The rigid plastic packaging industry size is estimated at USD 207.8 billion in 2022 and is projected to reach USD 262.5 billion by 2027, at a CAGR of 4.7% between 2022 and 2027.
By machine type, trays segment accounted for the second largest share of the Rigid packaging market. Plastic trays are highly durable, withstand harsh chemicals, and provide resistance to abrasion. There are a wide variety of rigid plastic trays available, including those with unique shapes and multiple pockets. These trays are used in various industries such as food packaging, healthcare, electronics, and consumer products. Plastic trays are used as inserts to pack assorted products such as chocolates, biscuits, and ready meals. Rigid plastic trays range from simple flat, one cavity design for holding a particular product to a multi-cavity design. The materials used for manufacturing plastic trays are PVC, PE, and PET. The rise in urbanization and busy work schedules in cities have triggered the growth of the global food delivery and takeaway market, which has triggered the demand for trays.
Download PDF Brochure at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=178852016
By Application, Beverage industry account for largest market for rigid plastic packaging market. Beverages include various types of drinks based on their constituents and their compositions. There are various types of beverages, such as alcoholic and non-alcoholic. Global players are aiming at using innovative packaging materials developed from degradable and recyclable materials in order to achieve sustainability. The expectations for quality & hygiene and growth in health awareness are driving the rigid plastic packaging market in the beverage sector. HDPE is commonly used in packaging for juice and milk jugs, squeeze butter, vinegar bottles, chocolate syrup containers, as well as grocery bags.
By raw materials, Polyethylene (PE) accounted the largest share of rigid plastic packaging market. Polyethylene is produced by the polymerization of ethylene and can be self-sealed under controlled heat. It is highly durable, versatile, and resistant to moisture and light. It is therefore widely used in rigid plastic packaging. Polyethylene provides a good barrier against moisture but a relatively poor one against oxygen and other gases. Low-Density Polyethylene (LDPE) and High-Density Polyethylene (HDPE) are used for manufacturing blister packs. High-Density Polyethylene (HDPE) is a cost-effective thermoplastic with a linear structure and no or low degree of branching. It is manufactured at low temperature (158–572°F) and pressure (10–80 bar) and is derived from either modifying natural gas (a methane, ethane, propane mix) or the catalytic cracking of crude oil into gasoline.
Request For FREE Sample of Report at https://www.marketsandmarkets.com/requestsampleNew.asp?id=178852016
By production process, Injection Molding accounted the second largest share of rigid
plastic packaging market. Injection
molding is a widely used process. Common injection molded packaging items
include tubs, buckets, rigid tubes, screw caps, and fitments. An injection molder
consists of a purpose-built extruder coupled with a clamping press that is
fitted with an interchangeable mold. A common form of injection molder has a
reciprocating screw extruder as the injection unit. The screw has a one-way
valve or check ring at its tip. The advantage of injection molding is that it
allows plastic molding companies to be able to produce more complex products in
different shapes and designs that otherwise would be difficult or impossible.
Injection molding allows for the workload to be cut down because the product is
essentially finished once the initial mold is designed. The other advantages of
injection molding are fast production, material and color flexibility, low
labor cost, and low waste production.
Europe accounted for the second largest share followed by North America and South America. The rigid plastic packaging market in Europe is likely to witness steady growth over the forecast period as a result of the increase in spending on consumer-packed goods and growth in industrial activities. The focus on reducing packaging waste and food waste will also drive the market for rigid plastic packaging, as it is cost-effective and increases the shelf life of the product. Germany dominated the European rigid plastic packaging market, followed by the Italy and France, respectively. The food & beverage industry is the largest consumer of rigid plastic packaging in Europe, followed by healthcare, Industrial and Cosmetics & Toiletries.
No comments:
Post a Comment