November 24, 2020

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Analysis on Impact of COVID-19-Technavio Evaluates the Impact of the Growing Demand for Glass Packaging and the Increasing Demand for Rigid Plastic Packaging in its Rigid Packaging Market Analysis

LONDON--(BUSINESS WIRE)--#GlobalRigidPackagingMarket--The rigid packaging market is likely to experience steady growth because of the growing demand for glass packaging and increasing demand for rigid plastic packaging. Rising at a CAGR of over 5%, the market is estimated to have an incremental growth of USD 107.14 billion by 2024. Download Free Sample Report A Technavio analyst says, "The extension of containment efforts caused by the spread of COVID-19 have resulted in increased demand and reduced production. This is leading to elevated prices, thereby resulting in an improved topline growth of market players" Technavio’s recent analysis of the rigid packaging market, includes a detailed examination of its revenue forecasts, including market drivers and challenges, key market participants, and growth opportunities. The study segments the markets in APAC, Europe, North America, South America, and MEA, geographically. The APAC region is expected to have a market share of 39%. This growth can be attributed to an increased demand for biodegradable rigid plastic packaging. For further information on this analysis, please visit: https://www.technavio.com/report/rigid-packaging-market-industry-analysis An increase in demand for flexible packaging and the growing constraints in production capacity expansion might hamper market growth. However, rising technological innovations will positively influence the growth of the global rigid packaging market. Technavio’s analysis of the rigid packaging market also includes: CAGR of the market during the forecast period 2020-2024 Detailed information on factors that will drive the rigid packaging market growth during the next five years Precise estimation of the rigid packaging market size and its contribution to the parent market Accurate predictions on upcoming trends and changes in consumer behavior The growth of the rigid packaging market industry across APAC, Europe, North America, South America, and MEA A thorough analysis of the market’s competitive landscape Comprehensive details of factors that will challenge the growth of rigid packaging market vendors Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected]: www.technavio.com

LONDON–(BUSINESS WIRE)–#GlobalRigidPackagingMarket–The rigid packaging market is likely to experience steady growth because of the growing demand for glass packaging and increasing demand for rigid plastic packaging. Rising at a CAGR of over 5%, the market is estimated to have an incremental growth of USD 107.14 billion by 2024. Download Free Sample Report


A Technavio analyst says, "The extension of containment efforts caused by the spread of COVID-19 have resulted in increased demand and reduced production. This is leading to elevated prices, thereby resulting in an improved topline growth of market players"

Technavio’s recent analysis of the rigid packaging market, includes a detailed examination of its revenue forecasts, including market drivers and challenges, key market participants, and growth opportunities. The study segments the markets in APAC, Europe, North America, South America, and MEA, geographically. The APAC region is expected to have a market share of 39%. This growth can be attributed to an increased demand for biodegradable rigid plastic packaging.

For further information on this analysis, please visit: https://www.technavio.com/report/rigid-packaging-market-industry-analysis

An increase in demand for flexible packaging and the growing constraints in production capacity expansion might hamper market growth. However, rising technological innovations will positively influence the growth of the global rigid packaging market.

Technavio’s analysis of the rigid packaging market also includes:

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive the rigid packaging market growth during the next five years
  • Precise estimation of the rigid packaging market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the rigid packaging market industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape
  • Comprehensive details of factors that will challenge the growth of rigid packaging market vendors

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]
Website: www.technavio.com

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