The report "Rigid Plastic Packaging Market by Raw Material (PE, PET, PP, PVC, EPS, PS, Bioplastics), Type (Bottles & jars, Trays, Tubs, Cups & Pots), Production Process (Extrusion, Injection Molding), Application, and Region - Global Forecast to 2021" published by MarketsandMarkets suggests that the market size is projected to grow from $189.43 Billion in 2015 to reach $262.68 Billion by 2021, at a CAGR of 5.71%.

According to the report, the global Rigid Plastic Packaging Market is driven by factors such as cost-effectiveness of rigid plastic packaging, strong growth in the food & beverage industry, and increase in consumer expenditures for packaged products. The growth in healthcare industry and increase in demand for packed products present a great opportunity for this market to grow in the future. The Rigid Plastic Packaging Market is witnessing demand, owing to the rise in manufacturing activities.

Beverage segment projected to be the largest-growing during the forecast period

The beverage segment is projected to be the largest-growing in the Rigid Plastic Packaging Market on the basis of end-use industry, and this trend is projected to continue during the forecast period. The expectations of quality, hygienic products, and growth in health awareness are driving the Rigid Plastic Packaging Market in the beverage sector.

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