The Rigid Packaging Market size was USD 214.74 billion in 2023 and is expected to Reach USD 305.39 billion by 2031 and grow at a CAGR of 4.5% over the forecast period of 2024-2031.
A rigid packaging which includes the exploitation of high strength, environmentally friendly packaging techniques like bioplastics, paper & paperboard, wood and metals is considered to be a type of packaging. The use of this type of packaging can help to ensure the safety and secureness of the package's contents, which are protected against a number of adverse environmental factors. This type is primarily intended for the carriage of products as it prevents their contents from being damaged over a longer period.
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KEY DRIVERS:
Increasing demand for packaged food and beverages
Growth of the food and beverage sector will be projected at a compound annual growth rate of 5.1%. Factors such as an increase in urbanity, a rise in income levels and the change of lifestyles are driving this growth. In terms of foodstuffs and beverages, rigid packaging is regarded as the most suitable option because it offers a high level of protection from moisture, oxygen or contaminants such as these.
Increased awareness of the importance of sustainability
RESTRAIN:
The rising cost of raw materials
The growth of rigid packaging market is being hampered by high cost of raw materials such as plastic, metal, glass and paperboard. A significant impact on the profitability of rigid packaging producers can be attributed to price fluctuations in these raw materials.
Rigid packaging, which may have a negative impact on the environment, is often made from unbiodegradable materials such as plastic
OPPORTUNITY:
Growth in demand for premium packaging
With rising consumer disposable income, there is an increased demand for luxury packaging. Rigid packaging, due to the many benefits offered by it such as enhanced product protection, ease of marking and improved visual appeal, is perfectly suited for use in luxury packaging applications.
The development of new packaging printing technologies
CHALLENGES:
Meeting sustainability regulations
Governments and consumers are increasingly pushing rigid packaging producers to come up with more sustainable solutions. This is a challenge for manufacturers as they have to develop new packaging solutions from renewable materials, capable of recyclability or composting.
The negative impact on the rigid packaging market was also due to sanctions against Russia imposed by the West. In view of these sanctions, the importation of raw materials and packaging material is becoming harder for Russia's companies. In Russia, there are shortages of packaging materials and higher prices as a result. Since the beginning of the war, raw material costs for rigid packaging have increased by 30%. War has led to a considerable increase in the transport costs of rigid packaging materials. Factors such as the increase in fuel prices, extended shipping routes and increased insurance costs are also to blame. The cost of transporting rigid packaging materials has increased by 10-15% since the start of the war. In 2023, it is expected that plastic production in Europe will decrease by 5%. As a result, Europe is largely dependent upon Russian gas to meet its energy needs.
Russia is one of the biggest gas exporting countries, a key feedstock in producing ethylene, which is an essential raw material for plastic production. The war led to a sharp decline in Russian gas exports, which pushed up the price of ethylene.
In all key industries, including food and beverages, pharmaceuticals, cosmetic products and electronics, the recession is anticipated to negatively impact demand for flexible paper packaging. The most important segment in the rigid packaging market is food and beverage, which will account for more than 50% of its share by 2021. In the food and beverage industry, it is estimated that the recession has a decisive impact on demand for flexible packaging.
The most widely used material in rigid packaging is plastic. In view of the fact that consumers and business are looking for more cost efficient and viable packaging solutions, the recession is projected to have a negative effect on demand for polystyrene Rigid Packaging. Another material of great use for rigid packaging is metal. Due to the need of more efficient packaging solutions by consumers and businesses, the recession is expected to have a negative impact on demand for metal rigid packaging.
The current recession is having an adverse impact on the world Rigid Packaging market. As a result of the economic crisis, demand for rigid packaging is declining as consumers and businesses reduce their spending. The greatest impact on the demand for flexible plastic packaging and metal flexible packaging is anticipated to be caused by the recession. The demand for paperboard rigid packaging is also expected to increase as a result of the recession.
By Material
Plastic
Metal
Glass
Paperboard
Others
In terms of material type, plastic is the largest segment of the rigid packaging market, accounting for more than 42% of the market in 2023.
By Product Type
Bottles & Jars
Trays
Containers
Tubs
Cans
By Application
Food & Beverage
Personal Care
Consumer Goods
Healthcare
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The largest segment of the rigid packaging market, accounting for more than 50% of market share in 2023, is food and beverages.
