Rigid Packaging Market Worth $848.71 Billion By 2025

The global rigid packaging market size is projected to reach USD 848.71 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.7% during the forecast period. Increasing demand for sustainable packaging is expected to augment the market over the forecast period.

Packaging is a process of protecting and enclosing goods for storage, distribution, and sale. Rigid packaging is a type of packing which is characterized by high stiffness, impact strength, and barrier properties. It is offered in several forms, including jars, containers, bottles, and cans.

Raw materials required for manufacturing of rigid packing include metals, paper & paperboard, glass, and plastic. Suppliers of these materials are present worldwide, making the market fragmented. Rio Tinto and Alcoa are some of the key suppliers of metals such as aluminum, while ArcelorMittal is the largest steel manufacturer in the world.

Final products are sold by distributors, retailers, and wholesalers. Major players in this stage include Packaging Supplies Ltd., Packing Suppliers of America, Paper Mart, and Packaging Centre. Some of the manufacturers have adopted integration wherein they sell the products through exclusive outlets.

Rigid packaging accounted for over 80.0% of the total packing industry in 2016. However, flexible packing offers more advantages as compared to rigid ones such as lightweight, energy savings, small pack size, ease of transportation & storage, and convenient disposal. Hence, the flexible packing market is expected to make inroads in the rigid packaging market in the coming years.

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https://www.grandviewresearch.com/industry-analysis/rigid-packaging-market

Further Key Findings from the Report Suggest:

In terms of materials, plastics dominated the market in 2015 and it is anticipated to witness a CAGR of 6.4% in terms of volume over the forecast period
Paper & paperboard is expected to register a CAGR of 7.1% in terms of revenue during the same period. Recyclability of the material has made it the most commonly used product in the industry
The personal care application segment is anticipated to rise at a CAGR of 6.3% in terms of revenue over the coming year due to increasing demand for personal care products
Asia Pacific is estimated to post a CAGR of 7.6% in terms of revenue from 2016 to 2025 due to increasing demand from China and India
In August 2016, Berry Plastics Group, Inc. acquired AEO Industries Inc. in the U.S. This acquisition strengthened the company’s position in the North America market.

Nordic Beverage Packaging Market Size Worth $2.18 Billion By 2025

The Nordic beverage packaging market size is projected to reach USD 2.18 billion by 2025, according to a new report by Grand View Research, Inc., registering a 3.5% CAGR during the forecast period. Increasing demand for non-alcoholic beverages is one of the key factors driving the regional market.

Rapid recycling rate of end-of-life beverage packaging products in Nordic countries has been contributing to lower costs of raw material. The Nordic region recycles approximately 51.0% of its waste every year. This has been solely driven by governments in numerous countries aiming for ban on landfills. These countries follow a general deposit-based system, which involves a surcharge on any beverage product that is refunded at the time of bottle/can deposit. This has resulted in high return rate of end-of-life products that can be recycled.

Beverage bottles, made of both glass and polyethylene terephthalate (PET), are preferred principally for their elegance on shelves and for their ability to hold greater product quantities compared to other beverage packaging solutions such as cans and pouches. PET bottles have been extensively used in Nordic countries for bottling beverages in order to increase the shelf appeal of beverages.

Sweden was the largest market for beverage packaging in 2017, and this trend is expected to continue over the forecast period. The market in this country is expected to witness stable growth over the forecast period owing to rising number of microbreweries in the region. In addition, the government of Sweden has recognized potential sustainability gains associated with plastic recycling. This development is expected to lead to growth of the bioplastic segment over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/nordic-beverage-packaging-market

Further key findings from the report suggest:

By product, the revenue bottles & jars segment is anticipated to reach USD 660.4 million by 2025. It is poised to post a CAGR of 3.5% during the forecast period
In terms of material, the plastic segment is expected to witness steady growth over the forecast period owing to increasing demand for non-alcoholic beverages in the region
On the basis of application, the non-alcoholic beverage packaging segment is anticipated to reach a market size of USD 1.16 billion by 2025, owing to increasing demand for packing of end products such as smoothies, mocktails, and juices
Some of the key companies present in the market are Amcor Limited; Mondi Plc; COVERIS; Bemis Company, Inc.; Ball Corporation, Tetra Laval International S.A, Stora Enso; and Crown Holdings, Inc.
Product innovation and technological advancements are two key areas of investment for major companies to sustain in the industry.

