30% in the forecast horizon. On the other hand, the segment of paperboard is anticipated to be the most swiftly developing segment and is expected to expand at a CAGR of 4. On the other hand, the segment of pharmaceuticals is expected to exhibit a CAGR of 5.5 bn by 2021.A new Transparency Market Research report states that the global rigid packaging market stood at US$577.30% CAGR between 2015 and 2021. Durable goods include firearms, toys, furniture, and home appliances. The others segment includes jewelry boxes, stationery products, etc.50% from 2015 to 2021. On the basis of raw material, the market is segmented into metals, paperboard, plastics, glass, and others including timber, wood, Blowing mould paper pallets, and pulp, etc.70% in the forecasting horizon In terms of application, the market is segmented into pharmaceuticals, food and beverages, cosmetic and toiletries, durable goods, industrial packaging, and others. Get Free Sample Report Copy : . As per the report, factors such as the need for extension of the shelf lives of a variety of food products and the increasing demand from the pharmaceutical sector are fuelling the market for rigid packaging. The industrial packaging segment is further segmented into consumer electronics, automotive equipment, footwear boxes, sports equipment, etc. In addition, the rising demand for convenience food in emerging countries and the cost-friendly nature of plastic packaging is also stimulating the demand for rigid packaging. It is predicted to expand at a CAGR of 4. The title of the report is “Rigid Packaging Market – Global Industry Analysis, Size, Share, Growth and Forecast 2015 – 2021”. On the other hand, the strict government regulations posed in a number of countries on the usage of rigid packaging may impede the growth of the market in the coming years.40% in the forecast horizon and will be the most swiftly growing segment in forthcoming years.20% share in the rigid packaging market and is predicted to expand at a 4. Amongst these, the segment of plastics constituted a 41. Amongst these, the segment of food and beverages led the market and is predicted to exhibit a CAGR of 4.3 bn in 2015 and is predicted to reach US$750.
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