Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- Application-wise, the market for rigid packaging is categorized into pharmaceuticals, food and beverages cosmetics and toiletries, durable goods such as furniture, home appliances, and firearms, industrial packaging for consumer electronics, automotive equipment, footwear, sports equipment, and others, and added applications such as jewelry boxes and stationery products. Food and beverages held the largest share of the overall rigid packaging market and this application segment is estimated to register a 4.30% CAGR by 2021. Pharmaceuticals, on the other hand, will emerge as the most rapidly developing segment during the forecast period, exhibiting a 5.40% CAGR.
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Geographically, the global rigid packaging market is divided into North America, Europe, Asia Pacific, and Rest of the World. Accounting for a 41.20% share of the overall market in 2014, Asia Pacific has emerged as the dominant regional market for rigid packaging, driven primarily by the thriving food and beverages industry. In addition, growing population in countries such as India and China and increasing gross domestic product (GDP) has also contributed toward the development of the rigid packaging market in Asia Pacific.
North America is the second largest market and held a 26.20% share of the worldwide rigid packaging market in 2014. However, this region, as well as the European region, has reached a point of saturation. As a result, both these regional markets are anticipated to witness average growth over the next six years.
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The topmost players operating in the global rigid packaging market include Resilux NV, Berry Plastics Corporation, Ball Corporation, Tetra Pak International, Holmen AB, Reynolds Group Holdings Limited, Amcor Limited, Rexam PLC, Georgia-Pacific LLC, Crown Holdings, Inc., ALPLA Werke Alwin Lehner GmbH & Co KG, and DS Smith Plc.Each of these companies has been profiled in the rigid packaging market report on the basis of attributes such as company overview, business strategies, recent developments, financial standing, and SWOT analysis.
Global rigid packaging market, by raw material type
Others (wood, timber, pulp, paper pallets, etc.)
Global rigid packaging market, by application type
Food and beverage
Durable goods (home appliances, furniture, firearms, and toys etc)
Cosmetics and toiletries
Industrial Packaging (automotive equipments, consumer electronics, sports equipment, foot wear boxes, etc.)
Others (stationer products, jewelry boxes, etc.)
Global rigid packaging market, by geography
- North America
- Rest of Europe
- Rest of Asia Pacific
Rest of the World (RoW)
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