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Published Date: 2017-05-30Number of Pages: 195

Rigid Packaging Market (Material - Plastic, Metal, Glass, Wood, and Paper and Paperboard; Product - Trays, Boxes, Containers and Cans, and Bottle and Jars; Application - Food and Beverages, Chemical and Petrochemical Industry, Consumer Goods, and Healthcare and Pharmaceuticals) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Global Rigid Packaging Market: Snapshot

Rigid packaging is an important as of the overall packaging market. It is extensively used for protecting various types of products from physical shocks and damage. The excellent durability of rigid packaging is the primary reason why is it used for packing volatile and highly reactive products along with other types of products. The global rigid packaging market is estimated to be worth US$166.8 bn by the end of 2024 as compared to US$589 bn in 2016. Over the forecast years of 2016 and 2024, the global market is likely to register a CAGR of 3.2%. Rigid packaging is known for being robust form of packaging which can adhere significant amount of load and insulate a reactive product from the external environment without contaminating the product.

Applications where flexible packaging fails to compete with the rigid packaging such as liquid packaging, chemical packaging, bulk packaging, heavy duty packaging, secondary packaging is the key driver for the rigid packaging market. Expansion of the geographic customer base of the companies is increasing the global trade and the need for protecting the goods during shipping is generating the demand for rigid packaging market. Materials such as metal, glass, paper & paperboard used in rigid packaging are reusable and recyclable and together they contribute for over 60% of the rigid packaging market. 

rigid packaging market

 

Paper and Paperboard Segment Paces Ahead as Demand for Paper for Packaging Spikes

On the basis of material, the global rigid packaging market is segmented into plastic, metal, wood, glass, and paper and paperboard. Of these, plastic and paper and paperboard segment are expected to account for the 70% of the rigid packaging market by material type. Increased consumption of tobacco products and the use of glass for alcoholic beverage packaging is expected to boost the rigid packaging market. Furthermore, paper and paperboard are manufactured in varying grades to match the required standards, which is also expected to favor market growth.

Rigid packaging is predominantly used in industries such as food and beverage, consumer goods, healthcare and pharmaceuticals, chemical and petrochemical industries and other industries.  Out of these, the food and beverage is expected to account for over 1/3rd of the rigid packaging market while exhibiting a CAGR of 3.6% over the forecast period. China is the largest consumer for soft drinks hence is expected to contribute largest value share for bottles and jars segment. 

Asia Pacific to Lead Global Rigid Packaging Market

From a geographic point of view, Asia Pacific region is anticipated to lead the rigid packaging market and is estimated to rise at a CAGR of 3.8% over the forecast period. Europe is expected to follow the APAC region in terms of value. On the other hand, MEA is expected to be the smallest but second most attractive market over the forecast period. North America is the third largest consumer for rigid packaging market. However, the region is seeing significant shift from the rigid packaging to flexible packaging. Latin America is expected to contribute only more than the MEA region over the forecast period.    

Key Players for the rigid packaging market include Amcor Limited, Sealed Air Corp., Resilux NV, Bemis Company, Inc., Berry Plastic Group, Inc., Reynolds Group Holdings Ltd., Georgia-Pacific LLC, DS Smith Packaging Limited, Holmen AB ADR and Mondi Group.

Global Rigid Packaging Market: Overview

This report provides forecast and analysis of the rigid packaging market on Global level. It provides historical data of 2015 along with estimated data of 2016, and forecast data up to 2024 in terms of revenue (US$ Mn) and volume (Mn MT). The report also includes macroeconomic indicators along with an outlook on rigid packaging consumption pattern across the globe. It includes drivers and restraints of the global rigid packaging market and their impact on each region during the forecast period. The report also comprises the study of current issues with end users and opportunities for rigid packaging manufacturers. It also includes value chain analysis.

In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis and company players with their SWOT analysis and strategy overview. The dashboard provides detailed comparison of rigid packaging manufacturers on parameters such as operating margin, total revenue, product portfolio, and what we call ‘innovation scale’. The study encompasses market attractiveness analysis by material type, product type, application type and region.

Global Rigid Packaging Market: Segmentation

The report includes consumption of rigid packaging and the revenue generated from sales of rigid packaging across the globe and important countries. By material type the market has been segmented into plastic, metal, glass, wood and paper & paperboard. The global rigid packaging market has been segmented on the basis of product type such as boxes, trays, container & Cans, bottles & jars and others. On the basis of application type, the market has been segmented into food &beverages, chemical & petrochemical industry, consumer goods, healthcare & pharmaceuticals and other industries.

Global Rigid Packaging Market: Research Methodologies

Market numbers have been estimated based on extensive secondary and primary research, average pricing of rigid packaging by material type and the revenue is derived through regional pricing trends. Market size and forecast for each segment have been provided in the context of global and regional markets. The rigid packaging market has been analyzed based on expected demand. Prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous regional Rigid packaging manufacturers, suppliers, and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Country demand patterns have been considered while estimating the market for various end users of rigid packaging in the different regions. Top-down approach has been used to estimate the rigid packaging market by regions. Global market numbers by material type, product type and application type have been derived using the bottom-up approach, which is cumulative of each country’s demand. Company-level market share has been derived on the basis of revenues reported by key manufacturers. The market has been forecast based on constant currency rates.

Key Players Mentioned this Report are:

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, FAO, Packaging Digest, and Hoover’s, and company annual reports and publications.

The report provides detailed competitive and company profiles of key participants operating in the Global market. Key Players of the rigid packaging market are Amcor Limited, Sealed Air Corp., Resilux NV, Bemis Company, Inc., Berry Plastic Group, Inc., Reynolds Group Holdings Ltd., Georgia-Pacific LLC, DS Smith Packaging Limited, Holmen AB ADR and Mondi Group.     

Rigid packaging market segmentation is below

Rigid Packaging Market – By Material Type

  • Plastic
  • Metal
  • Glass
  • Wood
  • Paper & Paperboard

Rigid Packaging Market – By Product Type

  • Boxes
  • Trays
  • Containers & Cans
  • Bottles & Jars
  • Others

Rigid Packaging Market – By Application Type

  • Food & Beverages
  • Chemical & Petrochemical Industry
  • Consumer Goods
  • Healthcare & Pharmaceuticals
  • Other Industries

Rigid Packaging Market – By Region Type

  • North America
  • Latin America
  • Europe
  • Asia
  • MEA


 
 
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