Rigid Packaging Market Revenue to Reach US$843,026.9 million by the end of 2027

Posted January 21, 2022 by neha_s

Rigid packaging is done by using paper, corrugated or paperboard materials, plastic, metals, glass materials.
Rigid packaging is done by using paper, corrugated or paperboard materials, plastic, metals, glass materials. They are basically made into the shape of the box, can, tray, or case. Rigid packaging offers high stiffness, impact strength, and excellent barrier properties to prevent contamination and protect the products packed inside.
The global rigid packaging market is projected to surpass US$ 843,026.9 million by the end of 2027 in terms of revenue, exhibiting a CAGR of 3.3% during the forecast period(2020 to 2027).

Market Opportunities
Growth in the cosmetic and personal care industry due to increasing consumers spending on the cosmetics products is expected to serve major growth opportunities. Emerging economies in Asia Pacific, such as China and India, have experienced significant growth in terms of consumer goods and logistics industry owing to growing disposable income. All these factors are expected to augment the market growth of the rigid packaging.

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Global Rigid Packaging Market - Impact of Coronavirus (Covid-19) Pandemic

The global rigid packaging market is expected to witness surge in growth in 2020, owing to growth in various industries such as healthcare & pharmaceutical, food & beverage, among others. The COVID-19 pandemic has changed the buying pattern of consumers. Measures such as nationwide lockdown have led panic buying of food and hygiene products. For instance, Kraft Heinz Company’s net sales increased by 3.3% in first quarter of 2020 as compared to first quarter of 2019, primarily attributed to the sudden increase in demand of packaged food due to the pandemic. Moreover, rigid packaging is also widely used in the healthcare & pharmaceutical sector in packaging of medicines, vaccines, etc. These factors have surged the demand for rigid packaging market.

Competitive Section:
Key players operating in the global Rigid Packaging market include Amcor Limited, Bemis Company, DS Smith Plc., Holmen AB, Georgia-Pacific LLC, Berry Plastics Corporation, Reynolds Group Holdings Limited, Sealed Air Corporation, RESILUX NV, and Mondi Group.

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Last Updated January 21, 2022