Rigid Plastic Packaging Market Synopsis:
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. Growing e-commerce sector, boosted by the increasing internet penetration, across the globe drives the growth of the market. Plastic packaging market expansion will continue to profit from the drive to replace traditional materials such as glass and metal, with lighter-weight, cost-effective and higher performance plastic materials in various markets. However, advancements of alternative technologies, and concerns regarding the environment and recycling, may hamper the growth of the market.
Rigid plastic packaging market is projected to grow at CAGR of 5.6% during the forecast period 2018-2023.
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Market Research Analysis
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. However, rigid plastic packaging market has various restraints that hinder the market growth such as fluctuating raw material prices and Recycling and environmental concerns.
Global rigid plastic packaging market has been segmented based on materials, applications and regions. On the basis of materials, the market has been segmented as Bio plastics, Polyethylene Terephthalate (PET), Polyethylene (PE), Polyvinyl Chloride (PVC) and others. Polyethylene dominates the material segment of the market and is expected to be the fastest growing material segment. Majority of the end users use LDPE for rigid plastic packaging. It has numerous benefits such as ease of processing, barrier to moisture, strength/toughness, flexibility, and ease of sealing. PVC is a dense material. It is considered a common material in India, when clarity is an important selection criterion, particularly for consumer packaging. On the basis of manufacturing process, the market has been segmented as Extrusion, Injection Molding, and others. Injection molding processes dominates the market, by segments. Injection molding is the most commonly used manufacturing process for the fabrication of plastic parts. It is used mainly due to factors such as faster production process, and low production waste. Extrusion is also another major manufacturing process.
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.
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.
Leading Players
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.)
- Consolidated Container Company (U.S.)
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Scope of Report
The report for Global Rigid Plastic Packaging Market of Market Research Future comprises extensive primary research findings along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight into the market and industry performance. The report gives a clear picture of current market scenario, which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Bargaining Power of Suppliers
3.1.4 Threat of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued……
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