The global rigid packaging market is expected to reach US$ 140 billion by the end of 2028 and is expected to register a significant CAGR of 5.3% during the forecast period till 2028.

Governments around the world are introducing new rules and regulations to reduce plastic waste, which is expected to bolster the growth of the sustainable rigid packaging market says a research report by RationalStat

The "Global Rigid Packaging Market Analysis and Forecast, 2019-2028" report by RationalStat assesses the regional market based on material type, application, and country/region. A detailed market analysis report provides an overall historical and future market size in terms of market value (US$ Million) and market volume ('000 units/tons) with a comprehensive market trend analysis (year-on-year growth).

The report also deals with the market share analysis by key players and segments, sales & revenues of rigid packaging, competition overview, strategic imperatives, plans, and strategies, key applications, potential growth drivers, recent R&D of rigid packaging across the globe, and competition analysis for the target players evaluated in the global rigid packaging market study.

Market Overview and Dynamics

The global rigid packaging market is expected to grow at a robust growth rate of around 5.3% during the forecast period 2022-2028. The industry is expanding as a result of the rising demand for packaged food and beverages, cosmetics and personal care items, and medications. The market is also anticipated to increase as a result of the rising demand for environmentally friendly and sustainable packaging options.

Market Drivers and Trends of the Global Rigid Packaging Market

Asia-Pacific holds a dominant position in the rigid packaging market as a result of the region's rising rapid growth in the pharmaceutical and food and beverage industries, as well as rising strong demand from the food and beverage packaging sector and an increase in consumer spending.
Due to the region's rising demand for eco-friendly packaging, North America is predicted to represent the second-largest share of the market. Due to the region's diversity of packaged food and beverage producers, Europe is anticipated to hold the third-largest market share.

Segmental Analysis: Global Rigid Packaging Market

• On the basis of material type, the paperboard segment holds a major market share as it is environmentally friendly. Due to government strict laws & regulations demand for paperboard packaging solutions is rising which enhances the rigid packaging market growth.
• Based on the application, the food & beverages sector accounts for the major market growth of rigid packaging. As the demand for packaged food is increasing day by day which propel the growth of the market in the upcoming years.

Competition Analysis and Market Structure

The global rigid packaging market is fragmented in nature with the presence of various players operating in the region. Leading companies operating in the rigid packaging market are focusing on introducing new & better technologies such as lightweight, eco-friendly, and sustainable packaging, catering to different niche markets and applications.

Moreover, these players adopt various strategies to increase their market share and gain a competitive edge over other competitors in the rigid packaging market. Mergers and acquisitions, partnerships, and collaborations are some of the strategies followed by industry players. Some of the key developments in the global rigid packaging market include,
• In March 2021, Amcor and the Alliance established a new agreement in March 2021 to eliminate plastic waste. By 2025, this partnership's environmental goal wants all of its packaging to be recyclable or reusable.
• In 2020, Plastipak announced an investment in carbonated beverage bottle bottles with light-weight finishes.

Some of the key players operating in the global rigid packaging market include Amcor Limited, Berry Global Group, Inc., Gerresheimer AG, Crown Holdings, Inc., and Plastic Packaging, Inc., among others.

RationalStat has segmented the global rigid packaging market on the basis of material type, application, and region.
• Global Rigid Packaging Market Value (US$ Million), Volume ('000 units), and Market Share (2019-2028) Analysis by Material Type
o Plastic
o Glass
o Metal
o Paperboard
• Global Rigid Packaging Market Value (US$ Million), Volume ('000 units) and Market Share (2019-2028) Analysis by Application
o Food & Beverages
o Personal care & Cosmetics
o Pharmaceuticals
o Chemical
• Global Rigid Packaging Market Value (US$ Million), Volume ('000 units), and Market Share (2019-2028) Analysis by Region
o North America Rigid Packaging Market
 US
 Canada
o Latin America Rigid Packaging Market
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Rigid Packaging Market
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Rigid Packaging Market
 Russia
 Poland
 Rest of Eastern Europe
o Asia Pacific Rigid Packaging Market
 China
 Japan
 India
 South Korea
 Australia
 ASEAN (Indonesia, Vietnam, Malaysia, etc.)
 Rest of Asia Pacific
o Middle East & Africa Rigid Packaging Market
 GCC
 South Africa
 Turkey
 Rest of the Middle East & Africa

For more information about this report https://store.rationalstat.com/store/global-rigid-packaging-market/

Key Questions Answered in the Rigid Packaging Report:
• What will be the market value of the Global Rigid Packaging Market by 2028?
• What is the market size of the Global Rigid Packaging Market?
• What are the market drivers of the Global Rigid Packaging Market?
• How much Rigid Packaging is sold each year?
• What are the key trends in the Global Rigid Packaging Market?
• Which is the leading region in the Global Rigid Packaging Market?
• What are the major companies operating in the Global Rigid Packaging Market?
• What are the market shares by key segments in the Global Rigid Packaging Market?

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Phone: +1 302 803 5429

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