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Rigid Packaging Market to Reach US$ 800 Bn by 2030

The worldwide Rigid Packaging market measurement is anticipated to achieve USD 800 billion by 2030 and is anticipated to increase at a CAGR of 5.8% from 2021 to 2030.

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Rigid packaging includes usage of materials such as rigid plastics, metal, glass, and other for packaging applications. A wide variety of rigid packaging materials has been developed over a period of time.

The global market growth is largely driven by increasing consumer goods demand, improving packaging recycling rates, and low cost of rigid plastic packaging. However, the rigid packaging market growth is restrained by factors such as increasing adoption of flexible packaging materials, Eurozone economic uncertainty, fluctuating raw material prices and stringent regulations.

Growing Popularity of Cans and Containers to Propel Market Growth

There are different types of rigid packaging materials that are available in the global market. Most common type of these packaging materials are in the form of cans and containers. These cans and containers are deployed for transporting and storing a wide range of products such as liquids, lotions, oils, beverages, and food among others. Due to the growing demand of these products across the globe, it is expected to have a highly positive impact on the overall development of the global rigid packaging market.

High Preference for Lightweight Flexible Packaging Hindering Growth of Rigid Packaging Market

The shift from conventional rigid packaging to the new and advanced flexible form of packaging hampers the growth of the rigid packaging market. The volume of raw material required for manufacturing rigid packaging is substantially higher than that required for flexible packaging, which makes it an unattractive option for packaging manufacturers. Increasing consumer preference for lightweight and durable packaging is also supporting adoption of flexible packaging, which restricts growth of the rigid packaging market. However, concerns of regulatory authorities regarding lack of proper disposal of waste generated by flexible packaging can provide new opportunities for players in the rigid packaging market.

Paper and Paperboard Material to Emerge as Preferred Material for Manufacturers of Rigid Packaging

Rigid packaging is manufactured from denser and thick material. The paper& paperboard segment is expected to account for nearly 36% of the rigid packaging market, as this type of packaging is eco-friendly and easy to recycle.

Plastic containers are expected to gain more traction during the forecast period, attributable to the easy customization and visual appeal of these containers. Moreover, these plastic containers are manufactured in accordance with regulations of the FDA for food contact materials, which makes them suitable for packaging various food products.

Material Analysis

Plastic dominated the market with a revenue share of 42% in 2020. Advantages of plastic such as high strength and stability have made it a popular material for manufacturing rigid packaging products. Besides, it can be molded into various shapes and sizes, without compromising on its quality.

Metals used include aluminum, stainless steel, and tin. Aluminum is the most widely used metal for rigid packaging. Containers and cans are some of the commonly made packing products from metals. Metals are often used due to their extremely high strength and durability. It is more commonly used as a tertiary source of packing, forming the outermost packaging layer, which is not in immediate contact with the product.

Paper was one of the most widely used materials in 2020. It can be used in making both, rigid as well as flexible packaging products. The fact that paper & paperboard can be recycled has made it a common material in the industry. Cost-effectiveness and easy availability of paper & paperboard is contributing to the growth of the segment. The segment accounted for a volume share of 75% in 2020.

Glass is considered to be a sustainable material in the market, as it can be completely recycled. Spiraling demand for glass from the personal care sector is also projected to play a major role in the coming years. Moreover, increasing use of glass bottles in the beverage and pharmaceuticals industries is likely to stimulate the growth of the overall market.

Report Coverage Details
Market Size US$ 800 Billion by 2030
Growth Rate CAGR of 5.8% from 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Material, Application, Product
Regional Scope North America, Latin America, Europe, Asia Pacific, MEA
Companies Mentioned Reynolds Group Holding, Amcor Limited, Sonoco, Bemis Company Inc, Sealed Air Corporation, Plastipak Holdings, Inc., Berry Plastics Corporation, Coveris Holdings S.A., Consolidated Container Company, DS Smith PLC, Silgan Holdings, Inc.

Application Analysis

In terms of application, the food & beverage sector was at the forefront of the rigid packaging market in 2020. Increasing demand for packaged food owing to changing lifestyles is poised to be one of the key growth stimulants of the segment. Flourishing beverage industry, led by products such as liquor and energy drinks, is resulting in boost in the demand for rigid packaging.

Pharmaceutical packaging is carried out in order to keep medicines free from getting contaminated and prevent microbial growth. Proper packaging helps in increasing the shelf life of drugs. Increased spending on medicines and medical devices is estimated to stir up the demand for rigid packaging.

Personal care packaging includes packing of products such as cosmetics and toiletries. This industry has witnessed phenomenal growth over the past few years owing to growing importance of grooming and hygiene. Rising awareness about health and wellness in developing countries is also anticipated to spur the growth of the segment.

Other applications include the industrial and electronics sectors. Increasing utilization of electronic devices including smartphones, tablets, and laptops is expected to supplement the growth of the segment over the forecast period. Proliferation of smart devices in emerging regions such as Asia Pacific and Central & South America is also playing a pivotal role in the growth of the overall market.

