Industry Background:
It is paper-based packaging, which is manufactured using a paper board or containerboard. It offers safe transit and storage along with consumer convenience for product handling. It is easy to open and keep food fresh and also having a resealed system for food. The demand for rigid paper containers is increased because of the thriving e-commerce industry. And it also has some additional features such as die cut lid and magnetic closing lid.This growth is primarily driven by Increase in the Inclination of Consumers toward Sustainable Packaging, Rising Concerns over Environmental Issues and Increasing Demand for Eco-Friendly Packaging Material.
Globally, a noticeable market trend is evident Catering Is Generating Rising Need of Rigid Paper Containers. Major Vendors, such as Sonoco Products Company (United States), Smurfit Kappa (Ireland), Mondi Group plc (Austria), Cascades Inc. (Canada), Stora Enso Oyj (Northern Europe), Huhtamaki Oyj (Northern Europe), Oji Holdings Corporation (Japan), International Paper Company (United States), DS Smith plc (United Kingdom) and WestRock Company (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In Oct 2018, Sonoco Announced The Acquisition Of The Remaining 70 Percent Interest In The Joint Venture Of Conitex Sonoco, In This Contract They Produced 300,000 Tons Of Uncoated Recycles Paperboard.
In Oct 2018, Sonoco Announced Develops A New Range Of Rigid Paperboard Containers For German Breakfast Cereal Manufacturer Mymuesli, This New Packaging Solution Offers Superior Product Protection. Additionally, They Also Announced An Increase In The Price Of Rigid Paper Containers, Including All Types Of Composite Cans.
Market Drivers
- Increase in the Inclination of Consumers toward Sustainable Packaging
- Rising Concerns over Environmental Issues
- Increasing Demand for Eco-Friendly Packaging Material
Market Trend
- Catering Is Generating Rising Need of Rigid Paper Containers
Restraints
- Large Number of Market Share Covered By Plastic Containers and Major Brands Are Investing in Plastic Container
Opportunities
Beverages Manufactures Are Looking Towards Consumer Convenient Packaging Solution, Which Increase Demand for Liquid Cartons in Rigid Paper Containers Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Rigid Paper Containers Study Sheds Light on
The Rigid Paper Containers Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Rigid Paper Containers industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Rigid Paper Containers industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.