Global Rigid Packaging Market Size 2024, Forecast To 2033
6 Mar, 2024
The rigid packaging market has experienced strong growth, increasing from $223.47 billion in 2023 to $239.9 billion in 2024, with a Compound Annual Growth Rate (CAGR) of 7.4%. This growth in the historic period is attributed to material innovation, evolving consumer preferences, globalization trends, the boom in e-commerce, and a focus on supply chain efficiency. Looking forward to 2028, the rigid packaging market is projected to continue its robust growth, reaching $307.14 billion at a CAGR of 6.4%. The forecast period will witness growth driven by factors such as circular economy initiatives, changing consumer demands, climate change mitigation efforts, customization and personalization trends, the rise of sustainable practices, and ongoing optimization of logistics. Notable trends expected in the coming years encompass sustainability initiatives, the impact of innovative materials and technologies, the influence of e-commerce, efforts towards cost efficiency, and supply chain optimization, along with a focus on brand differentiation.
Global Rigid Packaging Market Key Driver
The increasing demand for environmentally friendly and sustainable packaging is expected to fuel the growth of the rigid packaging market. Environmentally friendly and sustainable packaging aims to minimize ecological impact, offering an alternative to conventional plastic or harmful metal packaging. Rigid packaging options like cans, ampoules, and bottles provide extended shelf life and robust product protection, reducing food waste and the need for additional packaging. As per the Ellen MacArthur Foundation in 2022, efforts are underway to ensure that 100% of plastic packaging becomes reusable, recyclable, or compostable, with a focus on increasing post-consumer recycled content. The growing need for environmentally friendly packaging practices is a driving force behind the expansion of the rigid packaging market, with market sizes for 2023, 2024, and 2028 being critical parameters.
Get A Free Sample Of The Global Rigid Packaging Market ReportGlobal Rigid Packaging Market Segments
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
By Geography:The regions covered in the rigid packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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
Major Rigid Packaging Industry Players
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
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Rigid Packaging Market Overview
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.
Rigid Packaging Global Market Report 2023 provides data on the global rigid packaging market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The rigid packaging market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.