Global market for rigid plastic packaging 2015-2022

According to a new report by Stratistics MRC, the global rigid plastic packaging market is accounted for $170.9 billion in 2015 and is expected to reach $260.2 billion by 2022 growing at a CAGR of 6.1% from 2015 to 2022. Factors such as biodegradable rigid plastic packaging, rapid urbanization, increased disposable income and growing demand for beverages and household care products are driving the market growth. Emerging economies and aging population will provide opportunities for the market to emerge. However, the non-biodegradable properties of rigid plastic packaging and fierce competition from flexible plastic packaging are restraining the market. Concerns regarding usage of Bisphenol A (BPA) in plastic products are posing a major challenge for the market.
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