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Rigid Packaging Market Is Expected To Witness Significant Growth Owing To Rising Demand For Environment-Friendly Packaging Till 2025 | Million Insights

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Rigid Packaging Market Is Expected To Witness Significant Growth Owing To Rising Demand For Environment-Friendly Packaging Till 2025 | Million Insights

March 15
01:28 2020
Rigid Packaging Market Is Expected To Witness Significant Growth Owing To Rising Demand For Environment-Friendly Packaging Till 2025 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global rigid packaging industry is predicted to grow at a CAGR of 6.7% in the forecast period, providing numerous opportunities for market players to invest in research and development of the market.

The global Rigid Packaging Market displayed a momentous growth of USD 472.19 billion in 2016. It is expected to grow significantly in the forecast period owing to rise in the demand for environment-friendly packaging. Rigid Packaging is a part of the packaging market. It is used to protect products from different types of damages. Rigid Packaging is widely used for packing the explosives and highly reactive commodities as well as other types of products and supports higher durability. The continuous and increasing demand from the consumers for rigid packaging is expected to fuel up the rigid packaging industry in the coming years with a CAGR of 6.7%.

The reasonable rates of rigid packaging, spurring growth of food & beverage industry, and rise in consumer spending power for packaged products are some of the driving factors of the market. Also, the rise in demand for the packaged medications and apparatuses in healthcare sector is predicted to widen scope for the market in the years to come. Additionally, the rise in manufacturing activities is expected to uplift the industry in near future.

Full Research Report On Global Rigid Packaging Market Analysis available at: https://www.millioninsights.com/industry-reports/rigid-packaging-market

Another driving factor for the rise of rigid packaging market comprise high transportation growth. The growing e-commerce across globe is pouring the demand for rigid packaging. Most consumers today are preferring online shopping over traditional shopping method because of wide availability of variety goods, quick delivery, easy return policies, and low or free shipping charges. However, the growing trade-related regulations and agreements among economies are stimulating the growth of the industry. Nevertheless, the increasing popularity of flexible packaging and flexible raw material costs are hampering the growth of the market.

Rigid packaging industry is categorized based on material, product type, application and geography. Based on material, the market is divided into glass, metal, plastic, and paperboard. Plastic is expected to dominate the market owing to the different types of plastic like Polyethylene (PE), Polyethylene terephthalate (PET), Polypropylene (PP) which used in manufacturing of rigid packaging goods. The adoption of rigid plastics is rising because of the features like maintained product freshness, lightweight, toughness/strength, no risk of breakage, and inexpensiveness. Based on product segmentation, the market is divided into jars & bottles, containers, boxes and cans. The jars & bottles are projected to dominate the market since they are used for carbonated soft drinks, water, juices, food products, etc. The demand for jars & bottles are also increasing due to the augmented demand for household and beverages followed by the rise in demand for containers & boxes owing to the trade-related agreements.

On the basis of application, the rigid packaging market is divided on the basis of healthcare, food & beverage, consumer goods, personal care, etc. Among these, the food & beverages segment is predicted to dominate be the fastest growing application segment in the market. Increasing population as well as rising heavy demand for beverages & foods are stimulating the growth of the industry. Also, the rising disposable income among the consumers along with lifestyle variations is estimated to impact the market.

Geographically, the rigid packaging industry is segmented into Asia Pacific, Europe, North America and RoW. China accounts for the maximum market share followed by North America owing to the rising use of bioplastic. Bioplastic is used as raw material for the manufacturing of rigid packaging. The use of bioplastic is expected to reduce the carbon footprints in the area of driving rigid packaging market growth.

The prominent rigid packaging industry players profiled here are Amcor, Ball,Berry, Crown Holdings, APPE, Britton Group, AEP Industries, Can-Pack, Ardagh Group, RPC Group, Silgan, DS Smith, Gerresheimer, Graham Packaging, LINPAC Group, Sonoco, Vidrala, and Vetropack Holding.

Request for Free Sample Copy @ https://www.millioninsights.com/industry-reports/rigid-packaging-market/request-sample

Market Segment:

Rigid Packaging Material Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2014 – 2025)
    • Plastic
    • Metal
    • Paper & Paperboard
    • Glass
    • Bioplastic

Rigid Packaging Application Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2014 – 2025)
    • Food & beverages
    • Pharmaceuticals
    • Personal care
    • Others

Rigid Packaging Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2014 – 2025)
    • North America
        • U.S.
        • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • Japan
    • Central & South America
        • Brazil
    • Middle East & Africa

Related Reports of This Category Available at Million Insights: https://www.millioninsights.com/industry/packaging

About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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