San Francisco, CA - Rigid Packaging Market displayed a momentous growth of USD 472.19 billion in 2016. It is expected to grow significantly in the forecast period owing to rise in the demand for environment-friendly packaging. Rigid Packaging is a part of the packaging market. It is used to protect products from different types of damages.
Rigid Packaging is widely used for packing the explosives and highly reactive commodities as well as other types of products and supports higher durability. The continuous and increasing demand from the consumers for rigid packaging is expected to fuel up the rigid packaging industry in the coming years with a CAGR of 6.7%.
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The reasonable rates of rigid packaging, spurring growth of food & beverage industry, and rise in consumer spending power for packaged products are some of the driving factors of the market. Also, the rise in demand for the packaged medications and apparatuses in healthcare sector is predicted to widen scope for the market in the years to come. Additionally, the rise in manufacturing activities is expected to uplift the industry in near future.
Another driving factor for the rise of rigid packaging market comprise high transportation growth. The growing e-commerce across globe is pouring the demand for rigid packaging. Most consumers today are preferring online shopping over traditional shopping method because of wide availability of variety goods, quick delivery, easy return policies, and low or free shipping charges. However, the growing trade-related regulations and agreements among economies are stimulating the growth of the industry. Nevertheless, the increasing popularity of flexible packaging and flexible raw material costs are hampering the growth of the market.
Rigid packaging industry is categorized based on material, product type, application and geography. Based on material, the market is divided into glass, metal, plastic, and paperboard. Plastic is expected to dominate the market owing to the different types of plastic like Polyethylene (PE), Polyethylene terephthalate (PET), Polypropylene (PP) which used in manufacturing of rigid packaging goods. The adoption of rigid plastics is rising because of the features like maintained product freshness, lightweight, toughness/strength, no risk of breakage, and inexpensiveness. Based on product segmentation, the market is divided into jars & bottles, containers, boxes and cans. The jars & bottles are projected to dominate the market since they are used for carbonated soft drinks, water, juices, food products, etc. The demand for jars & bottles are also increasing due to the augmented demand for household and beverages followed by the rise in demand for containers & boxes owing to the trade-related agreements.
The market report addresses the following queries related to the Rigid Packaging Market:
- What is the estimated value of the Rigid Packaging Market in 2019?
- Which region is expected to present a range of opportunities to market players in the Rigid Packaging Market?
- Which recent market trends are likely to accelerate the growth of the Rigid Packaging Market in the upcoming years?
- Which end-use industry is expected to hold the maximum market share in the Rigid Packaging Market?
- What are the recent mergers and acquisitions that have taken place in the Rigid Packaging Market?
Regional Analysis For Rigid Packaging Market:
For comprehensive understanding of market dynamics, the global Rigid Packaging Market is analyzed across key geographies namely: North America, Europe, Asia-Pacific, Latin America and Africa. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Significant Features that are under Offering and Key Highlights of the Reports:
Detailed overview of Rigid Packaging Market
Changing market dynamics of the Rigid Packaging industry
In-depth market segmentation by Type, Application etc
Historical, current and projected market size in terms of volume and value
Recent Rigid Packaging industry trends and developments
Competitive landscape of Rigid Packaging Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
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