Increase in global manufacturing output, growth in consumer spending on packaged goods worldwide and increasing urban populations are key factors in for an increase in rigid packaging demand, according to a report entitled, World Rigid Packaging, from The Freedonia Group.
As per the report, emerging economies, particularly India, China and Indonesia, are expected register highest growth rates in rigid packaging, as the demand would be driven by their large food and beverage industries.
Brazil, Turkey, Russia and Mexico follow their Asian counterparts in the growth rates.
"China alone will account for 46% of global value gains in rigid packaging demand between 2011 and 2016," says the report.
Food and beverage alone accounted for the largest demand in rigid packaging, as this segment was responsible for 64% of total rigid packaging demand in 2011.
It is expected that rigid packaging demand in pharmaceutical applications will witness above-average growth, driven by expanding pharmaceutical manufacturing capabilities, particularly in Asia.