Rigid Plastic Packaging Industry Overview
The market is driven by various factors such as increased consumption of processed foods & beverages, and innovation in rigid packaging. The higher disposable income in these developing countries increases the purchasing power. However, Rigid Plastic Packaging Industry has various restraints that hinder the market growth such as fluctuating raw material prices and Recycling and environmental concerns.
Based on application, the market has been segmented as Food & Beverages, Healthcare, Personal Care, Industrial Packaging and Others. Food & beverages dominates the application segment of the market and is expected to be the fastest growing application segment. Increasing population along with growing demand for food and beverages, drives the growth of the market. Based on product, the market has been segmented as bottles & jars, trays, tubs, cups and others.
Key Players
The prominent players in the Rigid Plastic Packaging Industry include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), RPC Group Plc (U.K.), Sealed Air Corporation (U.S.), ALPLA Werke Alwin Lehner GmbH & Co KG (Austria), Berry Plastics Corporation (U.S.), Coveris Holdings S.A. (Luxembourg), Reynolds Group Holdings (New Zealand), Plastipak Holdings, Inc. (U.S.), Silgan Holdings, Inc. (U.S.), Linpac Packaging Limited (U.K.), and Consolidated Container Company (U.S.).
Research Analysis
It has numerous benefits such as ease of processing, barrier to moisture, strength/toughness, flexibility, and ease of sealing. PVC is a dense material. It is considered a common material in India, when clarity is an important selection criterion, particularly for consumer packaging. Based on manufacturing process, the market has been segmented as Extrusion, Injection Molding, and others. Injection molding processes dominates the market, by segments. Injection molding is the most commonly used manufacturing process for the fabrication of plastic parts. It is used mainly due to factors such as faster production process, and low production waste. Extrusion is also another major manufacturing process.
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