Kaolin Market Size Worth $6.28 Billion By 2027

The global kaolin market size is expected to reach USD 6.28 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.5% from 2020 to 2027. The increasing popularity of high-grade kaolin within the cosmetics industry is anticipated to propel the growth of the market space over the forecast period.

The use of kaolin in the cosmetics industry has witnessed steady growth over the last few years. As per cosmetics industry experts, the absorbent properties exhibited by kaolin proved to be a key factor in the wide adoption of the product within this application segment. In addition, increasing consumer awareness pertaining to the use of natural ingredients, especially in cosmetic creams and lotions, propelled the adoption of kaolin in the global cosmetics market space.

The emergence of COVID-19 in the first quarter of FY 2020 has directly impacted the construction activities. The slowdown in the construction sector is projected to indirectly influence the dynamics of the global market space. The imposition of lockdown by many countries around the globe have stalled construction activities and caused a severe economic impact. The kaolin expansion projects initiated by market vendors at the start of 2019 have been stalled due to the scarcity caused by the emergence of COVID-19.

Despite the current downturn in economic conditions, the futuristic opportunities for marketspace look lucrative with larger demand coming from ceramics application. An increase in ceramics production is anticipated to positively influence the apparent consumption of the product over the forecast period. Wider adoption of ceramics, especially in décor and interior design, is likely to boost its prospects over the predicted timeline.

Most of the players in the market are focused on devising strategies to limit economic exposure caused due to the breakout of the pandemic and the subsequent slowdown in the demand for the product from key application segments. The market participants are inclined towards maintaining positive liquidity in order to sustain themselves during these unprecedented times.

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https://www.grandviewresearch.com/industry-analysis/kaolin-market

Further key findings from the report suggest:

The paper application segment led the market and held over 37.0% share of the global revenue in 2019 owing to increasing demand for paper boards from the packaging industry
The ceramics application segment is projected to expand at a CAGR of 4.9% in terms of revenue over the forecast period owing to increasing production of ceramic tiles to meet the growing demand from the construction industry, especially in the U.S., China, and India
The cosmetics application segment accounted for a volume share of 1.1% in 2019 and is expected to emerge as one of the fast-growing segments in terms of volume over the forecast period. The growth is attributed to increasing consumer disposable income, along with the rising demand for skincare products
Asia Pacific is anticipated to expand at the fastest CAGR in terms of volume as well as revenue over the forecast period, owing to the wide adoption of kaolin within the regional supply chain of the ceramics manufacturing marketspace
Europe is expected to register a CAGR of 2.3% in terms of volume over the forecast period. The economic disaster triggered by the breakout of the pandemic is likely to restrain the market growth in the region.

Pouches Market Size Worth $53.9 Billion By 2027

The global pouches market size is expected to reach USD 53.9 billion by 2027, expanding at a CAGR of 5.5%, according to a new report by Grand View Research, Inc. Rising demand for low-cost, convenient, shelf appealing, and lightweight packaging by end-use industries, including food and beverages, healthcare, personal care and cosmetics, and home care, is likely to fuel market growth.

Pouches demand lesser material, energy, and water during their manufacturing and thus prove to be significantly less expensive than rigid packaging solutions. In addition, lightweight and flexibility attribute for their lower transportation cost, due to which Consumer Products (CPG) companies are increasingly opting pouches over rigid tubes, containers, and boxes.

Flat pouches occupy lesser space in retail outlets and can be easily stacked upon each other; thus, more products can be displayed as compared to other packaging types. Furthermore, standup pouches on retail shelves prove to be more appealing to the consumers, and the packaging format also has a higher surface area on which high-quality graphics are printed, owing to which the product type easily grabs customer attention in retail outlets as compared to bottles and boxes.

Various closures such as a zipper, spout, and tear notch are utilized in pouches, which provide convenience in pouch opening and closing. In addition, the product is usually made up of plastic composite films, paper, and aluminum laminates that provide a strong barrier against moisture, light, odor, and bacteria due to which food and beverages are increasingly offered in the packaging.

The increasing demand for packaged food and beverage products and growing on the go food consumption trend owing to the changing lifestyle is expected to augment growth to the market in the forecast period.

