Rigid Packaging Market 2020 - Global industry trends and growth forecast to 2025
Increasing application scope of in electronic industry for better packaging and ease of transportation without compromising product quality may drive rigid packaging market size.
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Europe, led by UK, France, and Germany market may witness steady growth over the forecast period. Increasing demand for plastic packaging in food, soft drinks and dairy products packaging may drive regional growth.
Asia Pacific, driven by India, Japan and China rigid packaging industry size may grow significantly over the forecast timeframe. Positive outlook towards pharmaceutical and food & beverage industry may drive regional growth. Increasing population along with market penetration in electronics industry may contribute towards regional growth.
North America, led by U.S rigid packaging market size may register gains owing to increasing environmental concerns has led to rise in bioplastics demand to reduce carbon footprints should stimulate regional growth. Increasing spending on medicines accompanied by carbonated drinks demand may drive product demand.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o The Dow Chemical Company
o BASF SE
o MeadWestvaco Corporation
o Holmen AB
o Georgia-Pacific LLC
o Reynolds Group Holding
o Bemis Company
o Berry Plastics
o Silgan Holding
o Consolidated Container Company
o Ball Corporation
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Rigid Packaging Market size may grow significantly owing to strong application scope in food & beverage, pharmaceutical, durable goods, and electronics industries. Rising packaged, frozen and processed foods consumption may drive product demand. Key properties include high stiffness, high barrier properties, heat resistance and high impact strength.
Global cosmetics packaging market generated over 25 billion in 2015 and may surpass USD 35 billion with gains at over 4.5%. Rising per-capita disposable income leading to increase in consumer willingness to spend on well packed products accompanied with consumer inclination towards bio based products may drive rigid packaging market size.
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