Growing awareness in people about the harm of plastics to nature has motivated people to use eco-friendly and biodegradable packaging. This has increased the production cost of the plastics as well as various restrictions on the production of plastics applied by governments across the globe. Replacing containers or paper canisters or composite cans are getting popular among consumers due to various advantages of it, including recyclable, biodegradable, low cost, high strength and much more. Rigid paper containers are not made up of paper only, these are composite containers which also make use of a low amount of either plastic or metal to provide rigidity at the bottom and top of the container. The food industry is the major consumer of rigid paper containers and making use of it for sealing capability to keep the food fresh for long time period.
Rigid Paper Containers Market Dynamics
The global volume of paper packaging has reached around a couple of hundred million tons and further expected to increase in volume due to its high applicability in packaging. Various industries are developing paper packaging solutions to reduce the usage of harmful plastics. Rigid paper containers make use of recycled paper for up to 90% of its composition and significantly contributes to protecting nature. The low cost of paper makes the rigid paper containers economical. Marketing and promoting the product is one of the major function of the packaging which is done effectively with rigid paper containers due to a large surface area is available to market the product. Also, simple and economical methods of printing are applicable on it. The food industry is the major consumer of rigid paper containers. Thus, the growing demand for food packaging has propelled the rigid paper containers market. All these facts are greatly responsible for growing market demand of rigid paper containers. Various manufacturing processes such as injection moulding and blow moulding are capable of making the complete packaging in the single process. On the other hand, rigid paper containers require a set of various processes to manufacture plastic or metallic top and bottom of the container, paper side walls, binding the parts together and some other. Thus, the manufacturing of paper containers is much more time-consuming. Also, various recyclable and biodegradable polymers are now available and getting popular. These factors from supply side have restricted the use of rigid paper containers.
Paper production has increased rapidly in developing countries of Asia, while decreasing in last few years in developed regions such as North America, Western Europe, and Japan. This is due to increase in recycling of paper, up to 75% or more in some of the developed countries, and also increasing legal regulations over afforestation to save the nature. This high abundance of paper in these regions coupled with increasing food packaging demand signifies potential market for rigid paper containers in Asia Pacific, North America, and Western Europe. Africa and Latin America, on the other hand, are lower in both volumes of paper production as well as packaging demand.
Rigid Paper Containers Market Key Players
Some of the key players of the rigid paper containers market are
- Sonoco Products Company
- Coveris Holdings S.A.
- Victory Packaging, L.P.
- Archway Industries, LLC
- Can Jaya Products Packaging Sdn Bhd
- Konkan Paper Products
- Paper Tube Co.