Report ID: SQMIG15G2054
Report ID:
SQMIG15G2054 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|
Tables:
126 |
Figures:
77
Asia-Pacific is dominating the rigid packaging market share in terms of revenue. This is attributable to the growing customer preference for internet shopping, rapid urbanisation, and the thriving manufacturing industry. Asia-Pacific dominates the industry due to the presence of several manufacturers of food, drinks, and personal care products. Rigid packaging market is primarily driven by the large populations and rapid economic growth of emerging nations like China and India. With products like yoghurt, sour milk products, and bottled water being supplied in rigid plastic packaging, the region's beverage and packaged food markets are expanding quickly. India has been gaining considerable traction in the rigid packaging market, particularly due to widespread beverage and food applications. The demand for rigid beverage packaging in India has increased as more people switch to bottled water as a more hygienic option to water purifiers.
North America, meanwhile, is predicted to grow significantly between 2024 and 2031 due to the existence of notable businesses, rigid packaging rules, and soaring e-commerce sales. Regulations regarding recycling and sustainability of materials in order to maintain environmental balance are triggering the demand for bioplastic packaging solutions.
Also, due to its extensive production infrastructure for packaging materials, North America is predicted to have tremendous development. There are more established companies for rigid packaging in North America and Europe, like Reynolds Group Holding, Sonoco, and Amcor Limited. The need for rigid packaging materials from the healthcare sector is likely to drive significant growth in Europe.
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Report ID: SQMIG15G2054