Rigid Plastic Packaging Market Share, Growth, Analysis and Advancement Outlook to 2025
“Rapid industrialization in BRICS economies such as Brazil, Russia, India, China and South Africa is expected to stimulate market growth of rigid packaging in the upcoming years. Globally, the market is predicted to grow at CAGR of 5.57% in the forecast period providing numerous opportunities for market players to invest for research and development in the rigid plastic packaging market.�
The Global Rigid Plastic Packaging Market is subject to witness a substantial growth due to the soaring need for environment friendly and sustainable packaging solutions. Metal composites of aluminum, steel and plastic grades like polyethylene terephthalate (PET) & polyethylene (PE), glass, and paper are adopted for various packaging applications. Rapid industrialization in BRICS economies such as Brazil, Russia, India, China and South Africa is expected to stimulate market growth of rigid packaging in the upcoming years. Globally, the market is predicted to grow at CAGR of 5.57% in the forecast period providing numerous opportunities for market players to invest for research and development in the rigid plastic packaging market. The recent technological advancement in the manufacturing sector coupled with development of advanced packaging solution are anticipated to boost market growth over the forecast period. In addition, growing manufacturing sector in South East Asian economies such as Singapore, South Korea, Taiwan and Malaysia is projected to escalate the growth of the market in the upcoming years. Rigid plastic packaging are largely utilized in various manufacturing and retail applications. Increasing adoption of the rigid plastic packaging materials is credited to their lightweight and eco-friendly nature, thus rocketing the demand of rigid plastic packaging market, in recent years.
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