDF copy of the report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol806
Leading Competitors
The leading prominent companies profiled in the global rigid plastic packaging market are:
- Alpla werke Alwin Lehner GmbH & Co KG
- Amcor Limited
- DS Smith Plc
- Berry Plastics Corporation
- Klöckner Pentaplast
- Plastipak Holdings, Inc.
- Pactiv Evergreen Inc
- Sealed Air Corporation
- Silgan Holdings, Inc.
- Sonoco Products Company
- Other Prominent Players
Scope of the Report
The global rigid plastic packaging market segmentation focuses on Material, End-Users, and Region.
Segmentation based on Material
- PET (Polyethylene terephthalate)
- PP (Polypropylene)
- High-density polyethylene (HDPE)
- Others
Segmentation based on End-Users
- Food and Beverage
- Personal Care
- Household
- Healthcare
- Others
Request Full Report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol806
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Key questions answered in the Shape Memory Alloy report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Shape Memory Alloy market over the forecast period?
- What are the factors driving and restraining the market for Shape Memory Alloy?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
Full Report Description, TOC, Table of Figure, Chart, etc.–https://reportocean.com/industry-verticals/sample-request?report_id=Pol806
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES Tel: +1 888 212 3539 (US – TOLL FREE)
Website:https://www.reportocean.com/