Rigid Packaging Market
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<strong>Rigid</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Market</strong> Research<br />
Report By Forecast To 2023<br />
Industry Survey, Growth, Competitive Landscape<br />
and Forecasts to 2023<br />
PREPARED BY<br />
<strong>Market</strong> Research Future<br />
(Part of Wantstats Research & Media Pvt. Ltd.)
<strong>Rigid</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Global <strong>Rigid</strong> <strong>Packaging</strong> <strong>Market</strong> by Materials (Metals, Plastics, Glass, Paperboard), Product (Bottle & Jars,<br />
Trays, Boxes, Containers, and Cans), Application (Food & Beverage, Healthcare, Personal Care, Consumer<br />
Goods), and Region - Forecast 2023<br />
<strong>Rigid</strong> packaging is a major part of overall packaging market. It is widely used for protecting many types of products from<br />
physical shocks and from other types of damage. <strong>Rigid</strong> packaging is extensively used for packing volatile and highly reactive<br />
products along with other types of products due to high durability. The demand for rigid packaging is increasing<br />
continuously and is expected to grow at the same pace over the forecast period owing to increasing demand from the<br />
consumer goods sector. The global rigid packaging market is estimated to grow at a CAGR of 6.0% during the estimated<br />
period, 2017-2023.<br />
High growth in transportation and logistics sector across the globe is the major factor driving the growth of the market.<br />
Increasing e-commerce business across the globe pouring the demand for the rigid packaging market. The many consumers<br />
shift from the traditional method of shopping to online shopping mainly due to the factor such as availability of different<br />
kinds of goods, quicker delivery, easier return policies, and free shipping. Moreover, increasing trade-related agreements<br />
among the countries also stimulating the growth of the market. However, growing popularity of flexible packaging and<br />
fluctuating raw material prices are restraining the growth of the market.<br />
Global rigid packaging market is expected to grow at a CAGR of 6.0% during the forecast period.<br />
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<strong>Rigid</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Segmentation<br />
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<strong>Rigid</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Regional Analysis of Global <strong>Rigid</strong> <strong>Packaging</strong> <strong>Market</strong><br />
On the basis of the regions, the global rigid packaging market is segmented into North America, Europe, Asia Pacific and<br />
Rest of the World (RoW). Asia Pacific region dominates the global rigid packaging market followed by North America and<br />
Europe. It is expected to be the fastest growing region in the global market. It comprises various countries such as China,<br />
India, and Japan, which lead to the export of goods to various parts of the world. High growth in industrial activities and<br />
growing urbanize population in developing countries such as China and India boost the growth of the market. Furthermore,<br />
the availability of raw materials and low labor cost, together form a positive influence on the market growth. China<br />
accounts for the largest share of the rigid packaging market in the Asia Pacific region.<br />
North America is the second largest region of the market. Growing the use of bioplastic as a raw material for rigid packaging<br />
due to guidelines regarding the reduction of carbon footprints in the region driving the growth of the market. The U.S. is the<br />
major contributor to global as well as North American rigid packaging market. Latin America and the Middle East & African<br />
regions are also expected to show a positive growth over the forecast period due to growing demand from the<br />
manufacturing and e-commerce sector.<br />
Industry News<br />
In May 2017 Amcor, a global leader in responsible packaging solutions, announced an expansion of its specialty container<br />
business in the Latin American region.<br />
In September 2017, DS Smith Plastics, part of DS Smith Plc., has opened a new manufacturing facility in Romeoville, Illinois.<br />
The new facility is DS Smith Plastics’ first rigid packaging manufacturing operation in North America where the company<br />
have six other flexible packaging manufacturing sites.<br />
In April 2016, Winpak’s rigid packaging and flexible lidding materials division Winpak Portion <strong>Packaging</strong> started the<br />
construction of a 348,000 ft² expansion of its existing facility in LogistiCenter at Sauk Village in Illinois.<br />
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<strong>Rigid</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Segmentation of Global <strong>Rigid</strong> <strong>Packaging</strong> <strong>Market</strong><br />
Global rigid packaging market has been segmented based on material, product, application, and region. On the basis of the<br />
material, the market is segmented into metals, plastics, glass, and paperboard. The plastic dominates the material segment<br />
of the market and is expected to be the fastest growing segment over the forecast period. Various types of plastics such as<br />
Polyethylene terephthalate (PET), Polyethylene (PE), Polypropylene (PP) are used in the production of rigid packaging<br />
products. Increasing adoption of rigid plastics for packaging mainly due to the factors such as lightweight, maintaining<br />
freshness of the product, strength/toughness, reduced breakage, and low cost.<br />
On the basis of the product, the market is segmented into bottle & jars, trays, boxes, containers, and cans, and others. The<br />
bottles & jars dominate the product segment of the global market. Bottles are used to package several products, such as<br />
juices, water, carbonated soft drinks, food products, and others. Factors such as expanding global population, and increased<br />
demand for beverages and household care products pouring the demand for bottles and jars. Boxes and containers are the<br />
other major segment of the market. Increase in trade-related agreements among the countries encouraging the demand for<br />
the boxes and containers.<br />
On the basis of the application, the market is segmented as food & beverage, healthcare, personal care, consumer goods<br />
and others. The food & beverages segment dominates the application segment of the market and is projected to be the<br />
fastest growing application segment. Growing population along with growing the demand for food and beverages are<br />
fuelling the growth of the market. Increasing disposable income among the individuals along with changing lifestyles of<br />
people is expected a positive influence on the growth of the market.<br />
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<strong>Rigid</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Key Players of Global <strong>Rigid</strong> <strong>Packaging</strong> <strong>Market</strong><br />
The prominent players in the rigid packaging market include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), RPC<br />
Group Plc (U.K.), DS Smith Plc., (U.K), Sealed Air Corporation (U.S.), Berry Plastics Corporation (U.S.), Coveris Holdings S.A.<br />
(Luxembourg), Reynolds Group Holdings (New Zealand), Plastipak Holdings, Inc. (U.S.), Tetra Pak International (Switzerland),<br />
Ball Corporation (U.S.), Holmen AB (Sweden), Silgan Holdings, Inc. (U.S.), Linpac <strong>Packaging</strong> Limited (U.K.), and Consolidated<br />
Container Company (U.S.).<br />
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