NEW
YORK, Sept. 10, 2024 /PRNewswire/ -- Report on
how AI is driving market transformation- The global rigid packaging
market size is estimated to grow by USD 128.3 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
over 5.41% during the forecast period. Growing
demand for glass packaging is driving market growth, with
a trend towards increasing number of emerging markets.
However, increase in demand for flexible packaging poses
a challenge. Key market players include ALPLA Werke Alwin Lehner,
Amcor Plc, Ardagh Group SA, Ball Corp., Berry Global Inc., Borealis
AG, Can Corp. Of America Inc., Crown Holdings Inc., Delkor Systems
Inc., DS Smith Plc, Gerresheimer AG, Graham Packaging Co. LP, KP
Holding GmbH and Co. KG, Plastipak Holdings Inc., Printpack Inc.,
Silgan Holdings Inc., Sonoco Products Co., TotalEnergies SE,
Vetropack, and Vidrala SA.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Plastic, Metal,
and Glass), Application (Food and beverages, Pharmaceuticals,
Personal care, and Others), and Geography (APAC, Europe, North
America, South America, and Middle East and Africa)
|
Region
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Key companies
profiled
|
ALPLA Werke Alwin
Lehner, Amcor Plc, Ardagh Group SA, Ball Corp., Berry Global Inc.,
Borealis AG, Can Corp. Of America Inc., Crown Holdings Inc., Delkor
Systems Inc., DS Smith Plc, Gerresheimer AG, Graham Packaging Co.
LP, KP Holding GmbH and Co. KG, Plastipak Holdings Inc., Printpack
Inc., Silgan Holdings Inc., Sonoco Products Co., TotalEnergies SE,
Vetropack, and Vidrala SA
|
Key Market Trends Fueling Growth
The rigid packaging market is experiencing significant growth,
particularly in the food industry, which is the second
fastest-growing segment in South
America. Manufacturers are expanding their operations to
meet the increasing demand for rigid packaging solutions. In 2020,
Silgan Holdings Inc. Acquired Cobra Plastics Inc., and Berry Global
Group Inc. Completed the acquisition of RPC Group Plc in 2019. The
food and beverage sector, along with personal care and home care,
are key contributors to the market's growth. The consumption of
packaged food and beverages is on the rise due to urbanization and
changing lifestyles. Emerging markets, including India, China,
Brazil, and countries in APAC and
South America, are driving demand
for rigid packaging solutions. To cater to this demand, companies
such as PepsiCo and Coca-Cola are setting up new production
facilities in these regions. The market is anticipated to continue
growing due to the increasing demand for packaged food and
beverages in high-growth potential markets.
The Rigid Packaging Market is witnessing notable trends in
strength, recyclable properties, and contamination prevention. This
market caters to various industries, including beverages,
chemicals, minerals, and liquid items. Rigid packaging solutions,
such as boxes, trays, containers & cans, bottles & jars,
cans, ampoules, aerosol containers, and pallets, offer benefits
like an isolated inert environment, spill-proof feature, and
protection against impact and contamination. Heavy-duty, secondary,
and bulk packaging are essential for transporting and handling
chemicals, minerals, and other heavy items. Flexible packaging
alternatives like plastic, metal, wood, paper & paperboard, and
glass also exist but rigid packaging maintains its dominance due to
its impact strength, barrier properties, and stiffness. However,
factors like labor costs and raw material prices impact production.
Recyclable properties and sustainable sourcing are becoming
increasingly important to reduce environmental impact. Regulations
on contamination and shipping requirements continue to evolve,
making it crucial for manufacturers to stay updated.
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Market Challenges
- The global rigid packaging market is experiencing a shift due
to changing consumer preferences towards convenience and extended
shelf life. Flexible packaging is gaining popularity, replacing
traditional formats like metal cans and glass jars. Key advantages
include lighter weight, improved cost economics, and freight cost
savings. End-users are increasingly adopting multilayer flexible
pack solutions with metalized films, particularly in packaged foods
and pharmaceutical markets. High-barrier films are in demand for
case-ready and modified packaging of PET-based transparent
deposition films. However, the expanding population in Asia Pacific, particularly in China and India, is driving up food requirements,
potentially reducing the demand for rigid packaging during the
forecast period.
- The rigid packaging market faces several challenges in areas
such as transportation, as cans, ampoules, aerosol containers,
bottles, jars, and pallets require impact strength and barrier
properties to ensure safety of goods during transit. Labor costs
and raw material prices are also significant concerns for
production. In the pharmaceutical industry, rigidity, stiffness,
and hygiene are essential for packaging sensitive products. The
e-commerce industry's growth poses new challenges, with the need
for temperature-tolerant and convenient packaging solutions for
food products like bread, sausages, snacks, and ready-to-eat items.
Consumer lifestyles and eating habits drive demand for convenience,
which is driving growth in the market for packed bottled water,
liquor, energy drinks, and other beverages. Environmental concerns
and sustainability trends are shaping the market, with a focus on
recycled paper and reducing plastic waste. Government bodies and
regulations are enforcing laws to address these issues. The
benefits of rigid packaging, such as its stiffness and ability to
protect goods, must be balanced against these challenges to ensure
long-term success.
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Segment Overview
This rigid packaging market report extensively covers market
segmentation by
- Type
- 1.1 Plastic
- 1.2 Metal
- 1.3 Glass
- Application
- 2.1 Food and beverages
- 2.2 Pharmaceuticals
- 2.3 Personal care
- 2.4 Others
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Plastic- Rigid plastic packaging is a
popular choice for various industries due to its numerous
advantages over metal and glass. The primary raw materials used for
manufacturing rigid plastic packaging include PP, PE, PET, PS, PVC,
and bioplastics. The types of rigid plastic packaging include
bottles, cups, tubs, trays, pots, and jars. Rigid plastic is
preferred for its shatter-resistant, convenient, and
easy-to-dispense properties, as well as its graphic capabilities.
