Dublin, Ireland -- (SBWire) -- 01/03/2019 --Global Reclosable Rigid Containers Market: Overview

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.

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: Segmentation

The global reclosable rigid containers market can be segmented on the basis of container type as:

Bottles
Trays
Jars
Boxes
Cans
Canister
Cartons
The global reclosable rigid containers market can be segmented on the basis of lid type as:

Screw cap
Lug closure
Hinge lids
Un-hinged rigid lids
Lidding films
Dispensers
The global reclosable rigid containers market can be segmented on the basis of material as:

Plastic
Polyethylene Terephthalate (PET)
Polypropylene (PP)
Polyethylene (PE)
Others (PLA, PC, etc.)
Metals
Aluminium
Stainless Steel
Tin-plated Steel
Paperboard
Glass
The global reclosable rigid containers market can be segmented on the basis of end-user industry as:

Packaging
Food
Beverage
Healthcare
Personal care & cosmetics
Homecare
Chemical
Industrial
Automotive
Others
Retail
Food Service
Household

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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.

Global Reclosable Rigid Containers Market: Key Players

Examples of some of the key players operating in the global reclosable rigid containers market are:

Sealed Air Corporation
Coveris Group
Huhtamaki Group
Amcor Limited
DS Smith
RPC Group
Berry Global
Mondi Group

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