Report Description

The global rigid packaging market has shown steady growth during the past few years. This trend is anticipated to continue during the forecast period due to increasing consumer spending on packaged goods worldwide. In addition, growth in manufacturing output and other demographic trends including rising urban population, and changing dietary habits of consuming packaged foods is expected to fuel the growth of this market over the forecast period. Rising demand for rigid packaging is also supported by the expanding and extensive recycling infrastructure available for plastics, glass, and metal. Rigid packaging helps to keep finished goods and products safe for a longer period of time to enable transportation and distribution across huge distances. It is used to package in many different forms such as aerosol containers, cups, corrugated cases, bottles, cans, aluminum bottles, ampules, and jars. Furthermore, rigid packaging has many unique properties such as high stiffness, high impact strength, and higher barrier properties. All these properties mentioned above have led to the growing demand for rigid packaging in recent years.

Increasing popularity of packaging media provides a longer shelf life to finished food items and other products such as cosmetics and toiletries. Thus, it is a driving factor for the growth of global rigid packaging in the food and beverage industry. Increasing international trade that has led to a boost in investment in quality packaging is also driving the food and beverage industry.

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Scope

Global rigid packaging market is valued at USD 577.34 billion in 2015 and is expected to reach USD 750.57 billion by 2021, growing at a CAGR of 4.5% from 2015 to 2021. The major reasons for the success of the rigid packaging market is the growing demand for packaged food products and increasing usage of industrial packaging products. Furthermore, increasing demand for processed food due to growth in urbanization has boosted demand for ready-to-eat packaged foods in different developed countries such as China, India, France, UK, the U.S., and Brazil among others.

Key Players

Rigid packaging market is dominated by key players such as Tetra Pak International, DS Smith PLC, Georgia-Pacific Corporation, and Holmen AB. The other players are Crown Holdings, Inc., Berry Plastics Corporation, ALPLA Werke Alwin Lehner GmbH & Co KG, Rexam PLC, Ball Corporation, RESILUX NV, and Reynolds Group Holdings Limited among others.

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