Asia Pacific is the dominating region for rigid packaging in the world due to rising rapid expansion of the pharmaceutical and food industries, as well as increased strong demand from the food and beverage packaging industry which increases consumer consumption throughout this region. The Asia Pacific region holds the revenue of around 110 Billion in the year 2023. China holds the major market share and India is the fastest growing market.
Europe is the second largest rigid packaging market. The demand for the ecofriendly packaging is giving boost to the market growth in the region. Germany is the largest market in the region. UK is the fastest growing market for the rigid packaging.
North America region will show significant growth over the forecast period. This is due to the stringent rules and regulation in the region.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Rigid Packaging market are DS Smith, Vetropack Holding, Myers Industries, Brambles, Schoeller Allibert, Schutz GmBH and Co, IPL Plastics, Menasha Corporation, Aramco, Berry Global and other players.
In September 2023, A new Sustainable Rigid Packaging solution is being developed by Berry Global, one of the largest suppliers of packaging and engineered products. The new packaging shall make use of a material derived from plant materials that is compostable and recyclable.
Aramco successfully completed the acquisition of a 70 % shareholding in Saudi Basic Industries Corporation from the Public Investment Fund.
| Report Attributes | Details |
| Market Size in 2023 | US$ 214.74 Bn |
| Market Size by 2031 | US$ 305.39 Bn |
| CAGR | CAGR of 4.5 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Material (Plastic, Metal, Glass, Paperboard) • by Product Type (Bottles & Jars, Trays, Containers, Cans) • by Application (Food & Beverage, Personal Care, Consumer Goods, Healthcare) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | DS Smith, Vetropack Holding, Myers Industries, Brambles, Schoeller Allibert, Schutz GmBH and Co, IPL Plastics, Menasha Corporation, Aramco, Berry Global |
| Key Drivers | • Increasing demand for packaged food and beverages • Increased awareness of the importance of sustainability |
| Key Restraints | • The rising cost of raw materials • Rigid packaging, which may have a negative impact on the environment, is often made from unbiodegradable materials such as plastic. |
Ans: The Rigid Packaging Market is expected to grow at a CAGR of 4.5%.
Ans: The Rigid Packaging Market size was USD 214.74 billion in 2023 and is expected to Reach USD 305.39 billion by 2031 .
Ans: Increasing demand for packaged food and beverages is driving the market growth.
Ans: The rising cost of raw materials will hamper the market growth.
Ans: Asia Pacific is the dominating region for rigid packaging in the world due to rising rapid expansion of the end use industries.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Rigid Packaging Market Segmentation, By Material
8.1 Plastic
8.2 Metal
8.3 Glass
8.4 Paperboard
8.5 Others
9. Rigid Packaging Market Segmentation, By Product Type
9.1 Bottles & Jars
9.2 Trays
9.3 Containers
9.4 Tubs
9.5 Cans
10. Rigid Packaging Market Segmentation, By Application
10.1 Food & Beverage
10.2 Personal Care
10.3 Consumer Goods
10.4 Healthcare
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Rigid Packaging Market by Country
11.2.2 North America Rigid Packaging Market By Material
11.2.3 North America Rigid Packaging Market by Product Type
11.2.4 North America Rigid Packaging Market by Application
11.2.5 USA
11.2.5.1 USA Rigid Packaging Market By Material
11.2.5.2 USA Rigid Packaging Market by Product Type
11.2.5.3 USA Rigid Packaging Market by Application
11.2.6 Canada
11.2.6.1 Canada Rigid Packaging Market By Material
11.2.6.2 Canada Rigid Packaging Market by Product Type
11.2.6.3 Canada Rigid Packaging Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Rigid Packaging Market By Material
11.2.7.2 Mexico Rigid Packaging Market by Product Type
11.2.7.3 Mexico Rigid Packaging Market by Application
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Rigid Packaging Market by Country
11.3.1.2 Eastern Europe Rigid Packaging Market By Material
