|Rigid Plastic Packaging Players Focus Growth Strategy on Smart Technology Development|
|Customising packaging to end-user specification will ignite new growth opportunities, finds Frost & Sullivan|
Over the past few years, the global rigid plastic packaging markethas witnessed steady growth due to rapid urbanization, rising plastic production, technology developments driving smart rigid packaging, and increased application in end-use industries such as food & beverageand pharmaceuticals. Frost & Sullivan forecasts the market to reach $166.63 billion by 2022, growing at a CAGR of 5.2% between 2017 and 2022.
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