Lighter weight, higher performance and more cost-effective than traditional metal or glass packaging, rigid plastic is seeing innovations that challenge its rivals. Add to that the increasing use of bioplastics, reusable plastics and improved barrier properties, and rigid plastic containers definitely have a solid role in packaging.
According to the report “The Future of Rigid Plastic Packaging to 2022” by Smithers Pira (smitherspira.com), global rigid plastic packaging consumption will exceed $200 billion at the end of the forecast period in 2022. Volume consumption globally is projected to grow over the next five years at an annual rate of 3.7 percent to 63.4 million metric tonnes.