11.3.1.3 Eastern Europe Rigid Packaging Market by Product Type
11.3.1.4 Eastern Europe Rigid Packaging Market by Application
11.3.1.5 Poland
11.3.1.5.1 Poland Rigid Packaging Market By Material
11.3.1.5.2 Poland Rigid Packaging Market by Product Type
11.3.1.5.3 Poland Rigid Packaging Market by Application
11.3.1.6 Romania
11.3.1.6.1 Romania Rigid Packaging Market By Material
11.3.1.6.2 Romania Rigid Packaging Market by Product Type
11.3.1.6.4 Romania Rigid Packaging Market by Application
11.3.1.7 Turkey
11.3.1.7.1 Turkey Rigid Packaging Market By Material
11.3.1.7.2 Turkey Rigid Packaging Market by Product Type
11.3.1.7.3 Turkey Rigid Packaging Market by Application
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Rigid Packaging Market By Material
11.3.1.8.2 Rest of Eastern Europe Rigid Packaging Market by Product Type
11.3.1.8.3 Rest of Eastern Europe Rigid Packaging Market by Application
11.3.2 Western Europe
11.3.2.1 Western Europe Rigid Packaging Market by Country
11.3.2.2 Western Europe Rigid Packaging Market By Material
11.3.2.3 Western Europe Rigid Packaging Market by Product Type
11.3.2.4 Western Europe Rigid Packaging Market by Application
11.3.2.5 Germany
11.3.2.5.1 Germany Rigid Packaging Market By Material
11.3.2.5.2 Germany Rigid Packaging Market by Product Type
11.3.2.5.3 Germany Rigid Packaging Market by Application
11.3.2.6 France
11.3.2.6.1 France Rigid Packaging Market By Material
11.3.2.6.2 France Rigid Packaging Market by Product Type
11.3.2.6.3 France Rigid Packaging Market by Application
11.3.2.7 UK
11.3.2.7.1 UK Rigid Packaging Market By Material
11.3.2.7.2 UK Rigid Packaging Market by Product Type
11.3.2.7.3 UK Rigid Packaging Market by Application
11.3.2.8 Italy
11.3.2.8.1 Italy Rigid Packaging Market By Material
11.3.2.8.2 Italy Rigid Packaging Market by Product Type
11.3.2.8.3 Italy Rigid Packaging Market by Application
11.3.2.9 Spain
11.3.2.9.1 Spain Rigid Packaging Market By Material
11.3.2.9.2 Spain Rigid Packaging Market by Product Type
11.3.2.9.3 Spain Rigid Packaging Market by Application
11.3.2.10 Netherlands
11.3.2.10.1 Netherlands Rigid Packaging Market By Material
11.3.2.10.2 Netherlands Rigid Packaging Market by Product Type
11.3.2.10.3 Netherlands Rigid Packaging Market by Application
11.3.2.11 Switzerland
11.3.2.11.1 Switzerland Rigid Packaging Market By Material
11.3.2.11.2 Switzerland Rigid Packaging Market by Product Type
11.3.2.11.3 Switzerland Rigid Packaging Market by Application
11.3.2.1.12 Austria
11.3.2.12.1 Austria Rigid Packaging Market By Material
11.3.2.12.2 Austria Rigid Packaging Market by Product Type
11.3.2.12.3 Austria Rigid Packaging Market by Application
11.3.2.13 Rest of Western Europe
11.3.2.13.1 Rest of Western Europe Rigid Packaging Market By Material
11.3.2.13.2 Rest of Western Europe Rigid Packaging Market by Product Type
11.3.2.13.3 Rest of Western Europe Rigid Packaging Market by Application
11.4 Asia-Pacific
11.4.1 Asia-Pacific Rigid Packaging Market by country
11.4.2 Asia-Pacific Rigid Packaging Market By Material
11.4.3 Asia-Pacific Rigid Packaging Market by Product Type
11.4.4 Asia-Pacific Rigid Packaging Market by Application
11.4.5 China
11.4.5.1 China Rigid Packaging Market By Material
11.4.5.2 China Rigid Packaging Market by Product Type
11.4.5.3 China Rigid Packaging Market by Application
11.4.6 India
11.4.6.1 India Rigid Packaging Market By Material
11.4.6.2 India Rigid Packaging Market by Product Type
11.4.6.3 India Rigid Packaging Market by Application
11.4.7 Japan
11.4.7.1 Japan Rigid Packaging Market By Material
11.4.7.2 Japan Rigid Packaging Market by Product Type
11.4.7.3 Japan Rigid Packaging Market by Application
11.4.8 South Korea
11.4.8.1 South Korea Rigid Packaging Market By Material
11.4.8.2 South Korea Rigid Packaging Market by Product Type
11.4.8.3 South Korea Rigid Packaging Market by Application
11.4.9 Vietnam
11.4.9.1 Vietnam Rigid Packaging Market By Material
11.4.9.2 Vietnam Rigid Packaging Market by Product Type
11.4.9.3 Vietnam Rigid Packaging Market by Application
11.4.10 Singapore
11.4.10.1 Singapore Rigid Packaging Market By Material
11.4.10.2 Singapore Rigid Packaging Market by Product Type
