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Global Rigid Plastic Packaging Market 2019-2023| Use of Fiber-Based Material for Packaging to Boost Growth| Technavio

January 29, 2019

LONDON--(BUSINESS WIRE)--Jan 29, 2019--The global rigid plastic packaging market is expected to post a CAGR of close to 6% during the period 2019-2023, according to the latest market research report by .

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Technavio has released a new market research report on the global rigid plastic packaging market for the period 2019-2023. (Graphic: Business Wire)

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 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

This report is available at a USD 1,000 discount for a limited time only:

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.

“Apart from the use of fiber-based material for packaging, the rising demand for rigid plastic packaging from the food and beverage industry, growing consumption of bottled water, and the emergence of smart packaging are some major factors that will boost the growth of the global market,” says a senior analyst at Technavio.

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.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

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

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20190129005630/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS PACKAGING

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/29/2019 10:15 AM/DISC: 01/29/2019 10:15 AM

http://www.businesswire.com/news/home/20190129005630/en

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