Regional Analysis

Asia Pacific accounted for a major revenue share of 50% of the global market in 2020. This region is driven by rapid expansion of the pharmaceutical and food & beverage sectors. Besides, emerging economies such as China and India are projected to register sharp rise in the demand for rigid packaging over the forecast period.

U.S. was the leading revenue contributor in North America. Plastic was the most popular material in this region in 2015. Robust growth of the food & beverage industry is one of the key factors propelling the regional market. Regulations regarding recycling and sustainability of materials in order to maintain environmental balance are triggering the demand for bioplastic packaging solutions.

Central & South America is considered to be one of the promising regions of the world. This region comprises some of the emerging countries such as Brazil, Argentina, Colombia, and Chile. Similar to Asia Pacific, this region is likely to witness rapid expansion of the food & beverages and personal care industries; thereby, positively influencing the global market.

Key Players

The market is fragmented in nature and is dominated by players such as Reynolds Group Holding, Amcor Limited, Sonoco, and Bemis Company Inc. Other key players include Sealed Air Corporation, Plastipak Holdings, Inc., Berry Plastics Corporation, Coveris Holdings S.A., Consolidated Container Company, DS Smith PLC, Silgan Holdings, Inc., and Ball Corporation.

Market Segmentation

By Material Type

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

By Product Type

  • Boxes
  • Trays
  • Containers & Cans
  • Bottles & Jars
  • Others

By Application Type

  • Food & Beverages
  • Chemical & Petrochemical Industry
  • Consumer Goods
  • Healthcare & Pharmaceuticals
  • Other Industries

By Region Type

  • North America
  • Latin America
  • Europe
  • Asia
  • MEA

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Research Methodology: This section discusses about the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

Table of Contents

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Rigid Packaging Market, By Product

7.1. Rigid Packaging Market, by Product Type, 2021-2030

7.1.1. Boxes

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Trays

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. Containers & Cans

7.1.3.1. Market Revenue and Forecast (2017-2030)

7.1.4. Bottles & Jars

7.1.4.1. Market Revenue and Forecast (2017-2030)

7.1.5. Others

7.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Rigid Packaging Market, By Application

8.1. Rigid Packaging Market, by Application, 2021-2030

8.1.1. Food & Beverages

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Chemical & Petrochemical Industry

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Consumer Goods

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Healthcare & Pharmaceuticals

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Other

8.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Rigid Packaging Market, By Material 

9.1. Rigid Packaging Market, by Material, 2021-2030

9.1.1. Plastic

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Metal

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Glass

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. Wood

9.1.4.1. Market Revenue and Forecast (2017-2030)

9.1.5. Paper & Paperboard

9.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Rigid Packaging Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Product (2017-2030)

10.1.2. Market Revenue and Forecast, by Application (2017-2030)

10.1.3. Market Revenue and Forecast, by Material (2017-2030)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.1.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.1.4.3. Market Revenue and Forecast, by Material (2017-2030)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.1.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.1.5.3. Market Revenue and Forecast, by Material (2017-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.3. Market Revenue and Forecast, by Material (2017-2030)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.4.3. Market Revenue and Forecast, by Material (2017-2030)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.5.3. Market Revenue and Forecast, by Material (2017-2030)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.6.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.6.3. Market Revenue and Forecast, by Material (2017-2030)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.7.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.7.3. Market Revenue and Forecast, by Material (2017-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.3. Market Revenue and Forecast, by Material (2017-2030)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.4.3. Market Revenue and Forecast, by Material (2017-2030)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.5.3. Market Revenue and Forecast, by Material (2017-2030)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.6.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.6.3. Market Revenue and Forecast, by Material (2017-2030)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.7.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.7.3. Market Revenue and Forecast, by Material (2017-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.3. Market Revenue and Forecast, by Material (2017-2030)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.4.3. Market Revenue and Forecast, by Material (2017-2030)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.5.3. Market Revenue and Forecast, by Material (2017-2030)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.6.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.6.3. Market Revenue and Forecast, by Material (2017-2030)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.7.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.7.3. Market Revenue and Forecast, by Material (2017-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.5.3. Market Revenue and Forecast, by Material (2017-2030)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.5.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.5.4.3. Market Revenue and Forecast, by Material (2017-2030)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.5.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.5.5.3. Market Revenue and Forecast, by Material (2017-2030)

Chapter 11. Company Profiles

11.1. Reynolds Group Holding

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Amcor Limited

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Sonoco

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Bemis Company Inc

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Sealed Air Corporation

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Plastipak Holdings, Inc.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Berry Plastics Corporation

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Coveris Holdings S.A.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Consolidated Container Company

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. DS Smith PLC

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

11.11. Silgan Holdings, Inc.

11.11.1. Company Overview

11.11.2. Product Offerings

11.11.3. Financial Performance

11.11.4. Recent Initiatives

11.12. Ball Corporation

11.12.1. Company Overview

11.12.2. Product Offerings

11.12.3. Financial Performance

11.12.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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