Rising Demand for Packaged Food Fueling Global Rigid Packaging Market at 4.50% CAGR from 2015 to 202

From: Transparency Market Research
Published: Wed Oct 14 2015

Transparency Market Research announces the release of a new research report titled "Rigid Packaging Market - Global Industry Analysis, Size, Share, Growth and Forecast 2015 - 2021". The report indicates that expanding at a 4.50% CAGR from 2015 to 2021, the global rigid packaging market is anticipated to grow from US$549.7 Bn in 2014 to US$750.5 Bn by 2021. This market is driven by the rising usage of rigid packaging in the pharmaceuticals and food and beverages industries.On the basis of raw material type, the rigid packaging market is segmented into plastics, metal, glass, paperboard, and others including timber, wood, paper pellets, and pulp. Accounting for a share of 41.20% of the overall market, plastics was the leading raw material segment and is anticipated to register a 4.30% CAGR from 2015 to 2021. Rising at a 4.70% CAGR, paperboard is projected to be the fastest growing segment by the end of the forecast period.

Browse the full Rigid Packaging Market Report at http://www.transparencymarketresearch.com/rigid-packaging-market.html

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.

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.

Get Free Sample Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=2881

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)
Latin America
Middle East

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us :-
Mr. Atil
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

Company: Transparency Market Research
Contact Name: Mr. Atil
Contact Email: sales@transparencymarketresearch.com
Contact Phone: +1-518-618-1030

Visit website »