Rigid Packaging Market Research Report Information By Material (Metals, Plastics, Glass, and Paperboard), By Product (Bottle & Jars, Trays, Boxes, Containers, and Cans), By Application (Food & Beverage, Healthcare, Personal Care, and Consumer Goods), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030

Rigid Packaging Market Overview

Rigid packaging market Size was estimated at USD 254,384.6 million in 2021. The rigid packaging industry is projected to grow from USD 271,682.7 million in 2022 to USD 430586.9 million by 2030, exhibiting a compound annual growth rate (CAGR) of 6.8% during the forecast period (2022 - 2030). Soaring demand for environmentally friendly and sustainable packaging is the key market driver fueling the market. Over the market forecast, it is probable that developing economies, particularly those in China, India, Brazil, and South East Asia, will experience robust expansion in their manufacturing sectors.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Rigid Packaging Market Trends

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  Growing demand from the paper packaging industry to boost the market growth

  
  

The trend in consumer preference for paper-based substitutes is a result of the environmental concerns surrounding plastic usage in packaging. Governments and organizations must take the lead in transforming the sector by establishing stringent laws and regulations that protect the environment and promote products made of recycled paper. The EPA Administrator, on November 17, 2020, at the America Recycles Summit, announced the National Recycling Goal to raise the U.S. recycling rate to 50% by 2030. Compared to other materials like metal and plastic, paper packaging materials may be recycled and reused considerably more easily. This is why paper packaging is regarded as the most economical and eco-friendly type of packaging.

Figure1: Estimated market value of personal care, home care, and healthcare paper packaging worldwide

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

According to market research, reusing and recycling packaging materials has garnered much attention internationally during the past several years. Recycling is converting trash into a product that may be used once more. Recycling rigid plastic packaging reduces the requirement for raw materials, reducing air and water pollution, and reducing greenhouse gas emissions. Only 5% to 6%, or roughly two million tonnes, of the 40 million tonnes of plastic garbage produced in the U.S. in 2021 were recycled. Many governments and industry players have devised plans to reduce plastic waste through recycling. Therefore, the trend of recycling plastic has enhanced the global rigid packaging market CAGR in recent years.

The lifestyles of most consumers in emerging economies are influenced by trends such as an increase in the proportion of working women and the prevalence of nuclear and double-income families, particularly in urban regions. According to market statistics women's involvement in the workforce peaked in 2021 at 57.8%, the greatest level since March 2020, the first month of the epidemic. With the desire for on-the-go products that cut down on cooking time caused by busier lifestyles, the market for rigid packaging has grown, which affects the rigid plastic packaging market. The demand for rigid packaging in emerging nations will also be fueled by rising disposable income and rising packaged-goods consumption.

According to market report, governments are putting money into developing nations' healthcare systems on multiple continents to respond to the outbreak. According to projections, the need for rigid plastic packaging will increase globally as the healthcare industry expands. For instance, according to the staff research report for the "US-China Economic and Security Review Commission," the Chinese healthcare sector will be worth 16 trillion RMB (USD 2.3 million) by 2030. The expanding healthcare industry is another factor driving the rigid packaging market revenue.

Rigid Packaging Market Segment Insights

Rigid Packaging Material Insights

The global market segmentation, based on material, includes metals, plastics, glass, and paperboard. The plastic segment held the majority share in 2021 in the global rigid packaging market revenue. With its tremendous strength and stability, plastic is a preferred material for making rigid packaging products. One of the most popular materials was paper. It can be used to create goods with rigid and flexible packaging. Paper and paperboard are frequently used in the business because they can be recycled.

Rigid Packaging Product Insights

Based on product, the global rigid packaging industry has been segmented into bottles & jars, trays, boxes, containers, and cans. In terms of value, the bottles and jars segment dominated the global rigid packaging market. Water, juice, carbonated soft drinks, cosmetics, food, personal care, and pharmaceutical products are just a few products packaged in rigid plastic bottles. The boxes also witnessed significant growth. The expansion of e-commerce among emerging nations has increased the market size and demand for rigid packaging. Hence, rising applications of e-commerce positively impact market growth for rigid packaging.

Rigid Packaging Application Insights

Figure 2: Global Rigid Packaging Market, by Surgery, 2021& 2030 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The global market data has been bifurcated by surgery into food & beverage, healthcare, personal care, and consumer goods. The food & beverage industry led the market for rigid packaging in terms of application. One of the main factors driving the segment's growth is expected to be the rising demand for packaged food due to changing lifestyles.

November 2020: Amcor used cutting-edge engineering and design technology to create Brazil's lightest 900-ml Polyethylene Terephthalate (PET) bottle for edible oil. The custom-designed container for agribusiness and food producer Bunge in So Paulo is 22% lighter than competitive bottles, resulting in increased productivity and sustainability benefits. This creation has further broadened the growth opportunity for the rigid packaging industry.

The second fastest-growing segment in the rigid packaging industry is the healthcare sector. Drugs have a longer shelf life when they are packaged properly. It is predicted that rising medical device and drug spending will increase demand for rigid packaging.

Rigid Packaging Regional Insights

By region, the study provides rigid packaging market insights into Europe, North America, Asia-Pacific, and the Rest of the World. Asia-Pacific rigid packaging market accounted for USD 106,587.14 million in 2021 and is expected to exhibit a significant CAGR growth during the study period. The rigid packaging market is expected to propel due to rigid packaging applications in the food, beverage, and healthcare sectors. Moreover, China's rigid packaging market held the largest market share, and the Indian rigid packaging market was the fastest-growing market in the Asia-Pacific region.

