Global Rigid Packaging Market Continues to Expand as Major Market Leader Alpla Group acquires Amcor Limited’s plastic plant of PET bottles in India to strengthen its Foothold

 

Rigid packaging is merely lightweight pouches or bags sealed with pressure or heat seal. Probably the most obvious advantage of rigid packaging is that it is very lightweight and very durable, offering high protection against damage. The thickness of a firm package is an important factor to take into account when it comes to the advantages and disadvantages of both kinds of packaging.

High growth in the logistics and transportation sector is expected to drive growth of the global Rigid Packaging Market throughout the forecast period. The logistics and transportation sectors have witnessed massive growth in both developed and emerging economies. According to the India Brand Equity Foundation (IBEF), the Indian logistics market is expected to achieve US$ 215 billion by 2020, registering a CAGR of 10.5%. Rigid packaging is a critical element in the transportation and logistics application. It gives adequate protection & durability during transportation alongside a variety of substrates, shapes, and enhanced recycling capabilities. Thus, these factors are expected to drive growth of the global rigid packaging market throughout the forecast period. Furthermore, rapid growth of the e-commerce industry is likely to propel the global rigid packaging market growth over the forecast period. According to the U.S. Department of Commerce, e-commerce sales in the U.S. in the next quarter of 2020 reached US$ 199.4 billion. Moreover, rising consumer goods demand and improving package recycling rates are expected to boost industry growth over the forecast period.

However, rising adoption of flexible packaging materials along with fluctuating raw material prices is likely to hinder the global Rigid Packaging Market growth over the forecast period. Among regions, Asia Pacific is likely to witness significant growth in the global rigid packaging market throughout the forecast period. This is owing to a rapid expansion of the foodstuff & beverage and pharmaceutical sectors in the region. Emerging economies such as for instance India and China are likely to leaders in goods export in the region, thereby driving the regional market growth. Furthermore, North America is expected to join up a powerful growth rate over the forecast period, owing to increasing use of bioplastic as a raw material in rigid packaging, owing to stringent guidelines on carbon emission.

Key companies active in the global Rigid Packaging Market are Amcor Limited, Mondi Group, Bemis Company, RESILUX NV, Georgia-Pacific LLC, DS Smith plc, Sealed Air Corporation, Holmen AB, Reynolds Group Holdings Limited, and Berry Plastics Corporation.

For example, in September 2020, Alpla Group, a provider of plastic packaging solutions, acquired Amcor Limited's plastic plant of PET bottles in India.