PE is projected to be the largest-growing segment during the forecast period

Rigid Plastic Packaging Market, on the basis of material, has been classified into PE, PET, PP, PS, PVC, EPS, and bioplastics. The PE segment accounted for the largest share in 2015 due to its numerous benefits such as ease of processing, barrier to moisture, strength/toughness, flexibility, and ease of sealing.

Asia-Pacific projected to account for the largest share in the Rigid Plastic Packaging Market by 2021

Asia-Pacific, with emerging economies such as China and India, is expected to drive the Rigid Plastic Packaging Market. China is projected to account for the largest market share and dominate the Asia-Pacific Rigid Plastic Packaging Market by 2021. The growth in healthcare, food, and beverage industries is expected to drive the demand for rigid plastic packaging in China. In addition to this, the country's large consumer base, overall positive economic environment, and increase in manufacturing activities is expected to drive the demand in the rigid plastic packaging industry.

The major players include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Berry Plastics Corporation (U.S.), RPC Group Plc (U.K.), and Reynolds Holdings Group (New Zealand). Companies have adopted strategies such as mergers & acquisitions to cope with the increase in demand in the emerging markets.

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