Global Rigid Packaging Market Size to worth USD 751.97 Billion by 2033: Forecast Analysis Report

Global Rigid Packaging Market Size to worth USD 751.97 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Rigid Packaging Market Size is Expected to Grow from USD 431.87 Billion in 2023 to USD 751.97 Billion by 2033, at a CAGR of 5.70% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Rigid Packaging Market Size, Share, and COVID-19 Impact Analysis, By Material (Plastic, Metal, Wood, Paper & Paperboard, and Glass), By Product Type (Boxes, Trays, Containers & Cans, Bottles & Jars, Pallets, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.          

Rigid packaging describes packaging created from materials that have not altered their form or shape during regular conditions. They commonly feature containers, including bottles, cans, jars, and boxes. Common materials for making such containers include glass, plastic, metal, and paperboard. Rigid packaging provides the solutions that enable one to ensure that their product remains in the correct integrity, provides protection from contaminants, and offers easy handling and transportation to a safe place of storage. Rigid packaging is widely used in most industries, including food and beverages, pharmaceuticals, personal care, and household products. Furthermore, growth in the rigid packaging market is spurred on by convenience, rising consumer preference towards sustainable, eco-friendly products, and technological advancement that upgrades the life and functionality of the final product. And, increasing demand for e-commerce has seen the necessity to increase sturdy and tamper-evident packaging solutions. However, certain factors restrain market growth. The high cost of production, especially for materials like glass and metal, can limit affordability for some segments.

The plastic segment is anticipated to hold the greatest market share during the projected timeframe.    

Based on the material, the rigid packaging market is divided into plastic, metal, wood, paper & paperboard, and glass. Among these, the plastic segment is anticipated to hold the greatest market share during the projected timeframe. This is primarily due to the material's versatility, cost-effectiveness, and widespread adoption across various industries such as food and beverages, pharmaceuticals, and personal care. Plastic packaging offers significant advantages such as lightweight, durability, and the ability to be molded into various shapes, making it highly suitable for a broad range of applications.

The bottles & jars segment is predicted to hold the greatest market share through the forecast period.

Based on the product type, the rigid packaging market is classified into boxes, trays, containers & cans, bottles & jars, pallets, and others. Among these, the bottles & jars segment is predicted to hold the greatest market share through the forecast period. This is largely due to their widespread use across industries such as food and beverages, pharmaceuticals, cosmetics, and personal care. Bottles and jars provide a reliable, versatile, and protective packaging solution, offering convenience in storage, handling, and transportation.

Asia-Pacific is estimated to hold the largest rigid packaging market share over the forecast period.

Asia-Pacific is estimated to hold the largest rigid packaging market share over the forecast period.  Growth factors of the rigid packaging market include increasing demand for convenience, the rise in consumer preference for sustainable and eco-friendly materials, and growth in packaging technology that helps to increase product shelf life and functionality. The growing demand for e-commerce also has led to an increased demand for strong and tamper-proof packaging solutions.

North America is predicted to have the fastest CAGR growth in the rigid packaging market over the forecast period. The technological advancement in packaging materials drives this growth. This included lightweight designs that reduce material usage without compromising strength and the development of advanced materials with sustainability and cost-effectiveness. These advancements align with the growing emphasis on environmental sustainability and regulatory requirements for reducing plastic waste.

Competitive Analysis

Major key players in the rigid packaging market are AVERY DENNISON CORPORATION, CCL Industries Inc., Constantia Flexibles, Coveris, R.R. Donnelley & Sons Company, Lecta Adestor, 3M, Bemis Manufacturing Company, Flexcon Company, Inc., and NORAH Plastics.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In March 2024, 3M unveiled a revolutionary innovation designed to change shipping and packaging. This new product is intended to improve sustainability and efficiency in logistics, addressing the increasing demand for environmentally friendly solutions. By integrating advanced materials and technologies, 3M's innovation promises to reduce waste and improve the overall shipping process. This initiative reflects the company's commitment to sustainability while providing businesses with practical tools to meet modern packaging challenges effectively.

Market Segment

This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the rigid packaging market based on the below-mentioned segments:

Global Rigid Packaging Market, By Material

• Plastic
• Metal
• Wood
• Paper & Paperboard
• Glass

Global Rigid Packaging Market, By Product Type

• Boxes
• Trays
• Containers & Cans
• Bottles & Jars
• Pallets
• Others

Global Rigid Packaging Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa