Press release
Rigid Packaging Market to Develop New Growth Story 2024 - 2031 | Amcor Limited, DS Smith Plc., Holmen AB
Rigid Packaging Market
Global rigid packaging market is estimated to be valued at USD 227.36 Bn in 2024 and is expected to reach USD 311.48 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
Market Dynamics:
Increased demand for sustainable packaging from consumers and regulations favoring eco-friendly materials are fueling the growth of the rigid packaging market. Growing awareness about the need to reduce plastic waste and environmental protection is prompting companies to offer rigid packaging made from recycled content or materials that can be reused and recycled easily. Regulatory push for sustainable alternatives to single-use plastics across regions like Europe and North America is also driving the preference for rigid packaging solutions made from recycled plastics, metal, glass etc. Additionally, the demand from industries like food & beverage and pharmaceutical for durable and protective packaging is expected to support market growth over the forecast period.
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Rigid Packaging Market Drivers: Growing Demand for Convenience Packaged Foods
The growing demand for convenience packaged foods among consumers is driving the growth of the rigid packaging market. People have become increasingly busy and demanding convenient packaging solutions for fast consumption of food products on-the-go. Rigid packaging provides stability and durability for transporting and stacking food products like canned foods, bottles, and jars without spillage or damage. The rigid design allows for compact storage and protects the contents from external factors like moisture, oxygen, and microbial contamination, thus extending the shelf life. Various rigid packaging materials like glass, plastic, metal are often used for convenience foods like ready meals, frozen food, chips, snacks, and beverages. The increasing popularity of processed and pre-packaged foods is contributing significantly to the revenues of rigid packaging manufacturers and suppliers.
Rigid Packaging Market Opportunity: Innovations in Barrier Coatings
Advancements in coating technologies provide lucrative opportunities for rigid packaging manufacturers to expand their solutions portfolio and gain competitive differentiation. Innovative barrier coatings play a pivotal role in enhancing the shelf life of products packaged in rigid containers by blocking oxygen, moisture, grease, light, and microbial threats. Emerging technologies for developing efficient barrier coatings include plasma treatments, siliconization, ion implantation, and nanocoatings. They help rigid packaging perform at par or better than flexible formats in aspects like containment, oxidation prevention, and product protection. This boosts the usage prospects of rigid packaging across various temperature-sensitive categories like snacks, frozen food, beverages, dairy, sauces, and personal care. Ongoing R&D towards eco-friendly and recyclable barrier materials can further expand the addressable market for rigid packaging. Overall, continuous innovations in specialized barrier coatings open up new application areas and market opportunities for rigid packaging manufacturers worldwide.
Rigid Packaging Market Trends: Rising Focus on Sustainable Design
Sustainability has become a prominent market trend catalyzing innovations in the rigid packaging sector. There is a growing consumer demand for eco-friendly packaging made from recycled content to minimize waste generation. Brand owners are also compelled by regulatory pushes and their own sustainability commitments to opt for greener rigid packaging options. This has prompted packaging designers and manufacturers to optimize designs for improved recyclability, higher recycle
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Top Companies Included in This Report:
★ Amcor Limited
★ DS Smith Plc.
★ Holmen AB
★ Plastipak Holding
★ Berry Plastics Corporation
★ Reynolds Group Holdings Limited
★ Sealed Air Corporation
★ Resilux NV
★ Sonoco Products Company
★ Silgan Holdings.
★ EPL Limited
★ Time Technoplast Ltd.
★ Manjushree Technopack Ltd.
★ Rishi FIBC Solutions Private Limited
★ Tripak Solutions
★ Bulkcorp International Private Limited
★ Parekhplast India Limited
★ Pearlpet (Pearl Polymers Limited)
★ Pyramid Technoplast Pvt. Ltd
★ Regent Plast Pvt. Ltd.
Based on Applications:
★ By Application: Food & Beverage, Chemical Industry, Consumer Goods, Healthcare & Pharmaceuticals, Others
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Latest Trends in the Navigation Rigid Packaging Market:
💡 Surging Demand: Witness a rising demand for navigation Rigid Packaging owing to the escalating usage of GPS-enabled devices and the imperative for precise, up-to-date mapping data.
💡 Innovations in Technology: Witness the emergence of novel technologies aimed at enhancing the precision and dependability of navigation Rigid Packaging, encompassing real-time traffic updates, 3D mapping, and augmented reality.
💡 Tailored Solutions for Diverse Industries: Companies are tailoring navigation Rigid Packaging solutions to cater to the distinct requirements of various sectors such as automotive, aviation, and maritime.
💡 Fusion with Emerging Technologies: Observe the integration of navigation Rigid Packaging with cutting-edge technologies like artificial intelligence and the Internet of Things, facilitating the provision of advanced functionalities.
💡 Rise of Mobile Applications: Experience the proliferation of navigation Rigid Packaging in the form of mobile applications, offering enhanced convenience and accessibility to users.
💡 Emphasis on Environmental Sustainability: Witness the development of navigation Rigid Packaging systems that consider environmental factors such as traffic congestion and air quality, fostering the provision of sustainable transportation alternatives.
Frequently Asked Questions (FAQs) for Global Navigation Rigid Packaging Market Research:
What are the critical factors that companies should prioritize when entering the Navigation Rigid Packaging market?
What is the growth rate of the Navigation Rigid Packaging Market?
What is the current size of the Navigation Rigid Packaging Market?
Which region demonstrates the highest growth rate in the Navigation Rigid Packaging Market?
Which region commands the largest share in the Navigation Rigid Packaging Market?
Who are the key players operating in the Navigation Rigid Packaging Market?
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Author Bio:
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)
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