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The global rigid packaging market size was valued at USD 412.76 billion in 2022 and is projected to grow from USD 431.97 billion in 2023 to USD 625.54 billion by 2030, exhibiting a CAGR of 5.43% during the forecast period.
Rigid packaging can be termed a solution that cannot bend or be forced out of shape. It provides structure and support for packaging products and is gaining increased demand due to its strength, durability, and barrier properties. This packaging is significant for transportation across longer distances as it helps keep the products safer for longer. Packaging is gaining popularity among several end-use industries, such as cans, ampoules, aerosol containers, bottles, pallets, and jars. High impact strength, high barrier, and high stiffness properties offered by the packaging solution have led to the expansion of the global market in recent years.
COVID-19 Outbreak Led to a Slowdown in the Production of Rigid Packaging Products
The sudden COVID-19 outbreak harmed end-use industries across the globe. Many governments imposed lockdowns and temporary business shutdowns, which caused a slowdown in the production of packaging products. Unavailability of labor and fluctuation in raw materials prices were observed. It further hampered the growth of the global market. However, with increasing instances of the virus, the need for pharmaceutical products witnessed huge demand, thus driving market growth. Moreover, the growing demand for convenience food products and development in the e-commerce industry are expected to impact the market in the post-pandemic phase positively.
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Upsurge in Demand for Paper Packaging Emerges as a Key Trend
The growing environmental concerns among manufacturers and consumers have boosted the demand for paper packaging solutions. The major players of rigid packaging focus on paper-based substitutes owing to rising plastic waste and its hazardous environmental effects. The sustainability trend focusing on paper packaging is booming as a significant trend in the global market. Government bodies and organizations in several developed and developing economies have increased their focus on the sustainable environment. They have established stringent regulations and laws to protect the environment, promoting products made with recycled paper and contributing to the growth of the sustainable rigid packaging market. For instance, on November 17, 2020, the EPA Administrator at the America Recycles Summit declared the National Recycling Goal to raise the U.S. recycling rate to 50% by 2030.
Increasing Demand for Rigid Packaging in the Food & Beverages Industry Bolsters Market Growth
The increasing demand for rigid packaging products in the food and beverages industry drives the market growth globally. The food & beverages industry is a major consumer of stiff packaging products due to its varied features such as strength, high barrier, and durability. This packaging is gaining traction in recent years as it is unlikely to affect the quality and flavor of food products. It also prevents exposure to light and heat and is temperature tolerant, further retaining the freshness of food products. Rising consumption of convenience, packaged, & ready-to-eat food products is anticipated to boost the market in the forthcoming years. The changing consumer lifestyles, eating habits, and burgeoning consumption of bread, sausages, and several other snacks are expected to flourish the market growth. Increasing demand for packaging of packed bottled water, liquor, and energy drinks also aids the global rigid packaging market growth.
Significant Benefits Offered by Rigid Packaging to Contribute to Market Expansion
The market is witnessing massive growth due to excellent barriers, high stiffness, high strength, and recyclable properties offered. The packaging prevents contamination, protects the products, simplifies storage & shipping, and eases the process of handling packed products in bulk quantity. It provides an isolated inert environment for the product during transportation and storage, further enabling safe goods shipments over long distances. Such significant benefits are enhancing the growth of the market worldwide. Furthermore, as inflexible packaging enables spill-proof packaging of liquid items, including beverages, chemicals, and minerals, it is gaining huge global demand among the pharmaceuticals and food & beverage industries. The utilization of this packaging for heavy-duty, secondary, and bulk packaging is anticipated to aid the market growth over the forecast period.
Shifting Raw Material Prices and Increasing Demand for Flexible Packaging Restrict the Market Growth
Fluctuation in raw material prices required to manufacture the packaging products is the key factor hampering the growth of the global market. High costs associated with developing the packaging products are also estimated to limit market expansion. Moreover, there is a continuous increase in demand for flexible packaging solutions globally. Factors such as portability, less manufacturing cost, convenience, sustainability, and health benefits offered by flexible packaging boost the demand for flexible packaging. Packaging converters & manufacturers thus prefer flexible materials to the standard rigid materials, further hampering the market growth.
