Global rigid plastic packaging market to be worth $161.11bn in 2013

Friday 22 March 2013, Amsterdam

Our analysis indicates that the global rigid plastic packaging market will reach a value of $161.11bn in 2013, and will be driven by growth in the developing markets, in addition to a number of favourable consumer trends.

The global rigid plastic packaging market will exhibit growth over 2013-2023 and this will be driven by growth in the emerging markets. The emerging markets will be characterised by clear immaturity and strong economic growth and this will increase the quality and quantity of consumer purchases. The low labour costs will also incentivise multinationals to expand the scale of their operations in these markets.

The author of the Global Rigid Plastic Packaging Market 2013-2023 report commented that ‘Whilst the effects of the economic crisis have negatively impacted overall packaging consumption, the conditions that the crisis has created have proved favourable to the growth of rigid plastic packaging. As a consequence of the economic crisis, there has been a change in consumer preferences and this has been reflected in purchasing patterns. Consumers are looking for convenience and they are looking for good quality products at an affordable price. There are also demographic trends that have positively affected growth in the rigid plastic packaging market. An ageing population, for example, has stimulated demand for packaging with greater visual appeal and ease of use. Rigid plastic packaging has proved effective in addressing this demand. The economic crisis has also led to more people staying at home and increasing their consumption in the household. This has increased the need for packaged products and has helped galvanize demand in the rigid plastic packaging market.’

The report contains 141 tables, charts and graphs that add visual analysis in order to explain developing trends within the rigid plastic packaging market. We provide forecasts for the global rigid plastic packaging market over 2013-2023. 6 submarkets are analysed and forecasted and these include food, beverage, personal care, health care, other consumer, and industrial. In addition, 20 leading national rigid plastic packaging markets are forecast and analysed by Visiongain over the period 2013-2023. The analysis and forecasting has been informed by consultation with industry experts and an interview from LINPAC is included within the report. The report also provides profiles of 12 leading companies operating within the market.

The Global Rigid Plastic Packaging Market 2013-2023 report will be of value to current and future potential investors into the rigid plastic packaging industry, as well as companies and research centres who wish to broaden their knowledge of the rigid plastic packaging market.