11.4.10.3 Singapore Rigid Packaging Market by Application
11.4.11 Australia
11.4.11.1 Australia Rigid Packaging Market By Material
11.4.11.2 Australia Rigid Packaging Market by Product Type
11.4.11.3 Australia Rigid Packaging Market by Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Rigid Packaging Market By Material
11.4.12.2 Rest of Asia-Pacific Rigid Packaging Market by Product Type
11.4.12.3 Rest of Asia-Pacific Rigid Packaging Market by Application
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Rigid Packaging Market by Country
11.5.1.2 Middle East Rigid Packaging Market By Material
11.5.1.3 Middle East Rigid Packaging Market by Product Type
11.5.1.4 Middle East Rigid Packaging Market by Application
11.5.1.5 UAE
11.5.1.5.1 UAE Rigid Packaging Market By Material
11.5.1.5.2 UAE Rigid Packaging Market by Product Type
11.5.1.5.3 UAE Rigid Packaging Market by Application
11.5.1.6 Egypt
11.5.1.6.1 Egypt Rigid Packaging Market By Material
11.5.1.6.2 Egypt Rigid Packaging Market by Product Type
11.5.1.6.3 Egypt Rigid Packaging Market by Application
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Rigid Packaging Market By Material
11.5.1.7.2 Saudi Arabia Rigid Packaging Market by Product Type
11.5.1.7.3 Saudi Arabia Rigid Packaging Market by Application
11.5.1.8 Qatar
11.5.1.8.1 Qatar Rigid Packaging Market By Material
11.5.1.8.2 Qatar Rigid Packaging Market by Product Type
11.5.1.8.3 Qatar Rigid Packaging Market by Application
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Rigid Packaging Market By Material
11.5.1.9.2 Rest of Middle East Rigid Packaging Market by Product Type
11.5.1.9.3 Rest of Middle East Rigid Packaging Market by Application
11.5.2 Africa
11.5.2.1 Africa Rigid Packaging Market by Country
11.5.2.2 Africa Rigid Packaging Market By Material
11.5.2.3 Africa Rigid Packaging Market by Product Type
11.5.2.4 Africa Rigid Packaging Market by Application
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Rigid Packaging Market By Material
11.5.2.5.2 Nigeria Rigid Packaging Market by Product Type
11.5.2.5.3 Nigeria Rigid Packaging Market by Application
11.5.2.6 South Africa
11.5.2.6.1 South Africa Rigid Packaging Market By Material
11.5.2.6.2 South Africa Rigid Packaging Market by Product Type
11.5.2.6.3 South Africa Rigid Packaging Market by Application
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Rigid Packaging Market By Material
11.5.2.7.2 Rest of Africa Rigid Packaging Market by Product Type
11.5.2.7.3 Rest of Africa Rigid Packaging Market by Application
11.6 Latin America
11.6.1 Latin America Rigid Packaging Market by country
11.6.2 Latin America Rigid Packaging Market By Material
11.6.3 Latin America Rigid Packaging Market by Product Type
11.6.4 Latin America Rigid Packaging Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Rigid Packaging By Material
11.6.5.2 Brazil Rigid Packaging by Product Type
11.6.5.3 Brazil Rigid Packaging by Application
11.6.6 Argentina
11.6.6.1 Argentina Rigid Packaging By Material
11.6.6.2 Argentina Rigid Packaging by Product Type
11.6.6.3 Argentina Rigid Packaging by Application
11.6.7 Colombia
11.6.7.1 Colombia Rigid Packaging By Material
11.6.7.2 Colombia Rigid Packaging by Product Type
11.6.7.3 Colombia Rigid Packaging by Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Rigid Packaging By Material
11.6.8.2 Rest of Latin America Rigid Packaging by Product Type
11.6.8.3 Rest of Latin America Rigid Packaging by Application
12 Company profile
12. DS Smith
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Vetropack Holding
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Myers Industries
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Brambles
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Schoeller Allibert
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Schutz GmBH and Co
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 IPL Plastics
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Menasha Corporation
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Aramco
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Berry Global
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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