Global Rigid Packaging Market| COVID-19 Impact, Business Overview, Challenges, Opportunities, Trends And Market Analysis By 2023

Global 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 Global 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.

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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.).

Regional Analysis

On the basis of the regions, the COVID-19 Impact 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.

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 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.

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.

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