The global plastic rigid food packaging market was estimated at almost 30 bln lbs in 2013. The market is expected to reach about 31.1 bln lbs in 2014 and 37.2 bln lbs by 2019, a compound annual growth rate (CAGR) of 3.7% from 2014 to 2019, as per BCC Research. Polyethylene terephthalate (PET) as a segment is expected to reach about 15.5 bln lb in 2014. It is further projected to grow to 18.9 bln lbs in 2019, with a CAGR of 4.1% for the five-year period, 2014 to 2019. High-density polyethylene (HDPE) as a segment is expected to reach about 6.3 bln lbs in 2014. It is further projected to grow to nearly 7.4 bln lbs in 2019, with a CAGR of 3.3% for the five-year period, 2014 to 2019.
24-Sep-14 
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