July 17, 2020

Rigid Plastic Packaging Market Europe Competitive Dynamics, Size, Segments and Global Outlook till forecast 2023

Summary

Global Rigid Plastic Packaging Market Europe Size information by Material (Bio plastics, Polyethylene Terephthalate (PET), Polyethylene (PE), Polyvinyl Chloride (PVC) and others), by Product (Bottles & jars, Trays, Tubs, Cups and others), by Manufacturing Process (Extrusion, Injection Molding, and others), by Application (Food & Beverages, Healthcare, Personal Care, Industrial Packaging and Others) and By Region Forecast To 2023

Rigid Plastic Packaging Market Europe Scope

But the non-biodegradable properties of rigid plastic packaging can leave a negative impact on the environment, which can slow down the growth rate of the Rigid Plastic Packaging Market Europe. Therefore, a number of manufacturers are now making use of natural raw materials instead of synthetic materials to manufacture rigid plastic packaging types. This trend is anticipated to help deal with the numerous environmental issues associated with rigid plastic packaging.

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Top Players

Amcor Limited (Australia)

Plastipak Holdings, Inc. (U.S.)

Coveris Holdings S.A. (Luxembourg)

Reynolds Group Holdings (New Zealand)

Bemis Company, Inc. (U.S.)

Berry Plastics Corporation (U.S.)

Linpac Packaging Limited (U.K.)

ALPLA Werke Alwin Lehner GmbH & Co KG (Austria)

Silgan Holdings, Inc. (U.S.), to mention a few.

Market Segmentation

The global Rigid Plastic Packaging Market Europe has been segmented with regard to material, manufacturing process, application and product.

The applications covered in the MRFR report are Healthcare, Food & Beverages, Industrial Packaging Personal Care and others. Food & beverages emerged as the leading segment in the market and has the potential to achieve the highest growth rate in the following years. Burgeoning worldwide population combined with the soaring demand for food and beverages induces market growth.

Considering the product segment, the market consists of trays, bottles & jars, cups, tubs, and others. Bottles & jars are the leading segment in the market as bottles help package numerous products like water, juices, food products, carbonated soft drinks, and others. The constantly growing population, rising urbanization, and the mounting demand for beverages as well as household care products is boosting the demand for bottles and jars in the market.

Regional Insight

The APAC market for rigid plastic packaging is leading, with North America being the second largest market. APAC has also been identified as the fastest growing regional market, with the prime countries like India, China and Japan contributing the most towards market growth. These countries are known for exporting goods to several parts of the world. Surging industrialization as well as urbanization in China and India gives a significant boost to the regional market. Moreover, easy availability of raw materials along with low labor cost helps with market growth in the region. China is the most lucrative market for rigid plastic packaging in the region.

MEA along with Latin America shows promise and can attain a strong growth rate during the review period, on account of the accelerated demand from the e-commerce and manufacturing sector.

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