Rising Demand from Food and Beverages and Pharmaceutical Industries Stokes Growth in Global Rigid Packaging Market

Published On : Dec 2019

Rigid packaging is of great important to the overall packaging industry. It is an extensively used technique in packaging to secure products from physical shock and damage. The excellent durability offered by rigid packaging is the key factor fuelling its demand worldwide. Vision Research Reports has added to its repertoire a report, titled “Global Rigid Packaging Market Insights, Forecast to 2025,” which provides a comprehensive analysis of the market covering various factors influencing its trajectory. It compiles exhaustive details on the prevailing competitive trends. For the purpose of the study, it therefore profiles some of the most prominent companies operating in the global rigid packaging market. The report also discusses various strategies adopted by these companies at length.

The demand for rigid packaging is forecast to rise at a steady pace between 2018 and 2025. While the market has witnessed the advent of flexible packaging, it is yet to outpace rigid packaging and its different types. This factor will enable the global rigid packaging market maintain a steady CAGR. Also penetration across regions will aid in the market’s expansion worldwide. The need for protecting goods when shipped is also one of the key factors generating the demand for rigid packaging around the world.

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Regionally, Asia Pacific is likely to show attractive prospects for the market. The rising demand for glass because it is aesthetically pleasing. Also the reusability and eco-friendly attributes of glass have made customers prefer it more. Glass is used in diverse applications of rigid packaging. For instance, it is used in the packaging of pharmaceutical products, cosmetics, food products, and beverages. Against this backdrop, expansion of food and beverages industry will positively impact the rigid packaging market in Asia Pacific. Besides inAsia Pacific, the demand from Europe is also expected to rise at a steady pace in the coming years.Other than this persistently rising demand from the Middle East and North America will enable the global rigid packaging market exhibit a positive run through the course of the report’s forecast period.

In the aforementioned regions, the market is witnessing demand from industries such as pharmaceuticals, personal care, food & beverages, and others. Among these, the demand for rigid packaging is considerably high in the food and beverages segment. Materials used in rigid packaging helps in maintaining a longer shelf life of packaged food items. This is a key reason behind the increasing demand from the food and beverages sector. Given the scenario, the rising demand for packaged and convenience food will bode well for the global rigid packaging market. In the coming years, the market is also likely to witness a surge in demand from the pharmaceutical sector. Increased spending on research and development will fuel the demand for rigid packaging in the pharmaceutical industry.

Besides identifying the sectors exhibiting the most lucrative prospects, the report also profiles some of the leading players operating in the global rigid packaging market. This includes companies such as Bemis Company, Inc.,Amcor Limited,Berry Plastic Group, Inc.,Sealed Air Corp.,Reynolds Group Holdings Ltd.,Resilux NV,DS Smith Packaging Limited,Georgia-Pacific LLC, Holmen AB ADR, and Mondi Group. The report also studies strengths and weaknesses of these companies and gauges the outcome of strategies they adopt. It is therefore intended at providing a comprehensive overview of the global rigid packaging market.

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