In addition, due to features including portability and lower product weight, pouches are preferred packaging format for baby food products. The increasing working women population across the world is principally driving the demand for packaged baby food, which in turn expected to benefit the market over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/pouches-market

Further key findings from the study suggest:

The food and beverage end-use segment accounted for a share of 55.3% in terms of revenue in 2019, owing to its wide scale incorporation of the product for the packaging of dairy, snacks, sauces, confectionery, beverages, and other food products
The aseptic treatment type segment is anticipated to witness a CAGR of 6.4% from 2020 to 2027 and is projected to reach USD 10.6 billion in 2027. Aseptic treatment type ensures that the product is free from bacteria and eliminates the need of refrigeration and thus proves to be cost-efficient
The stand-up type segment is expected to witness a highest CAGR of 6.3% from 2020 to 2027. Growing adoption of stand-up product type due to their marketing advantages and convenience of use are attributing to the growth of the segment
In Asia Pacific, the market is estimated to witness a CAGR of 6.5% from 2020 to 2027 on account of rapid growing packaged food industry and rising penetration organized retail
The market is highly fragmented with the presence of a large number of domestic as well as global players. key players are adopting merger and acquisition strategies to expand their manufacturing capabilities and geographical footprints.

Food Packaging Market Worth $456.6 Billion By 2027

The global food packaging market size is expected to reach USD 456.6 billion by 2027, expanding at a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc.. Growing demand for convenience food products due to change in lifestyle and alternative eating habits is expected to bolster the market growth.

The industry exhibits rapid growth for single-serve and portable food packs. Increasing purchasing power of buyers owing to rising per capita income is expected to boost the growth. Furthermore, increasing urban population and attraction toward ready-to-eat meals by consumers is expected to spur the demand for food packaging.

Rising concerns of consumers regarding contamination and food safety is predicted to bolster the demand for effective packaging solutions. In addition, increasing number of retail chains is anticipated to propel sales of packaged food, consequently driving the market growth. Surge in demand for food delivery services is also expected to have a positive impact on the industry.

Rising inclination toward innovation in environment-friendly and sustainable packaging is an emerging trend in the industry. Emergence of new and innovative packing types and technologies including Modified Atmosphere Packaging (MAP), active packaging, and, printing technologies are expected to boost the market across the globe. Players also insist on investing in development of cost-effective, lightweight, and high performance materials.

The food packaging industry is expected to be restrained by high volatility observed in prices of raw materials. In addition, introduction of sustainable packaging materials by major manufacturers and increasing consumption by buyers, are expected to provide an impetus to the market over the next few years.

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https://www.grandviewresearch.com/industry-analysis/food-packaging-market

Further key findings from the report suggest:

Flexible packaging is expected to register the highest CAGR of 6.0% in terms of revenue from 2020 to 2027, owing to its cost-effectiveness, high performance, and constant innovations undertaken by major manufacturers
Paper and paper-based packaging is estimated to be the fastest growing segment, exhibiting a CAGR of 6.1% from 2020 to 2027, owing to its low cost and sustainability parameters
Bakery and confectionary is anticipated to be the largest application, which recorded a market size of USD 82.6 billion in 2019 owing to growing demand for cakes, candies, and frozen ready-to-eat bakery products
The market in Asia Pacific is was worth USD 112.2 billion by in 2019. The region is anticipated to witness significant growth in near future on account of growing population, increasing urbanization, and rising disposable income of consumers
The food packaging industry is characterized by the presence of large number of players and is highly fragmented. Some of the key players in the market are Amcor Plc., Ball Corporation, Berry Plastic Group, and DS Smith PLC.

Rigid Packaging Market Worth $848.71 Billion By 2025

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https://www.grandviewresearch.com/industry-analysis/rigid-packaging-market

Further Key Findings from the Report Suggest:

In terms of materials, plastics dominated the market in 2015 and it is anticipated to witness a CAGR of 6.4% in terms of volume over the forecast period
Paper & paperboard is expected to register a CAGR of 7.1% in terms of revenue during the same period. Recyclability of the material has made it the most commonly used product in the industry
The personal care application segment is anticipated to rise at a CAGR of 6.3% in terms of revenue over the coming year due to increasing demand for personal care products
Asia Pacific is estimated to post a CAGR of 7.6% in terms of revenue from 2016 to 2025 due to increasing demand from China and India
In August 2016, Berry Plastics Group, Inc. acquired AEO Industries Inc. in the U.S. This acquisition strengthened the company’s position in the North America market.

