PUBLISHER: SkyQuest | PRODUCT CODE: 1244319
PUBLISHER: SkyQuest | PRODUCT CODE: 1244319
Global Rigid Packaging Market size was valued at USD 198.90 billion in 2021, and it is expected to reach a value of USD 274.32 billion by 2028, at a CAGR of 4.70% over the forecast period (2022 - 2028).
Global Rigid Packaging market refers to the consumption and production of cocoa and chocolate products in the Asia Pacific region. The Asia Pacific region includes countries such as China, India, Japan, South Korea, Australia, and New Zealand, among others. Top-down and bottom-up approaches were used to estimate and validate the size of Global Rigid Packaging Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
The Global Rigid Packaging market segmentation by material, application, product, production process, and region. By material, the market is segmented into plastic, metal, paper, glass, and bioplastic. Based on application, the market is segmented into food and beverage, pharmaceuticals, and personal care. Based on product, the market is segmented into bottle and jars, trays, boxes, containers, and cans. Based on production process, the market is segmented into Extrusion, Injection Molding, Blow Molding, Thermoforming, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East Africa.
Driver
Rigid packaging has the advantage of being highly adaptable to accommodate products of various shapes, whereas flexible packaging is mostly confined to bags or pouches and is primarily suitable for a limited range of household goods and food products such as dishwasher detergent pods. Rigid plastic is a versatile packaging material that can be used for a broad range of products, such as food, medicine, electronics, toys, personal care items, office supplies, and equipment. Although cardboard can be molded into a variety of shapes, the expense of manufacturing intricate cardboard designs is notably higher when contrasted with plastic materials.
Restraint
Rigid packaging's inflexibility significantly limits the possibilities for customization and makes any modifications after the molding process an expensive undertaking. Therefore, it's crucial to carefully assess and incorporate any changes into the original design before starting the manufacturing process.
Trend
To comply with strict regulations on recycling packaging materials and meet rising demand for environmentally friendly options, the industry has recently developed sustainable packaging, also known as green packaging. The demand for bioplastics in packaging has grown significantly in recent years and is projected to continue to rise. The use of eco-friendly materials can reduce the carbon footprint associated with plastic recycling. The shift toward sustainable packaging solutions is expected to be driven by design innovation, which aims to align packaging containers with changing consumer perspectives, especially in the food and beverage sector. To reduce transportation costs, rigid packaging containers like drums, bottles, and cans are being made lightweight and user-friendly.