Global Rigid Plastic Packaging Market Size and Outlook Report 2019-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 15, 2019--
The “Rigid plastic packaging market size and outlook report, by applications (Beverage, food, healthcare, personal care, household and others), by demand, by volume and value terms, 2019- 2023” report has been added to ResearchAndMarkets.com’s offering.
Global consumption of rigid plastic packaging increased by 5.7% year-on-year in 2017, reached 58.5 million tonnes. In value terms, rigid plastic packaging market reached $161 billion in 2017, though the growth decline don year-on-year basis due to falling oil prices.
Rigid plastic packaging market is passing through a very crucial time. Europe which is one of the key markets for rigid plastic packaging has recently announced its plan that all plastic packaging to be recyclable by 2030. The plan also aims to restrict disposable plastics and micro-plastics. The EU strategy was launched following China’s decision to ban imports of foreign recyclable materials. A number of retailers and brand owners have already announced their plans to curtail the use of rigid plastic packaging.
This fast-turning trend against plastic packaging has developed some challenges, and so opportunities for the industry as well. Flexible plastic packaging which was one of the growing rivals for rigid plastic packaging is to be affected the most by the policy changes. The author expects that tough regulation on the plastic use will increase demand for bioplastic as well as utilisation of recycled plastics. Brand owners are set to increase the use of lightweight packaging to help improve their sustainability score. The author’s primary research found very little evidence that consumers consider the environment when it comes to packaged products. On the shop floor consumers usually prioritise factors such as quality, brand, price and product presentation etc.
Unlike the EU, the US market has made multibillion-dollar investments in new plastics plants on the back of the shale gas revolution. Indeed this new cheap supply will further support the rigid plastic packaging market not just in the US but also across the world. Ineos has been supplying NGL from the US to cracking plants in Europe and will start shipping to China in 2019 where it will be transformed into plastic resins at a new cracking facility in Taixing, China.
We expect rigid plastic packaging demand will show some strength in developing and emerging markets and cannibalise the market share of alternative materials such as metallic packaging. The growth in these markets will be supported by end-users such as drinks, home care and personal care. Bottles and jars will continue to be the major pack formats, though will remain under pressure in some markets.
The report addresses the following key issues:
Why should you read this report?
Key Topics Covered:
1. Executive summary
1.1 An overview of the rigid plastic packaging market
1.2 Drivers and challenges in the rigid plastic packaging market
1.3 End use sectors performance
2. Introduction and Methodology
2.1 Introduction and scope of the work
2.2 Methodology, approach, assumption
3. Rigid plastic packaging market by geography
4. Rigid plastic packaging by end-use sectors
4.4 Personal Care
5. Key drivers and restraints and its implications on the rigid plastic packaging industry
5.1 Major drivers supporting demand for rigid plastic packaging market
5.2 Major restraints and its implications on the rigid plastic packaging market
6. Competitive landscape and profiles of leading rigid plastic packaging companies
6.1 Profiles of key market players
For more information about this report visit https://www.researchandmarkets.com/r/xa9ahp
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INDUSTRY KEYWORD: PACKAGING MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 11/15/2019 06:58 AM/DISC: 11/15/2019 06:58 AM