Monday, May 9th, 2016 adds Global Rigid Plastic Packaging Market 2016-2020 latest research report, the analysts forecast global rigid plastic packaging market to grow at a CAGR of 5.99% during the period 2016-2020.

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According to the rigid plastic packaging market report, the single-serve concept is becoming very popular in the food and beverage packaging industry. In the beverage segment, the single-serve products share has become a prominent part of customer convenience. This redesigning in packaging is driving the global beverage container market. Introduction of single-serve beverages is providing huge opportunities for beverage manufacturers to reach a larger market. Ready to drink (RTD) beverages can easily be kept in refrigerated cases along with water, juices, sodas, and other beverages. Increasing consumer demand for healthy products and on-the-go food and beverages products is promoting single-serve packaging of beverages, snacks, and baked goods. This has increased the demand for PET packaging simultaneously, contributing to the market growth.

The global rigid plastic packaging market an analyst said One of the major trends that has a high probability of impacting the growth of the global rigid plastic packaging market is the emergence of biodegradable plastics. Biodegradable plastics are more easily decomposed by micro-organisms than conventional plastics, thereby reducing the toxic effect that they have on the environment.

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Rigid plastics are a grade of highly toughened plastics that are used for a variety of applications for the purpose of packaging of bulk and unit materials. They are non-corrosive, light, cheap, and easily moldable, which makes them a perfect choice for packaging. Processes such as extrusion molding, injection molding, and blow molding are used to produce different rigid plastic packaging products. The major end-users of rigid plastic packaging products are the food and beverage, healthcare, and consumer packaged goods sectors. Rigid plastic packaging has certain inherent properties that make it ideal for packaging products. They are sturdy, durable, easy to transport, and are not brittle like glass. Their cost per unit of production is low and they have a wide variety of applications. Plastic packaging even aids companies in marketing and advertising campaigns by allowing innovative and attractive designs. The popularity of biodegradable rigid plastic packaging is fueling the market growth. With stringent environmental compliance regulations worldwide, vendors are more likely to use biodegradable plastics as substitutes.

Global Rigid Plastic Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This report covers the present scenario and the growth prospects of the global rigid plastic packaging market for the forecast period 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of plastic containers, bottles, and other plastic packs of different types, to industries such as the food and beverage, pharmaceutical, chemical, and other industries.

The Rigid Plastic Packaging market is divided into the following segments based on geography: Americas, APAC and EMEA

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Key players in the global rigid plastic packaging market: ALPLA Werke, Amcor, Bemis, Berry Plastics, Silgan Holdings, and RPC.

Other prominent vendors in the market are: Coveris, DS Smith, Graham Packaging, Greiner Packaging International, Linpac Group, Plastipak, Printpack, Resilux, Pactiv, Rexam, Serioplast, and Winpak.

Further, the report states that sustainability concerns regarding plastic packaging hinders the market growth.

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