Portland, OR, Aug. 26, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global rigid plastic packaging market generated $216.85 billion in 2018, and is estimated to reach $340.43 billion by 2026, registering a CAGR of 5.6% from 2019 to 2026. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.

Surge in consumption of consumer goods across the globe and low cost of rigid plastics drive the growth of the global rigid plastic packaging market. However, fluctuating raw material prices hinder the market growth. Furthermore, growth in sales on e-commerce platforms such as Amazon, Alibaba, and Flipkart across the globe is expected to create new growth opportunities for the market players during the forecast period.

Download Sample PDF (241 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/6224

Covid-19 scenario:

• The demand for rigid plastic packaging from the healthcare industry has been surged during the Covid-19 pandemic due to increase in its usage in dietary supplements such as vitamins and other essential supplies that include allergy medication.
• The demand from the food & beverages industry has experienced significant increase as the restaurants and food-service outlets have been using rigid plastics to deliver packaged food.  
• During the Covid-19 pandemic, the e-commerce sales have surged considerably as there has been reduction in shopping from physical stores and malls. The e-commerce platforms such as Amazon, Alibaba, And Flipkart have utilized rigid plastic packaging in huge amount.

The report offers a detailed segmentation of the global rigid plastic packaging market based on material, end-user industry, and region.

Based on material, the PET segment contributed to the largest share in 2018, holding nearly three-fourths of the total share, and is estimated to maintain its dominant position during the forecast period. However, the PP segment is estimated to portray the highest CAGR of 6.1% from 2019 to 2026.

Get detailed COVID-19 impact analysis on the Rigid Plastic Packaging Market: https://www.alliedmarketresearch.com/request-for-customization/6224?reqfor=covid

Based on end-user industry, the food and beverage segment accounted for the largest share in 2018, holding more than half of the total share, and is expected to maintain the largest share throughout the forecast period. However, the healthcare segment is expected to register the highest CAGR of 7.4% from 2019 to 2026.

Based on region, Asia-Pacific contributed the highest share, accounting for more than one-third of the total market share in 2018, and will maintain its dominance throughout the forecast period. However, North America is expected to grow at the CAGR of 5.1% from 2019 to 2026.

Leading market players analyzed in the research include DS Smith Plc, ALPLA-Werke Alwin Lehner GmbH & Co KG, Klöckner Pentaplast, Amcor Limited, Reynolds Group Holdings, Berry Plastics Corporation, Silgan Holdings, Inc., Plastipak Holdings, Inc., Sonoco Products Company, and RPC Group Plc

Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/purchase-enquiry/6224

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Contact:David Correa5933 NE Win Sivers Drive#205, Portland, OR 97220United StatesToll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141International: +1-503-894-6022UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: +1-855-550-5975help@alliedmarketresearch.comWeb: https://www.alliedmarketresearch.comFollow Us on LinkedIn:  https://www.linkedin.com/company/allied-market-research/

Report Abuse