MarketsandMarkets has released 360 Quadrant for Top 11 Rigid Plastic Packaging Companies, Worldwide 2024 to help businesses make quicker and more informed decisions. Companies' market presence and product footprint are used to build quadrants, which will be revised annually.
In 2023, the global rigid plastic packaging market reached a value of USD 207.8 billion, and it is anticipated to expand to USD 262.5 billion by 2028, reflecting a CAGR of 4.7% from 2023 to 2028. This upward trajectory is primarily driven by the versatile applications of rigid plastic packaging across diverse sectors such as beverages, food, and healthcare. The noteworthy factors contributing to this growth include a strong demand in key Asia-Pacific markets, particularly in India and China. Additionally, the escalating requirement for effective packaging solutions in the food and beverage industry is playing a significant role in propelling the market forward.
Access Research Report @ https://www.360quadrants.com/packaging-and-construction/rigid-plastic-packaging
Unveiling the Market Leaders: Honoring Excellence in Rigid Plastic Packaging Markets
Ø Amcor has cemented its position as a leading rigid plastics packaging provider worldwide through a combination of global reach, technological innovation, a diverse product portfolio, and a commitment to sustainability. With a strong global presence and a customer-centric approach, the company offers a versatile range of packaging solutions for various industries, including food and beverage, pharmaceuticals, healthcare, personal care, and industrial products. Amcor offers a diverse range of rigid plastic packaging solutions including containers, trays, cups, bottles, jars, closures, and preforms across a variety of resin materials such as LDPE, PE, PETE, PET, PP, and HDPE. This extensive product range allows Amcor to meet varied customer needs. The company invests significantly in R&D and new technologies for rigid packaging. Recent innovations include lightweighting, new closure designs, recyclable and sustainable packaging options. This innovation gives Amcor a competitive edge.
Ø Berry Global is another leading global supplier of plastic packaging products and solutions. The company has solidified its position as a market leader in the rigid plastic packaging industry through a combination of strategic initiatives. The company has developed a comprehensive and diverse product portfolio within the rigid plastic packaging segment. Its extensive product portfolio covers a wide range of rigid plastic packaging formats including bottles, jars, closures, tubes and more, serving major end markets like food & beverage, consumer products, healthcare, and automotive. Some of the notable products include hinged, round, non-round containers, and ET and HDPE Bottles, Single wall jars, double walled jars, and Bantam Versatile. Through strategic acquisitions and continued investments in manufacturing technologies and innovations, Berry Global has expanded its capabilities and presence in higher-value rigid packaging segments. The company also focuses on developing more sustainable rigid plastic packaging options to meet increasing customer demand.
Ø ALPLA has firmly established itself as a market leader in the Rigid Plastic Packaging industry through a strategic combination of innovation, global presence, and a diverse product portfolio. The company has established itself as a key player in the rigid plastic packaging industry through its comprehensive portfolio of products including bottles, caps, canisters, and closures, buckets, and technical molded parts. The company is renowned for providing top-tier plastic packaging solutions across diverse markets, including personal care, food, home care, oil & lubricants, OTC, milk & dairy, and pesticides. It uses materials like PP, PE, LLDPE, HDPE, PET, and HD among other materials. The company excels in core technologies within this sector, including injection moulding, extrusion blow moulding, injection moulding-preforms, and injection stretch blow moulding. ALPLA's commitment to technological advancements and sustainable practices has not only solidified its position as a key player in the market but has also allowed it to meet the growing needs of environmentally conscious consumers and businesses. Overall, ALPLA's strategic initiatives, coupled with its comprehensive product portfolio and global reach, have positioned it at the forefront of the Rigid Plastic Packaging market.
Ø Pactiv has established itself as one of the dominant players in the rigid plastic packaging market through its comprehensive product portfolio and strong market presence. The company offers a wide range of rigid plastic packaging solutions including containers, bowls, cups, lids, plates, and trays across end-use segments such as food, beverage, healthcare, and consumer goods. The company uses various materials like molded fiber, paperboard, PE, PET, PLA, PP, PS-Foam, and PVC among others. Pactiv's market presence is characterized by a global footprint, enabling it to serve diverse markets and cater to the unique packaging needs of different regions. Its ability to adapt to evolving market trends, coupled with a continuous focus on research and development, has allowed Pactiv to maintain a competitive edge and emerge as a trusted partner for businesses seeking reliable and cutting-edge rigid plastic packaging solutions.
