Rigid Plastic Packaging Market Europe, Industry Growth, Sales, Market Trends, Future Scope and Forecast To 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
Top Players
Some of the esteemed players in the global Rigid Plastic Packaging Market Europe, Size are
Sealed Air Corporation (U.S.)
RPC Group Plc (U.K.)
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.
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 worldwide Rigid Plastic Packaging Market Europe is mainly concentrated in the regions of North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW).
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.
North America is the second-best market for rigid plastic packaging, thanks to the high consumption of beverages like cold drinks, juices among others. Booming online sales also share the regional market positively, which is supplemented by the high disposable income of people 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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