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Preformed Rigid Solutions Market – Opportunities in Key Application Sectors by 2027

06-13-2018 08:56 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketResearchReports.biz

Preformed Rigid Solutions Market – Opportunities in Key

" Preformed Rigid Solutions Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2027" is the latest addition to MarketResearchReports.Biz industry research reports collection.


The objectives of this study are as follows:

To define, describe, and forecast the "Preformed Rigid Solutions" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

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Global Preformed Rigid Solutions Market: Overview

Packaging plays a significant role in increasing shelf life of the product as well as in product differentiation. Key packaging manufacturers across the globe readily design & innovate novel solutions for meeting the unique requirements from the manufacturing industry. The global food packaging market is estimated to exceed US$ 300 billion in terms of revenue and is expected to grow at a CAGR of over 5% during the forecast period.

One of such novel type of packaging solutions are the preformed rigid containers which attract a great demand for packaging in food & beverages, pharmaceutical, electronics and automotive industries. Also growing prominence on quality of packaging has given a significant push to the global preformed rigid solutions market. Preformed rigid solutions for instance trays, cups, bottles, jars, bowls, clamshell containers, etc. are gaining traction, owing to its attractive as well as innovative packaging features

Global Preformed Rigid Solutions Market: Market Dynamics

Food & beverage is projected to be the top investment pocket for the global preformed rigid solutions market as the preformed containers provide a safe & robust packaging solutions. The Higher operational performance of preformed containers such as trays, cups, bottles, jars, etc. has furthered the growth in the preformed rigid solutions market across the globe. However, high initial installation cost coupled with regular maintenance of equipment used for manufacturing preformed rigid containers is expected to negatively affect the preformed rigid solutions market during the forecast period.

Moreover, the escalating demand for lightweight, cost-efficient and easy-to-use flexible packaging products such as pouches, wraps, bags, sachets, etc., is projected to further hamper the growth prospects of preformed rigid solutions market across the globe

Global Preformed Rigid Solutions Market: Company Developments and Industry Level Trends

Pretium Packaging LLC, a U.S. based rigid plastic bottles and containers launched a new product SureHandle, a polyethylene terephthalate (PET) container designed with integrated handle.
In September 2015, Sonoco Products Company launched DivvyPack which is a combination of thermoformed pack and sliding lid
In 2015, PACTIV LLC launched tamper resistant container and lids named as TimeSquare to serve packaging requirements from food & beverages packaging verticals
In November 2013, Anchor Packaging, Inc. launched 6” square RPET containers & lids to cater the increasing demand for small salads, sides, and reduced portions.

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Global Preformed Rigid Solutions Market: Segmentation

The global preformed rigid solutions market is segmented as follows

On the basis of product type, the global preformed rigid solutions market is segmented into:

Trays & Punnets
Cups & Tubes
Bottles & Jars
Plates & Bowls
Clamshell containers
Microwaveable containers
Others
On the basis of molding process, the global preformed rigid solutions market is segmented into:

Thermoforming
Injection Molding
Blow Molding
On the basis of material type, the global preformed rigid solutions market is segmented into:

Plastic
Glass
Metal
Others
On the basis of applications, the global preformed rigid solutions market is segmented into:

Food Packaging
Meat Products
Bakery and Confectionery
Dairy
Food Service Products
Beverages Packaging
Pharmaceutical Packaging
Cosmetics and Personal Care
Industrial Goods
Appliance & Electronics
Construction Industry
Automotive Industry

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Global Preformed Rigid Solutions Market: Regional Overview

Regionally global preformed rigid solutions market is segmented into

North America
Latin America
Eastern Europe
Western Europe
Asia-Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan
The APAC preformed rigid solutions market is estimated to witness a blistering growth during the forecast period. Rise in population, resulting in growth of urbanization in the economies like India & China is anticipated to direct the APAC market in the uphill direction. In the coming years, due to the rise in consumption of food & beverages and pharmaceutical products coupled with the emergence of automobile industries, consumer electronics, construction, etc. this regional segment shall arise as the key revenue generator from the global economic perspective in the preformed rigid solutions market. Moreover, North America and the European countries are expected to follow APAC with respect to market share in the preformed rigid solutions market across the globe. Countries like Mexico, Brazil, Argentina, etc. in Latin America are estimated to steer the demand for re-usable rigid packaging solutions, thus leading to the growth in the consumption of preformed rigid solutions.

Largely, the global preformed rigid solutions market is projected to register a healthy growth rate over the forecast period.

Global Preformed Rigid Solutions Market: Key Players

Some key players that currently operate in preformed rigid solutions market across the globe can be segmented into three tiers based on their market share as follows

Tier 1 (includes market leaders with a market share of more than 5%)
Coveris Group
DS Smith plc.
Amcor Limited.
Sonoco Products Company
Huhtamaki Group
Tier 2 (includes market players with a market share above 1% while below 5%)
Bemis Company, Inc.
Genpak LLC.
Placon Corporation.
Silgan Plastics LLC
Pactiv LLC
Anchor Packaging, Inc.
Tier 3 (includes manufacturers with market share below 1%)
D&W Fine Pack LLC
Spencer Industries Inc.
Tray-Pak Corporation
Greiner Packaging
Brentwood Industries, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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