Global Rigid Packaging Market Analysis and Forecast, 2019-2028

Introduction

Rigid packaging is a type of packaging that is not easily collapsible, flexible or deformable. It is made from various materials such as plastics, glass, metal and paperboard. Rigid packaging is widely used in various industries, including food and beverage, personal care, pharmaceuticals, and chemicals. The global rigid packaging market is expected to grow significantly over the next few years due to the increasing demand for food and beverages, personal care and cosmetic products, and pharmaceuticals.

The global rigid packaging market is expected to grow significantly in the coming years due to the increasing demand for packaged food and beverages, personal care and cosmetic products, and pharmaceuticals. The increasing adoption of new technologies, such as digital printing, and the growing demand for eco-friendly and sustainable packaging solutions are expected to boost the market growth. The increasing competition among key players is expected to drive innovation and lead to the development of new products and technologies.

Market Overview

The global rigid packaging market size was valued at US$ 102.3 billion in 2020 and is expected to reach over US$ 140.0 billion by 2028, growing at a CAGR of 5.3% during the forecast period 2023-2028. The increasing demand for packaged food and beverages, personal care and cosmetic products, and pharmaceuticals is driving the growth of the market. The increasing demand for eco-friendly and sustainable packaging solutions is also expected to boost the market growth. The increasing adoption of new technologies, such as digital printing, is also expected to contribute to the growth of the market.

Market Segmentation

The global rigid packaging market is segmented into material type, application, and geography. Based on material type, the market is segmented into plastic, glass, metal, and paperboard. Based on application, the market is segmented into food and beverages, personal care and cosmetics, pharmaceuticals, and chemicals. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Geographical Analysis

Geographically, Asia-Pacific is expected to hold the largest share of the global rigid packaging market in 2020 due to the increasing demand for packaged food and beverages, personal care and cosmetic products, and pharmaceuticals in countries such as China, India, and Japan. The region is also expected to witness significant growth in the coming years due to the increasing adoption of new technologies and the growing demand for eco-friendly and sustainable packaging solutions.

North America is expected to hold the second-largest share of the market due to the increasing demand for packaged food and beverages and the presence of major players in the region. Europe is expected to hold the third-largest share of the market due to the increasing demand for packaged food and beverages and the presence of major players in the region.

Competitive Landscape

The global rigid packaging market is highly competitive and is characterized by the presence of a large number of global and regional players. Key players operating in the market include Amcor Limited, Berry Global Group, Inc., Gerresheimer AG, Crown Holdings, Inc., and Plastic Packaging, Inc. These players are focusing on strategic initiatives, such as mergers and acquisitions, partnerships and collaborations, and new product launches, to expand their market presence.