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Rigid and flexible plastic packaging market 2020 rnm newly added a research report on the rigid and flexible plastic packaging market which represents a study for the period from 2020 to 2026 the research study provides a near look at the market scenario and dynamics impacting its growth.
Rigid plastic packaging market size. Rigid plastic packaging. Rigid plastic packaging market was valued at usd 248 40 billion in 2019 and is projected to reach usd 372 42 billion by 2027 growing at a cagr of 5 6 from 2020 to 2027. The market is majorly driven by the growing demand for plastic packaging from the food and beverage and industrial packaging industry. In 2017 the bottles segment dominated the global market in terms of revenue.
However rigid plastic packaging market has various restraints that hinder the market growth such as fluctuating raw material prices and recycling and environmental concerns. Global rigid plastic packaging market report 2020 explores the market size in the form of value capacity production and consumption in key regions like north america europe asia pacific. Plastic packaging market plastic packaging market product types rigid plastic packaging and flexible plastic packaging. Rigid plastic packaging market size and forecast.
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 plastic packaging market size is anticipated to reach usd 416 2 billion by 2026. Global rigid plastic packaging market is expected to grow at a cagr of 5 6 during the forecast period. Applications food beverages industrial household products personal care medical and automotive components global industry analysis size share growth trends and forecast 2014 2020.
By the product type the market is primarily split into. Marketsandmarkets projects that the rigid plastic packaging market size by value will grow and reach usd 262 68 billion by 2021 at a cagr of 5 71 between 2016 and 2021. The market is growing in accordance with the growth trends of the converting and packaging industries.
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