Rigid Packaging Market | COVID-19 Impact, Growth Rate, Trends, Analysis, Future Scope, Size, Share, Forecast To 2023
Rigid Packaging Market Overview
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.
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Key Players
The prominent players in the 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
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. It is expected to be the fastest growing region in the global market. It comprises various countries such as China, India, and Japan, which lead to the export of goods to various parts of the world. High growth in industrial activities and growing urbanize population in developing countries such as China and India boost the growth of the market. Furthermore, the availability of raw materials and low labor cost, together form a positive influence on the market growth. China accounts for the largest share of the rigid packaging market in the Asia Pacific region. COVID-19 Impact
Segmentation
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 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.
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