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Rigid Packaging Market Trends

Report ID: GMI6530
Published Date: Aug 2023
Report Format: PDF

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Rigid Packaging Market Trends

Increasing emphasis on environmentally friendly packaging materials such as bioplastics, recycled plastics, and compostable materials. Integration of smart technologies like QR codes, NFC, and RFID to provide consumers with interactive experiences, traceability, and product authenticity verification. Smart packaging can enhance supply chain visibility, reduce counterfeiting, and engage consumers through personalized content. Consumer demand for reduced plastic waste drives the development of packaging designs that are recyclable, reusable, or made from renewable resources.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for rigid packaging was USD 211 billion in 2022 and is estimated to reach USD 325.8 billion by 2032 driven by the rising consumer demand for packaging to safeguard the quality and freshness of purchases, especially for perishable or fragile items.

Plastic rigid packaging industry generated USD 73.6 billion in revenue in 2022 and is set to witness high demand through 2032 attributed to benefits, such as affordability, lightweight, and ability to be molded into various shapes and sizes.

U.S. market for rigid packaging accounted for USD 42.8 billion in revenue in 2022 and is estimated to expand at steady growth rate from 2023-2032 attributed to the growing consumer demand for sustainable packaging solutions due to the rising concerns about environmental issues.

Some of the major rigid packaging companies are Amcor plc, Ball Corporation, Crown Holdings, Inc., Berry Global Group, Inc., Sealed Air Corporation, WestRock Company, Ardagh Group S.A., Silgan Holdings Inc., Sonoco Products Company, and Smurfit Kappa Group,