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Rigid Packaging Market Size - By Material Type (Plastic, Glass, Metal, Paperboard), By Product Type (Bottles & Jars, Cans, Cartons & Boxes, Tubes & Containers, Trays & Clamshells), By Production Process, By End-use & Forecast, 2023 – 2032


Published on: 2024-07-25 | No of Pages : 240 | Industry : Packaging

Publisher : MIR | Format : PDF&Excel

Rigid Packaging Market Size - By Material Type (Plastic, Glass, Metal, Paperboard), By Product Type (Bottles & Jars, Cans, Cartons & Boxes, Tubes & Containers, Trays & Clamshells), By Production Process, By End-use & Forecast, 2023 – 2032

Rigid Packaging Market Size

Rigid Packaging Market size was valued at around USD 211 billion in 2022 and is anticipated to grow at a CAGR of 4.4% between 2023 and 2032. Rigid packaging offers durability and protection to products, ensuring their integrity during transportation, storage, and handling. Consumers seek packaging that safeguards the quality and freshness of their purchases, especially for perishable or fragile items.

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Rigid packaging allows for eye-catching designs, graphics, and branding, which play a significant role in attracting consumers' attention and differentiating products on store shelves. Packaging aesthetics can create a strong brand identity and influence purchasing decisions.

Rigid Packaging Market Report Attributes
Report Attribute Details
Base Year 2022
Rigid Packaging Market Size in 2022 USD 211 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 4.4%
2032 Value Projection USD 325.8 Billion
Historical Data for 2018 to 2022
No. of Pages 200
Tables, Charts & Figures 250
Segments covered Material Type, Product Type, Production Process, End-use, Region
Growth Drivers
  • Growing food and beverage industry
  • Growing cosmetic industry
  • Growing e-commerce industry
Pitfalls & Challenges
  • Sustainability Concerns
  • Regulatory Compliance
  • Fluctuating prices of raw materials

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The increasing focus on environmental sustainability has put pressure on the rigid packaging industry to reduce its environmental footprint. Rigid packaging materials and designs must adhere to various regulations and standards, especially in industries like food and pharmaceuticals. Fluctuating prices of materials like plastics and metals can impact the cost-effectiveness of rigid packaging solutions. Thus, the risks associated with rigid packaging may drive down the acceptance rate, further hampering the business growth.

COVID-19 Impact

Changes in consumer behavior, such as increased online shopping and focus on essential goods, led to shifts in demand for specific types of rigid packaging. For example, demand for packaging related to e-commerce, food delivery, and healthcare products increased, while non-essential sectors experienced decreased demand. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the rigid packaging industry expansion in the upcoming years.

Rigid Packaging Market Trends

Increasing emphasis on environmentally friendly packaging materials such as bioplastics, recycled plastics, and compostable materials. Integration of smart technologies like QR codes, NFC, and RFID to provide consumers with interactive experiences, traceability, and product authenticity verification. Smart packaging can enhance supply chain visibility, reduce counterfeiting, and engage consumers through personalized content. Consumer demand for reduced plastic waste drives the development of packaging designs that are recyclable, reusable, or made from renewable resources.

Rigid Packaging Market Analysis

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Based on material type, the market is segmented as plastic, glass, metal, paperboard, others. Plastic held a majority market value of USD 73.6 billion in 2022. Plastics are lightweight and can be molded into various shapes and sizes, making them suitable for a wide range of products. Plastic packaging is often more affordable to produce compared to other materials.

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Based on product type, the rigid packaging industry is segmented as bottles and jars, cans, cartons and boxes, tubes and containers, trays and clamshells. Bottles and jars held a dominant market share of around 35% in 2022 and is expected to grow at a lucrative pace through 2032. Demand for beverage packaging, including water, soft drinks, and alcoholic beverages.

Based on production process, the industry is segmented as blow molding, thermoforming, injection molding, extrusion. Blow molding held a dominant market share in 2022 and is anticipated to grow at 4.1% CAGR between 2023 and 2032. Blow molding is commonly used for producing plastic bottles, jars, and containers. Blow molding is relatively quick, suitable for high-volume production.

Based on end-use, the rigid packaging market is segmented as food and beverage, personal care and cosmetics, pharmaceuticals and healthcare, household and cleaning products, electronics, other. Food and beverage held a dominant market share in 2022 and is anticipated to grow significantly till 2032. Rigid packaging ensures the freshness, quality, and hygiene of food and beverages.

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U.S. dominated the North American region with majority market share and a revenue of USD 42.8 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. North American consumers are increasingly conscious of environmental issues, driving demand for sustainable packaging solutions.

Rigid Packaging Market Share

Some of the major industry players operating in the market are

  • Amcor plc
  • Ball Corporation
  • Crown Holdings, Inc.
  • Berry Global Group, Inc.
  • Sealed Air Corporation
  • WestRock Company
  • Ardagh Group S.A.
  • Silgan Holdings Inc.
  • Sonoco Products Company
  • Smurfit Kappa Group
  • RPC Group
  • Graphic Packaging Holding Company
  • Owens-Illinois, Inc.
  • Gerresheimer AG
  • Huhtamaki Oyj

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Rigid Packaging Industry News

  • In 2022 Amcor Plc Amcor's New Lightweighting Technology Introduces in a Quantum Leap for the Future of Packaging. More than 50% of the material in the finish is eliminated by a new twostep lightweighting technology.

Rigid packaging market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion & Units from 2018 to 2032, for the following segments

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By Material Type

 

  • Plastic
  • Glass
  • Metal
  • Paperboard
  • Others

By Product Type

  • Bottles and Jars
  • Cans
  • Cartons and Boxes
  • Tubes and Containers
  • Trays and Clamshells

By Production Process

  • Blow Molding
  • Thermoforming
  • Injection Molding
  • Extrusion

By End-use

  • Food and Beverage
  • Personal Care and Cosmetics
  • Pharmaceuticals and Healthcare
  • Household and Cleaning Products
  • Electronics
  • Other

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Malaysia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina 
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt

 

Table of Content

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