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By the product type the market is primarily split into.
Rigid plastic packaging market size. The plastic packaging market size is anticipated to reach usd 416 2 billion by 2026. However rigid plastic packaging market has various restraints that hinder the market growth such as fluctuating raw material prices and recycling and environmental concerns. 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. Plastic packaging market plastic packaging market product types rigid plastic packaging and flexible plastic packaging.
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. Global rigid plastic packaging market is expected to grow at a cagr of 5 6 during the forecast period. The global rigid plastic packaging market size is poised to reach around us 772 bn by 2027 and growing at a cagr of 6 during the forecast period 2020 to 2027. 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.
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 latest survey on global rigid plastic packaging market is conducted covering various organizations of the industry from different geographies to come up with a 100 page. Applications food beverages industrial household products personal care medical and automotive components global industry analysis size share growth trends and forecast 2014 2020. Rigid plastic packaging.
In 2017 the bottles segment dominated the global market in terms of revenue. The global plastic packaging market size is projected to reach usd 320 94 billion by 2027 registering a revenue based cagr of 4 0 over the forecast period according to a new report published by grand view research inc. The market is majorly driven by the growing demand for plastic packaging from the food and beverage and industrial packaging industry.
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