Press release
Rigid Packaging Market Set to Reach $775.44 Billion by 2029 with 6% Yearly Growth
Rigid Packaging Market Size
The rigid packaging market is poised for growth influenced by the increasing demand for environmentally friendly and sustainable packaging. This refers specifically to packaging solutions that minimize ecological damage and are viewed as potential substitutes for plastic or other harmful metal packaging. Rigid packaging types like cans, ampoules, and bottles offer prolonged storage, superior product safety, and cut down on food waste and supplementary packaging need. For instance, the UK-based not-for-profit, Ellen MacArthur Foundation, aimed, in 2022, to ensure all plastic packaging is either reusable, recyclable, or compostable, while boosting the proportion of post-consumer recycled content. As such, it is clear that the rigid packaging market is driven by the augmenting requirement for more eco-friendly and sustainable packaging.
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What growth opportunities are expected to drive the rigid packaging market's CAGR through 2034?
In the past few years, the size of the rigid packaging market has expanded significantly. From $577.87 billion in 2024, it is projected to increase to $609.27 billion in 2025, with a compound annual growth rate (CAGR) of 5.4%. The expansion during the historic period can be linked to factors such as material innovation, changes in consumer tastes, globalization, the surge in e-commerce, and improvements in supply chain efficiency.
The size of the rigid packaging market is predicted to experience robust expansion in the upcoming years. The market value is forecasted to reach "$775.44 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.2%. Factors such as circular economy initiatives, shifting consumer preferences, efforts to reduce climate change, customization and personalization, adoption of sustainable practices, and optimization of logistics contribute to this expected growth. Essential trends in the forecast period encompass sustainability initiatives, pioneering materials and technologies, impact of e-commerce, cost-effectiveness, and refining the supply chain, alongside brand uniqueness.
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What are the emerging trends shaping the future of the rigid packaging market?
Firms within the rigid packaging market are emphasizing partnerships and collaborations to bolster their economic viability and product range. This strategy involves tapping into each other's robust capabilities and resources to secure mutual benefits and prosperity. Illustratively, in February 2023, a strategic alliance was formed between TotalEnergies, a French global energy and petroleum corporation, and Ecolab, an American company providing various services, including technology and systems related to water treatment, purification, cleaning, and hygiene. They collaborated to introduce plastic packaging that incorporates recycled materials suitable for heavy-duty use. Within the RE:clic circular polymers portfolio, the RE:use range introduced this innovative product, which merges post-consumer resin with high-performance booster resin. It aims to ensure efficient resource circulation while maintaining the same performance level.
Which growth-oriented segments of the rigid packaging market are leading the industry's development?
The rigid packaging market covered in this report is segmented -
1) By Product Type: Boxes, Trays, Containers And Cans, Bottles And Jars, Other Product Types
2) By Raw Material: Polyethylene (PE), Polyethylene Terephthalate (PET), Polystyrene (PS), Polypropylene (PP), Polyvinyl Chloride (PVC), Expanded Polystyrenes (EPs), Bioplastics, Other Raw Materials
3) By Production Process: Extrusion, Injection Molding, Thermoforming, Other Production Processes
4) By Application: Food And Beverages, Chemical Industry, Consumer Goods, Healthcare And Pharmaceuticals, Other Applications
Subsegments:
1) By Boxes: Folding Cartons, Rigid Boxes, Corrugated Boxes
2) By Trays: Blister Trays, Food Trays, Medical Trays
3) By Containers And Cans: Plastic Containers, Metal Cans, Glass Containers
4) By Bottles And Jars: Plastic Bottles, Glass Bottles, Jars
5) By Other Product Types: Tubs, Buckets, Pallets
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What regions are leading the charge in the rigid packaging market?
Asia-Pacific was the largest region in the rigid packaging market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global rigid packaging market report during the forecast period. The regions covered in the rigid packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the rigid packaging market?
Major companies operating in the rigid packaging market include Amcor plc, Reynolds Packaging, Berry Global Inc., Sonoco Products Company, Sealed Air Corporation, Silgan Holdings Inc., Plastipak Holdings Inc., Consolidated Container Company, Ball Corporation, Crown Holdings Inc., Mondi plc, Alpla Werke Alwin Lehner GmbH & Co KG, DS Smith Plc, Graham Packaging Company, Huhtamaki Inc., Albea Group, Pactiv LLC, Takween Advanced Industries, Al Jabri Plastic Factory, Anivive Lifesciences, Ardagh Group SA, Brambles Ltd., Grief Inc., IPL Plastics, SABIC, Schoeller Allibert, Vetropack Holding
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What Is Covered In The Rigid Packaging Global Market Report?
• Market Size Forecast: Examine the rigid packaging market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the rigid packaging market for a structured understanding.
• Key Players Overview: Analyze major players in the rigid packaging market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the rigid packaging market.
• Segment Contributions: Evaluate how different segments drive overall growth in the rigid packaging market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the rigid packaging market.
• Industry Challenges: Identify potential risks and obstacles affecting the rigid packaging market.
• Competitive Landscape: Review strategic developments in the rigid packaging market, including expansions, agreements, and new product launches.
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