Rigid Packaging Market: High Growth In The Transportation And Logistics Sector Across The Globe Is Expected To Augment The Market At A Healthy CAGR Of 6.80% During The Forecast Period Of 2022 To 2030

According to MRFR analysis, the global Rigid Packaging Market is expected to register a CAGR of 6.80% from 2022 to 2030 and hold a value of over USD 4,06,100 Million by 2030.

Rigid packaging has been marked to be a key part of the packaging market. It gives good protection to the products. It defends the products from physical shocks and other such damage. The rigid packaging market is in high demand as it is cast off for packing volatile and excessive reactive products along with highly durable products. The demand in the rigid packaging industry is rising at a high rate and is expected to project at the same speed during the market forecast period. Plastics have played an energetic role during COVID.  Rigid packaging is very much obliging to keep our food safe, keep ourselves strong and our food fresh and protect it from getting contaminated. It was found that the spread of packaging food decreased to 20%-30% owing to the impact of COVID. Depletion of suppliers and distributors was found. Moreover, disturbance in the supply chain was found to deteriorate. With 4the improvement of lockdown and closure scenarios, it was found that the packaging of pharmaceuticals bottles, pumps, and HDPE containers was deteriorating gradually. Catering up of food was delayed thus reducing the demand for packaging solutions.

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Regional Analysis

Asia Pacific is expected to hold the largest share of the market attributed to the rising packaging industry. The rising e-commerce industry in India is one of the major factors influencing regional growth. North America is anticipated to show significant growth owing to the large manufacturing base for packaging material. Europe is anticipated to exhibit considerable growth owing to the demand for rigid packaging material from the healthcare sector.

Market Segmentation

The Global Rigid Packaging Market has been segmented into Materials, Products, and Application

Based on the Materials, The Global Rigid Packaging Market has been segmented into Metals, Plastics, Glass, Paperboard

Based on the Product, The Global Rigid Packaging Market has been segmented into Bottle & Jars, Trays, Boxes, Containers, and Cans

Based on the Application, The Global Rigid Packaging Market has been segmented into Food & Beverage, Healthcare, Personal Care, Consumer Goods

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Key Players

Some of the key market players are Brambles, Vetropack Holding, Schoeller Allibert, IPL Plastics, Menasha Corporation, Schutz GmbH and Co, DS Smith, and Myers Industries

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