Rigid Packaging Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2023

Rigid Packaging Market Overview

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.

Key Players

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.).

Segmentation

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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