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Global Rigid Industrial Packaging Market Projected to Witness a Measurable Downturn; COVID-19 Outbreak Remains a Threat

Rigid industrial packaging has been gaining rising momentum in a number of commercial sectors owing to its enhanced protective capabilities against harsh environmental factors. FMI's study opines that fast-paced industrialization and increasing demand for chemicals and pharmaceuticals continue to influence the growth prospects of rigid industrial packaging market.<br><br>

vijaykundekar
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Global Rigid Industrial Packaging Market Projected to Witness a Measurable Downturn; COVID-19 Outbreak Remains a Threat

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  1. Rigid Industrial Packaging Market to Face a Significant Slowdown in 2029, as COVID-19 Sets a Negative Tone for Investors April 2020 Report Id : REP-GB-10086 Published On : 26-july-2019 Category : Packaging www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved

  2. About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solution for our client. Research Capabilities Sector Coverage             Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Syndicated Research Investment Research Social Media Research Subscription Information For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 2 © 2019 Future Market Insights, All Rights Reserved

  3. Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 FMI formulates a detailed discussion guide to conduct expert and industry interviews     Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research       Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 FMI conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection      Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research # Secondary Research # Paid Publications#           Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 FMI delivers industry insights and information in the required format (PDF) Insights   # includes sources of databases www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 3 © 2019 Future Market Insights, All Rights Reserved

  4. Rigid Industrial Packaging Market Analysis Rigid industrial packaging recorded a volume sale of ~1.85 billion units, equating a value of ~US$ 26 billion in 2018, as per the latest report published by Future Market Insights (FMI). Rigid industrial packaging has been gaining rising momentum in a number of commercial sectors owing to its enhanced protective capabilities against harsh environmental factors. FMI's study opines that fast-paced industrialization and increasing demand for chemicals and pharmaceuticals continue to influence the growth prospects of rigid industrial packaging market. Manufacturers Capture Opportunities Arising from Chemical Industry According to the study, one of the important growth drivers is an increase in inter- continental trade activities, which necessitate newer industries – such as bio-chemical, food grade ingredient, and processed food – to use rigid industrial packaging format. Furthermore, the market remains heavily dependent on four key end-use industries including chemicals & solvent, food & beverage, oil & lubricants, and automotive. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved

  5. Rigid Industrial Packaging Market Analysis The study opines that high demand for steel drums, pails, and rigid intermediate bulk containers (IBCs) from chemicals & solvent industry continue to influence the growth strategies. Additionally, manufacturers are focused on increasing the production of plastic drums and bulk boxes to capitalize on rapidly expanding automotive and food & beverage industries. Despite the cloud swirling around the ill effects of plastic, manufacturers continue to use plastic as a convenient material for rigid industrial packaging, owing to technical and operational advantages and lower costs as compared to metals. Accounting for ~50% revenue share in 2018, sales of rigid containers made up of plastic are likely to witness significant growth in the future, backed further by the lightweight property and advances in technologies of polymer processing. However, low degradability of plastic will remain a key concern among manufacturers as well as end users. As per the study, reuse of containers is gaining ground in the rigid industrial packaging space, and to align with the current trends, manufacturers are placing more focus on R&D activities and innovations to increase the efficiency of products and maximize repeat use. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved

  6. Rigid Industrial Packaging Market Analysis The trend of customization has also been noticeable in the market, as manufacturers are inclining towards offering products that meet end users' specific requirements. Growth prospects of the rigid industrial packaging, as identified by the FMI study, are high in East Asia, representing a revenue share of 50% in 2018. An exponential rise in manufacturing activities in the region along with expansion of F&B industry has surged the demand for safe and contamination-proof packaging. Favorable government policies on intercontinental trade activities along with increasing number of OEMs will continue to create opportunities for market players in East Asia. The study identifies restraints that could possibly hamper the growth of the rigid industrial packaging market. Rapid emergences of new companies from developing countries, catering to the needs of local customers at reasonable costs, are likely to squeeze the global player's margin in the market. These players are further under the pressure from end users to reduce the overall costs. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved

  7. Rigid Industrial Packaging Market Analysis The business intelligence highlights the competitive landscape in the rigid industrial packaging market, by conducting a thorough analysis on the key growth strategies of the market players. Acquisitions and partnerships with local players remain a strategic focus area of key stakeholders for enhanced global footprint. Request for covid19 Impact Analysis: https://www.futuremarketinsights.com/covid19/rep- gb-10086 This study tracks growth of the global rigid industrial packaging market from 2019 to 2029. The global rigid industrial packaging is likely to spectate a steady rise at 4.5% value CAGR over the course of the forecast period, according to FMI's projections. Source Link: https://www.prnewswire.com/news-releases/rigid-industrial-packaging- market-is-expected-to-grow-at-a-cagr-of-4-during-the-forecast-period-2019-to-2029-- future-market-insights-300893900.html www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved

  8. Rigid Industrial Packaging Market Analysis More from Future Market Insights Packaging Market Intelligence: • Egg Packaging Market • Poly coated Kraft Paper Market • Feminine Care Pouch Film Market About Us Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 8 © 2019 Future Market Insights, All Rights Reserved

  9. Rigid Industrial Packaging Market Analysis Contact Us Mr. Abhishek Budholiya 616 Corporate Way, Suite 2-9018 Valley Cottage, NY 10989 United States T: +1-347-918-3531 F: +1-845-579-5705 T (UK): + 44-(0)-20-7692-8790 Sales: sales@futuremarketinsights.com Press Office: Press@futuremarketinsights.com Future Market Insights Click here to Order a free sample For more insights on the Rigid Industrial Packaging Market, you can request a report sample with full TOC www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 9 © 2019 Future Market Insights, All Rights Reserved

  10. To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Hari. T (Sr. Manager - Global Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Future Market Insights Global & Consulting Private Limited (FMI) Thank You www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 10 © 2019 Future Market Insights, All Rights Reserved

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