One of the drivers of this growth is the ongoing substitution of plastic for glass and metal as plastic is a.
Rigid plastic packaging.
The global packaging market is worth around 700 billion with rigid plastic being the fastest growing segment of the packaging market.
The rigid plastic packaging market has been segmented on the basis of type production process material application and region.
Much has been made of recent reports that rigid plastic packaging is under a growing threat from flexibles particularly the stand up pouch.
The rigid plastic packaging group members have been very concerned about the perception of plastics as is the entire industry.
Rigid plastic packaging while the name says rigid our products and services are anything but at sonoco we develop and manufacture a wide range of packaging options to provide merchandising and functional benefits for your product and brand.
The reasons behind this are relatively easy to understand.
The demand for rigid plastic packaging is expected to grow across all regions in the medium term.
The discussed rigid and flexible plastic packaging market has been valued at xx million us dollars in 2019 and is further projected to grow at xx million us dollars through the forecast span till 2024 growing at a cagr of xx through the forecast period.
The rppg executive committee working with the plastics communications department is working on creating a series of pro plastics videos that will move the needle on the perception of plastics.
On the basis of type bottles jars accounted for the largest market share in terms of both volume and value in 2015.
By the product type the market is primarily split into.
Protective features are one compelling reason to pick the material as an ideal packaging solution but what makes this type of plastic the perfect match for the ever expanding packaging industry.
Rigid plastic packaging providing all the materials you need to succeed in plastic packaging our rigid packaging solutions account for every stage of the process including injection molding extrusion thermoforming and blow molding for the production of fast moving consumer goods such as bottles and caps cups and lids as well as medical devices and personal care products.