What is the global market size of Rigid Packaging Market?

Rigid Packaging Market size was valued at USD 356.25 billion in 2021 and is poised to grow from USD 369.21 billion in 2022 to USD 492.3 billion by 2030, growing at a CAGR of 3.6% in the forecast period (2023-2030).

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

Q: What is the key market trend for Global Rigid Packaging Market?

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.

Q: Which region accounted for the largest share in Global Rigid Packaging Market?

Asia-Pacific is dominating the rigid packaging market in terms of revenue share. 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 2023 and 2030 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.

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.

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Global Rigid Packaging Market size was valued at USD 206.3 billion in 2022 and is poised to grow from USD 216.20 billion in 2023 to USD 314.59 billion by 2031, growing at a CAGR of 4.80% during the forecast period (2024-2031).

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. '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 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.

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.

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.

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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

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