Food Packaging Market Worth $456.6 Billion By 2027

Click the link below:
https://www.grandviewresearch.com/industry-analysis/food-packaging-market

Further key findings from the report suggest:

Flexible packaging is expected to register the highest CAGR of 6.0% in terms of revenue from 2020 to 2027, owing to its cost-effectiveness, high performance, and constant innovations undertaken by major manufacturers
Paper and paper-based packaging is estimated to be the fastest growing segment, exhibiting a CAGR of 6.1% from 2020 to 2027, owing to its low cost and sustainability parameters
Bakery and confectionary is anticipated to be the largest application, which recorded a market size of USD 82.6 billion in 2019 owing to growing demand for cakes, candies, and frozen ready-to-eat bakery products
The market in Asia Pacific is was worth USD 112.2 billion by in 2019. The region is anticipated to witness significant growth in near future on account of growing population, increasing urbanization, and rising disposable income of consumers
The food packaging industry is characterized by the presence of large number of players and is highly fragmented. Some of the key players in the market are Amcor Plc., Ball Corporation, Berry Plastic Group, and DS Smith PLC.

Packaged Milkshakes Market Size Worth $365.0 Million By 2025

The global packaged milkshakes market size is expected to reach USD 365.0 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.3% over the forecast period. Growing health consciousness among young consumers, coupled with its essential nutritional content such as vitamin and protein, is expected to propel the market growth in the forecast period.

Based on packaging material, the paper segment dominated the market, accounting for 37.2% share of the overall revenue in 2018. Low packaging cost associated with it makes it favourable for the manufacturers. High demand for tetra packs has driven the market for paper as a packaging material. Apart from paper, the glass segment is expected to witness significant growth in the forecast period. The salient features including non-reactiveness of the product keep the milkshake safe for a longer life, thus fuelling the market demand for the segment.

Chocolate flavor accounted for the largest share of 39.2% in 2018. Health benefits associated with it makes it the most preferred flavor among the health conscious young consumer groups. Along with the health benefits, chocolate flavor milkshake is widely accepted by the younger age groups, which is expected to drive the segment in the forecast period.

Asia Pacific led the industry for packaged milkshake and accounted for 32.0% share of the global revenue. China is found to be the fastest growing market in APAC with a CAGR of 6.4% in the forecast period. Presence of leading market players, along with interactive advertisements, has led to the market growth in the region. Apart from APAC, MEA is found to be the fastest growing region due to hot and humid climatic conditions and growing corporate sector in countries such as Dubai.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/packaged-milkshakes-market

Further key findings from the report suggests:

In terms of revenue, chocolate flavor led the packaged milkshakes market and accounted for the largest share of 39.2% in 2018
Paper is among the most preferred packaging materials and it accounted for 37.2% share of the global revenue in 2018
MEA is the fastest growing region for packaged milkshake and is expected to expand at a CAGR of 7.2% due to rapid urbanization and growing commercial sector.

U.S. Pigment Dispersion Market Size Worth $7.08 Billion By 2025

The U.S. pigment dispersion market size is expected to reach USD 7.08 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 4.6% during the forecast period. Pigment dispersions are insoluble coloring agents used to impart color to various materials and can be classified into organic and inorganic types. Various pigment dispersions are available in the market and their choice depends on specific applications desirable in end-use industries.

Pigment dispersions contain at least one chemical compound, which absorbs and reflects light in order to impart color to various substrates used. Inorganic pigments constitute titanium dioxide, iron oxide, chrome green, ultramarine blue, carbon black, and others. Inorganic pigments are the widely preferred in various end-use industries as they are abundantly available and inexpensive. However, some inorganic pigments such as lead chromate are considered hazardous upon consumption.

Among inorganic pigments, titanium dioxide is widely used for imparting white color to food packaging materials such as plastic, paper, and paperboard. Though titanium dioxide and iron oxide are synthetically produced, they are considered non-toxic in many food substance contact applications.

Demand for pigment dispersions is growing on account of increasing food processing industries for aesthetic packaging material as well as rising use of plastic, paper, and paperboard materials in food packaging.

