Market Size of Rigid Transparent Plastics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Rigid Transparent Plastics Market Analysis
The market for rigid transparent plastics market is expected to grow at a CAGR of more than 6% during the forecast period (2021-2026).
Currently, due to the COVID-19 pandemic, the packing industry is on a booming trend, by material, the plastics sector has the highest demand. The manufacturers who initially prefer another type of plastics for apparent health care safety, as it was much safer, more adorable, and long-lasting for years, are now using plastic for the packing industry. This factor has increased the demand for rigid transparent plastic.
- In short term, the growing demand for plastic packaging in the medical industry leads to the demand for rigid transparent plastics.
- However, shifting of focus toward flexible packaging over rigid packaging tends to constrain the demand for rigid transparent plastic.
- The recyclability of plastics is projected to act as an opportunity for the market in future.
- Europe is dominating the overall rigid transparent plastic market, during the forecast period.
Rigid Transparent Plastics Industry Segmentation
The market is segmented by polymer type, end-user industry, and geography. On the basis of polymer type, the market is segmented into Polycarbonate, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene and Styrene Acrylonitrile, Polypropylene, Polymethyl Methacrylate, Styrene Block Copolymers, and Other Polymer Types. By End-user Industry, the market is segmented into Packaging, Healthcare, Electrical and Electronics, Automotive, Buildings and Construction, and Other End-user Industries. The report also covers the market size and forecasts for the rigid transparent plastic market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million) for each segments.
| Polymer Type | |
| Polycarbonate (PC) | |
| Polyvinyl Chloride (PVC) | |
| Polystyrene (PS) | |
| Acrylonitrile Butadiene Styrene (ABS) & Styrene Acrylonitrile (SAN) | |
| Polypropylene (PP) | |
| Polymethyl Methacrylate (PMMA) | |
| Styrene Block Copolymers (SBC) | |
| Other Polymer Types |
| End-user Industry | |
| Packaging | |
| Healthcare | |
| Electrical and Electronics | |
| Automotive | |
| Buildings and Construction | |
| Other End-user Industries |
| Geography | ||||||||
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Rigid Transparent Plastics Market Size Summary
The rigid transparent plastics market is poised for significant growth, driven by the increasing demand in the packaging industry, particularly in the medical sector. The COVID-19 pandemic has accelerated the adoption of plastic materials for packaging due to their durability and safety features, which has bolstered the demand for rigid transparent plastics. However, the market faces challenges from a shift towards flexible packaging solutions, which could constrain its growth. Despite these challenges, the recyclability of plastics presents a promising opportunity for future market expansion. Europe, particularly Germany, is a dominant player in this market, benefiting from the growth in sectors such as automotive, healthcare, and construction, which are driving the demand for rigid transparent plastics.
Globally, the packaging industry is experiencing steady growth, fueled by changes in substrate preferences, market expansions, and evolving ownership dynamics. The pharmaceutical sector's growth, along with the cost-effectiveness of thermoforming and ease of disposal, are key factors propelling the industry. In regions like China and India, rising populations and increasing consumption of packaged goods are further driving demand for packaging solutions. In the United States, the flexible packaging market is outpacing other types due to consumer preferences and manufacturer convenience. Despite temporary setbacks in production due to pandemic-related shutdowns, the market for rigid transparent plastics is expected to flourish, supported by the robust growth of the packaging sector and the strategic investments in healthcare and construction in Europe. The market is partially consolidated, with major players like SABIC, BASF SE, Covestro AG, Arkema, and LOTTE Chemical CORPORATION holding significant market shares.
Rigid Transparent Plastics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand for Packed Foods from the Food & Beverage Industry
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1.1.2 Rising Replacement of Conventional Materials by Rigid Transparent Plastics
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1.2 Restraints
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1.2.1 Growing Concerns Regarding Plastic Disposal
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1.2.2 Shifting of Focus Toward Flexible Packaging over Rigid Packaging
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Polymer Type
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2.1.1 Polycarbonate (PC)
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2.1.2 Polyvinyl Chloride (PVC)
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2.1.3 Polystyrene (PS)
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2.1.4 Acrylonitrile Butadiene Styrene (ABS) & Styrene Acrylonitrile (SAN)
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2.1.5 Polypropylene (PP)
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2.1.6 Polymethyl Methacrylate (PMMA)
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2.1.7 Styrene Block Copolymers (SBC)
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2.1.8 Other Polymer Types
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2.2 End-user Industry
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2.2.1 Packaging
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2.2.2 Healthcare
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2.2.3 Electrical and Electronics
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2.2.4 Automotive
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2.2.5 Buildings and Construction
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2.2.6 Other End-user Industries
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Spain
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2.3.3.6 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Rigid Transparent Plastics Market Size FAQs
What is the current Rigid Transparent Plastics Market size?
The Rigid Transparent Plastics Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Rigid Transparent Plastics Market?
SABIC, BASF SE, Arkema, LOTTE Chemical CORPORATION and Covestro AG are the major companies operating in the Rigid Transparent Plastics Market.
