The North American rigid plastic packaging market was valued at USD 54.67 billion in the previous year. It is expected to register a CAGR of 1.33% during the forecast period to become USD 59.46 billion by the next five years. As the consumption and production of goods in the consumer and industrial sectors continue to grow, the demand for rigid plastic packaging materials that can withstand harsh conditions without compromising the product's quality is increasing.
Rigid plastic packaging is a highly competitive market. Companies strive to offer lightweight, high-performance plastic grades to lower costs and enhance packaging performance. Some of the most prominent players in rigid plastic packaging are Berry Global Inc., Amcor Group GmbH, Alpla Werke Alwin Lehner GmbH & Co KG, Silgan Holdings, Seal Air Corporation, Plastipak Holding, Sonoco Products Company, and Graham Packaging Company Inc., among others.
In February 2023, Berry Global launched a fully accredited combination of 28mm Neck PET Bottles for Pharmaceutical Syrup for the first time. The Berry Healthcare bundle includes seven ranges of PET Bottles in sizes ranging from 20ml up to 1000ml and a wide selection of designs. The bottles are accompanied by eight accompanying closures, each of which features tamper-easing and child-resilient features. Customers are able to choose the bottle and associated closure with liner and dosing cup to suit their specific application and capacity needs.
In September 2022, Berry Global teamed up with Mars Incorporated to bring recycled content packaging to the market. The two companies worked together by creating new packaging for M&M's, Skittles, and Starbursts that used 15% recycled plastics. The jars were available in three sizes - 60, 81, and 87 ounces - and were expected to help cut down on virgin plastic by around 300 tons each year.
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