Global Rigid Packaging Market To Grow At A CAGR Of 6% During The Forecast Period

The global rigid packaging market was worth around $495 billion in 2021 and is predicted to

grow to around $750 billion by 2028 at a CAGR rate of 6% over the forecast period.

Rigid packaging is a packaging solution that is incapable of bending, has negligent flexibility, and cannot be forced out of its shape. The firm packaging is known for its strength and provides desired support to the product. Some of the examples of rigid packaging are bottles, glass jars, aluminum cans, and paperboard boxes amongst others.

Advantages associated with incorporating rigid packaging into the manufacturing process are multifold. They are extremely lightweight in comparison to the flexible packaging products, along with the involvement of lesser transportation costs. Because of the lightweight nature of the rigid packaging products, they assist in reducing the fossil fuel consumption during the logistics process thus rendering environmental benefits as well whereas due to their flexible nature, they can be molded into smaller packaging products reducing the extra expenses of the manufacturer.

The global rigid packaging market was impacted moderately by the onset of Covid-19 owing to transportation restrictions, closure of manufacturing units, and difficulty in access to raw materials, however, the demand was still high owing to their extensive use in many essential sectors like food & beverages, e-commerce, healthcare, and others.

The E-commerce sector worldwide has been growing immensely for some years since this sector has managed to make the lives of the general population easier by making all kinds of products accessible in even the remotest places at the click of a button. The sector witnessed an exponential rise during Covid-19 because of lockdown impositions, and precautionary measures like maintaining social distancing. With the incorporation of enhanced and advanced technologies, e-commerce has managed to get exclusive industry giants to provide their services through online platforms and e-commerce websites. The sector is one of the largest consumers of rigid packaging solutions given the tedious logistical process online purchased products go through. The rise in e-commerce will subsequently assist in the growth of the global rigid packaging market in the coming years. The global growth is also anticipated to be aided by the rise in the F & B sector which has already proven to be one of the fastest-growing sectors because of the rising population, addition of domestic & international market players, and heavy investments. Increasing number of pharmaceutical industries and growth in the healthcare sector are projected to aid the global market expansion in the following years.

Some of the stringent protocols and guidelines pertaining to rigid packaging act as a restraint in global market growth whereas the emergence of bioplastics and rising innovations in packaging industries provide growth opportunities. The market may witness some challenges due to busier lifestyle and the rising demand for convenience products amongst the consumer group.

The global rigid packaging market in this research analysis is divided into the material, type, applications, and region. Material is divided into plastics, metal, paper & paperboard, wood, bioplastic, and others. Type is classified as bottles & jars, trays, tubs, boxes, and cups & pots. Applications comprise food & beverage, pharmaceuticals, personal care, and others.

Asia Pacific is anticipated to dominate the global rigid packaging market owing to the expanding population in regions like China and India. As the population grows, demand in the food and beverages sector is expected to grow simultaneously to meet the growing demand. This is also aided by the rise in the number of domestic players in the Asia Pacific region and the competition between them to reach a higher number of consumers with aggressive marketing and sales strategy. Government initiatives to attract international players are projected to aid regional market growth. E-commerce in this region is expected to register record-breaking revenue in the coming years which may assist the regional growth.

North America and Europe are expected to register high CAGR during the forecast period because of the high spending capacity of the general population along with the stable economy of the regions, the presence of multiple key market players, and growth in the pharmaceutical sector.

The key players in the global rigid packaging market are Amcor Limited, Ball Corporation, Bemis Company, Berry Plastic Corporation, DS Smith Plc, Georgia-Pacific Corporation, Holmen AB, Plastipak Holdings Inc, Reynolds Group Holding, and Tetra Pak International.

Recent Developments:

• In February 2020, Plastipak announced the launch of a light-weight packaging finish for carbonated beverage bottles.

Browse the full “Rigid Packaging Market By Material (Bioplastics, Wood, Plastics, Metal, Paper & Paperboard, And Others), By Applications (Pharmaceuticals, Personal Care, Food & Beverages, And Others), By Type (Boxes, Tubs, Bottles & Jars, Trays, Cups & Pots), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/rigid-packaging-market

Global rigid packaging market segmentation follows

By Material

• Plastic
• Metal
• Paper & Paperboard
• Wood
• Bioplastic
• Others

By Type

• Bottles & Jars
• Trays
• Tubs
• Boxes
• Cups & Pots

By Applications

• Food & Beverage
• Pharmaceuticals
• Personal Care
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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