Global Rigid Packaging Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
1 Jun, 2023
The global rigid packaging market size is expected to grow from $207.56 billion in 2022 to $223.47 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global rigid packaging market size is expected to reach $287.42 billion in 2027 at a CAGR of 6.5%.
Global Rigid Packaging Market Key Driver
Consumption of convenience and ready-to-eat food products is likely to drive the rigid packaging industry forward in the coming years. Convenience and ready-to-eat food products include ready-to-eat dry products, pre-packaged salads, snack packs, microwaveable meals, frozen foods, and canned foods, as well as prepared mixes such as cake mix and snack foods. Convenience and ready-to-eat food products are becoming increasingly popular as consumer lifestyles change, such as an increase in the number of working individuals and hectic schedules, resulting in an increase in demand for on-the-go food products. These products require packaging that is easy to handle and transport, and that can protect the food from contamination and damage during transportation, for which rigid packaging is used.
Get a sample of the global rigid packaging market reportGlobal Rigid Packaging Market Segments
The global rigid packaging market 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, Cosumer Goods, Healthcare And Pharmaceuticals, Other Applications
5) By Geography: The regions covered in the rigid packaging market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global rigid packaging market.
Major Rigid Packaging Industry Players
Amcor plc, Reynolds Packaging, Berry Global Inc., Sonoco Products Company, Sealed Air Corporation, Silgan Holdings Inc., Plastipak Holdings Inc., Consolidated Container Company, Ball Corporation, Georgia-Pacific LLC, Crown Holdings Inc., Crown Holdings Inc., Bemis Company Inc., Holmen AB, Mondi plc
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Rigid Packaging Market Overview
Rigid packaging refers to packaging materials that are inflexible and maintain their shape even when they are empty. Rigid packaging is used for storing a variety of items and protecting and transporting products that require a high level of protection.
Rigid Packaging Global Market Report 2023 provides data on the global rigid packaging market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The rigid packaging market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.