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The Global Rigid Packaging Market size is estimated to grow at a CAGR of 4.84% between 2022 and 2027. The size of the market is forecast to increase by USD 108.59 billion. The growth of the market depends on several factors, including growing demand for glass packaging, increasing demand for rigid plastic packaging, and rising technological innovations.
This report extensively covers market segmentation by 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). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving market growth is the growing demand for glass packaging. Glass is reusable, sterile, chemically stable, durable, malleable, and non-permeable with the benefits of being hygienic, aesthetically pleasing, and eco-friendly. Glass packaging is used for packaging of beverages, food products, pharmaceutical products, cosmetics, and others. The recyclable life of glass is unlimited and the most environmentally friendly packaging type. Within 30 days, glass can be recycled and made into a new bottle to reuse.
With every five tons of recycled glass, there is a reduction of an extensive amount of CO? emissions. In terms of applicability, alcoholic beverage manufacturers are the largest end-users of glass packaging. The demand for alcoholic beverages is significantly increasing in APAC, North America, and Europe. This will increase the demand for glass as a packaging solution during the forecast period.
The significant market trend in the market is the increasing number of emerging markets. Regions are accepting the importance of the demand and use of rigid packaging. Other industries contributing to the growth of the market are personal care and home care followed by pet food. The food and beverage industry is the major segment contributing to the growth of the market, primarily driven by the expanding urban population base. Rapid urbanization has significantly changed lifestyles. Increased working population and lifestyle changes have, in turn, led to a rise in demand for processed and ready-to-eat food items.
The demand is anticipated to be driven by emerging markets such as India, China, and Brazil and other countries in APAC and South America. Manufacturing companies are setting up new production facilities in these emerging markets to cater to this demand. Such growth in emerging markets for food and beverages has led to the emergence of these countries as high-growth potential markets for rigid packaging solutions.
One of the key challenges affecting the growth of the market is the increase in demand for flexible packaging. Changes in consumer lifestyles and the increasing demand for convenience products are driving the growth of the global flexible packaging market. Flexible packaging offers numerous advantages compared with those rigid packaging such as extended shelf life, lighter weight, improved cost economics, and freight cost savings. End-users are adopting multilayer flexible pack solutions with metalized films. High-barrier films are used in case-ready and modified packaging for PET-based transparent deposition films.
The growing demand for extended shelf life and convenience products is driving the market development of barrier packaging films. Increasing food requirements because of the expanding population in APAC, particularly in China and India, is expected to have a negative impact on the demand for rigid packaging during the forecasted period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Rigid Packaging Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Vidrala SA - The company offers rigid packaging solutions such as injection food packaging, caps and closures, and blow molding. The company offers glass packaging products including new glass packaging, glass bottles, wine bottles, juice bottles, glass preserve bottles, cider bottles, and others packaging products.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth of the plastic segment will be significant during the forecast period. Raw materials used for manufacturing rigid plastic packaging are PP, PE, PET, PS, PVC, and bioplastics. The reason for the higher demand for rigid plastic packaging over the metal and glass type is that the plastic ones are non-brittle, tough, durable, and easy to transport. In addition, the cost of production per unit is lower than that of metal and glass. It can easily be molded into various innovative and attractive designs for aesthetic appeal.
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The plastic segment was valued at USD 215.52 billion in 2017 and continued to grow until 2021. The major demand for rigid plastic packaging is from APAC. China is one of the primary users of rigid plastic packaging. Europe accounted for a significant share of this segment. As there are many environmental regulations being implemented worldwide, there is a rise in preference for the biodegradable form of rigid plastic packaging. As a result, there will be an extensive requirement for biodegradable rigid plastic packaging from end-users during the forecast period.
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APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Increased GDP per capita is improving living standards in China and India, which may fuel the regional demand for F&B and pharmaceutical products during the forecast period. Several global companies operating in the F&B and pharmaceutical industries are expanding their presence in the region to cater to this demand. The pharmaceutical contract manufacturing industry in APAC has been registering consistent growth for the past few years. This is likely to drive the regional demand for packaging solutions during the forecast period. In addition to the F&B and pharmaceutical industries, dairy product-producing companies and breweries are establishing production facilities across the region.
Industrial activity in the region was severely affected owing to the outbreak of COVID-19. However, recovering the regional economy, increasing adoption of industry 4.0, and government fiscal stimulus packages to manufacturing sub-sectors are helping the regional market to back to its recovery path. The package featured collateral-free loans for enterprises, subordinate debt for MSMEs, and raised borrowing limits for State governments up to 5% of Gross State Domestic Product (GSDP) from the previous rate of 3% of GSDP. Such factors are expected to continue, which will spur the growth of the market in APAC during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Rigid Packaging Market Scope |
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Report Coverage |
Details |
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Page number |
177 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.84% |
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Market growth 2023-2027 |
USD 108.59 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
4.6 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 39% |
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Key countries |
US, China, India, Japan, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ALPLA Werke Alwin Lehner, Amcor Plc, Ardagh Group SA, Ball Corp., 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., Silgan Holdings Inc., Sonoco Products Co., TotalEnergies SE, Vetropack Holding Ltd., Vidrala SA, Berry Global Group Inc., and Printpack Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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