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Rigid Packaging Market - What are the main factors that contributing towards industry growth?

Author : Rahul Varpe | Published Date : 2019-03-25 

Plastic dominates rigid packaging market and is valued at over USD 230 billion in 2015 and accounted for a larger chunk of the demand of the total market share due to low cost, firmness, light weight and durability. Increasing environmental concerns regarding carbon emission should promote bioplastics as upcoming material which may drive industry growth.

Metal cans should register fastest gains in rigid packaging market over the foreseeable future. Rise in packaged and canned food consumption owing to increasing working demographics may drive industry growth. It offers long shelf life, durability, recyclability and cost effective advantages beneficial for economic food packaging solutions. Glass material have limited usage due to heavy weight and fragile nature.

Rigid Packaging Market size may grow significantly owing to strong application scope in food & beverage, pharmaceutical, durable goods, and electronics industries. Rising packaged, frozen and processed foods consumption may drive product demand. Key properties include high stiffness, high barrier properties, heat resistance and high impact strength.

To access the table of contents or view the Rigid Packaging Market report in detail, please click the link below: www.gminsights.com/request-toc/upcoming/2190

Asia Pacific, driven by India, Japan and China rigid packaging industry size may grow significantly over the forecast timeframe. Positive outlook towards pharmaceutical and food & beverage industry may drive regional growth. Increasing population along with market penetration in electronics industry may contribute towards regional growth.

North America, led by U.S rigid packaging market size may register gains owing to increasing environmental concerns has led to rise in bioplastics demand to reduce carbon footprints should stimulate regional growth. Increasing spending on medicines accompanied by carbonated drinks demand may drive product demand.

Europe, led by UK, France, and Germany market may witness steady growth over the forecast period. Increasing demand for plastic packaging in food, soft drinks and dairy products packaging may drive regional growth. 

Polyethylene, polyethylene terephthalate (PET), polypropylene, and polyvinyl chloride (PVC) are key raw materials used for production process. Fluctuating raw material costs may hamper supply and affect market price trend.

Global rigid packaging Industry share is highly fragmented. Prominent companies operating in this industry includes Amcor, The Dow Chemical Company, BASF SE, MeadWestvaco Corporation, Holmen AB, Georgia-Pacific LLC, Reynolds Group Holding, Bemis Company.

Other industrial participants include Berry Plastics, Silgan Holding, Consolidated Container Company and Ball Corporation. In July 2015, Bemis Company Inc acquired Emplal Participaceos S.A, South American rigid plastics business which fortified its position in the South American market share.

Read More News @ www.gminsights.com/industry-analysis/filter-bags-market

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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