Plastic is the Dominating Segment Owing to the Varied Features Offered by the Material
Based on material, the market is segmented into plastic, metal, wood, paper & paperboard, and glass. Plastic materials hold the highest share of the global market. Plastic packaging materials are widely used to develop inflexible packaging products by manufacturers globally. High strength, stability, and easy molding into various shapes & sizes are the fundamental properties that lead to the growth of the plastic segment in the global market. Rigid plastic is mainly preferred over any other material owing to its less weight, cost, and formability characteristics.
Containers & Cans Hold the Largest Share Owing to their Versatile & Recyclable Properties
Based on product type, the market is segmented into boxes, trays, containers & cans, bottles & jars, pallets, and others. Containers & cans segment is the dominating segment of the global market. Containers & cans are used on a large scale in several end-use industries such as food and beverages, household, and personal care owing to their versatile and recyclable properties. Glass cans or containers maintain and preserve the freshness of the food products for a more extended period. Additionally, the external features do not affect the products, thus leading to huge demand. New product launches by manufacturers also contribute to the growth of the segment.
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Food & Beverages Dominates the Market Due to the Widespread Usage of Stiff Packaging in the Food Industry
Based on end-use industry, the market is segmented into food & beverages, pharmaceuticals, personal care & cosmetics, electrical & electronics, household, e-commerce, and others. The food & beverages segment is the leading end-use industry of the market. The augmenting demand for packaged and processed food products owing to the changing lifestyle trends is the key factor driving the growth of the food and beverage end-use industry. Moreover, the rising consumption of ready-to-eat food products also aids the segment's growth. Increasing retail food outlets and development in food products are projected to boost segment growth in the forthcoming years.
Asia Pacific Rigid Packaging Market Size, 2022 (USD Billion)
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The global market is analyzed across Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa.
Asia Pacific dominates the global rigid packaging market share. The rapid expansion of the food & beverage and pharmaceutical industries drives the growth of the market in the region. Emerging economies, such as India and China, are anticipated to expand rapidly over the forecast period. North America is the second-most dominating region of the global market. The increasing demand for rigid plastic packaging from several end-use industries, changing lifestyle trends, and rising urban population propel the market growth in this region. The Europe market is expected to grow at a moderate rate. The key factors that enhance the market growth are the emerging personal care industries and surge in demand for processed and packaged foods among consumers in the region. Latin America is considered one of the world's promising regions. The growth can be attributed to the changing consumer lifestyle and increasing disposable incomes. The Middle East and Africa market will experience steady growth due to rising developments in healthcare and cosmetics industries in the region.
Key Participants in the Market Observing Significant Growth Opportunities
The global market is competitive and highly fragmented. In terms of market share, a few major rigid packaging players dominate the market by offering innovative packaging. These players are constantly focusing on expanding their customer base across regions.
A few major players in the market include ALPLA Werke Alwin Lehner, Amcor Plc, Ardagh Group SA, Ball Corporation, and others. Other players operating in the market are focused on delivering advanced packaging solutions.
An Infographic Representation of Rigid Packaging Market
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The global rigid packaging market research report provides a detailed analysis of the market and focuses on key aspects such as key players, competitive landscape, product/service types, Porters five forces analysis, and leading applications of the product. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the above factors, the report encompasses several factors that contributed to the market's growth in recent years.
CAGR of 5.43% from 2023 to 2030
Value (USD Billion)
By Product Type
By End-use Industry
The Fortune Business Insights study shows that the global market was USD 412.76 billion in 2022.
The global market is projected to grow at a CAGR of 5.43% over the forecast period.
The market size of Asia Pacific stood at USD 180.05 billion in 2022.
The plastic segment dominates the global market share due to significant features offered by the material.
The global market size is expected to reach USD 625.54 billion by 2030.
The key market drivers are increasing demand for rigid packaging in the food & beverages industry and the significant benefits offered by such packaging.
The top players in the market are ALPLA Werke Alwin Lehner, Amcor Plc, Ardagh Group SA, and Ball Corporation.
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