Increased Packaging Demands with Rigid Plastic Packaging

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ioplastics are derived from renewable resources that are environmentally friendly and easily absorbed by microorganisms in the soil. The use of bioplastics in rigid plastics is the major driver of growth of the rigid plastic packaging market. Bioplastics were initially used in the automotive, oil,and gas sectors. It is now widely used in flexible and rigid packaging. Increasing consumer awareness of renewable resources will lead to growth in the rigid plastic packaging market.

Frost & Sullivan is a partner company that enables customers to accelerate growth and achieve the best levels of growth, innovation, and leadership in class positions. It is headquartered in Santa Clara, California. According to a Frost & Sullivan analysis, the global rigid plastic packaging market will reach $166.63 billion by 2022. CAGR is estimated to be 5.2 percent in the growth market between 2017 and 2022.

Prateeksha Kaul, Research Analyst, Visionary Science, Frost & Sullivan, says, “To tackle the issue of food safety, food & beverage manufacturers are developing efficient smart packaging systems that will ensure safe food supply and long-term storage, thereby extending a product’s shelf life.” Read More…

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