Market Highlights:
The global rigid packaging market is expected to grow from about USD 187 Billion in 2015 to cross USD 275 Billion by the end of 2022, growing at a CAGR of 6% in the forecasted period.
Rigid Packaging is widely used across industries such as food & beverages, healthcare, chemicals, consumer goods among others. The demand for convenient, firm and durable packaging in food & beverage has been the key driver in the growth of the market. Consumers due to changing lifestyles are dependent on the packaged and processed food and beverage items. This shifting demand for convenience items has augmented the demand for rigid packaging that keeps the food safe and sealed.
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Key Findings:
The report has analyzed the market based on the three segments: material, product and application in the regions of North America, Europe, APAC and rest of the world.
· On the basis of Material, plastic has the largest market share. The share is attributed to its durability and light-weight. Consumers demand such packaging that is easy to carry and handle, but at the same time with enough firmness to as to hold the product in place.
· On the basis of Application, Food & Beverage accounts for the largest share both by value and volume due to the increasing demand for processed and packaged food items. The scope of the market has widened over many years owing to the flourishing markets of APAC. The region has seen rapid urbanization along with dependency on convenience food and drinks. This fuels the demand for packaging in the region.
Taste the market data and market information presented through more than 85 market data tables and figures spread in 132 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Rigid Packaging Market Research Report - Forecast to 2022”
Key Players in Market:
MRFR recognize the key players in the Global Rigid Packaging Market as
· Amcor Limited
· Bemis Company Inc.
· Berry Plastics Corporation
· 3M Company
· Ball Corporation
· Ardagh Group
· Tray Pack Corporation
· Nampak Ltd., DS Smith Plc.
· Sealed Air Corporation
APAC will be the Largest Market
APAC is expected to dominate the market with its fastest growing market size for rigid packaging. The region is seen with the largest market share in 2015 and is expected to show similar trends. The industries such as food & beverage, healthcare, personal care, etc. demand increased rigid packaging solutions in the region. This is backed by the government’s initiative to improve the medical and healthcare conditions along with increased investments. The healthcare industry induces the demand for such packaging. Furthermore the most dominating industry in the market remains food & beverage. The region is marked by rapid urbanization and shifting consumer preferences, which leads to increased demand for packaged foods and drinks and thus the rigid packaging.
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This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global rigid packaging market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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