Rigid Packaging industry analysis research and trends report for 2017- 2024

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Rigid Packaging industry analysis research and
trends report for 2017- 2024
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• Overview

• 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. 
• 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.
• Increasing application scope of in electronic
  industry for better packaging and ease of
  transportation without compromising product
  quality may drive rigid packaging market size.

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• 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
• Food beverage application occupied a sizable
  portion of the rigid packaging market size.
   Shift in consumer preference towards
  ready-to-eat food with improved shelf life and
  better quality along with positive outlook
  towards beverage industry may favor product
  demand.
• Global pharmaceutical packaging industry was
  valued at over USD 60 billion in 2015 and may
  exceed USD 95 billion with gains at over 9 by
  2024.  Investments in research leading to new
  product developments and innovative manufacturing
  techniques accompanied with increasing geriatric
  population may fuel product demand. Increase in
  self-administered drug therapies promote use of
  patient - friendly packaging system, ensuring
  drug efficacy along with accurate dosage and
  safety should favor rigid packaging market growth
  demand

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• 360 Analysis

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• Global cosmetics packaging market generated over
  25 billion in 2015 and may surpass USD 35 billion
  with gains at over 4.5. Rising per-capita
  disposable income leading to increase in consumer
  willingness to spend on well packed products
  accompanied with consumer inclination towards bio
  based products may drive rigid packaging market
  size.
• Stringent regulatory norms by FDA, CFSAN and NEPA
  regarding food and pharmaceuticals packaging
  promotes use of moisture resistant, high quality
  materials remaining consistent even after contact
  with food drugs may stimulate product demand.
  Favorable environmental guidelines led by EPA
  emphasizes on use of antimicrobial technology in
  the packaging to prevent the growth of microbes
  in the product thereby surging rigid packaging
  demand. 
• Asia Pacific, driven by India, Japan and China
  rigid packaging market 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.

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Competitive Trends

• The notable industries Rigid Packaging are
• Amcor,
• The Dow Chemical Company,
• BASF SE,
• MeadWestvaco Corporation,
• Holmen AB,
• Georgia-Pacific LLC

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