1. What is the projected Compound Annual Growth Rate (CAGR) of the Rigid Packaging Market?
The projected CAGR is approximately 5.67%.
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Rigid Packaging MarketRigid Packaging Market by Material (Plastic, Metal, Wood, Paper & Paperboard, Glass), by Product Type (Boxes, Trays, Containers & Cans, Bottles & Jars, Pallets, Others), by End-use Industry (Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, Electrical & Electronics, Household, E-commerce, Others), by North America (U.S., Canada), by Europe (Germany, France, U.K., Italy, Spain, Russia, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa) Forecast 2026-2034
The Rigid Packaging Market size was valued at USD 431.97 USD Billion in 2023 and is projected to reach USD 635.50 USD Billion by 2032, exhibiting a CAGR of 5.67 % during the forecast period. Rigid packages are made of materials like wood, glass, and metal among other things. There are different industries that use this kind of packaging. It helps to protect goods from the environment within which they are sold or transported. In this regard, rigid packaging means some sort of protection while using it. Bottles, jars, cans, boxes, and tubes are some of the most common types of rigid packaging. Rigid packaging elements also include closures, seals, and labeling, adding to its functionality and branding value. Rigidity, tamper resistance, and the ability to maintain product integrity are some of the advantages of rigid packaging. The current trends within the market include the use of eco-friendly materials and advanced packaging technologies for sustainability and recyclability, and newer designs for upgraded user experience.
Material:
Product Type:
End-use Industry:
November 2022: STERIMED launched POLYBOND CGP 85, an innovative substrate for the healthcare industry.
September 2022: Borealis and ITC Packaging collaborated to develop sustainable packaging formats for food-contact applications.
October 2021: Pactiv Evergreen acquired Fabri-Kal, a leading manufacturer of food service and consumer brand packaging solutions.
Our meticulously crafted comprehensive report on the rigid packaging market delivers unparalleled depth and breadth of insight into the industry's intricacies, encompassing:
The Asia Pacific region is expected to dominate the global rigid packaging market, followed by North America and Europe.
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 5.67% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 5.67%.
Key companies in the market include ALPLA Werke Alwin Lehner (Austria), Amcor Plc (Australia), Ardagh Group SA (Luxembourg), Ball Corporation (U.S.), Can Corporation of America Inc. (U.S.), Crown Holdings Inc. (U.S.), DS Smith Plc (U.K.), Gerresheimer AG (Germany), Graham Packaging Co. LP (U.S.), KP Holding GmbH and Co. KG (Germany).
The market segments include Material, Product Type, End-use Industry.
The market size is estimated to be USD 431.97 USD Billion as of 2022.
Increasing Demand for Rigid Packaging in the Food & Beverages Industry Bolsters Market Growth.
Upsurge in Demand for Paper Packaging Emerges as a Key Trend.
Shifting Raw Material Prices and Increasing Demand for Flexible Packaging Restrict the Market Growth.
November 2022 - The world's leading sterilization packaging material manufacturer, STERIMED, launched an innovative substrate, POLYBOND CGP 85, especially for the requirements of customers. The launch is a new addition to a polymer-reinforced cellulose-based portfolio for the healthcare industry.
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The market size is provided in terms of value, measured in USD Billion and volume, measured in Million Tons.
Yes, the market keyword associated with the report is "Rigid Packaging Market," which aids in identifying and referencing the specific market segment covered.
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