The global rigid packaging market size was USD 209.59 Billion in 2022 and is likely to reach USD 338.77 Billion by 2031, expanding at a CAGR of 5.48% during 2023–2031. The market growth is attributed to the growing demand for industrial bulk packaging in recent years.
Rigid packaging products are made from inflexible materials, which are not east to bend or to be forced out. Rigid packaging, unlike flexible packaging, offers structure and support to packed products. Rigid packaging materials include plastic bottles & boxes, glass jars & bottles, aluminum cans, corrugated & paperboard boxes, laundry detergent bottles, cans of soup, and others.
Packaging Distributors of America (PDA) reports that global rigid packaging is set to cross USD 800 billion by 2024. Rigid packaging is expected to have a strong position in consumer packaging goods (CPG) in the coming years, due to the many applications of rigid packaging in the industry. Aerosol cans are widely used for high-end beverages, perfumes, spirits, health products, and beauty products. Some products require rigid packaging for protection. In some cases, consumers prefer to buy products packaged in rigid packaging than flexible packaging.
The rigid packaging industry is continuously changing and evolving, which includes the materials used to produce closures and containers. Rigid packaging materials are firm in nature and have more hardness, heavyweight, and high mechanical strength compared to flexible materials. New and innovative packaging materials are developed to adhere to the increasing requirements of keeping food products fresh for a long time.
COVID-19 Impact on Rigid Packaging Market
The COVID-19 pandemic has moderate impact on the rigid packaging market. Rigid packaging is very helpful to keep fresh food safe, healthy, and protected from getting contaminated. The demand for food items packed within rigid packaging decreased around 20% to 30%, owing to the spread of the pandemic across the globe. Rigid packaging manufacturers were needed to modify the packaging products to be healthier and safer than before during the pandemic.
The demand for single-use plastic increased, as consumers were concerned with reusable packaging that raises the risk of spreading the virus. On the other hand, the growing demand for necessary supplies such as food, disinfections, medicines, sanitizers, dairy products, face masks, and others is increasing packaging products requirements and boosting the global rigid packaging market.
Rigid Packaging Market Dynamics
The research report presents a complete overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The global rigid packaging market report has up-to-date insights about market dynamics and market scenarios that can shape the overall market performance and output during the forecast period, 2023 to 2031.
What are the Major Trends in the Global Rigid Packaging Market?
Introduction of innovative rigid packaging methods
Manufacturers across the globe have shifted their attention toward developing innovative rigid packaging products. The continuous developments of innovative packaging products aid manufacturers to adhere to the stringent environmental standards regarding packaging procedures, that have been developed by governments and authorities across several regions. High demand and adoption of innovative rigid packaging processes and materials are the current key market trends.
Which Factors are Driving the Demand for Global Rigid Packaging Market?
Increasing demand for industrial bulk packaging
Increasing demand for industrial bulk packaging through various industries such as healthcare, pharmaceuticals, and chemicals is expected to compel the growth of the rigid packaging market. The growing use of pails, keys, and drums is expected to boost bulk packaging for the growth of the market. Rigid intermediate bulk containers (IBCs) are gaining popularity in the packaging industry, as these containers offer ease in handling and transportation of goods. The growing usage of such packaging containers across the globe drives the global rigid packaging market.
Increasing adoption of paperboard
Increasing the adoption of paperboard for rigid packaging, as this material is environmentally friendly and renewable, is expected to boost the rigid packaging market. Paper & paperboard materials can be used several times to make a sustainable form of packaging material. Paperboard is a cost-effective alternative to rigid packaging materials. Increasing demand for environment-friendly paperboard-based rigid packaging is expected to spur the growth of the global market in the coming years.
Increasing personal care industry
Increasing awareness regarding personal care and growing usage of cosmetic & personal care products are expected to propel the growth of the market. Developing countries such as India and China have experienced major growth in the consumer goods and logistics industry, due to growing disposable income. These factors are expected to boost the growth of the rigid packaging market in the coming years.
Increasing adoption of food supply
High adoption of long-term food storage for a continuous supply of food is expected to spur the global rigid packaging market growth in the coming years. Increasing food safety concerns are propelling the demand for rigid packaging. Several food manufacturers are adopting rigid packaging for the food supply industry to ensure effective and safe food delivery to consumers.
Which Factors are Limiting the Growth of the Global Rigid Packaging Market?
Strict rules and regulations
Uses of rigid packaging are expected to be restricted in recent years, due to the growing demand for flexible packaging materials. Strict rules and regulations regarding the usage of plastic in rigid packaging applications hamper the growth of the rigid packaging market.
What are the Growth Opportunities in the Global Rigid Packaging Market?
Increasing adoption of packaged foods
The increasing number of working people and rising disposable income boost the demand for packaged food items and beverages across the globe. Rapid urbanization and changing lifestyles, especially in developing countries, are boosting the rigid packaging market. Growing consumers’ inclinations towards convenient ready-to-eat and on-the-go food products to reduce cooking time fuels market growth.
Continuous development in the packaged food & beverages industry offers growth opportunities to the market players. Market players are producing recyclable, sustainable, and environmentally friendly packaging items by adopting technology, which is fueling the rise of the industry’s expansion. China, Brazil, and other regions are propelling the growth of the rigid packaging market.
Scope of Rigid Packaging Market Report
The report on the global rigid packaging market includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Rigid Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Material (Metal, Glass, Plastic, Paper & Cardboard, Bioplastic, and Wood), Type (Trays, Cans, Bottles & Jars, and Boxes & Containers), and Application (Personal Care, Pharmaceuticals, Industrial, Food & Beverages, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Reynolds Group Holding; Plastipak Holdings. Inc; Bemis Company Inc; Berry Plastics Corporation; Amcor Limited; Sealed Air Corporation; Sonoco; Consolidated Container Company; DS Smith Plc; Tetra Pak International; WestRock Company; Rehrig Pacific Company; and Nefab Group.
