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Strong demand from the food and beverage packaging business, rising global consumption of consumer goods, improvement in package recycling rates, and rising cheap cost of rigid plastics are the primary causes, among others, accelerating the expansion of the rigid packaging market. The products are in great demand as a result of the booming e-commerce business, which is a crucial factor in the market’s explosive rise. Changes in demographic and lifestyle patterns will also create new opportunities for the rigid packaging market.
However, rising end-user preference for flexible packaging, rising raw material prices that are uncertain and uncertain, rising stringent government regulations, among other things, are the main factors limiting market growth. Meanwhile, rising input costs and rising recycling and environmental concerns will further impede the growth of the rigid packaging market.
Plastic is predicted to dominate the rigid packaging market
The widespread use of rigid plastics in packaging is a result of its low weight, ability to preserve product freshness, decreased risk of breakage, and low price. The wood and bioplastics segment, is the fastest growing material type in rigid packaging market. Biodegradable feedstock is used to make bioplastics, allowing them to break down into the soil like other organic materials. Due to increased consumer and regulatory body preference for bioplastics over conventional plastics and growing public awareness of their benefits, bioplastics have seen significant expansion in the packaging industry.
Bottles and jar segment is in the lead in the rigid packaging industry
Aluminium bottles, cans, ampules, aerosol cans, and bottles and jars made of different materials are examples of rigid packaging products. Containers that are rigid offer distinct advantages over other types of packaging, including high impact strength, high rigidity, and high barrier qualities. Juices, water, soft drinks, and other items are packaged using bottles. The demand for rigid packaging will increase as a result of the world’s population growth, rising beverage demand, and rising home product demand. Given the booming e-commerce sector in the emerging economies, containers and boxes hold a sizable percentage of the global business.
The food and beverage sector dominated the rigid packaging market in 2021
Numerous industries, including those in the food, beverage, electronics, personal care, and pharmaceutical sectors, use rigid packaging. One of the largest industries using rigid packaging is the food and beverage industry. Growing demand for convenience and ready-to-eat food products is anticipated to significantly boost market growth during the ensuing years. The main reason for this growth was shifting consumer lifestyles. The market as a whole, benefits from the rising consumption of snacks like sausages, bread, and potato chips in developing nations like China, India, and the Middle East. The importance of rigid packaging is predicted to increase with the expansion of food retail outlets and the introduction of new products.
Read market research report, “Global rigid packaging market by Material (Plastic, Wood, Metal, Glass, Bioplastic, Paper & Cardboard) By Application (Food & Beverages, Pharmaceuticals, Personal Care, Industrial, Others) By Product (Bottle & Jars, Trays, Boxes, Containers, and Cans) & By Region – Forecast and Analysis 2022-2028” by SkyQuest
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The major players covered in the rigid packaging market report are Amcor Limited, COVERIS, Reynolds, Berry Global Inc., ALPLA, Sonoco Products Company, Sealed Air, Silgan Holdings Inc., Plastipak Holdings Inc., Consolidated Container Company, BALL CORPORATION, DS Smith, Georgia-Pacific, Holmen Group, Mondi, Sirap Group, Tetra Pak International S.A., WestRock Company, RESILUX NV and Ardagh Group S.A among other domestic and global players.
The report published by SkyQuest Technology Consulting on global location-based services market provides in-depth qualitative insights, historical data, and verifiable projections. The projections featured in the report have been derived using proven research methodologies and assumptions.
Key Dynamics in Rigid packaging Market
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SkyQuest has segmented the Global Rigid Packaging Market based on Material, Application, Product, and Region:
Key Players in the Global Rigid Packaging Market
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
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