USD 206.3 billion
Rigid Packaging Market Size, Share, Growth Analysis, By Material (Plastic, Metal), By Product (Bottles & Jars, Trays & Clamshells), By Application (Food, Beverages, Pharmaceutical & Healthcare), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15G2054 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
126
|Figures:
77
Rigid Packaging Market Insights
Rigid Packaging Market size was valued at USD 369.21 Billion in 2023 and is poised to grow from USD 382.5 Billion in 2024 to USD 510.02 Billion by 2032, growing at a CAGR of 3.6% during the forecast period (2025-2032).
Many industries, such as those in the food and beverage, electronics, personal care, and pharmaceutical sectors, use rigid packaging. One of the largest industries using rigid packaging is the food and beverage industry. Growing demand for convenience and ready-to-eat food products, an increase in food retail outlets, and new product releases are projected to significantly boost market growth during the ensuing years. Apart from the rising demand from the food and beverage packaging industry, rising improvements in packaging recycling rates and declining cost of rigid plastics are the major factors driving the growth of the rigid packaging market.
Additionally, during the forecast period of 2024–2031, rapid changes in lifestyle trends and demographic trends will further open up new chances for the rigid packaging market. Rising growth in the e-commerce industry has led to high demand for the product, which plays a crucial role in accelerating market expansion. Home delivery, special offers, and other advantages of online purchasing have considerably propelled the e-commerce industry. The shift in customer preferences toward online shopping has significantly boosted demand for hard packaging. Additionally, expanding logistics and transportation operations may accelerate market expansion.
US Rigid Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Off-Trade
Fastest Growth
Off-Trade
Growth Rate
4.80% CAGR
Global Rigid Packaging Market ($ Bn)
Country Share for Europe Region (%)
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Rigid Packaging Market Segmental Analysis
Global Rigid Packaging Market is segmented by Material, Product, Application, and Region. Based on Material, the market is segmented into Plastic, Metal, Paper & Paperboard, Glass, Bioplastic. Based on Product, the market is segmented into Bottles & Jars, Trays & Clamshells, Tubs, Cups, and Pots, Pallets, Drums & Barrels, Crates, Others. Based on Application, the market is segmented into Food, Beverages, Pharmaceutical & Healthcare, Personal Care & Cosmetics, Automotive, Building & Construction, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Due to several advantages that plastics provide, such as their high strength, stability, and flexibility, the plastics sector is predicted to provide considerable returns between 2024 and 2031. Also, their creative visual appeal and improvements to the product's hygienic quotient and shelf life, makes plastics one of the most commonly utilised materials for rigid packaging. Additionally, it can be shaped into a variety of sizes and forms without losing any of its quality.
Tin, stainless steel, and aluminium are some of the metals used for rigid packaging. The most popular metal for rigid packaging is aluminium. Metal packaging products created in the form of containers and cans are among the most popular. Metals are frequently used because of their extraordinary strength and durability. It is most frequently employed as a secondary source of packaging, forming the outermost layer of packaging that is not in direct contact with the product.
Due to its ability to be totally recycled, glass is regarded as a sustainable material in the rigid packaging market. The rising demand for glass in the personal care sector is also predicted to play a key role in the coming years. Additionally, expanding glass bottle usage in the pharmaceutical and beverage sectors is probably going to promote market expansion.
The food and beverage sector dominated the rigid packaging market in 2022
The food & beverage sector dominated the market in 2022. The rising demand for packaged food as a result of changing lifestyle is driving the segment's growth. Demand for rigid packaging is increasing as a result of the thriving beverage industry, which is fuelled by goods like alcohol and energy drinks.
The pharmaceutical industry category is the end-user market with the fastest growing rate. Research advances, higher spending on medications, and technology advancements all contribute to the pharmaceutical industry's growth. Pharmaceutical packaging is done to protect medications from contamination and stop microbial development. Drugs have a longer shelf life when they are packaged properly. It is predicted that rising medical device and drug spending will increase demand for rigid packaging.
Packaging for personal care items includes items like cosmetics and toiletries. Since cleanliness and grooming have had increasing significance over the last few years, this business has experienced spectacular growth. Growing public awareness of health and wellbeing in developing nations is also projected to fuel the segment's expansion. The industrial and electronics sectors are other applications. Over the course of the projection period, increased use of electronic devices like smartphones, tablets, and laptops is projected to support the segment's growth.
Global Rigid Packaging Market By Distribution Channel
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Rigid Packaging Market Regional Insights
Asia-Pacific is dominating the rigid packaging market share in terms of revenue. This is attributable to the growing customer preference for internet shopping, rapid urbanisation, and the thriving manufacturing industry. Asia-Pacific dominates the industry due to the presence of several manufacturers of food, drinks, and personal care products. Rigid packaging market is primarily driven by the large populations and rapid economic growth of emerging nations like China and India. With products like yoghurt, sour milk products, and bottled water being supplied in rigid plastic packaging, the region's beverage and packaged food markets are expanding quickly. India has been gaining considerable traction in the rigid packaging market, particularly due to widespread beverage and food applications. The demand for rigid beverage packaging in India has increased as more people switch to bottled water as a more hygienic option to water purifiers.
