Custom Rigid Boxes
According to a Transparency Market Research report, the global demand for rigid boxes is expected to rise at 3.2 percent CAGR between 2016 and 2014. This suggests that the valuation of the international rigid packaging market is likely to touch US$755.9 bn marks by 2024. Thanks to the changed lifestyle, the demand for rigid packaging is only set to increase.
The major application of custom rigid boxes is observed in chemical, food, consumer goods, healthcare, pharmaceutical, and other industries. Out of these, the food and beverages segments are anticipated to dominate the market by rising at a rate of 3.6 percent CAGR during the forecast tenure. As far as the material is concerned, the market is divided into paper, paperboard, plastic, wood, glass, and metal.