Market Research Future (MRFR) has published on the “Global Rigid Packaging Market”.
The Rigid Packaging market is estimated to register a CAGR of 6.8% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Rigid Packaging market— Vetropack Holding, Brambles, IPL Plastics, Schoeller Allibert, Schutz GmbH Menasha Corporation and Co, DS Smith, and Myers Industries.
Rigid Packaging Market Highlights
The global Rigid Packaging market is accounted to register a CAGR of 6.8% during the forecast period and is estimated to reach USD 430,586.9 million by 2030.
The rigid packaging market involves the production and supply of inflexible containers made from materials like plastic, glass, or metal. These containers offer durability, protection, and visual appeal, making them suitable for packaging various consumer goods and industrial products. The market's growth is driven by its ability to preserve product integrity and meet aesthetic and functional packaging requirements.
Segment Analysis
The global Rigid Packaging market has been segmented based on Material and Product.
On the basis of Material, the market is segmented into metals, plastics, glass, and paperboard. In terms of revenue, the plastic sector accounted for the lion's share of the worldwide rigid packaging market in 2021. Plastic is a favoured material for producing stiff packaging products due to its incredible strength and durability.
Based on Product, the global Rigid Packaging market has been segmented into bottles & jars, trays, boxes, containers, and cans. The bottles and jars category dominated the global rigid packaging market in terms of value. Products packaged in rigid plastic bottles include water, juice, carbonated soft drinks, cosmetics, food, personal care, and pharmaceuticals.
Regional Analysis
The global Rigid Packaging market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Rigid Packaging market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Rigid Packaging market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Rigid Packaging market comprises of Middle East, Africa, and Latin America.
The Asia-Pacific Rigid Packaging Market dominated this market in 2022. The market is anticipated to reach USD 106,587.14 million in 2021 and increase at a considerable CAGR over the research period. Because rigid packaging is used in the food, beverage, and healthcare industries, the market is anticipated to grow quickly. In addition, the Indian rigid packaging market had the quickest rate of growth in the Asia-Pacific region, while China's rigid packaging industry had the largest market share.
Additionally, Due to stringent legislation promoting environmentally friendly and sustainable packaging, North America is expected to have considerable growth in the rigid packaging industry. The US made the largest financial contribution in North America. Plastic was the material of choice in this area. Market dynamics indicate that laws regulating recycling and sustainability of materials to preserve environmental balance are what are driving demand for bioplastic packaging solutions.
The second-largest market share belongs to the rigid packaging market in Europe. The growing demand for environmentally friendly and relatively inexpensive sustainable packaging materials is driving the local rigid packaging market. In particular for the mentioned categories of "media" and "consumer electronics & computers" (books, music, movies, video games), German consumers prefer online shopping to traditional retailers. According to a poll, 85% of Germans are expected to have done their shopping online by 2020. This trend is expected to persist in the next years, leading to the acceptance of plastic packaging.
Key Findings of the Study
- The global Rigid Packaging market is expected to reach USD 430,586.9 million by 2030, at a CAGR of 6.8% during the forecast period.
- The Asia-Pacific Rigid Packaging Market dominated this market in 2022. The market is anticipated to reach USD 106,587.14 million in 2021 and increase at a considerable CAGR over the research period.
- Based on Product, The bottles and jars category dominated the global rigid packaging market in terms of value.
- Vetropack Holding, Brambles, IPL Plastics, Schoeller Allibert, Schutz GmbH Menasha Corporation and Co, DS Smith, and Myers Industries.
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Companies Covered | 15 |
Pages | 132 |
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