Overview and Scope
Rigid packaging refers to packaging materials that are inflexible and maintain their shape even when they are empty. Rigid packaging is used for storing a variety of items and protecting and transporting products that require a high level of protection.
Sizing and Forecast
The rigid packaging market size has grown strongly in recent years. It will grow from $223.47 billion in 2023 to $239.9 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to material innovation, consumer preferences, globalization, e-commerce boom, supply chain efficiency.
The rigid packaging market size is expected to see strong growth in the next few years. It will grow to $307.14 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to circular economy initiatives, evolving consumer demands, climate change mitigation, customization and personalization, rise of sustainable practice, logistics optimization. Major trends in the forecast period include sustainability initiatives, innovative materials and technologies, e-commerce impact, cost efficiency and supply chain optimization, brand differentiation.
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Segmentation & Regional Insights
The rigid packaging market covered in this report is segmented –
1) By Product Type: Boxes, Trays, Containers And Cans, Bottles And Jars, Other Product Types
2) By Raw Material: Polyethylene (PE), Polyethylene Terephthalate (PET), Polystyrene (PS), Polypropylene (PP), Polyvinyl Chloride (PVC), Expanded Polystyrenes (EPs), Bioplastics, Other Raw Materials
3) By Production Process: Extrusion, Injection Molding, Thermoforming, Other Production Processes
4) By Application: Food And Beverages, Chemical Industry, Cosumer Goods, Healthcare And Pharmaceuticals, Other Applications
Asia-Pacific was the largest region in the rigid packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global rigid packaging market report during the forecast period. The regions covered in the rigid packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Growing need for environmentally friendly and sustainable packaging is expected to propel the growth of the rigid packaging market going forward. Environmentally friendly and sustainable packaging refers to packaging products and solutions that have the ability to reduce ecological impacts, preferably observed as an alternative to plastic packaging or other harmful metal packaging. Rigid packaging, such as cans, ampoules, and bottles, provides longer shelf life and excellent product protection, reducing food waste and the need for additional packaging. For instance, in 2022, according to the Ellen MacArthur Foundation, a UK-based non-profit organization aims to ensure 100% of plastic packaging is reusable, recyclable, or compostable, and to increase the share of post-consumer recycled content. Therefore, the growing need for environmentally friendly and sustainable packaging is driving the rigid packaging market.
Key Industry Players
Major companies operating in the rigid packaging market report are Amcor PLC, Reynolds Packaging, Berry Global Inc., Sonoco Products Company, Sealed Air Corporation, Silgan Holdings Inc., Plastipak Holdings Inc., Consolidated Container Company, Ball Corporation, Georgia-Pacific LLC, Crown Holdings Inc., Bemis Company Inc., Holmen AB, Mondi PLC, Amcor Group GmbH, Alpla Werke Alwin Lehner GmbH & Co KG, DS Smith PLC, Graham Packaging Company, Huhtamaki Inc., Albea Group, Pactiv LLC, Takween Advanced Industries, Al Jabri Plastic Factory, Anivive Lifesciences, Ardagh Group SA, Brambles Ltd., Grief Inc., IPL Plastics, Metals, QBiotics Group, Regeneus, SABIC, Schoeller Allibert, Torigen Pharmaceuticals, Vetropack Holding
The rigid packaging market report table of contents includes:
1. Executive Summary
2. Rigid Packaging Market Characteristics
3. Rigid Packaging Market Trends And Strategies
4. Rigid Packaging Market – Macro Economic Scenario
5. Global Rigid Packaging Market Size and Growth
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31. Global Rigid Packaging Market Competitive Benchmarking
32. Global Rigid Packaging Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Rigid Packaging Market
34. Rigid Packaging Market Future Outlook and Potential Analysis
35. Appendix
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