From GlobeNewswire: 2024-06-10 02:30:00

The rigid plastic packaging market is set to reach USD 331.4 billion by 2032, driven by industry partnerships and consumer demand for innovative packaging solutions. Polypropylene is expected to see high demand due to its versatility, strength, and cost-effectiveness. Caps and closures are also projected to boost market share, ensuring product safety and freshness. Asia Pacific will witness significant market growth due to rising disposable income and urbanization, making it a major player in the global market. Market leaders like Amcor and Berry Global are investing in research to develop sustainable packaging solutions, anticipating future industry trends. In January 2024, Mold-Tech Packaging Ltd invested Rs 120 crore to expand capacity for various industries. Global Market Insights Inc. provides market research and consulting services, delivering actionable insights for strategic decision-making in key industries.



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