Rigid Packaging Market growing at a CAGR of 7.0% from 2024 to 2030

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Rigid packaging, known for its strength and durability, is essential for protecting products during transportation and storage, ensuring they reach consumers in optimal condition.

The food and beverage industry is one of the major consumers of rigid packaging products. Accelerated by rising disposable incomes, the market saw a growing consumption of convenience and ready-to-eat food products such as sausages, bread, and potato chips. These have collectively worked to favor the overall market in emerging economies, including China, India, and the Middle East. In addition, the growing number of food retail outlets and new product launches are estimated to augment the growth of the rigid packaging market.

Furthermore, technological advancements and innovations have been a major market driver. The development of advanced materials, such as biodegradable plastics and lightweight composites, is enhancing the performance and sustainability of rigid packaging. Innovations in packaging design, such as tamper-evident and child-resistant features, have improved product safety and consumer confidence.

Moreover, environmental concerns and sustainability trends played a crucial role in shaping the rigid packaging market. Consumers and manufacturers have become more environmentally conscious, surging demand for recyclable and eco-friendly packaging materials. This shift is particularly evident in the growing preference for paper-based rigid packaging solutions, which offer a sustainable alternative to traditional plastic packaging. Governments and regulatory bodies worldwide have implemented stringent regulations to reduce plastic waste and promote recycling, further boosting the adoption of sustainable rigid packaging options.

Material Insights

Plastics dominated the market and accounted for the largest revenue share of 39.7% in 2023, owing to their versatility, durability, adaptability, and cost-effectiveness. Plastic packaging provides excellent protection for products during transportation and storage while being lightweight, which reduces shipping costs and carbon emissions.  In addition, plastics such as PET (polyethylene terephthalate), PE (polyethylene), and PP (polypropylene) are widely used due to their ability to be molded into various shapes and sizes. These make them suitable for multiple applications across industries, including food and beverages, pharmaceuticals, and personal care sectors. Furthermore, the combination of strength and lightness is particularly advantageous for the e-commerce sector, where the demand for robust yet lightweight packaging solutions is high.

Bioplastics are expected to grow substantially at a CAGR of 8.8% during the forecast period credited to their environmental benefits and increasing consumer awareness about the detrimental effects of conventional plastics on the environment. Bioplastics derived from renewable resources such as corn starch, cellulose, or sugarcane offer eco-friendly alternatives, reducing the reliance on fossil fuels and decreasing carbon footprints. Furthermore, this shift is supported by regulatory initiatives worldwide, as governments implement stringent policies to curb plastic waste and promote the use of biodegradable and compostable materials.

Product Insights

Bottles & jars dominated the market and accounted for the largest revenue share of 51.5% in 2023 attributed to their versatility and widespread use across various industries, including food and beverages, pharmaceuticals, and personal care. Bottles & jars offer excellent protection and preservation for liquids, powders, and solids, which makes them indispensable for packaging a wide range of products. These are designed for easy handling, storage, and dispensing, enhancing the user experience. Features, including resealable lids and ergonomic shapes, cater to modern consumer preferences for convenience and functionality, including freshness and safety.

Drums & barrels are expected to grow at a CAGR of 7.2% during the forecast period, primarily stimulated by industrial demand. These containers are widely used for storing and transporting bulk liquids and solids in chemicals, pharmaceuticals, and food and beverages. Their robust construction and ability to withstand harsh conditions make them ideal for handling hazardous and non-hazardous materials, ensuring product safety and integrity during transit and storage. In addition, with increasing environmental awareness, the market witnessed a growing demand for recyclable and reusable packaging solutions. Drums and barrels made from steel and high-density polyethylene (HDPE) are highly durable and can be reused multiple times, reducing the need for single-use packaging.

Rigid Packaging Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 530.9 billion
Revenue forecast in 2030	USD 796.7 billion
Growth rate	CAGR of 7.0% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 – 2022
Forecast period	2024 – 2030
Quantitative units	Revenue in USD million/billion, volume in kilotons, and CAGR from 2024 to 2030
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Material, product, application, region
Regional scope	North America, Europe, Asia Pacific, Latin America, MEA
Country scope	U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, UAE, Saudi Arabia, South Africa
Key companies profiled	AVERY DENNISON CORPORATION; CCL Industries Inc.; Constantia Flexibles; Coveris; R.R. Donnelley & Sons Company; Lecta Adestor; 3M; Bemis Manufacturing Company; Flexcon Company, Inc.; NORAH Plastics
Customization scope	Free report customization (equivalent to up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.
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