Furthermore, the major countries studied in the rigid packaging market report are The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: GLOBAL RIGID PACKAGING MARKET SHARE BY REGION 2021 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

North America is predicted to have significant rigid packaging market growth due to strict legislation promoting eco-friendly and sustainable packaging, North. In North America, the US contributed the most money. In this area, plastic was the material of choice. According to market dynamics, the demand for bioplastic packaging solutions is driven by laws requiring recycling and sustainability of materials to maintain environmental balance. In June 2020, the Chairwoman of the House Science Subcommittee on Research and Technology, along with Anthony Gonzalez (OH-16), launched bipartisan legislation to reduce plastic waste and improve the worldwide competitiveness of the US plastics recycling industry.

Europe's rigid packaging market accounts for the second-largest market share. The local rigid packaging market is being driven by the rising demand for eco-friendly and comparatively affordable sustainable packaging materials. German customers prefer online shopping to traditional stores, notably for the stated categories of "media" and "consumer electronics & computers" (books, music, movies, video games). A survey estimates that in 2020, 85% of Germans will have done their shopping online. It is anticipated that this tendency will continue in the upcoming years, resulting in the acceptance of plastic packaging. Further, the German rigid packaging market dominated the market, and the UK rigid packaging market was the fastest-growing market in the European region.

Rigid Packaging Key Market Players & Competitive Insights

Major market players are investing a lot of money in R&D to expand their product portfolios, which will spur further market growth for rigid packaging. With key market developments like new product releases, contractual agreements, mergers & acquisitions, increased investments, and collaboration with other organizations, global rigid packaging market participants are also undertaking various strategic activities to expand their global presence. To grow and remain in a market that is becoming increasingly competitive, rigid packaging industry competitors must provide affordable products.            

Manufacturing locally to cut operational costs is one of the main business tactics used by the rigid packaging industry to serve customers and increase the market sector. The market industry has recently given medicine some of the most important advantages. Market players, including Medtronic Inc. (Ireland), Abbott Laboratories (US), Stryker Corporation (US), and others, are attempting to increase market demand by funding R&D initiatives.

Amcor provides societal and economic advantages to people and communities worldwide who depend on essential energy. It is one of the world's largest integrated energy and chemicals companies. For instance, in March 2021, Amcor announced a new collaboration with the Alliance to End Plastic Waste. Amcor has announced its membership in the Alliance to End Plastic Waste's Executive Committee (the Alliance).

Also, Myers Industries, Inc. is a major producer of polymer products for the industrial, agricultural, automotive, commercial, and consumer markets. Myers Industries has grown into a leading polymer manufacturer of material handling containers and a distributor of tire repair and retread products for domestic and international markets. For instance, in October 2022, Myers Industries, Inc, a customer-centric innovator of engineered plastics solutions for over 85 years, will showcase items from their entire materials handling segment portfolio at Pack Expo, which will take place October 23-26, 2022, in Chicago, Illinois. Attendees will be able to validate the performance of high-value storage and handling containers and bin-matched industrial shelving for usage in the reusable packaging sector.

List of the key companies in the rigid packaging market include

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  Brambles

  
  


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  Vetropack Holding

  
  


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  Schoeller Allibert

  
  


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  IPL Plastics

  
  


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  Menasha Corporation

  
  


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  Schutz GmbH and Co

  
  


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  DS Smith

  
  


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  Myers Industries

  
  

Market Developments

June 2020: Aramco announced the completion of its share acquisition from the Public Investment Fund of 70% ownership in Saudi Basic Industries Corporation (SABIC) (PIF). The SABIC stake acquisition contributes to Aramco's long-term downstream strategy of increasing integrated refining and petrochemical capacity and creating value through integration across the hydrocarbon chain.

February 2020: TEQ Thermoform Engineered Quality, a global maker of thermoformed packaging for the healthcare, medical device, and consumer markets, was acquired by Sonoco, and all of its manufacturing locations are scheduled to be renamed and branded only as TEQ.

Rigid Packaging Segmentation

Rigid Packaging Material Outlook

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  Metals

  
  


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  Plastics

  
  


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  Glass

  
  


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  Paperboard

  
  

Rigid Packaging Product Outlook

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  Bottle & Jars

  
  


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  Trays

  
  


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  Boxes

  
  


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  Containers

  
  


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  Cans

  
  

Rigid Packaging Application Outlook

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  Food & Beverage

  
  


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  Healthcare

  
  


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  Personal Care

  
  


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  Consumer Goods

  
  

Rigid Packaging Regional Outlook

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  North America

  
  
  
  
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    US

    
    
  
  
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    Canada

    
    
  
  
  
  


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  Europe

  
  
  
  
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    Germany

    
    
  
  
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    France

    
    
  
  
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    UK

    
    
  
  
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    Italy

    
    
  
  
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    Spain

    
    
  
  
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    Rest of Europe

    
    
  
  
  
  


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  Asia-Pacific

  
  
  
  
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    China

    
    
  
  
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    Japan

    
    
  
  
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    India

    
    
  
  
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    Australia

    
    
  
  
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    South Korea

    
    
  
  
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    Australia

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America