Rigid Paper Containers Market Size by Board Type, Product Type, End-Use Industry and Region - Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2029
Overview
Rigid Paper Containers Market is expected to grow at a CAGR of 5% during the forecast period. Global Rigid Paper Containers Market is expected to reach US$ 23.27 Bn by 2029.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Rigid Paper Containers Market Dynamics:
Key factors probable to drive the growth of the global rigid paper containers market is the increasing demand for eco-friendly packaging material. As well as, increasing disposable income, rising population, rising food and beverage expenditure, growing awareness reading environment effects are among some other factors anticipated to drive the growth of the global rigid paper containers market over the forecasted period.
Moreover, increasing government initiatives and laws regarding paper usage, increasing demand for ready-to-go food and beverages, growing consumer demands, and the need for convenient packaging are among some other factors projected to increasing demand for the market over the forecast period. However, the high cost of rigid paper containers as compared to conventional paper is anticipated to hinder the growth of the global rigid paper container market to a certain extent.
Rigid Paper Containers Market Segment Analysis:
In terms of the end-use industry, the demand for corrugated sheets in the rigid paper containers market is at its peak, because of the booming e-commerce industry. This is expected to drive the growth of the global rigid paper container market. Manufacturers are using corrugated boxes to ensure minimal damage to the packed product during transport and storage, which has resulted in augmented consumption of rigid paper containers in the automotive sector. As the trend of on-the-go food & beverages is gaining traction, the demand for trays and clamshells has seen a meteoric rise in the North America and Europe rigid paper container markets, due to the urban and fast-paced lifestyle.
Rigid Paper Containers Market Regional Insights:
North America is anticipated to dominate the global rigid paper containers market, because of growing food and beverage expenditure in countries in the region. In contrast, the market in the Asia Pacific is projected to be a developing market for the global rigid paper containers market and is probable to register the highest CAGR during the forecasted period, on account of rising demand for rigid paper containers from the food and beverages sector in the region. Besides, the markets in Europe, Latin America, and Middle East & Africa are estimated to register moderate growth in the global rigid paper containers market over the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding global rigid paper container market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
Rigid Paper Containers Market, Key Highlights:
• Global market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global market
• Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global market are also profiled.
Scope of the Global Rigid Paper Containers Market Report: Inquire before buying
| Global Rigid Paper Containers Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2017 to 2022 | Market Size in 2022: | US $ 16.54 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 5% | Market Size in 2029: | US $ 23.27 Bn. |
| Segments Covered: | by Board Type | • Paperboard • Containerboard |
|
| by Product Type | • Boxes • Tubes • Trays • Liquid Cartons • Clamshells |
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| by End-Use Industry | • Bags & Pouches • Sacks • Envelopes • Corrugated Sheets • Composite Cans • Cartons • Others |
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Rigid Paper Containers Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Rigid Paper Containers Market, Key Players are:
• Sonoco Products Company
• Mondi Group plc
• Cascades Inc.
• Stora Enso Oyj
• Huhtamaki Oyj
• Oji Holdings Corporation
• International Paper Company
• DS Smith plc
• WestRock Company
• Stora Enso,
• Holmen AB
• MeadWestvaco Corporation,
• BASF SE
• Amcor Limited
• Berry Plastics
• The Dow Chemical Company
• Reynold Group Holdings Limited
• Sealed Air Corporation
• RESILUX NV.
• Smurfit Kappa Inc.
Frequently Asked Questions:
1. Which region has the largest share in Global market ?
Ans: North America region held the highest share in 2022.
2. What is the growth rate of Global market ?
Ans: The Global Rigid Paper Containers Market is growing at a CAGR of 5% during forecasting period 2023-2029.
3. What is scope of the Global market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global market ?
Ans: The important key players in the Global market are – Sonoco Products Company, Mondi Group plc, Cascades Inc., Stora Enso Oyj, Huhtamaki Oyj, Oji Holdings Corporation, International Paper Company, DS Smith plc, WestRock Company, Stora Enso,, Holmen AB, MeadWestvaco Corporation,, BASF SE, Amcor Limited, Berry Plastics, The Dow Chemical Company, Reynold Group Holdings Limited, Sealed Air Corporation, RESILUX NV., Smurfit Kappa Inc.
5. What is the study period of this Market?
Ans: The Global market is studied from 2022 to 2029.