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Rigid Packaging Market Segment Insights
Which Major Factors influence the Significant Growth of the Plastic Segment?
Based on material, the global rigid packaging market is divided into metal, glass, plastic, paper & cardboard, bioplastic, and wood. The plastic segment is expected to expand at a significant growth rate during the projected period, as plastic is used more in rigid packaging than other materials. Plastic types such as polyethylene, polyethylene terephthalate, and polypropylene are used for the production of hard packaging products.
High strength and stability are the advantages of plastic, which have made it a popular material for manufacturing rigid packaging products. In addition, it can be formed into various shapes and sizes, while keeping its quality. The bioplastics segment is anticipated to hold a key share of the market in the coming years, owing to the increasing adoption of bioplastic materials in the packaging industry.
Bioplastics are made from biodegradable feedstocks, which degrades into soil similar to other organic matters. Increasing growth for bioplastics in the packaging sector, owing to the increasing awareness among the global population regarding the negative effects of plastic waste on the environment. Growing demand for bioplastics to replace plastic materials among consumers boosts the segment growth.
Why is the Bottles & Jars Segment More Prevalent than the Boxes & Containers Segment?
On the basis of type, the global market is segmented into trays, cans, bottles & jars, and boxes & containers. The bottle & jar segment is to dominate the market share during the forecast period, as the bottles and jars are usually used for carbonated soft drinks, juices, food products, water, and others. Bottles and jars are used to store the food items such as pickles, jams, peanuts, spices, and dry grapes as well. Increasing demand for household products and bottled beverages boost the growth of the segment.
The boxes & containers segment is anticipated to hold the largest market share during the forecast period. Boxes and containers are used to store the other items temporarily and are used to transport those items as well. Boxes and containers may differ in size, content, and weight. Proper care taken of boxes and containers avoids any workplace injuries.
What are the Main Aspects for Boosting the Food & Beverages Segment?
Based on application, the global rigid packaging market is segregated into personal care, pharmaceuticals, industrial, food & beverages, and others. The food & beverages segment is projected to register a considerable CAGR during the forecast period, owing to increasing population and high demand for food & beverage products across the globe. Rapid urbanization, changing lifestyles, and rising disposable income among consumers propel the demand for packaged food and beverage products, which boosts the segment growth.
The pharmaceutical segment is anticipated to expand rapidly during the forecast period. Rigid packaging in pharmaceuticals is used to keep medicines safe and free from getting polluted as well as to avoid any unwanted microbial growth. Proper packaging helps to increase the shelf life of drugs. Increasing expenditure on well-packaged medicines fuels the growth of the segment.
Why is Asia Pacific dominating the Global Rigid Packaging Market?
In terms of region, the global rigid packaging market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market size of Asia Pacific is expected to dominate the global market during the projected period. China and India are the emerging markets that are expected to propel the growth of the rigid packaging market in the region. The increasing population, growing demand for convenient packaged food & beverages, and rising popularity of reusable packaging alternatives are the major factors driving the rigid packaging market in Asia Pacific.
New packaging material development combined with demand for small packaging sizes is further expected to provide growth in the market. Rapid urbanization boosts the packaging industry and spurs the growth of the rigid packaging market in Asia Pacific. Europe is anticipated to expand at a rapid pace during the forecast period and is considered the second dominating region for the rigid packaging market.
The food & beverages and personal care product industries in the region and many other countries in the region have reached a high saturation point of consumption of packaged goods. The European market is changing the consumer lifestyle in advanced countries and increasing disposable income in the regions.
Segments
The global rigid packaging market has been segmented on the basis of
Material
- Metal
- Glass
- Plastic
- Paper & Cardboard
- Bioplastic
- Wood
Type
- Trays
- Cans
- Bottles & Jars
- Boxes & Containers
Application
- Personal Care
- Pharmaceuticals
- Industrial
- Food & Beverages
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Reynolds Group Holding
- Plastipak Holdings. Inc
- Bemis Company Inc
- Berry Plastics Corporation
- Amcor Limited
- Sealed Air Corporation
- Sonoco
- Consolidated Container Company
- DS Smith Plc
- Tetra Pak International
- WestRock Company
- Rehrig Pacific Company
- Nefab Group
Competitive Landscape
Key players competing in the global rigid packaging market are Reynolds Group Holding; Plastipak Holdings. Inc; Bemis Company Inc; Berry Plastics Corporation; Amcor Limited; Sealed Air Corporation; Sonoco; Consolidated Container Company; DS Smith Plc; Tetra Pak International; WestRock Company; Rehrig Pacific Company; and Nefab Group.
Some of these major companies have adopted a series of business development strategies including mergers and acquisitions, entering into partnerships and collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.
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In February 2020, Plastipak Packaging, Inc. announced to make a significant investment in the lightweight neck finish technology. The investment aids in the commercialization of a group of preforms in the US and Europe for carbonated beverages.
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In November 2020, Amcor acquired its leading-edge engineering and design technology. to develop the 900 ml polyethylene terephthalate (PET) bottle for victual oil in Brazil. The custom-designed containers used for agribusiness food produces are 22% lightweight competitive bottles while providing superior productivity and rising sustainability benefits in the rigid packaging.
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In March 2021, Amcor has announced a new partnership with Alliance to End Plastic Waste at Executive Committee level. Amcor and Alliance share the collaboration and take collective action to eliminate plastic waste. The membership of Alliance, Amcor’s 2025 Sustainability pledge to develop all packaging to be recycled or reusable.
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