North America, meanwhile, is predicted to grow significantly between 2024 and 2031 due to the existence of notable businesses, rigid packaging rules, and soaring e-commerce sales. Regulations regarding recycling and sustainability of materials in order to maintain environmental balance are triggering the demand for bioplastic packaging solutions.
Also, due to its extensive production infrastructure for packaging materials, North America is predicted to have tremendous development. There are more established companies for rigid packaging in North America and Europe, like Reynolds Group Holding, Sonoco, and Amcor Limited. The need for rigid packaging materials from the healthcare sector is likely to drive significant growth in Europe.
Global Rigid Packaging Market By Region
- Largest
- Fastest
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Rigid Packaging Market Dynamics
Rigid Packaging Market Driver
Rigid packaging is versatile and highly protective to boost the market growth
- Rigid packaging can be made in just about any shape. One can make cavities that properly fit the products. Flexible packaging, which usually only resembles a bag or pouch, is really only appropriate for a small number of home goods and food products, such as holding dishwasher detergent pods. A vast range of things, including food, medicine, electronics, toys, personal care products, office supplies, equipment, and much more, can be packaged in rigid plastic. In comparison to plastic materials, cardboard packaging may be moulded into a wide variety of shapes, but the cost of producing intricate cardboard patterns can be very high.
- Rigid Packaging is highly impact-resistant. Plastic safeguards the product and can withstand damage if a package falls off a store shelf. Product damage is less common as a result of durable packaging, which benefits the bottom line. For high-value retail goods, tools, office supplies, electronics, and toys—all of which are frequently targeted for theft—custom clamshell packaging is the best option. Due to its hard and sturdy exterior, rigid packaging does a superior job of protecting the contents inside. It would take a lot for anything to penetrate the sturdy architecture of rigid packaging materials because their walls are thicker and more robust. It will provide defence from scuffs, bumps, sunlight, wind, heat, cold, and everything else thrown at it.
Rigid Packaging Market Restraint
Limited Customization Options to Impede the Market Growth
- Customization options are severely limited with rigid packaging. Any packaging changes are quite expensive to add on due to the fixed and inflexible nature of this sort of packaging, especially once they have already been moulded into the required shape.
- Before any type of manufacturing can take place, the only changes that can be made to this type of packaging must be planned for and incorporated into the design.
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Rigid Packaging Market Competitive Landscape
The rigid packaging market is fragmented in nature and is dominated by industry players. Companies in the market have used a variety of strategies, including expansion, mergers and acquisitions, partnerships, and joint ventures, to increase their global footprint and, as a result, their market shares.
Rigid Packaging Market Top Player’s Company Profiles
- Amcor plc
- Berry Global, Inc.
- Ball Corporation
- Crown Holdings, Inc.
- Sealed Air Corporation
- DS Smith Plc
- WestRock Company
- Sonoco Products Company
- Huhtamaki Oyj
- Ardagh Group S.A.
- Silgan Holdings Inc.
- Owens-Illinois, Inc.
- Graphic Packaging Holding Company
- Tetra Pak International S.A.
- Smurfit Kappa Group plc
- Mondi plc
- Coveris Holdings S.A.
- Gerresheimer AG
- AptarGroup, Inc.
Rigid Packaging Market Recent Developments
- In February 2020, PlastiPak announced the making of a significant investment in the new light-weight finish technology for carbonated beverage bottles.
Rigid Packaging Key Market Trends
Emergence of Sustainable Packaging:
- Sustainable packaging, sometimes known as green packaging, is a recent development in the industry. The demand for renewable and environmentally friendly materials is increasing as a result of strict restrictions surrounding the recycling of packing materials. Over the past few years, the demand for bioplastics for packaging has grown significantly, and it is projected that this trend will persist over the coming years.
Growing Focus on Online Shopping:
- Online shopping has begun to become more popular among consumers as internet usage continues to increase. In order to ensure that the goods arrive at the doorsteps of clients without any potential harm, it is crucial that this industry uses sturdy and long-lasting packing techniques. As a result, the e-commerce business mostly uses materials like cardboard, ply, and plastic boxes as packing entities. This, in turn, is causing the market as a whole to trend upward.
Rigid Packaging Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research. The report talks in detail about Rigid Packaging Market share, Rigid Packaging Market sales, Rigid Packaging Market trends, Rigid Packaging Market drivers, Rigid Packaging Market key players, and Rigid Packaging Market segmentation.
According to the rigid packaging market report analysis, the worldwide rigid packaging industry is being driven by the rising demand for reusable packaging products. Moreover, the global market for rigid packaging is expected to offer plenty of potential prospects due to the rising number of nuclear families and the rising demand for convenience foods and other goods. Additionally, the availability of smaller pack sizes along with the development of novel packaging materials is, in some ways, creating additional growth opportunities for the global rigid packaging industry. The market for rigid packaging is being driven by the expanding urban population, particularly in the Asia-Pacific region, and rising end-user industry demand.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 206.3 billion |
| Market size value in 2031 | USD 314.59 billion |
| Growth Rate | 4.80% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Rigid Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Rigid Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Rigid Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Rigid Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Rigid Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Rigid Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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