Rigid Packaging Market Research Report -Forecast to 2023

Rigid Packaging Market Market Research
Report By Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Rigid Packaging Market Market Research Report - Forecast to 2023
Global Rigid Packaging Market 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
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. 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 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. The 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. Moreover, increasing trade-related agreements
among the countries also stimulating the growth of the market. However, growing popularity of flexible packaging and
fluctuating raw material prices are restraining the growth of the market.
Global rigid packaging market is expected to grow at a CAGR of 6.0% during the forecast period.
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Rigid Packaging Market Market Research Report - Forecast to 2023
Segmentation
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Rigid Packaging Market Market Research Report - Forecast to 2023
Regional Analysis of Global Rigid Packaging 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. 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.
North America is the second largest region of the market. Growing the use of bioplastic as a raw material for 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 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.
Industry News
In May 2017 Amcor, a global leader in responsible packaging solutions, announced an expansion of its specialty container
business in the Latin American region.
In September 2017, DS Smith Plastics, part of DS Smith Plc., has opened a new manufacturing facility in Romeoville, Illinois.
The new facility is DS Smith Plastics’ first rigid packaging manufacturing operation in North America where the company
have six other flexible packaging manufacturing sites.
In April 2016, Winpak’s rigid packaging and flexible lidding materials division Winpak Portion Packaging started the
construction of a 348,000 ft² expansion of its existing facility in LogistiCenter at Sauk Village in Illinois.
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Rigid Packaging Market Market Research Report - Forecast to 2023
Segmentation of Global Rigid Packaging Market
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.
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. Factors such as expanding global population, and increased
demand for beverages and household care products pouring the demand for bottles and jars. Boxes and containers are the
other major segment of the market. Increase in trade-related agreements among the countries encouraging the demand for
the boxes and containers.
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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Rigid Packaging Market Market Research Report - Forecast to 2023
Key Players of Global Rigid Packaging Market
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.).
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Global Rigid Packaging Market 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

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