Global Rigid Packaging Market Outlook, Strategies, Industry, Growth Analysis, Future Scope, Key Drivers By 2023
Summary
Global Global Rigid Packaging Market Size, Share, Trends, Growth, Future Scope, Analysis by Materials (Metals, Plastics, Glass, Paperboard), Product (Bottle & Jars, Trays, Boxes, Containers, and Cans), Application (Food & Beverage, Healthcare, Personal Care, Consumer Goods), and Region - Forecast 2023
Market Overview
Global Rigid Packaging is a major part of overall packaging market. It is widely used for protecting many types of products from physical shocks and from other types of damage. Global Rigid Packaging is extensively used for packing volatile and highly reactive products along with other types of products due to high durability. The demand for Global Rigid Packaging is increasing continuously and is expected to grow at the same pace over the forecast period owing to increasing demand from the consumer goods sector.
Key Players
The prominent players in the Global Rigid Packaging market include
- Amcor Limited (Australia)
- Bemis Company, Inc. (U.S.)
- RPC Group Plc (U.K.)
- DS Smith Plc., (U.K)
- Sealed Air Corporation (U.S.)
- Berry Plastics Corporation (U.S.)
- Coveris Holdings S.A. (Luxembourg)
- Reynolds Group Holdings (New Zealand)
- Plastipak Holdings, Inc. (U.S.)
- Tetra Pak International (Switzerland)
- Ball Corporation (U.S.)
- Holmen AB (Sweden)
- Silgan Holdings, Inc. (U.S.)
- Linpac Packaging Limited (U.K.) and Consolidated Container Company (U.S.).
Regional Analysis
North America is the second largest region of the market. Growing the use of bioplastic as a raw material for Global Rigid Packaging due to guidelines regarding the reduction of carbon footprints in the region driving the growth of the market. The U.S. is the major contributor to global as well as North American Global Rigid Packaging market. Latin America and the Middle East & African regions are also expected to show a positive growth over the forecast period due to growing demand from the manufacturing and e-commerce sector.
Segmentation
Global Global Rigid Packaging Market has been segmented based on material, product, application, and region. On the basis of the material, the market is segmented into metals, plastics, glass, and paperboard. The plastic dominates the material segment of the market and is expected to be the fastest growing segment over the forecast period. Various types of plastics such as Polyethylene terephthalate (PET), Polyethylene (PE), Polypropylene (PP) are used in the production of Global Rigid Packaging products. Increasing adoption of rigid plastics for packaging mainly due to the factors such as lightweight, maintaining freshness of the product, strength/toughness, reduced breakage, and low cost.
On the basis of the application, the market is segmented as food & beverage, healthcare, personal care, consumer goods and others. The food & beverages segment dominates the application segment of the market and is projected to be the fastest growing application segment. Growing population along with growing the demand for food and beverages are fuelling the growth of the market. Increasing disposable income among the individuals along with changing lifestyles of people is expected a positive influence on the growth of the market.
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