Rigid packaging has a major role to play in the overall packaging industry. It is widely used for protecting products from physical abrasion of the content. The rigid packaging technique is also extensively used for packing highly reactive and volatile products due to its high durability.
Segmental Outline
The Rigid Packaging Market in India is segmented by material, product, and application.
By application, the market is classified into healthcare, personal care, food & beverage, consumer goods and others. The food & beverage segment can dominate the market and is projected to proliferate at the highest pace. The growing populace along with growing demand for food and beverages are factprs that can fuel the market growth. In addition, the surge in disposable income of individuals and the changing lifestyles of people are expected cast a positive influence on the market.
Regional Outlook
Regionally, the Rigid Packaging Market in India is studied for Europe, North America, Asia Pacific, and the Rest of the World (RoW). The market in the Asia Pacific region is expected to gain high revenue in the review period, followed by Europe and North America. Eminent exporter of rigid packaging tools and equipment is expected to promote the expansion of the regional market. The increase in the growth speed of industries and the increase in urban populace are expected to boost the APAC market. Moreover, the ease of availability of raw materials and their cost-effectiveness are likely to cast a positive impact on the Rigid Packaging Market in India in APAC. China accounted for the largest market share in the Asia Pacific region. North America is expected to follow the lead due to the growing use of bioplastic as a raw material for rigid packaging.
Market Key Players
MRFR listed some of the major factors that are operational in the Rigid Packaging Market in India. They are; Bemis Company, Inc. (U.S.), Amcor Limited (Australia), DS Smith Plc., (U.K), RPC Group Plc (U.K.).