The global Rigid Plastic Packaging Market was valued at USD 209.43 Billion in 2020 and is projected to reach USD 462.68 Billion by 2025, at a CAGR of 5.90%.
Major Players in the market involves Amcor, Sealed Air, Greiner Packaging International, Amcor Rigid Plastics, Zhuhai Zhongfu Enterprise Co. Ltd., Graham Packaging Company Inc., Berry Plastics Corporation, Silgan Plastics Corp., Consolidated Container Co. LLC, RPC Group PLC, DS Smith, ALPLA Werke, and Linpac Group.
Nov 2020, Amcor’s premium Matrix paper-based and paraffin-free cheese packaging received a Silver award at the 2020 Packaging Innovation Awards sponsored by Dow. This innovation provides the right breathable barrier for soft cheese while removing paraffin and has transformed a non-recyclable packaging material into a cheese wrap that can be recycled in the paper stream.
Jan 2020, Sealed Air Corporation, the original inventor of BUBBLE WRAP, has launched a new version of BUBBLE WRAP brand packaging material that is made with at least 90 percent recycled content. The recycled content used to make the newest version of BUBBLE WRAP brand packaging is sourced from post-industrial materials that would otherwise end up in landfills. Aligned with its sustainability pledge, Sealed Air’s future product developments will also incorporate post-consumer recycled content.
Nov 2020, Sonoco Protective Solutions, announced the addition of two new paper-based packaging options for heavy and high-value products to its EnviroSense line of more sustainable packaging: the EnviroSense FiberMax Bulk Box and the EnviroSense FiberMax Master Roll package.
Nov2020, Berry Plastics Corporation, announced the expansion of our PET bottle and dispensing closure capacity in order to meet the ongoing demand for hand sanitizer, soap, and cleaning packaging. Capacity expansions include new 2 oz. and 8 oz. oval PET bottles and 410-finish flip-top dispensing closure. Due to the increased demand for these items, packaging components for these products were in short supply. Like many bottle and closure manufacturers, we worked hard to keep plants running throughout the pandemic to manufacture these essential products.
Based on product it has contains Bottles & jars, Rigid bulk products, Trays, Tubs, cups, & pots and others. Based on application it includes Food Beverage, Healthcare, Cosmetics & toiletries and Industrial. Based on region it divided into North America, Europe, ASPAC and row. The Rigid Plastic Packaging market in the U.S. is estimated at US$62 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$64.3 Billion by the year 2027 trailing a CAGR of 7.2% over the analysis period 2020 to 2027. The Asia Pacific market is projected to register the fastest growth over the forecast period, due to the dominance of the food and beverage industries in the region, especially in China, which accounts for the largest share of the rigid plastic packaging market in the Asia Pacific region.
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