Rigid Packaging Industry Growth, Demand and Forecast Report To 2014 - 2025
The global rigid packaging market size is projected to reach USD 848.71 billion by 2025, according to a new report by Radiant insights, inc. Growing food & beverage industry is expected to be the key driver promoting growth over the forecast period. The rigid packaging market is segmented on the basis of material into plastic, metal, paper & paperboard, glass, bioplastic. Advantages of plastic such as flexibility, durability, and cost effectiveness made it the most popular material in 2015. Food & beverage accounted for the largest share of over 50% by value in 2015, in the application segment. Thisis due to growing demand for packaged food throughout the world. Besides, growing beverage industry,led by products as liquor and energy drinks, has resulted in increased demand for rigid packaging. Asia Pacific, which is driven by growing demand for rigid packaging products from emerging countries, dominated the industry in 2015. Growing personal care and pharmaceuticals in...