Packaging is an operation of enclosing or protecting finishing goods for the basis of distribution, storage, end-use and sale. The purpose of rigid packaging is to keep commodities safe during transportation over long distances. Rigid packaging keeps product intact and safe. This kind of packaging has high stiffness, good impact strength and excellent barrier properties. Additionally, rigid plastic packaging is specially known for manufacturing of soda and water bottles, that are made from polyethylene terephthalate (PET). Wide use of rigid plastic is made in packaging of pharmaceuticals, household and personal care products. Extensive use of rigid packaging across industries for packaging of products, creates a high growth opportunity of this market. Moreover, rigid packaging is used in industries for their end products such as processed meats, frozen meats, drinks, ready-to-eat food items, cosmetics and medicines in the formation of liquids, lotions, capsules and many more. Parallel development of plastic conversion process and plastic raw materials has influenced the rapid improvement of rigid plastics in packaging. High density polyethylene, low density polyethylene, polyvinyl chloride (PVC), polystyrene and polypropylene hold a major contribution in rigid packaging spectrum. Advances in technology and packaging processes have moreover contributed towards the growth of rigid packaging. Further down, thermoforming, injection moulding, extrusion blow moulding, injection blow moulding and injection-stretch blow moulding are some of the processes involved in rigid packaging. High demand of rigid packaging in several industries creates a huge growth opportunity of this market in the future. Additionally, Asia-Pacific is the largest market of rigid packaging, followed by North-America and Europe. Rising number of pharmaceuticals and food & beverage industries in countries like India, China and Japan, makes the market demanding in Asia-Pacific region.
Rigid packaging materials can be reused, recycled, and are durable which promotes their sale. Adoption of advanced packaging materials and methods in industries such as chemicals and pharmaceuticals make the market demanding in the nearby future. Need of rigid packaging for automobile lubricants further promotes the growth of the market in the automotive industry. Further down, increasing number of industries in emerging economies like India, China, Brazil and Russia further creates a positive impact on the global rigid packaging market. Innovation of technology in packaging materials, has further resulted in providing sustainable product which is also a key driver of the overall global market. Stringent regulations concerning recycling of materials is a major factor growing the demand of eco-friendly and sustainable packaging. Rising use of bioplastic for rigid packaging reduces the rate of carbon footprints. High usage of rigid plastics in pharmaceutical and food & beverages industries, leads to the growth of the overall rigid packaging industry. Increasing number of industries manufacturing liquid products depend on rigid packaging solutions which is expected to boost the market growth over the next eight years.
Major applications of rigid packaging mentioned in the report includes electronic industry, pharmaceuticals, food & beverages, personal care products and others. Moreover, on the basis of material, the market has been segmented as bioplastic, plastic, paper & paperboard, metal and glass.The global rigid packaging market has been moreover segmented geographically into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.
Increasing rate of electronic industries across the globe further propels the growth of the global rigid packaging market. However, in contrast to flexible packaging, rigid packaging is higher in cost, weight and demand bigger storage area. Moreover, technological challenges involved in manufacturing of rigid packaging products may hinder the market growth during the projection period.
Some of the major players in the global rigid packaging marketincludeAmcor Limited, Bemis Company, Inc., DS Smith Plc, Coveris Holdings S.A., Reynolds Group Holding and few others.
Global Rigid Packaging Market: By Material
Global Rigid Packaging Market: By Applications
Global Rigid Packaging Market: By Geography