DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/4jsllz/global_rigid) has announced the addition of the "Global Rigid Plastic Packaging Market 2015-2019" report to their offering.
The Global Rigid Plastic Packaging market will grow at a CAGR of 4.72% over the period 2014-2019.
Rigid plastic is a grade of plastic that is highly toughened and used for packaging of bulk and unit material. It is non-corrosive, light, cheap, and easily moldable, which makes it a perfect choice for packaging. Extrusion molding, injection molding, and blow molding are used to produce different rigid plastic packaging products.
The popularity of biodegradable rigid plastic packaging is one of the key trends fueling the market growth. With stringent environmental compliance regulations worldwide, vendors are more likely to use biodegradable plastics as substitutes to avoid paying hefty penalties.
According to the report, one of the main factors affecting the Global Rigid Plastic Packaging market positively is the benefits that rigid plastics provide compared with other materials. 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.
Further, the report states that one of the main challenges in the market is the fragmentation of the global market. Most of the players operating in the global market are MSME companies, whose business models are different from large corporations. Larger companies are capital-intensive and concerned with value-added activities, such as material production, innovation in products, and high-volume supplies. This raises the cost of production per unit for these companies.
The Global Rigid Plastic Packaging market can be divided into three segments based on the type of product: Rigid Plastic Bottles, Rigid Plastic Bulk Containers, and Rigid Plastic Blisters. The key customers of rigid plastic packaging products hail from the F&B, Pharmaceutical and Healthcare, and Consumer Packaged Goods sectors.
- Berry Plastics
- Sonoco Products Company
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Product
- Market Segmentation by End-users
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/4jsllz/global_rigid