Processes such as injection molding, extrusion molding, and blow
molding are used to produce these products. The demand for rigid
plastic packaging is high due to its non-brittle, tough, and
durable nature, ease of transportation, and lower production cost
per unit compared to metal and glass. Geographically, APAC is the
major market for rigid plastic packaging, with China being a significant user. Europe also holds a substantial share in this
segment. Environmental regulations have led to a growing preference
for biodegradable rigid plastic packaging. As a result, there will
be an increasing demand for biodegradable rigid plastic packaging
from end-users during the forecast period. Plastic's lightweight
property, with a lower specific gravity than metal, makes it easier
for transportation and export. These advantages position the
plastic segment for growth during the forecast period.
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and future opportunities- including forecast (2024-2028) and
historic data (2018 - 2022)
Research Analysis
Rigid packaging solutions offer superior protection for various
industries, including pharmaceuticals and food, during
transportation. These solutions encompass a wide range of products
such as cans, ampoules, aerosol containers, bottles, pallets, jars,
and more. The key properties of rigid packaging include high impact
strength, barrier properties, and stiffness, ensuring the safety
and integrity of the contained products. The production of rigid
packaging involves significant labor costs and raw material prices,
which can impact the final price. The e-commerce industry's growth
has led to increased demand for rigid packaging, particularly for
packaged ready-to-eat food products and pharmaceutical items.
Environmental concerns and sustainability trends have influenced
the rigid packaging market, with a shift towards paper packaging
and recycled paper. Regulations and laws regarding plastic waste
and government bodies' efforts to reduce it have also impacted the
market. The rigid packaging market caters to various industries,
including pharmaceuticals, food, and beverages. The market's growth
is driven by factors such as the need for temperature-tolerant
packaging, convenience, hygiene, and the increasing popularity of
e-commerce. The market's future looks promising, with a focus on
sustainable and eco-friendly solutions. Rigid packaging solutions
offer several advantages, including high impact strength, barrier
properties, and stiffness. These properties ensure the safety and
integrity of the contained products during transportation. The
market caters to various industries, including pharmaceuticals,
food, and beverages. The production of rigid packaging involves
significant labor costs and raw material prices, which can impact
the final price. Environmental concerns and sustainability trends
have influenced the rigid packaging market, with a shift towards
paper packaging and recycled paper. Regulations and laws regarding
plastic waste and government bodies' efforts to reduce it have also
impacted the market. The rigid packaging market caters to various
industries, including pharmaceuticals, food, and beverages. The
market's growth is driven by factors such as the need for
temperature-tolerant packaging, convenience, hygiene, and the
increasing popularity of e-commerce. The use of rigid packaging is
essential for various industries, particularly pharmaceuticals and
food, to ensure the safety and integrity of their products during
transportation. The market offers a wide range of solutions,
including cans, ampoules, aerosol containers, bottles, pallets,
jars, and more. The key properties of rigid packaging include high
impact strength, barrier properties, and stiffness, making it an
ideal choice for protecting sensitive and valuable products. The
production of rigid packaging involves significant labor costs and
raw material prices, which can impact the final price. However, the
benefits of using rigid packaging far outweigh the costs. For
instance, it offers superior protection, temperature tolerance, and
hygiene, making it an essential component of various industries.
The rigid packaging market is witnessing significant growth due to
the increasing demand for packaged ready-to-eat food products and
pharmaceutical items in the e-commerce industry. Additionally, the
need for sustainable and eco-friendly solutions has led to a shift
towards paper packaging and recycled paper. Regulations and laws
regarding plastic waste and government bodies' efforts to reduce it
have also impacted the market. The market's future looks promising,
with a focus on sustainable and eco-friendly solutions. For
instance, biodegradable plastics and plant-based materials are
gaining popularity. The market's growth is also driven by the
increasing popularity of convenience and hygiene, particularly in
the food and pharmaceutical industries. Overall, rigid packaging
solutions offer several advantages, including superior protection,
temperature tolerance, hygiene, and sustainability.
Market Research Overview
Rigid packaging solutions offer superior protection for various
products during transportation and storage. These solutions include
cans, ampoules, aerosol containers, bottles, jars, pallets, and
more. The impact strength and barrier properties of rigid packaging
ensure the safety of goods, particularly for sensitive items such
as pharmaceutical products and e-commerce items. However, labor
costs and raw material prices can impact production. Environmental
concerns and sustainability trends have led to an increased focus
on recycled paper and reducing plastic waste. Regulations and laws
from government bodies continue to shape the market, with a focus
on recyclable properties and minimizing contamination. Quality is
crucial for food products, particularly for ready-to-eat items like
bread, sausages, snacks, and beverages. Temperature tolerant
packaging is essential for liquid items like packed bottled water,
liqueurs, energy drinks, and chemicals. Convenience and hygiene are
key factors for consumer lifestyles and eating habits. Rigid
packaging offers benefits such as spill-proof and isolating inert
environments for liquid items, ensuring the safety and freshness of
the product. Rigid packaging comes in various types, including
boxes, trays, containers & cans, bottles & jars, and
secondary and bulk packaging. Materials range from plastic, metal,
wood, paper & paperboard, and glass, each with its unique
stiffness, strength, and recyclable properties.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Application
-
- Food And Beverages
- Pharmaceuticals
- Personal Care
- Others
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio