IMARC Group, a leading market research company, has recently releases report titled “Rigid Plastic Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global rigid plastic packaging market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Rigid Plastic Packaging Market?
The global rigid plastic packaging market size reached US$ 229.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 309.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
What are Rigid Plastic Packaging?
Rigid plastic packaging represents the utilization of plastic materials, including polypropylene (PP), highly-density polyethylene (HDPE), polyethylene (PET), etc., for packaging new bottles and containers. It is sturdier, heavier, and stronger than flexible packaging. Consequently, rigid plastic packaging is extensively used for wrapping fragile food items that need enhanced protection. These products have recyclable plastic containers with open tops and separate closures, lids, or covers that are usually viewed as nestable food containers. In line with this, rigid plastic packaging offers various benefits, including low cost and longevity. Consequently, it finds wide-ranging applications in several industries, such as food and beverage (F&B), healthcare, agriculture, automotive, personal care, etc.
Request Free Sample Copy of This Report: https://www.imarcgroup.com/rigid-plastic-packaging-market/requestsample
What are the growth prospects and trends in the rigid plastic packaging industry?
The increasing utilization of packaged goods and the expanding e-commerce industry are primarily driving the rigid plastic packaging market. Furthermore, the widespread adoption of plastic packaging for the protection of medicines from contamination is also positively influencing the global market.
Apart from this, the growing consumer awareness towards biodegradable plastic packaging is acting as another significant growth-inducing factor. Moreover, the implementation of stringent regulations by government bodies across countries regarding product safety standards, the rising number of construction activities, and the inflating disposable income levels of individuals, are further catalyzing the market growth.
Besides this, the escalating demand for flexible packaging in the nutraceutical sector and extensive investments in R&D activities by leading manufacturers are augmenting the global market. Additionally, continuous technological advancements in the automotive industry are anticipated to fuel the rigid plastic packaging market over the forecasted period.
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/rigid-plastic-packaging-market
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
Breakup by Material:
Breakup by Production Process:
Breakup by End Use Industry:
Breakup by Region:
Who are the key players operating in the industry?
The report covers the major market players including:
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
Latest Market Research Report:
Pharmaceutical Glass Packaging Market: https://www.imarcgroup.com/pharmaceutical-glass-packaging-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA USA: +1-631-791-1145 | Asia: +91-120-433-0800 Email: sales@imarcgroup.com Follow us on Twitter: @imarcglobal LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
Tags:
Reportedtimes, Extended Distribution, iCN Internal Distribution, Research Newswire, English