Rigid Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user and Region

The global rigid packaging market is expected to witness a continuous uptrend in the near future, primarily driven by the increasing manufacturing output worldwide. A forthcoming research study by the analyst reveals that the demand for rigid packaging will remain on the rise, largely due to the growing expenditure on packaged products. The evolving consumer preferences towards the packaged food industry are also expected to contribute to the growth of rigid packaging solution providers. With advancements in technology and innovative developments in the packaging industry, rigid packaging has become the preferred choice for various industrial sectors, including healthcare, pharma, chemicals, consumer goods, food and beverages, and beauty and personal care.

Rigid Packaging's Ability to Offer Excellent Protection and Storage Drives Adoption

The report highlights that the ability of rigid packaging formats to provide excellent protection and long-term storage in a secure environment will be a prime factor fueling its adoption in the global market. The attributes of being stronger, lighter, shatter-resistant, and offering excellent barrier properties will continue to drive demand through 2025. The market for rigid packaging solutions sees strong growth prospects, particularly in end-use sectors involving bulk packaging applications. The unprecedented expansion of e-commerce and the surging demand for convenient packaging solutions across all product categories are also key factors contributing to market growth.

F&B Sector Presents Remunerative Opportunities

Bottles and cans have been the preferred rigid packaging options for many food and beverages companies. The thriving convenience foods sector is expected to boost demand for rigid packaging. The F&B industry will continue to experience growth opportunities due to the increasing world population, rising demand for food supply, and the proliferation of processed food facilities worldwide. The demand for economic, aseptic, spill-free, and damage-resistant packaging formats is expected to sustain both the food supply industries and rigid packaging businesses.

Plastic Remains Highly Sought-after; Paperboard Emerges as Lucrative

According to the material-wise analysis of the global rigid packaging market, plastic continues to be the most preferred choice compared to glass, metal, and paperboard. Plastic containers are expected to witness continued demand growth due to their cost benefits over other materials. The compatibility of plastics with various processing technologies, resealing capabilities, opening and dispensing features, and graphical printing technologies will sustain demand throughout the forecast period. Superior shatter resistance is also a significant factor driving the preference for plastics in rigid packaging.

On the other hand, metal cans remain a popular choice due to their durability, longer shelf-life, higher recyclability, tamper resistance, and economical price point. As concerns around the sustainability of packaging materials escalate, paperboard is gaining traction as an eco-friendly alternative. Its relatively competitive pricing structure, lighter weight, and compatibility for high-quality graphics will further enhance its market attractiveness in the near future. The maximum gains are expected to come from the increasing adoption in e-commerce, followed by the manufacturing, medical, F&B, and beauty and personal care industries.

Asia Pacific Offers Multiple Opportunities

Fast-developing Asian economies such as China, India, and Indonesia present substantial growth potential in the rigid packaging space. The report attributes this to the rapidly expanding economies of these countries and their booming manufacturing sectors. Significant gains are expected from the booming e-commerce market, as well as flourishing markets for fast-moving consumer goods, electronics, and convenience food products.

Key Market Players

The global rigid packaging market report provides valuable insights into the most prominent players operating in the market. Some of the key companies include Amcor Limited, Bemis Company, Sealed Air Corporation, Alpla, Reynolds Group Holdings, Berry Global Group Inc., Mondi Group, Sonoco Products Co, Silgan Holdings Inc., Holmen AB, Pactiv LLC, Georgia-Pacific LLC, Crown Holdings Inc., Gerresheimer AG, and DS Smith Plc.