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Rigid Packaging Market Size
- Report ID: GMI6530
- Published Date: Aug 2023
- Report Format: PDF
Rigid Packaging Market Size
Rigid Packaging Market size was valued at around USD 211 billion in 2022 and is anticipated to grow at a CAGR of 4.4% between 2023 and 2032. Rigid packaging offers durability and protection to products, ensuring their integrity during transportation, storage, and handling. Consumers seek packaging that safeguards the quality and freshness of their purchases, especially for perishable or fragile items.
Rigid packaging allows for eye-catching designs, graphics, and branding, which play a significant role in attracting consumers' attention and differentiating products on store shelves. Packaging aesthetics can create a strong brand identity and influence purchasing decisions.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Rigid Packaging Market Size in 2022: | USD 211 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 4.4% |
| 2032 Value Projection: | USD 325.8 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 250 |
| Segments covered: | Material Type, Product Type, Production Process, End-use, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The increasing focus on environmental sustainability has put pressure on the rigid packaging industry to reduce its environmental footprint. Rigid packaging materials and designs must adhere to various regulations and standards, especially in industries like food and pharmaceuticals. Fluctuating prices of materials like plastics and metals can impact the cost-effectiveness of rigid packaging solutions. Thus, the risks associated with rigid packaging may drive down the acceptance rate, further hampering the business growth.
Frequently Asked Questions (FAQ) :
Rigid Packaging Market Scope
