The Rigid Packaging Global Market Report 2023, provides comprehensive information on the rigid packaging market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
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According to The Business Research Company’s Rigid Packaging Global Market Report 2023, the global rigid packaging market is set to expand from $207.56 billion in 2022 to $223.47 billion in 2023, with a projected compound annual growth rate (CAGR) of 7.7%. The ongoing Russia-Ukraine conflict has temporarily impeded the global economic recovery from the COVID-19 pandemic, causing economic sanctions, commodity price surges, and supply chain disruptions, thereby affecting various sectors. Nevertheless, the global rigid packaging market is anticipated to achieve a size of $287.42 billion by 2027, driven by a CAGR of 6.5%.
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In the rigid packaging market, a prominent trend is the focus on product innovation. Leading industry players are dedicated to developing innovative solutions, including sustainable materials, active packaging, seaweed packaging, and water-soluble packaging. For instance, in October 2022, Sterimed, a France-based medical packaging company, introduced Polybond CGP, a novel substrate for rigid packaging. This product is characterized by its sustainable attributes, with 70% less plastic and a substantial use of components derived from renewable resources and bio-sourced carbon. Its innovative fiber mesh structure, combining cellulose with synthetic binders, sets it apart in the market. This exemplifies the industry’s commitment to environmentally friendly and innovative packaging solutions.
The 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, Consumer Goods, Healthcare And Pharmaceuticals, Other Applications
Asia-Pacific was the largest region in the rigid packaging market in 2022.
Top 5 Major Key Players Are:
Amcor plc
Reynolds Packaging
Berry Global Inc
Sonoco Products Company
Sealed Air Corporation
Table Of Contents
1. Executive Summary
2. Rigid Packaging Market Characteristics
3. Rigid Packaging Market Trends And Strategies
4. Rigid Packaging Market – Macro Economic Scenario
5. Rigid Packaging Market Size And Growth
…….
26. Africa Rigid Packaging Market
27. Rigid Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rigid Packaging Market
29. Rigid Packaging Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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