The global plastic rigid food packaging market was estimated at almost £30 billion pounds in 2013 and the market is expected to reach about £31.1 billion in 2014 and £37.2 billion pounds by 2019, according to Reportbuyer.
This is a compound annual growth rate (CAGR) of 3.7% from 2014 to 2019, according to a BCC Research report. Polyethylene terephthalate as a segment is expected to reach about £15.5 billion in 2014.
It is further projected to grow to £18.9 billion in 2019, with a CAGR of 4.1% for the five-year period, 2014 to 2019. Meanwhile, the high-density polyethylene sector is expected to reach about £6.3 billion in 2014.
It is further projected to grow to nearly £7.4 billion in 2019, with a CAGR of 3.3% for the five-year period, 2014 to 2019.
