Title: Global Rigid Packaging Market – Industry Analysis, Competitive Strategy during 2018-2024
1Rigid Packaging Market growth drivers in 2018
Challenges by 2024
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2 Global Market Scenario of Rigid Packaging
Industry
- Increasing application scope of in electronic
industry for better packaging and ease of
transportation without compromising product
quality may drive Rigid Packaging Market size. - 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. - 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 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. -
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3- Product Analysis-
- 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 market growth demand. - 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. - Regional Trends-
- Asia Pacific, driven by India, Japan and China
rigid packaging industry 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. - North America, led by U.S rigid packaging market
size may register gains owing to increasing
environmental concerns has led to rise in
bioplastics demand to reduce carbon footprints
should stimulate regional growth. Increasing
spending on medicines accompanied by carbonated
drinks demand may drive product demand.
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5- Competitive Trends
- Global rigid packaging Industry share is highly
fragmented. Prominent companies operating in this
industry includes Amcor, The Dow Chemical
Company, BASF SE, MeadWestvaco Corporation,
Holmen AB, Georgia-Pacific LLC, Reynolds Group
Holding, Bemis Company. - Other industrial participants include Berry
Plastics, Silgan Holding, Consolidated Container
Company and Ball Corporation. In July 2015, Bemis
Company Inc acquired Emplal Participaceos S.A,
South American rigid plastics business which
fortified its position in the South American
market share.
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