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Rigid packaging is one of the crucial part of packaging industry. Packaging is the primary type of protection that is used to prevent the fragile products from getting damaged. Rigid packaging is highly employed for packaging volatile, highly reactive products and delicate type of products. Rigid packaging involves use of materials like metals, cardboard, plastic, glass, wood and other.
Shifting preferences of consumers toward online shopping has substantially increased the demand for rigid packaging. Additional benefits of online shopping like home delivery, discounts, and offers have significantly fueled the e-commerce sector. Moreover, increasing logistics and transportation activities is likely to boost the market growth.
However, flexible packaging is gaining popularity due to certain properties like cost-effectiveness and lower carbon footprints are likely to hinder the market growth.
Key Market Driver -
Growing E-commerce industry.
Key Market Restraint -
Growing popularity of flexible packaging.
Based on material, the global rigid packaging market is segmented into plastic, wood, metal, glass, bioplastic and paper & cardboard. Based on application, market is segmented into food & beverages, pharmaceuticals, personal care, industrial and other applications.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global rigid packaging market consists of global & regional players operating. Some of the key players in the market include Reynolds Group Holding, Sonoco, Amcor Limited, Plastipak Holdings, Inc, Berry Plastics Corporation, Sealed Air Corporation, Bemis Company Inc, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia pacific is anticipated to hold the largest share in market attributed to the growing packaging industry. Growing e-commerce industry in India is one of the major factor influencing regional growth. North America is expected to show significant growth due to the large manufacturing base for packaging material. Europe is expected to exhibit considerable growth due to demand for rigid packaging material from healthcare sector. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
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