Rigid Packaging Market Overview
Global Rigid Packaging Market is estimated to grow at a CAGR of 6.0% during the estimated period, 2017-2023.
High growth in transportation and logistics sector across the globe is the major factor driving the growth of the market. Increasing e-commerce business across the globe pouring the demand for the rigid packaging market. The many consumers shift from the traditional method of shopping to online shopping mainly due to the factor such as availability of different kinds of goods, quicker delivery, easier return policies, and free shipping.
Rigid Packaging Market Key Players
- 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.).
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.
On the basis of the product, the market is segmented into bottle & jars, trays, boxes, containers, and cans, and others. The bottles & jars dominate the product segment of the global market. Bottles are used to package several products, such as juices, water, carbonated soft drinks, food products, and others.
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.
On the basis of the regions, the global rigid packaging market is segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Asia Pacific region dominates the global rigid packaging market followed by North America and Europe.
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