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The rigid packaging market size is forecast to increase by USD 128.3 billion, at a CAGR of 5.41% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by advancements in technology and shifting consumer preferences. Plastic extrusion processes and high-barrier films are increasingly popular, as they offer improved material handling systems and packaging automation. These innovations contribute to packaging waste reduction and enhanced product protection. Environmental impact assessments and impact resistance testing are essential components of the market, with food safety regulations and lamination processes ensuring the safety and quality of packaged goods. The industry anticipates a growth of 3% annually, as companies invest in sustainable packaging materials and packaging design software. For instance, a leading food manufacturer increased sales by 15% by implementing a new rigid container manufacturing process, which improved transport vibration resistance and product protection methods.
Additionally, distribution network optimization and structural integrity analysis are crucial for ensuring product safety and shelf life extension. Sustainability remains a top priority, with companies focusing on compression testing methods, supply chain management, and recycling infrastructure impact. Packaging line efficiency and flexible packaging integration are also key areas of investment, as businesses strive to minimize product damage and optimize costs. Consumer safety standards continue to evolve, driving the adoption of automated packaging machinery and container design principles that prioritize transport vibration resistance, stacking strength testing, and barrier properties testing. Thermoforming techniques and the use of sustainable packaging materials further enhance the market's continuous dynamism.
The rigid packaging industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The plastic segment is estimated to witness significant growth during the forecast period.
Rigid plastic packaging, manufactured from raw materials such as PP, PE, PET, PS, PVC, and bioplastics, is experiencing significant growth due to its numerous advantages over metal and glass alternatives. The plastic packaging industry is expected to expand by 3% annually, with processes like injection molding, extrusion molding, and blow molding driving production. Rigid plastic's shatter-resistant, non-brittle, and easy-to-transport nature increases its demand. Additionally, its graphic capabilities and improved resins and technology offer convenience and product protection. Manufacturers prioritize material handling systems and automation to enhance efficiency and reduce waste. High-barrier films and lamination processes ensure product freshness and safety, while structural integrity analysis and impact resistance testing maintain container durability.
Food safety regulations are strictly adhered to, with rigorous quality control procedures in place. Transport vibration resistance is crucial for product protection during distribution. Container design principles, including thermoforming techniques, focus on optimizing pallet load and stacking strength. Sustainable packaging materials and design software are integrated to minimize environmental impact. Consumer safety standards and packaging cost optimization are essential considerations. Automated packaging machinery streamlines production lines, increasing efficiency and reducing product damage. Shelf life extension is a significant benefit, ensuring freshness and maintaining product quality. Flexible packaging integration offers versatility and cost savings. Overall, the rigid plastic packaging market's evolution is characterized by innovation, efficiency, and a commitment to sustainability.
For instance, a leading food manufacturer reported a 20% increase in sales by switching to rigid plastic packaging.
The Plastic segment was valued at USD 224.00 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 36% 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.
The market is experiencing significant growth, driven by the increasing demand for F and B and pharmaceutical products in Asian countries, particularly China and India. With rising per capita income and improving living standards, the region's population is anticipated to experience substantial growth in the next two decades. In 2018, China and India's combined GDP was USD 21.4 trillion, and this figure is projected to increase as consumer spending on packaged goods rises. To cater to this demand, global companies are expanding their presence in the region. The packaging industry is responding by innovating to meet the needs of this market.
For instance, there is a focus on packaging waste reduction through the use of high-barrier films and sustainable packaging materials. Material handling systems and packaging automation systems are also being implemented to streamline production and improve efficiency. Environmental impact assessments and impact resistance testing are crucial in the development of packaging solutions. Food safety regulations require strict adherence to quality control procedures and lamination processes. Container design principles, such as transport vibration resistance and structural integrity analysis, are essential to ensure product protection during transportation. Barrier properties testing and container design software are being used to optimize packaging material selection and container design.
Compression testing methods and supply chain management systems are being employed to prevent product damage and optimize pallet load and stacking strength. Flexible packaging integration and packaging line efficiency are also key trends in the market. The market is expected to grow at a rate of 5% annually, as companies invest in automated packaging machinery to meet the increasing demand for high-quality, efficient, and sustainable packaging solutions.
Our researchers analyzed the data with 2023 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.
The market is experiencing significant growth due to the increasing demand for high-quality, protective packaging solutions across various industries. To meet this demand, innovations in manufacturing technologies are playing a crucial role. For instance, high-speed thermoforming machine setups are being adopted to improve production efficiency and reduce cycle times. Similarly, advancements in injection molding technology are enabling manufacturers to optimize cycle times and enhance product consistency. In the realm of blow molding, process parameters are being meticulously fine-tuned to ensure optimal production and product quality. The impact of packaging design on shelf life and product protection is another critical consideration. Material selection plays a pivotal role in this regard, with sustainable rigid packaging materials gaining popularity due to their eco-friendly nature and ability to reduce waste in the supply chain. Moreover, improving pallet load stability and efficiency is a key focus area for rigid packaging manufacturers. This is achieved through designing for recyclable rigid packaging and evaluating packaging line efficiency metrics. Assessing the structural integrity of rigid containers is also essential to ensure product safety and reduce the risk of damage during transportation and storage. In conclusion, the market is driven by the need for innovative, protective, and sustainable packaging solutions. Manufacturers are continuously exploring ways to enhance production efficiency, optimize processes, and reduce waste, while ensuring the highest level of product protection and shelf life. By focusing on these areas, the rigid packaging industry is well-positioned to meet the evolving needs of businesses and consumers alike.
The rigid packaging market forecasting 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 rigid packaging market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, rigid packaging market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ALPLA Werke Alwin Lehner - This company specializes in the development and distribution of innovative sports products, catering to various markets and consumer needs.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Rigid Packaging Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
182 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.41% |
Market growth 2024-2028 |
USD 128.3 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.84 |
Key countries |
China, US, India, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this rigid packaging market research report to meet your requirements.
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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive 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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