The market is driven by factors like the increasing innovation in rigid packaging and the surging consumption rate of processed foods & beverages. Add to this, the high disposable income of individuals across developing nations is slated to further accelerate the rigid plastic packaging market.

Segmentation

The global rigid plastic packaging market segmentation is based in terms of material, manufacturing, product, and application.

By manufacturing process, the market comprises injection molding, extrusion, and others. The injection molding segment is the highest share holder of the market as it is the most commonly used process of manufacturing for the fabrication of plastic parts. It is primarily preferred due to the low production waste it generates and the faster-rate of production it offers.

By product, the market breaks down into tubs, bottles & jars, cups, trays, and others. The bottles & jars leads this market category with the share percentage. As bottles are used for the purpose of packaging various important products like food products, juices, water, carbonated soft drinks, and others it garners massive demand. Additionally, factors like increasing urbanization, the expanding population base, and a booming demand for beverages and various household care products are also key drivers of the bottles and jars segment.

Regional Analysis

The global rigid plastic packaging market is regionally segmented into the following geographies: North America, Asia Pacific, Europe, and the Rest of the World (RoW).

The Asia Pacific region holds the dominant share percentage in the global rigid plastic packaging market. The region is anticipated to grow at the fastest pace during the forecast period primarily due to the presence of India, Japan, and China.

North America stands second in the global rigid plastic packaging market standings and is expected grow at a consistent pace in the coming years. Elsewhere, the Latin America and the Middle East & Africa regions under the Rest of the World (RoW) segment are also expected to experience high growth rate during the forecast period.

Competitive Landscape

The global rigid plastic packaging market includes several key players, including Berry Plastics Corporation (U.S.), Sealed Air Corporation (U.S.), Amcor Limited (Australia), Reynolds Group Holdings (New Zealand), RPC Group Plc (U.K.)

Read More :

https://www.articletrunk.com/sterilized-packaging-market-covid-19-i...

https://www.articletrunk.com/biodegradable-mulch-films-market-covid...

https://www.articletrunk.com/insulated-packaging-market-covid-19-im...