Global Rigid Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2018–2027

Global Rigid Packaging Market Overview

"The Rigid Packaging Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

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This report is based on the synthesis, analysis, and interpretation of various sources of information gathered regarding the target market. Our researchers have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact to make informed forecasts about the scenarios in future.

Global rigid packaging market is expected to grow significantly, owing to increasing trade activities and growing e-commerce industry across the globe. Packaging is a crucial part for every product. Rigid packaging enables manufacturers or dealers to deliver the products to end users or consumers safely and in damage free condition.

Dynamics

Robust growth of manufacturing sector is expected to propel growth of the global rigid packaging market over the forecast period. Moreover, increasing applications of rigid packaging in several end-use industries, and growing consumption of ready-to-eat food products are some additional factors driving the global rigid packaging market. Rising awareness towards usage of recyclable packaging materials in rigid packaging is expected to fuel growth of the target market over the forecast period.

As compared to other packaging solutions, rigid packaging is suitable for food products, owing to its ability to preserve food & beverages for longer time. Ongoing trend of online shopping is also creating positive impact for growth of the market in the coming years. In addition, rising demand for eco-friendly packaging solution is expected to fuel growth of the target market. However, high initial set-up cost and stringent regulations against use of plastic is expected to limit growth of the global rigid packaging market to a certain extent. In addition, development of alternatives for rigid packaging materials can hamper growth of the global market.

Analysis by region:

Market in Asia Pacific is expected to grow significantly, owing to rapid expansion of food & beverages and pharmaceuticals industries, and increasing disposable income of individuals in countries in the region. In addition, emerging economies such as India and China are expected to increase demand for rigid packaging solutions, owing to presence of a strong manufacturing sector. Increasing penetration of e-commerce, rising urbanization is further fueling growth of the target market in the region. Market in Europe is expected to register moderate growth, owing to changing consumer lifestyle in developed countries and rising consumption of packaged goods. Increasing demand for beverages and personal care products is also expected to drive growth of the market in the region. Markets in Latin America and Middle East Africa are expected to register moderate growth in the global rigid packaging market.

Market Segmentation and Key Players Operating in Global Rigid Packaging Market:

Segmentation by product/container type:

• Trays
• Boxes
• Containers and Cans
• Bottle and Jars

Segmentation by material type:

• Plastic
• Metal
• Glass
• Wood
• Paper & Paperboard
• Other(Bioplastic)

Segmentation by application:

• Food & Beverages
• Chemicals and Petrochemicals
• Consumer Goods
• Healthcare & Pharmaceuticals
• Others (Electronics)

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa