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Advancements and Sustainability Trends in Rigid Plastic Packaging Market

Rigid plastic packaging market has revolutionized consumer industries by introducing cost-effective innovations and design enhancements, bolstering brand differentiation and sales. Widely used in producing various items such as jars, bottles, cosmetics, and pharmaceuticals, materials such as HDPE, PP, PET, and PVC offer durability, cost-efficiency, and easy availability.

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Advancements and Sustainability Trends in Rigid Plastic Packaging Market

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  1.   Rigid Plastic Packaging Market to Reach $ 342,772.5 Million, Globally, by 2032 at 4.6% CAGR: Allied Market Research NEWS PROVIDED BY Allied Market Research 08 Jan, 2024, 10:30 ET  Rise in global consumption of consumer goods, improved recycling rates for packaging, and low cost of rigid plastics drive the growth of the rigid plastic packaging market. PORTLAND, Ore., Jan. 8, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Rigid Plastic Packaging Market by Material (PET, PP, HDPE, and Others), Production Process (Extrusion, Injection Molding, Blow Molding, Thermoforming, and Others), and End-user Industry (Food & Beverage, Personal Care, Household, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2023- 2032." According to the report, the global rigid plastic packaging market was valued at $218,621.3 million in 2022, and is projected to reach $342,772.5 million by 2032, registering a CAGR of 4.6% from 2023 to 2032. 

  2.  Request PDF Sample Copy @ https://www.alliedmarketresearch.com/request- sample/6224 Prime determinants of growth The rigid plastic packaging market has revolutionized consumer industries by introducing cost-effective innovations and design enhancements, bolstering brand differentiation and sales. Widely used in producing various items such as jars, bottles, cosmetics, and pharmaceuticals, materials such as HDPE, PP, PET, and PVC offer durability, cost-ef?ciency, and easy availability. In addition, surge in online retail has heightened the need for robust packaging to protect products during shipping. Trends like smaller households drive the demand for smaller pack sizes, increasing the packaging per consumed product unit. Overall, the rigid plastic packaging market thrives on innovation, adapting to changing consumer lifestyles and preferences, while regional dynamics play a signi?cant role in market growth. Report coverage & details: Report Coverage Details Forecast Period 2023–2032 Base Year 2022 Market Size in 2020 $218,621.3 Million Market Size in 2032 $342,772.5 Million CAGR 4.6 % No. of Pages in Report 220 Segments covered Material, Production Process, End-user Industry, and Region Rise in global consumption of consumer goods Improved recycling rates for packaging Drivers Low cost of rigid plastics Shift toward flexible packaging. Implementation of stringent regulations toward the use of plastic Restraints Fluctuation in raw material prices Opportunity Rise in e-commerce sales globally The polyethylene terephthalate (PET) segment to maintain its leadership status throughout the forecast period

  3. Depending on material, the polyethylene terephthalate (PET) segment held the highest market share in 2022, accounting for more than two-thirds of the rigid plastic packaging market revenue and is estimated to maintain its leadership status throughout the forecast period. However, the polypropylene (PP) segment is projected to garner the highest CAGR of 5.5% from 2023 to 2032, owing to high demand for polypropylene plastic packaging and their associated bene?ts such as prolonged durability, robust & economic nature, and easy availability. Buy This Research Report (220 Pages PDF with Insights, Charts, Tables, Figures) @ https://www.alliedmarketresearch.com/checkout- ?nal/c569e0711e9ed466f44eade9c80657c3 The injection molding segment to maintain its leadership status throughout the forecast period On the basis of production process, the injection molding segment held the highest market share in 2022, accounting for nearly half of the rigid plastic packaging market and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the bene?ts associated with the injection molding process such as cost- effectiveness, high production ef?ciency, and versatility in creating intricate and customizable packaging designs. However, the thermoforming segment is projected to register the highest CAGR of 5.6% from 2022 to 2032. This is attributed to versatility, low tooling costs, and suitability for producing lightweight, durable, and customizable packaging solutions. The food & beverage segment to maintain its lead position during the forecast period. By end-user industry, the food & beverage segment accounted for the largest share in 2022, contributing to nearly two-thirds of the rigid plastic packaging market revenue. This is attributed to rapid expansion of the food & beverage industry and rigid plastic packaging's ability to preserve freshness, ensure product safety, and offer convenient, lightweight. Furthermore, the availability of recyclable solutions for various food and beverage products contributes toward the segment growth. However, the healthcare

  4. payload segment is expected to garner the highest CAGR of 5.7% from 2023 to 2032. Asia-Paci?c to maintain its leadership status throughout the forecast period Region wise, Asia-Paci?c held the highest market share in 2022, accounting for nearly two-?fths of the rigid plastic packaging market revenue and is estimated to register the highest CAGR of 5.1% from 2023 to 2032. This is owing to rise in investment by key market players and policies such as "Make in India" as well as the region's dense population. In addition, rise in demand for rigid plastic packaging from the packaging industry is expected to drive the market growth. Inquire Before Buying @ https://www.alliedmarketresearch.com/purchase- enquiry/6224 Leading Market Players: - ALPLA-Werke Alwin Lehner GmbH & Co KG Amcor Limited DS Smith Plc Berry Plastics Corporation Klöckner Pentaplast Plastipak Holdings, Inc. Pactiv Evergreen Inc Sealed Air Corporation Silgan Holdings, Inc. Sonoco Products Company The report provides a detailed analysis of these key players in the rigid plastic packaging market. These players have adopted different strategies such as new product launches, investments, and acquisitions to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

  5. Trending Reports in Packaging Industry (Book Now with 15% Discount):  Global returnable packaging market is projected to reach $191.7 billion by 2031 Global sachet packaging market is projected to reach $15.5 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031. Global boxboard packaging market is projected to reach $132.9 billion by 2032 Global packaging solutions market is projected to reach $1.6 trillion by 2031 Global retail ready packaging market is projected to reach $107.8 billion by 2031  Pharmaceutical Plastic Bottles Market - Global Opportunity Analysis and Industry Forecast, 2023-2032 Flexible Plastic Packaging Market - Global Opportunity Analysis and Industry Forecast, 2023-2032 Plastic Corrugated Packaging Market - Global Opportunity Analysis and Industry Forecast, 2023-2032 Plastic Crates Market - Global Opportunity Analysis and Industry Forecast, 2023-2032 About us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

  6.  We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and con?rms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top of?cials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and of?ine research and discussion with knowledgeable professionals and analysts in the industry. Contact us: United States 1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 help@alliedmarketresearch.com Follow Us on | Facebook | LinkedIn | YouTube SOURCE Allied Market Research Also from this source

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