Rigid Packaging Market Research Report -Forecast to 2023

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Global Rigid Packaging Market by Materials (Metals, Plastics, Glass, Paperboard), Product (Bottle & Jars, Trays, Boxes, Containers, and Cans), Application (Food & Beverage, Healthcare, Personal Care, Consumer Goods), and Region - Forecast 2023

Rigid Packaging Market Market Research

Report By Forecast To 2023

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2023

PREPARED BY

Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)


Rigid Packaging Market Market Research Report - Forecast to 2023

Global Rigid Packaging Market by Materials (Metals, Plastics, Glass, Paperboard), Product (Bottle & Jars,

Trays, Boxes, Containers, and Cans), Application (Food & Beverage, Healthcare, Personal Care, Consumer

Goods), and Region - Forecast 2023

Rigid packaging is a major part of overall packaging market. It is widely used for protecting many types of products from

physical shocks and from other types of damage. Rigid packaging is extensively used for packing volatile and highly reactive

products along with other types of products due to high durability. The demand for rigid packaging is increasing

continuously and is expected to grow at the same pace over the forecast period owing to increasing demand from the

consumer goods sector. The global rigid packaging market is estimated to grow at a CAGR of 6.0% during the estimated

period, 2017-2023.

High growth in transportation and logistics sector across the globe is the major factor driving the growth of the market.

Increasing e-commerce business across the globe pouring the demand for the rigid packaging market. The many consumers

shift from the traditional method of shopping to online shopping mainly due to the factor such as availability of different

kinds of goods, quicker delivery, easier return policies, and free shipping. Moreover, increasing trade-related agreements

among the countries also stimulating the growth of the market. However, growing popularity of flexible packaging and

fluctuating raw material prices are restraining the growth of the market.

Global rigid packaging market is expected to grow at a CAGR of 6.0% during the forecast period.

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Rigid Packaging Market Market Research Report - Forecast to 2023

Segmentation

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Rigid Packaging Market Market Research Report - Forecast to 2023

Regional Analysis of Global Rigid Packaging Market

On the basis of the regions, the global rigid packaging market is segmented into North America, Europe, Asia Pacific and

Rest of the World (RoW). Asia Pacific region dominates the global rigid packaging market followed by North America and

Europe. It is expected to be the fastest growing region in the global market. It comprises various countries such as China,

India, and Japan, which lead to the export of goods to various parts of the world. High growth in industrial activities and

growing urbanize population in developing countries such as China and India boost the growth of the market. Furthermore,

the availability of raw materials and low labor cost, together form a positive influence on the market growth. China

accounts for the largest share of the rigid packaging market in the Asia Pacific region.

North America is the second largest region of the market. Growing the use of bioplastic as a raw material for rigid packaging

due to guidelines regarding the reduction of carbon footprints in the region driving the growth of the market. The U.S. is the

major contributor to global as well as North American rigid packaging market. Latin America and the Middle East & African

regions are also expected to show a positive growth over the forecast period due to growing demand from the

manufacturing and e-commerce sector.

Industry News

In May 2017 Amcor, a global leader in responsible packaging solutions, announced an expansion of its specialty container

business in the Latin American region.

In September 2017, DS Smith Plastics, part of DS Smith Plc., has opened a new manufacturing facility in Romeoville, Illinois.

The new facility is DS Smith Plastics’ first rigid packaging manufacturing operation in North America where the company

have six other flexible packaging manufacturing sites.

In April 2016, Winpak’s rigid packaging and flexible lidding materials division Winpak Portion Packaging started the

construction of a 348,000 ft² expansion of its existing facility in LogistiCenter at Sauk Village in Illinois.

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Rigid Packaging Market Market Research Report - Forecast to 2023

Segmentation of Global Rigid Packaging Market

Global rigid packaging market has been segmented based on material, product, application, and region. On the basis of the

material, the market is segmented into metals, plastics, glass, and paperboard. The plastic dominates the material segment

of the market and is expected to be the fastest growing segment over the forecast period. Various types of plastics such as

Polyethylene terephthalate (PET), Polyethylene (PE), Polypropylene (PP) are used in the production of rigid packaging

products. Increasing adoption of rigid plastics for packaging mainly due to the factors such as lightweight, maintaining

freshness of the product, strength/toughness, reduced breakage, and low cost.

On the basis of the product, the market is segmented into bottle & jars, trays, boxes, containers, and cans, and others. The

bottles & jars dominate the product segment of the global market. Bottles are used to package several products, such as

juices, water, carbonated soft drinks, food products, and others. Factors such as expanding global population, and increased

demand for beverages and household care products pouring the demand for bottles and jars. Boxes and containers are the

other major segment of the market. Increase in trade-related agreements among the countries encouraging the demand for

the boxes and containers.

On the basis of the application, the market is segmented as food & beverage, healthcare, personal care, consumer goods

and others. The food & beverages segment dominates the application segment of the market and is projected to be the

fastest growing application segment. Growing population along with growing the demand for food and beverages are

fuelling the growth of the market. Increasing disposable income among the individuals along with changing lifestyles of

people is expected a positive influence on the growth of the market.

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Rigid Packaging Market Market Research Report - Forecast to 2023

Key Players of Global Rigid Packaging Market

The prominent players in the rigid packaging market include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), RPC

Group Plc (U.K.), DS Smith Plc., (U.K), Sealed Air Corporation (U.S.), Berry Plastics Corporation (U.S.), Coveris Holdings S.A.

(Luxembourg), Reynolds Group Holdings (New Zealand), Plastipak Holdings, Inc. (U.S.), Tetra Pak International (Switzerland),

Ball Corporation (U.S.), Holmen AB (Sweden), Silgan Holdings, Inc. (U.S.), Linpac Packaging Limited (U.K.), and Consolidated

Container Company (U.S.).

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