The global rigid packaging market size is projected to reach
USD 848.71 billion by 2025, according to a new report by Grand View Research,
Inc. Growing food & beverage industry is expected to be the key driver
promoting growth over the forecast period. The rigid packaging market is segmented
on the basis of material into plastic, metal, paper & paperboard, glass,
bioplastic. Advantages of plastic such as flexibility, durability, and cost
effectiveness made it the most popular material in 2015.
Food & beverage accounted for
the largest share of over 50% by value in 2015, in the application segment.
Thisis due to growing demand for packaged food throughout the world. Besides,
growing beverage industry,led by products as liquor and energy drinks, has
resulted in increased demand for rigid packaging.
Asia Pacific, which is driven by
growing demand for rigid packaging products from emerging countries, dominated
the industry in 2015. Growing personal care and pharmaceuticals industries are
also expected to play key roles in this industry over the forecast period.
Besides, increasing penetration of rigid packaging products in the electronics
industry has played a key part in this growth.
Browse full research report on Rigid Packaging Market: http://www.grandviewresearch.com/industry-analysis/rigid-packaging-market
Further key findings from
the report suggest:
- Bioplastic is projected to grow at the highest CAGR
of over 8% by value, from 2016 to 2025 due to growing demand for
recyclable and eco-friendly materials. Regulations regarding use of
renewable materials have also played key roles in this growth.
- Application of rigid packaging in the pharmaceuticals
industry is projected to witness the highest CAGR of 7.6% by value, from
2016 to 2025 courtesy factors such as increased spending on medicines and
technological innovations in this sector
- The demand was led by Asia Pacific, which accounted
for 48.4% in 2015, in terms of value, with growing end-use industries in
countries such as China and India expected to drive growth
- Central & South America is expected to grow at a
CAGR of 7.3% in terms of value, the second highest, from 2016 to 2025.
This growth is fuelled by emerging economies such as Argentina, Brazil,
and Colombia, among others, in this region.
- Some of the key players in this industry include
Amcor Limited, Bemis Company, Inc., Reynolds Group Holding, and DS Smith
PLC. In July 2015, Amcor Ltd. acquired Packaging India Private Limited
which increased its share in the emerging economy of India.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
Grand View Research has segmented the rigid packaging market
on the basis of material, application and region:
Material Outlook (Volume, Kilo Tons; Revenue, USD
Billion, 2014 - 2025)
- Plastic
- Metal
- Paper
& Paperboard
- Glass
- Bioplastic
Application Outlook (Volume, Kilo Tons; Revenue, USD
Billion, 2014 - 2025)
- Food
& beverages
- Pharmaceuticals
- Personal
care
- Others
(Industrial and Electronics)
Regional Outlook (Volume, Kilo Tons; Revenue, USD
Billion, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
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