Global Rigid Packaging Market – Industry Analysis, Competitive Strategy during 2018-2024

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Rigid Packaging Market growth drivers in 2018
Challenges by 2024
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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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• 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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• 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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