Rigid Industrial Packaging Market  to incur value growth at 4% CAGR during 2019- 2029 - PowerPoint PPT Presentation

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Rigid Industrial Packaging Market  to incur value growth at 4% CAGR during 2019- 2029


Rigid Industrial Packaging Market is Expected to Grow at a CAGR of 4% During the Forecast Period 2019 to 2029 - Future Market Insights – PowerPoint PPT presentation

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Title: Rigid Industrial Packaging Market  to incur value growth at 4% CAGR during 2019- 2029

  • July 2019

Report Id REP-GB-10086 Published On
July-2019 Category Packaging
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Rigid Industrial Packaging Market Analysis
  • Recent research Rigid Industrial Packaging
    Market  to witness steady growth at 4 CAGR by
    2019 - 2029
  • VALLEY COTTAGE, New York, July 31,
    2019 /PRNewswire/ -- Rigid industrial packaging
    recorded a volume sales of 1.85 billion units,
    equating a value of US 26 billion in 2018, as
    per the latest report published by Future Market
    Insights (FMI).
  • Rigid industrial packaging has been gaining
    rising momentum in a number of commercial sectors
    owing to its enhanced protective capabilities
    against harsh environmental factors. FMI's study
    opines that fast-paced industrialization and
    increasing demand for chemicals and
    pharmaceuticals continue to influence the growth
    prospects of rigid industrial packaging market.
  • It's not sufficient for rigid industrial
    packaging to merely contain the product inside.
    FMI's study finds that there is greater awareness
    among manufacturers and suppliers to deliver more
    environmentally acceptable packaging formats.
    Therefore, the futuristic focus revolves around
    technological innovations and sustainable
    solutions that reduce the cost of manufacturing
    as well as the environmental impact.

Rigid Industrial Packaging Market Analysis
  • Manufacturers Capture Opportunities Arising from
    Chemical Industry
  • According to the study, one of the important
    growth drivers is an increase in
    inter-continental trade activities, which
    necessitate newer industries such as
    bio-chemical, food grade ingredient, and
    processed food to use rigid industrial
    packaging format. Furthermore, the market remains
    heavily dependent on four key end-use industries
    including chemicals solvent, food beverage,
    oil lubricants, and automotive.
  • The study opines that high demand for steel
    drums, pails, and rigid intermediate bulk
    containers (IBCs) from chemicals solvent
    industry continue to influence the growth
    strategies. Additionally, manufacturers are
    focused on increasing the production of plastic
    drums and bulk boxes to capitalize on rapidly
    expanding automotive and food beverage
  • Despite the cloud swirling around the ill effects
    of plastic, manufacturers continue to use plastic
    as a convenient material for rigid industrial
    packaging, owing to technical and operational
    advantages and lower costs as compared to metals.
    Accounting for 50 revenue share in 2018, sales
    of rigid containers made up of plastic are likely
    to witness significant growth in the future,
    backed further by the lightweight property and
    advances in technologies of polymer processing.
    However, low degradability of plastic will remain
    a key concern among manufacturers as well as end

Rigid Industrial Packaging Market Analysis
  • As per the study, reuse of containers is gaining
    ground in the rigid industrial packaging space,
    and to align with the current trends,
    manufacturers are placing more focus on RD
    activities and innovations to increase the
    efficiency of products and maximize repeat use.
    The trend of customization has also been
    noticeable in the market, as manufacturers are
    inclining towards offering products that meet end
    users' specific requirements.
  • Growth prospects of the rigid industrial
    packaging, as identified by the FMI study, are
    high in East Asia, representing a revenue share
    of 50 in 2018. An exponential rise in
    manufacturing activities in the region along with
    expansion of FB industry has surged the demand
    for safe and contamination-proof packaging.
    Favorable government policies on intercontinental
    trade activities along with increasing number of
    OEMs will continue to create opportunities for
    market players in East Asia.
  • The study identifies restraints that could
    possibly hamper the growth of the rigid
    industrial packaging market. Rapid emergence of
    new companies from developing countries, catering
    to the needs of local customers at reasonable
    costs, are likely to squeeze the global player's
    margin in the market. These players are further
    under the pressure from end users to reduce the
    overall costs.

Rigid Industrial Packaging Market Analysis
  • The business intelligence highlights the
    competitive landscape in the rigid industrial
    packaging market, by conducting a thorough
    analysis on the key growth strategies of the
    market players. Acquisitions and partnerships
    with local players remain a strategic focus area
    of key stakeholders for enhanced global
  • This study tracks growth of the global rigid
    industrial packaging market from 2019 to 2029.
    The global rigid industrial packaging is likely
    to spectate a steady rise at 4.5 value CAGR over
    the course of the forecast period, according to
    FMI's projections.
  • More Related Press-release-
  • Polypropylene Packaging Films Market to Reach at
    a CAGR of 6 by 2029
  • Steel Drums IBCs Market to Grow at a CAGR of 4
    During 2019 to 2029
  • Compostable Foodservice Packaging Market is
    Expected to Grow at a CAGR of 5 During 2019 to

Rigid Industrial Packaging Market Analysis
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