To tap into the existing growth potential, various manufacturers such as BASF Corporation, The Chemours Company, and Tronox Limited have strengthened their presence in the market. Manufacturers such as Lanxess Corporation USA and BASF Corporation are offering a diverse range of pigments that impart yellow, red, and green color to plastic and paper packaging materials.

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https://www.grandviewresearch.com/industry-analysis/us-pigment-dispersion-market

Further key findings from the report suggest:

Titanium dioxide is the most commonly used white inorganic pigment in U.S. It is a white powder used in various applications such as plastics, paints and coatings, paper, printing inks, and automotive products, which require brightness and high opacity properties. In terms of revenue, titanium dioxide is expected to exhibit a CAGR of 4.4% from 2017 to 2025
Iron oxide is the second largest segment, accounting for a volume share of 31.69% in 2016. Demand for the same is expected to continue increasing over the forecast period
Inorganic pigments are employed in food packaging applications, specifically in plastic and paper and paperboard packaging. Inorganic pigments in the plastic industry accounted for a revenue share of 27.22% in 2016
Optical properties such as high opacity, tinting strength, and color imparting are of key importance to pigments used in the paper industry. Standard papers require low opacity and whiteness, whereas decorative papers require high opacity and weathering properties.

Kaolin Market Size Worth $5.66 Billion By 2027

The global kaolin market size is projected to reach USD 5.66 billion by 2027, expanding at a 3.3% CAGR based on revenue, over the forecast period, according to a new report published by Grand View Research, Inc. Kaolin is used as a filler or a coating material and hence, rising demand for paper from the packaging industry is likely to propel the growth.

Kaolin in paper products enhance smoothness and appearance, increase brightness and printability, and reduce abrasion. Paper, being an eco-friendly and easily recyclable solution, is widely used in industries such as packaging and print media in the form of paper boards and gloss papers. Rising awareness along with stringent regulations regarding environmental pollution caused by non-biodegradable packaging is likely to drive the demand for paper packaging, which in turn is anticipated to augment market growth in the forthcoming years.

However, downturn in paper sector of North America region is expected to restrain growth of the kaolin market over the forecast period. Continuous shift toward digital media platforms for news, advertisements, and marketing has adversely affected the demand for newsprint media in North America over the past few years. In addition, availability of efficient substitutes, such a Ground Calcium Carbonates (GCC) and Precipitated Calcium Carbonates (PCC) that can replicate the properties of kaolin at a lower cost may hinder the product demand to a certain extent.

In Asia Pacific, factors such as expanding population and rising consumer standard of living are anticipated to increase the need for houses, thus propelling the construction industry. The rising construction industry directly impacts the growth of the ceramic industry. According to the Ceramic World Web, in 2018, the regional ceramic tile production accounted for 68.6% of the global production. The high regional production of ceramic tiles is anticipated to drive the demand for kaolin in the forthcoming years.

BASF SE, Imerys S.A., KaMin LLC, LB MINERALS Ltd., Sibelco N.V., and Thiele Kaolin Company are the key market players. Most of the players focus on increasing the kaolin prices to ensure long term business sustainability. The kaolin manufacturers increased in prices by 5% to 9% in 2018 for different applications. For instance, in August 2018, BASF SE increased kaolin prices by 5% for paper and thermal applications.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/kaolin-market

Further key findings from the report suggest:

Paper segment is anticipated to expand at a CAGR of 2.6%, in terms of revenue over the forecast period owing to the increasing demand for paper boards from the packaging industry
Ceramics is projected to witness a CAGR of 4.0% in terms of volume over the forecast period owing to increasing production of ceramic tiles to meet the rising demand from the construction industry, especially from U.S, China, and India
Cosmetics is among the segments witnessing rapid growth, in terms of volume, over the forecast period and accounted for a market share of 1.1% in 2019. The growth is attributed to the increasing consumer disposable income along with the rising demand for skin care products
Asia Pacific is anticipated to expand at a CAGR of 3.5% in terms of volume over the forecast period owing to the rising demand for kaolin-based products from construction, automotive, and packaging industries
Europe is expected to witness a CAGR of 2.7% in terms of revenue over the forecast period as it is among the largest regions for the paper industry and ceramics industry