Global Rigid Packaging Market – Industry Trends and Forecast to 2030

Rigid Packaging Market Analysis and Size

Rigid packaging is defined as a type of variant of packaging which involves the usage of high strength, sustainable packaging methods such as bioplastics, paper & paperboard, wood, metals. This type of packaging helps in keeping the contents of the package safe and secure, protecting the contents from the various harmful external factors. This type is majorly used for in the transportation of the products as it keeps these contents safe over a longer period of time.

Data Bridge Market Research analyses that the global rigid packaging market which was USD 394.51 billion in 2022, is expected to reach USD 589.76 billion by 2030, growing at a CAGR of 5% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Rigid Packaging Market Scope and Segmentation

Market Definition

Rigid packaging refers to packaging materials and containers that are stiff and inflexible. These types of packaging are designed to protect products from damage, contamination, and environmental factors during storage and transportation. Rigid packaging is commonly used for various consumer and industrial products.

Global Rigid Packaging Market Dynamics

Drivers

• Rising Growth of the E-commerce Industry

Over the past decade, the e-commerce industry has experienced significant growth. This growth is characterized by an increasing number of consumers turning to online shopping platforms to purchase a wide range of products, from electronics and clothing to groceries and household items. This trend has been further accelerated by factors like convenience, access to a broader range of products, and the impact of the COVID-19 pandemic, which encouraged more people to shop online to avoid physical stores. In the e-commerce industry, packaging plays a crucial role in ensuring that products are delivered to customers in good condition. Unlike traditional brick-and-mortar stores, where customers can physically inspect products before purchasing, e-commerce customers rely heavily on the packaging to protect their orders during transit. This places a premium on secure and protective packaging materials.

• Rising Change in the Lifestyle Patterns Acts

The food and beverage industry is one of the largest and most essential consumer goods sectors globally. As populations increase and lifestyles change, the demand for packaged food and beverages continues to rise. This demand is driven by factors such as convenience, changing dietary habits, and the busy lifestyles of consumers. Food and beverage products, whether they are perishable or non-perishable, have specific packaging requirements. Packaging in this industry must preserve product freshness, prevent contamination, extend shelf life, and meet regulatory requirements for food safety. Additionally, the packaging must be functional for ease of use and convenience for consumers.

Opportunities

• Increasing Change in Demographic Trend

Demographic trends refer to changes in the characteristics of a population over time. These trends include factors such as population size, age distribution, urbanization, income levels, and cultural preferences. Demographic shifts can be driven by birth rates, death rates, migration, and other social and economic factors. Changing demographics often lead to shifts in consumer preferences and behaviors. For example, as populations age, there may be an increased demand for convenience foods, ready-to-eat meals, and single-serving portions. Younger generations may prioritize sustainability and eco-friendly packaging materials. The packaging industry, including rigid packaging, must adapt to these evolving consumer preferences. diverse consumer segments.

• Rising Change in The Lifestyle Patterns

Lifestyle patterns refer to the way people live, their habits, routines, and choices in various aspects of life. Lifestyle patterns can change over time due to factors such as cultural shifts, technological advancements, economic conditions, and societal influences. Changes in lifestyle patterns often have a direct impact on consumer behaviour, including their purchasing habits and preferences. For example, if there is a trend toward busier and more on-the-go lifestyles, consumers may opt for convenience foods and beverages that require reliable and portable packaging. Many lifestyle changes are driven by a desire for convenience. Consumers today often seek products that align with their fast-paced lives, leading to an increased demand for packaging that is easy to open, resealable, and suitable for on-the-go consumption.

Restraint/Challenge

• Environmental Concerns and Sustainability

Increasing global awareness of environmental issues and a growing commitment to sustainability are putting pressure on the rigid packaging industry. Rigid packaging materials like plastics, glass, and metals often have higher environmental footprints compared to flexible and eco-friendly alternatives. This has led to concerns about plastic pollution, non-recyclable packaging, and excessive use of resources in rigid packaging production. As a result, companies in the rigid packaging sector are facing demands to adopt more sustainable practices, reduce plastic waste, and develop eco-friendly packaging solutions. Meeting these demands while maintaining cost-effectiveness and product protection can be a significant challenge for the industry.

This global rigid packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global rigid packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In February 2020, Plastipak made a significant investment in advanced lightweight finish technology specifically designed for carbonated beverage bottles
• In June 2020, Amcor strengthened its presence in engineering and design technology by developing an innovative 900-ml Polyethylene Terephthalate (PET) bottle for edible oil in Brazil. This custom-designed container boasts a remarkable 22% reduction in weight compared to competing bottles available in the market
• In March 2021, Amcor unveiled a new partnership with Alliance, consisting of 57 member companies united in their mission to combat plastic waste. Amcor's involvement in this initiative is at the Executive Committee Level. This aligns with Amcor's 2025 Sustainability Pledge, which aims to make 100% of its packaging recyclable or reusable by the year 2025

Global Rigid Packaging Market Scope

Global rigid packaging market is segmented on the basis of material, application type and product type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

Material

• Plastic
• Metal
• Wood
• Glass
• Paper & Paperboard.

Application Type

• Food & Beverages
• Chemical Industry
• Consumer Goods
• Healthcare & Pharmaceutical
• Other

Product Type

• Boxes
• Trays
• Containers & Cans
• Bottles & Jars
• Other Frozen

Global Rigid Packaging Market Regional Analysis/Insights

Global rigid packaging market is analysed and market size, volume information is provided by material, application type and product type as referenced above.

The countries covered in the global rigid packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates global rigid packaging market due to rising rapid expansion of the pharmaceutical and food & beverage sectors along with increasing strong demand from the food and beverage packaging industry and increase in the consumption of consumer goods in this region. Europe is the expected region in terms of growth in global rigid packaging market due to increasing change in demographic trend and rising change in the lifestyle patterns in this region.

The country section of the global rigid packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Rigid Packaging Market Share Analysis

The global rigid packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global rigid packaging market.

Some of the major players operating in the global rigid packaging market are:

• Amcor Limited (Australia)
• COVERIS (Austria)
• Reynolds (U.S.)
• Berry Global Inc (U.S.)
• ALPLA (Austria)
• Sonoco Products Company (U.S.)
• Sealed Air (U.S.)
• Silgan Holdings Inc. (U.S.)
• Plastipak Holdings Inc. (U.S.)
• Consolidated Container Company (U.S.)
• BALL CORPORATION (U.S.)
• DS Smith (U.K.)
• Georgia-Pacific (U.S.)
• Holmen Group (Sweden)
• Mondi (Austria)
• Sirap Group (Italy)
• Tetra Pak International (Sweden)
• WestRock Company (U.S.)
• RESILUX NV (Belgium)
• Ardagh Group S.A. (Luxembourg)

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