Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 381.3 Million | USD 663.73 Million | 5.7% | 2023 |
According to a report from Zion Market Research, the global Rigid Paper Containers Market was valued at USD 381.3 Million in 2023 and is projected to hit USD 663.73 Million by 2032, with a compound annual growth rate (CAGR) of 5.7% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Rigid Paper Containers industry over the next decade.
Rigid paper containers are paper-based packaging solutions that include boxes, trays, tubes, liquid cartons, and clamshells. Rigid paper containers can be manufactured using either paperboard or containerboard. Rigid paper containers made up of containerboard consist of two grades of the board: linerboard and corrugating medium. Rigid paper containers made up of linerboard are used for creating the faces of the corrugated box while the corrugating medium makes up the rippled middle layer known as flutes.
Rigid paper containers offer easy printability and hence are considered ideal for printing product information as well as branding & marketing information. The rigid paper containers market is expected to have a positive outlook over the forecast period due to the rising importance of visually communicative packaging. Rigid paper containers are preferred over other rigid packaging formats as they are lightweight, economical, and biodegradable.
Furthermore, rigid paper containers such as folding cartons are used in homes as well as commercial applications for storing miscellaneous goods. Rigid paper containers are available in different sizes and shapes, which enables consumers to use them for the packaging of different types of products. When not in use, these rigid paper containers can be folded into a flat sheet and stored in very less space. Hence, storage efficiency will enhance the market scope in the ensuing years.
Consumers these days have made sustainability one of the decisive factors while choosing packaging formats. Owing to this, rigid paper containers are gaining traction among emerging as well as mature markets. Additionally, elevating ecological concerns among the end-user will catapult the market growth in the ensuing years.
The demand for corrugated packaging in the rigid paper containers market is at its peak, owing to the thriving e-commerce industry. This is further projected to drive the growth of the global rigid paper containers market. Manufacturers are using corrugated boxes to ensure minimal damage to the packaged product during transiting and storage, which has resulted in increased consumption of rigid paper containers in the automotive sector, thereby enhancing the business scope.
Rigid paper containers are manufactured using wood pulp, which possesses high recyclability. Most rigid paper containers, including corrugated boxes, which are used globally, are made up of recycled pulp. Moreover, rigid paper containers are reusable, which makes them a preferred alternative over other packaging formats for home as well as commercial applications.
Product innovation is another major factor driving the demand for rigid paper containers. Innovative product designs boost the convenience factor and enhance the application areas. For instance, some of the manufacturers operating in the rigid paper containers market have added innovative features such as die-cut lids and magnetic closing lids to make the packaging solution more end-user friendly. They are also keeping pace with the current technological changes as well as adapting to the changes while staying abreast of the latest technological innovations in designs to have a competitive edge. This will further enlarge the business landscape.
The global rigid paper containers market has been segmented on the basis of board type, product type, and end-use industries.
Based on the product type, the market is sectored into boxes, tubes, trays, clamshells, and liquid cartons.
On the basis of board type, the market is segmented into paperboard and containerboard.
End-use wise, the rigid paper containers market is classified into food & beverages, chemicals & fertilizers, automotive, consumer goods, pharmaceuticals, and electrical & electronics.
Report Attributes | Report Details |
---|---|
Report Name | Rigid Paper Containers Market |
Market Size in 2023 | USD 381.3 Million |
Market Forecast in 2032 | USD 663.73 Million |
Growth Rate | CAGR of 5.7% |
Number of Pages | 110 |
Key Companies Covered | Sonoco Products Company, Smurfit Kappa, Mondi Group plc, Cascades Inc., Stora Enso Oyj, Huhtamaki Oyj, Oji Holdings Corporation, International Paper Company, DS Smith plc, and WestRock Company |
Segments Covered | By Board Type, By Product Type, By End-Use Industry And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Based on geography, the global rigid paper containers market is segmented into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe are witnessing a meteoric rise in the demand for rigid paper containers owing to the swift adoption rate of rigid paper container packaging, especially by food companies. North America is further segmented into the U.S. and Canada. The U.S. dominates the regional rigid paper container market owing to the relatively higher expenditure on packaged foods, rising consumption of premium food products, growing trading activities in the country. The massive demand for on-the-go food & beverage products is likely to stimulate the demand for rigid paper containers.
The Asia Pacific is the fastet growing market for rigid paper containers and is likely to continue the same trend during the forecast period. The Asia Pacific rigid packaging market is dominated by China while India has emerged as the fastest-growing market. Apart from India and China, Southeast Asian countries are likely to witness significant growth owing to the improving lifestyle, rising disposable income, the rapid pace of urbanization, and the rising number of SMEs in the food and beverage sector.
Some of the key players in the rigid paper containers market are
By board type:
By product type:
By end-user:
By industry verticals:
FrequentlyAsked Questions
Rigid paper containers are paper-based packaging solutions that include boxes, trays, tubes, liquid cartons, and clamshells. Rigid paper containers can be manufactured using either paperboard or containerboard.
Rigid paper containers offer easy printability and hence are considered ideal for printing product information as well as branding & marketing information. The rigid paper containers market is expected to have a positive outlook over the forecast period due to the rising importance of visually communicative packaging.
According to a study, the global rigid paper containers Industry size was $381.3 Million in 2023 and is projected to reach $663.73 Million by the end of 2032.
The global rigid paper containers market is expected to grow at a CAGR of 5.7% during the forecast period.
North America and Europe are witnessing a meteoric rise in the demand for rigid paper containers owing to the swift adoption rate of rigid paper container packaging, especially by food companies.
Some of the key players in the rigid paper containers market are Sonoco Products Company, Smurfit Kappa, Mondi Group plc, Cascades Inc., Stora Enso Oyj, Huhtamaki Oyj, Oji Holdings Corporation, International Paper Company, DS Smith plc, and WestRock Company.
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