Rigid Packaging Market By Type (Plastic, Metal, Paper, Glass), By Application (Food & Beverage, Pharmaceuticals, Personal Care), By Region, And Segment Forecasts, 2023 to 2032

The Global Rigid Packaging Market was valued at USD 252.3 billion in 2023 and is projected to reach USD 357.8 billion by 2030, registering a CAGR of 5.0% during the forecast period of 2023-2030. The market's growth is driven by the increasing demand for durable and protective packaging solutions, rising consumer preference for packaged goods, and advancements in packaging technology. Rigid packaging offers superior strength, stability, and protection for products, making it a preferred choice across various industries, including food & beverage, pharmaceuticals, and personal care.

Drivers:

Demand for Durable Packaging, Consumer Preference for Packaged Goods, and Technological Advancements

• Durable Packaging: The growing demand for durable and protective packaging solutions to ensure the safe transportation and storage of products is a major driver for the rigid packaging market. Rigid packaging materials such as plastic, glass, metal, and paperboard offer superior protection against physical damage and environmental factors.

• Packaged Goods: The rising consumer preference for packaged goods, driven by convenience, hygiene, and extended shelf life, is fueling the demand for rigid packaging. The increasing consumption of ready-to-eat foods, beverages, and personal care products is contributing to market growth.

• Technological Innovations: Continuous advancements in packaging technology, including lightweight materials, sustainable packaging solutions, and smart packaging, are enhancing the functionality and appeal of rigid packaging, thereby boosting market growth.

Restraints:

Environmental Concerns and High Material Costs

• Environmental Impact: Concerns about the environmental impact of rigid packaging materials, particularly plastic, are significant barriers to market growth. Issues such as plastic pollution and the carbon footprint associated with production and disposal are driving the demand for more sustainable alternatives.

• Material Costs: The high costs of raw materials, such as metals and certain types of plastics, can increase the overall cost of rigid packaging, posing challenges for manufacturers and impacting market growth.

Opportunity:

Emerging Markets, E-commerce Growth, and Innovations in Sustainable Packaging

• Emerging Markets: The untapped potential in emerging markets presents significant opportunities for market expansion. Increasing urbanization, rising disposable incomes, and changing consumer lifestyles in these regions are expected to drive demand for rigid packaging.

• E-commerce Growth: The rapid growth of e-commerce is fueling the demand for rigid packaging, which provides superior protection and durability during shipping and handling. The need for efficient and secure packaging solutions in the e-commerce sector is creating new growth opportunities.

• Sustainable Packaging: Innovations in sustainable and recyclable rigid packaging materials are addressing environmental concerns and opening new avenues for growth. The development of eco-friendly packaging options is expected to drive the market forward.

  
  

Market by Material Type Insights:

Plastics and metals dominate the Market

• Plastics: This segment emerged as the largest revenue contributor in 2023 and is expected to maintain its dominance during the forecast period. Plastics offer excellent durability, flexibility, and cost-effectiveness, making them a preferred choice for rigid packaging.

• Metal: The demand for metal-based rigid packagings, such as aluminium and steel, is also significant, driven by their superior strength, recyclability, and barrier properties.

Market by End-use Insights:

Food & Beverage Sector Leads the Market

• Food & Beverage: The food & beverage sector accounted for the largest market share in 2023, with over 50%. The demand for rigid packaging in this sector is driven by the need for durable, hygienic, and protective packaging solutions that enhance product shelf life and appeal.

• Pharmaceuticals: The pharmaceutical sector is another significant end-user, utilizing rigid packaging for products such as bottles, blister packs, and vials. The need for tamper-evident, secure, and durable packaging in the pharmaceutical industry is driving demand.

Market by Regional Insights:

Asia-Pacific Holds the Largest Market Share

• Asia-Pacific: The region accounted for more than 35% of the market share in 2023, driven by rapid industrialization, urbanization, and the growing consumer base. The presence of major food & beverage manufacturers and the increasing adoption of rigid packaging in emerging economies like China and India are key factors contributing to the market growth.

Competitive Scenario:

Major players in the Global Rigid Packaging Market include Amcor plc, Berry Global Inc., Crown Holdings, Inc., Ball Corporation, Silgan Holdings Inc., Sonoco Products Company, Sealed Air Corporation, DS Smith Plc, Mondi Group, and Bemis Company, Inc. These companies are driving innovation and market growth through continuous product development and strategic partnerships.

Scope of Work – Global Rigid Packaging Market Report Metric Details

Market Segmentation:

• Based on Material Type:

• Plastics

• Metal

• Glass

• Paperboard

• Others

• Based on End Use:

• Food & Beverage

• Pharmaceuticals

• Personal Care

• Industrial

• Others

• Based on Region:

• North America (U.S., Canada)

• Europe (Germany, France, UK, Rest of Europe)

• Asia-Pacific (China, Japan, India, Rest of Asia-Pacific)

• Latin America (Brazil, Mexico, Rest of Latin America)

• Middle East & Africa (South Africa, UAE, Rest of MEA)

Key Market Developments: 

• September 2022-Borealis partnered with ITC Packaging, one of the leading global European manufacturers of thin wall packaging solutions dedicated to products in contact with food.

• November 2022-The reputable leader in sterilization packaging material manufacturer, STERIMED launched a novel substrate eg. POLYBOND CGP 85 for the customer requirements. The launch is a new addition to a polymer-reinforced cellulose-based portfolio for the healthcare industry.

• October 2021-Pactiv Evergreen Inc. declared that its wholly-owned subsidiary, Pactiv Evergreen Group Holdings Inc., has completed the acquisition of Fabri-Kal, a top manufacturer of food service & consumer brand packaging solutions.

Frequently Asked Questions:

Q1. What is the current market size of the Global Rigid Packaging Market?

Ans. The global rigid packaging market size was estimated at USD 252.3 billion in 2023 and is expected to reach USD 357.8 billion by 2030, registering a CAGR of 5.0% during the forecast period of 2023-2030.

Q2. What are the major growth drivers of the Global Rigid Packaging Market?

Ans. The growth of the Global Rigid Packaging Market is mainly driven by the demand for durable packaging, consumer preference for packaged goods, and technological advancements in packaging.

Q3. Which region holds the largest market share in the Global Rigid Packaging Market?

Ans. Asia-Pacific accounted for more than 35% of the market share in 2023, driven by rapid industrialization, urbanization, and a growing consumer base.

Q4. Which segment accounted for the largest market share in the Global Rigid Packaging Market?

Ans. The plastics segment accounted for the largest market share in 2023.

Q5. Who are the key market players in the Global Rigid Packaging Market?

Ans. Key players include Amcor plc, Berry Global Inc., Crown Holdings, Inc., Ball Corporation, Silgan Holdings Inc., Sonoco Products Company, Sealed Air Corporation, DS Smith Plc, Mondi Group, and Bemis Company, Inc.