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 ...