Rigid Packaging Market growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the market participants can use the analysis on market dynamics to plan effective growth strategies and prepare for future challenges beforehand.
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. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
The rigid packaging market will grow at a rate of 6.20% for the forecast period of 2021 to 2028. Rising demand in major Asian markets such as India and China is an essential factor driving the rigid packaging market.
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Based on material, the rigid packaging market is segmented into plastic, metal, wood, glass, and paper & paperboard.
Based on application type, the rigid packaging market is segmented into food & beverages, the chemical industry, consumer goods, healthcare & pharmaceutical, and others.
The rigid packaging market is also segmented based on product type into boxes, trays, containers & cans, bottles & jars, and other frozen.
Market drivers
• Rigid packaging supplies superior strength because it is formed from exhausting plastic and different such material.
• Some rigid packaging suggests a luxury impression still.
• It doesn’t affect food flavor as soft plastic isn't utilized in its production.
• It is manufactured from simple to recycle material, like exhausting plastic and glass.
• Cons of Rigid Packaging
• Rigid packaging is relatively dearly-won. Besides, it's conjointly a pricey affair to move rigid packaging.
• It has a better carbon footprint.
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