Rigid Packaging Market

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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