Around two-third of the revenue generated by the packaging industry, which was valued at around US$ 900 Billion in 2017, is obtained with the sale of rigid packaging. Also, lids and closures play a crucial role in maintaining the integrity of the product, and thus majority of the rigid containers in the market are reclosable rigid containers. Furthermore, the developments introduced in lids and closures have propelled the demand for reclosable rigid containers over open containers or rigid containers with one-time open lids.
The reclosable rigid containers market is estimated to perform well in the developing countries of Asia Pacific and Latin America, while witness stagnant growth in the developed countries of North America and Western Europe. Intolerance towards plastic materials is projected to hamper the growth of the reclosable rigid containers market.
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Global Reclosable Rigid Containers Market: Dynamics
Not only food, beverage and pharmaceutical products need the packaging solutions to maintain the integrity of the product, but also the personal care & cosmetics and chemical products have similar requirement, leading to significant penetration of reclosable rigid containers market in majority of the industries. Developments in the closure and lidding solutions, specifically reclosable lidding films and dispenser systems are expected to drive the growth of the reclosable rigid containers market. Plastic materials have high penetration in reclosable rigid containers due to high availability and low manufacturing cost.
On the other hand, the intolerance towards plastic materials, legislative regulations imposed to limit the usage of conventional plastics and gradually rising prices for conventional plastics are factors expected to hamper the growth of the reclosable rigid containers market. Preference for re-sealable flexible packaging solutions over reclosable rigid containers is also expected to restrain the growth of the reclosable rigid containers market.
Moreover, increasing consumer preference towards unit dose packaging which do not require reclosable closure solution, is the prominent barrier for the global reclosable rigid containers market. Bottles are the non-replicable packaging solution for liquid products, and is estimated to be a large segment among all the container types in the reclosable rigid containers market, and is further projected to witness strong growth during the forecast period.
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Global Reclosable Rigid Containers Market: Regional Outlook
The developed countries of North America, Western Europe and Asia Pacific have shown high adoption rate towards innovative packaging solutions as compared to the adoption rate observed in the MEA, Latin America and Eastern Europe. Thus, the innovations introduced in the reclosable rigid containers have driven the market in the large packaging markets such as North America, Western Europe and Asia Pacific. Development and rapidly rising production of bio-based plastic materials in Latin America and Asia Pacific is projected to propel the growth of the reclosable rigid containers market in the regions by replacing conventional plastics for manufacturing reclosable rigid containers. The reclosable rigid containers market is also dependent on the performance of the retail sector in each region.
The reclosable rigid containers market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The reclosable rigid containers market report provides in depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The reclosable rigid containers market report also maps the qualitative impact of various market factors on market segments and geographies.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
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Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.