Global rigid plastic packaging market size is forecast to grow by USD 61.86 billion during 2019-2023 at a CAGR of 6%, with bottles segment having the largest market share. Rigid plastic packaging market analysis indicates growth will be driven by the increasing demand for rigid plastic packaging from the healthcare industry.
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Rigid plastic helps enterprises protect medicines from contamination. Airtight seals protect the contents from moisture, particulate matter, and oxidation. The inert properties of rigid plastic along with its durability, transparency, lightweight, and cleanliness make it the perfect choice for storing complex medical products. Most of the demand for pharmaceutical packaging comes from APAC as the region is driven by factors such as increased contract manufacturing and the presence of a large geriatric population. Hence, all these factors will lead to the growth of the global rigid plastic packaging market during the forecast period.

As per Technavio, the use of fiber-based material for packaging will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global rigid plastic packaging market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global rigid plastic packaging market: Use of fiber-based material for packaging

Sustainability is one of the critical factors in the packaging industry. Therefore, many enterprises in this industry are opting for materials that can be recycled easily and comply with national and international environmental protection guidelines. Fiber-based materials are one of the most suitable forms of sustainable packaging materials. They are widely accepted among consumers in the food and beverage, chemical, and construction industry. Hence, several enterprises are offering packaging products made of fiber-based material, which will boost the growth of the overall global market.

Global rigid plastic packaging market: Segmentation analysis

This market research report segments the global rigid plastic packaging market by component (bottles, containers, caps and closures, and others) and geographical regions (APAC, Europe, North America, MEA, South America).

The APAC region led the market in 2018, followed by Europe, North America, MEA, and South America, respectively. However, during the forecast period, the MEA region is also expected to witness significant incremental growth due to several factors such as rising population, increasing disposable income, and the growing demand for clean bottled water instead of utility supply.

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Some of the key topics covered in the report include:

Market Landscape
• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing
• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation
Geographical Segmentation
• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape
• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario