Press release
Growth Opportunities of Global Preformed Rigid Solutions Market 2017 - 2027 ; Including Key Players- Amcor Limited., Pactiv LLC, D&W Fine Pack LLC
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
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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.
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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.
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
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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
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