The Asia-Pacific Rigid Plastic Packaging Market was valued at USD 82.09 billion in the previous year and is expected to register a CAGR of 3.42% during the forecast period to become USD 100.97 billion by the next five years.
The Asia-Pacific Rigid Plastic Market is expected to be highly fragmented due to the presence of a number of countries and regional actors in the industry. Some of the leading players in the Asia-Pacific market are Amcor Group GmbH, Silgan Holdings Inc., Berry Global Inc., and others. All of these players are making competitive strategic improvements, such as partnering, developing new products, and expanding their market presence to become leaders in the Asia-Pacific Rigid Plastic Packaging Market.
In January 2023, Amcor announced the conclusion of an acquisition of MDK, a Shanghai-based company with around USD 50 million in annual sales. MDK is a leader in the medical device packaging market, a key growth area for Amcor.
In May 2022, Berry Global launched the construction of a new manufacturing facility and Global Centre of Excellence (COPE) in India. The new facility was to receive accreditation for the ISCC (International Sustainability & Carbon Certificate) Plus, which was expected to enable Berry Global to market healthcare clients' approved packaging and plastic components and to support a circular economy approach based on improved recycling and mass balancing.
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