CHICAGO, May 19, 2021 /PRNewswire/ — According to the new market research report “Rigid Plastic Packaging Market by Raw Material (PE, PET, PP, PVC, EPS, PS, Bioplastics), Type (Bottles & jars, Trays, Tubs, Cups & Pots), Production Process (Extrusion, Injection Molding), Application, and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the Rigid Plastic Packaging Market size is projected to grow from USD 198.9 billion in 2021 to USD 250.2 billion by 2026, at a CAGR of 4.7% during the forecast period.
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The market is expected to witness significant growth in the future due to its multiple applications in end-use industries such as beverage, food, and healthcare. The global rigid plastic packaging market is driven by factors such as strong demand in major Asia-Pacific markets such as India and China and increasing demand from food & beverage packaging industries.
The bottles & jars segment is projected to lead the global rigid plastic packaging market through 2026
The bottles & jars segment acquired the largest share in the rigid plastic packaging market in 2020, in terms of value, and is projected to grow at the second-highest CAGR…
