Global Rigid Packaging Market: Current Scenario, Future Trends and CAGR 4.1% Projections by 2023

Global Industry Analysis

The global rigid packaging market is expected to grow at a CAGR of 4.1% during the forecast period of 2015 to 2023. The market is primarily driven by the increasing demand for rigid packaging in various end-use industries such as food and beverage, healthcare, personal care, and consumer goods.

The act of enclosing or protecting a finished item or product for distribution, storage, sale, or end use is called packaging. Long-distance shipments are more suitable for strong packaging, as the finished product can be stored safely for a longer period. It is used to package products in a variety of containers, including jars, cans, blisters, spray cans, and aluminum bottles. High impact resistance, high rigidity and high barrier properties are just some of the characteristics of rigid plastic packaging. This has recently boosted the rigid plastic packaging market.

Cups, cans, bottles, cardboard boxes, and cartons are examples of rigid packaging readily available in the market. The rigid packaging market can be divided into four categories based on the raw materials used: metal, plastic, paper and glass. The rigid packaging market is dominated by plastic products. Indeed, it does not disintegrate and better protects the packaged product.

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This in turn helps to improve the shelf life of the product. However, in terms of value, rigid paper packaging is expected to register the highest CAGR over the forecast period. The food and beverage industry, which is the largest consumer of rigid packaging, is expected to dominate the market during the forecast period. Other important end-use industries for the rigid packaging industry are the pharmaceutical and personal care industries.

Asia-Pacific holds the largest market share in the rigid packaging market, followed by North America and Europe. The Asia-Pacific region is expected to witness the highest growth in the rigid packaging market over the forecast period. Emerging markets such as India and China are likely to drive the market in this region. Other markets for the rigid packaging industry include Brazil and the Middle East.

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The growing popularity of reusable packaging products is driving the growth of the global rigid packaging market. Moreover, the increasing number of nuclear families and the growing demand for ready-to-eat foods and other products are expected to provide many growth opportunities for heavy-duty packaging in the global market. Additionally, the development of new packaging materials coupled with the availability of smaller-sized packaging offers additional growth opportunities for the global rigid packaging market.

Rising demand from end-use industries coupled with growing urban population, especially in Asia-Pacific, is driving the heavy-duty packaging market. Some of the major companies operating in this market are DS Smith Plc, Holmen AB, Georgia-Pacific LLC, MeadWestvaco Corporation, BASF SE, Amcor Limited, Berry Plastics Corporation, The Dow Chemical Company, Reynold Group Holdings Limited, Sealed Air Corporation, and RESILUX. is. NV.

This report covers a thorough analysis of:

• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

Report highlights:

• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint

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