Published by Coherent Market Insights
Posted on October 1, 2021
Rigid packaging is done by using paper, corrugated or paperboard materials, plastic, metals, glass materials. They are basically made into the shape of the box, can, tray, or case. Rigid packaging offers high stiffness, impact strength, and excellent barrier properties to prevent contamination and protect the products packed inside.
The global rigid packaging market is projected to surpass US$ 843,026.9 million by the end of 2027 in terms of revenue, exhibiting a CAGR of 3.3% during the forecast period (2020 to 2027).
Growing demand for industrial bulk packaging across various industries is expected to drive the market growth of rigid packaging. The growing use of pails, drums, and kegs in bulk packaging is also expected to propel the market growth of rigid packaging. Moreover, rigid intermediate bulk containers (RIBCs) are gaining popularity in the packaging industry in order to ease handling and transportation, thereby fueling market growth.
Top Key Players in Rigid Packaging market: E.I., Du, Pont, de, Nemours, and, Company, Honeywell, International, Inc., Mondi, Group, Plc, Amcor, Ltd., Sonoco, Products, Company, Sealed, Air, Corporation, Alwin, Lehner, GmbH, and, Tray, Pack, Corporation.
Regional Analysis For Rigid Packaging Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Rigid Packaging market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Growth in the cosmetic and personal care industry due to increasing consumers spending on the cosmetics products is expected to serve major growth opportunities. Emerging economies in Asia Pacific, such as China and India, have experienced significant growth in terms of consumer goods and logistics industry owing to growing disposable income. All these factors are expected to augment the market growth of the rigid packaging.
Market Trends/Key Takeaways
Trend 1
Online shopping is a trend in the market and this is fueling the market growth of the ecommerce industry. Rigid packaging is one of the important aspect in the ecommerce industry to ensure the safe delivery of the product to the consumer. Mainly boxes and containers are used in the ecommerce industry. Thus, the expansion of ecommerce industry around the globe is expected to fuel the market growth of the rigid packaging.
Trend 2
Metal containers and cans are gaining popularity which is widely used to package cosmetics and beverages. They are highly durable and have high strength as compared to other materials. Aluminum is mostly used metal in rigid packaging. Moreover, the use of glass in the rigid packaging is one of the major trends due to the growing demand for personal care and food &beverage industry. This, in turn, is fueling the market growth of rigid packaging.
Global Rigid Packaging Market – Impact of Coronavirus (Covid-19) Pandemic
The global rigid packaging market is expected to witness surge in growth in 2020, owing to growth in various industries such as healthcare & pharmaceutical, food & beverage, among others. The COVID-19 pandemic has changed the buying pattern of consumers. Measures such as nationwide lockdown have led panic buying of food and hygiene products. For instance, Kraft Heinz Company’s net sales increased by 3.3% in first quarter of 2020 as compared to first quarter of 2019, primarily attributed to the sudden increase in demand of packaged food due to the pandemic. Moreover, rigid packaging is also widely used in the healthcare & pharmaceutical sector in packaging of medicines, vaccines, etc. These factors have surged the demand for rigid packaging market.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Rigid Packaging market Research Highlights Growth Trends Over The Next Few Years appeared first on Gatorledger.
Rigid packaging is done by using paper, corrugated or paperboard materials, plastic, metals, glass materials. They are basically made into the shape of the box, can, tray, or case. Rigid packaging offers high stiffness, impact strength, and excellent barrier properties to prevent contamination and protect the products packed inside.
The global rigid packaging market is projected to surpass US$ 843,026.9 million by the end of 2027 in terms of revenue, exhibiting a CAGR of 3.3% during the forecast period (2020 to 2027).
Growing demand for industrial bulk packaging across various industries is expected to drive the market growth of rigid packaging. The growing use of pails, drums, and kegs in bulk packaging is also expected to propel the market growth of rigid packaging. Moreover, rigid intermediate bulk containers (RIBCs) are gaining popularity in the packaging industry in order to ease handling and transportation, thereby fueling market growth.
Top Key Players in Rigid Packaging market: E.I., Du, Pont, de, Nemours, and, Company, Honeywell, International, Inc., Mondi, Group, Plc, Amcor, Ltd., Sonoco, Products, Company, Sealed, Air, Corporation, Alwin, Lehner, GmbH, and, Tray, Pack, Corporation.
Regional Analysis For Rigid Packaging Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Rigid Packaging market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Growth in the cosmetic and personal care industry due to increasing consumers spending on the cosmetics products is expected to serve major growth opportunities. Emerging economies in Asia Pacific, such as China and India, have experienced significant growth in terms of consumer goods and logistics industry owing to growing disposable income. All these factors are expected to augment the market growth of the rigid packaging.
Market Trends/Key Takeaways
Trend 1
Online shopping is a trend in the market and this is fueling the market growth of the ecommerce industry. Rigid packaging is one of the important aspect in the ecommerce industry to ensure the safe delivery of the product to the consumer. Mainly boxes and containers are used in the ecommerce industry. Thus, the expansion of ecommerce industry around the globe is expected to fuel the market growth of the rigid packaging.
Trend 2
Metal containers and cans are gaining popularity which is widely used to package cosmetics and beverages. They are highly durable and have high strength as compared to other materials. Aluminum is mostly used metal in rigid packaging. Moreover, the use of glass in the rigid packaging is one of the major trends due to the growing demand for personal care and food &beverage industry. This, in turn, is fueling the market growth of rigid packaging.
Global Rigid Packaging Market – Impact of Coronavirus (Covid-19) Pandemic
The global rigid packaging market is expected to witness surge in growth in 2020, owing to growth in various industries such as healthcare & pharmaceutical, food & beverage, among others. The COVID-19 pandemic has changed the buying pattern of consumers. Measures such as nationwide lockdown have led panic buying of food and hygiene products. For instance, Kraft Heinz Company’s net sales increased by 3.3% in first quarter of 2020 as compared to first quarter of 2019, primarily attributed to the sudden increase in demand of packaged food due to the pandemic. Moreover, rigid packaging is also widely used in the healthcare & pharmaceutical sector in packaging of medicines, vaccines, etc. These factors have surged the demand for rigid packaging market.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Rigid Packaging market Research Highlights Growth Trends Over The Next Few Years appeared first on Gatorledger.
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