Ø Plastipak, a wholly-owned subsidiary of Plastipak Holdings, Inc., holds a prominent global position as a leader in crafting high-quality rigid plastic containers tailored for the food, beverage, and consumer products sectors. Renowned for its commitment to sustainability, Plastipak is also a major player in rigid plastic packaging recycling, actively producing food-grade post-consumer recycled resin for integration into new packaging solutions. Plastipak's dedication to environmental responsibility is evident in its recycling initiatives, contributing to the creation of eco-friendly post-consumer recycled (PCR) resin, particularly in PET and HDPE containers. The company's comprehensive offerings extend to the manufacturing of Virgin PET, coupled with ongoing exploration of sustainable bio-alternatives, reinforcing its position as an industry trailblazer in delivering both quality and sustainability to its clientele.
Categorization Of Rigid Plastic Packaging Companies On 360 Quadrants
Rigid Plastic Packaging Companies’ evaluation was conducted for 60 companies, of which the top 11 were categorized and placed in a quadrant under Market Leaders, Contenders, Innovators, and Emerging Companies.
Positioned in the upper-right quadrant, Market Leaders exemplify a combination of an expansive product offering and a formidable market presence. These organizations not only deliver comprehensive solutions but also boast a well-established and influential position in the market. Market Leaders are recognized for their reliability, consistent innovation, and widespread acceptance among customers. Their dominance in both product capabilities and market influence solidifies their status as leaders in their respective industries. These companies include Amcor, Berry Global, ALPLA, Pactiv, and Plastipak.
Sonoco and Huhtamaki have been recognized as Contenders. Nestled in the upper-left quadrant, Contenders possesses a substantial market presence but may encounter challenges in terms of product innovation or differentiation. These companies have already secured a notable customer base and market recognition, positioning them as contenders. While their current offerings are
competitive, Contenders have the potential to evolve and enhance their product capabilities to become more visionary and competitive in the future.
Situated in the lower-right quadrant, Innovators are distinguished by their exceptional product innovation and uniqueness. While they may not match the market presence of Market Leaders, Innovators challenge industry norms by introducing cutting-edge solutions. These companies push industry boundaries with forward-thinking approaches and have the potential to become major players despite lower corporate growth strategies.
Residing in the lower-left quadrant, Emerging Companies showcase a promising product footprint but are in the early stages of establishing their market presence. These companies may excel in specific niche areas or offer unique features that differentiate them, but their impact on the overall market is still evolving. Emerging Companies are considered niche players with significant growth potential as they expand their reach and recognition in the market. This segment of the quadrant has identified Silgan, Gerresheimer, Lacerta Group, and Albéa Group as emerging companies.
Request Your Free Marketing Kit @ https://www.360quadrants.com/packaging-and-construction/rigid-plastic-packaging
Evaluation Criteria
The 360 Quadrant maps the Rigid Plastic Packaging Companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Rigid Plastic Packaging quadrant. While the top criteria for product footprint evaluation included Product Type, Sustainable Initiatives, Product Features and Functionality, Product Industry Verticals, Packaging Type (Bottles & Jars, Rigid Bulk Products, Trays, Tubs, Cups, & Pots, Others), Applications (Food, Beverages, Healthcare, Cosmetics & Toiletries, Industrial, Others).
360 Quadrants Scoring Methodology
360 Quadrants employs a comprehensive and transparent scoring methodology to evaluate companies. It identifies relevant evaluation criteria, collects and validates data from multiple sources, and employs an algorithm that considers parameter weights to generate scores. Normalization ensures fair comparisons, and the aggregated scores categorize solutions into quadrants such as Market Leaders, Contenders, Innovators, and Emerging Companies. This unbiased approach equips users with accurate information, empowering them to make well-informed decisions and select solutions that best suit their needs and objectives.
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research and facilitates analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
360 Quadrants will also be launching 110 quadrants in Chemicals and Materials, Packaging, Energy & Power, and Healthcare. Visit https://www.360quadrants.com to access our interactive quadrants.
For media inquiries, please contact:
Mr. Agney Sugla
MarketsandMarkets™ INC.
630 Dundee Road, Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441 Email: [email protected]
