Introduction to Rigid Packaging Containers
Rigid packaging containers, often made of materials like plastic, glass, or metal, are designed to protect and preserve products during storage and transportation. These containers maintain their shape and structure, ensuring the safety and integrity of the contents. Let’s take a closer look at the key aspects of the rigid packaging containers market.
Evolution of Rigid Packaging Containers
Over the years, rigid packaging containers have evolved significantly. Gone are the days of simple, one-size-fits-all designs. Today, these containers come in a wide array of shapes, sizes, and materials, catering to the diverse needs of various industries.
Over the forecasted timeframe, the worldwide rigid packaging containers market is poised to begin at a value of US$ 208.6 billion in 2022 and is expected to exhibit a steady 4.0% compound annual growth rate (CAGR), ultimately reaching US$ 308.7 billion by 2032.
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Rigid Packaging Containers Market Competition Landscape
- Grief, Inc.
- Amcor Plc
- Berry Global Group
- Silgan Holdings, Inc
- Sonoco Products Company
- Mauser Packaging Solutions
- Ball Corporation
- Pactiv LLC
- SCHÜTZ GmbH & Co. KGaA
- Winpak Ltd.
- WestRock Company
- Sabert Corporation
- International Paper Company
- Fabri-Kal Corporation
- Georgia-Pacific LLC
- other
are prominent players in the rigid packaging containers market. The Tier 3 players in the market hold 80-85% in the global rigid packaging containers market. In conclusion, key players contribute almost 15% of the global market.
Key Takeaways from Rigid Packaging Containers Market
- The bottles and jars segment is experiencing unmatchable demand in the rigid packaging containers market, especially in the food & beverages industries
- Up to 5 litre capacity rigid packaging cans and bottles estimated to account for more than 40% in terms of value of the market share by 2030
- Plastic as a material is estimated to account for more than 55% of the global market by value to reach slightly over US$ 155 Bn by 2030
- Asia Pacific is estimated to have an incremental opportunity of approximately US$ 32 Bn in the next 8 years with presence of large number of rigid packaging container manufacturers in the region
- Food & beverage industry estimated to be the key end user of rigid packaging containers as it is poised to account for over 40% of the rigid packaging containers global market share by 2030
Key Benefits
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Rigid Packaging Containers market analysis from 2022 to 2032 to identify the prevailing Rigid Packaging Containers market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the Rigid Packaging Containers market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global Rigid Packaging Containers market trends, key players, market segments, application areas, and market growth strategies.
Growing Preference for Smart Rigid Packaging Solutions to Augment Market Growth
Rigid packaging solutions such as drums and beverage cans are extensively being used. However, addition of technologies such as RFID and AR for easy tracking and tracing of products is expected to bring in a sea-change in the logistics and supply chain.
RFID technology allows automatic identification and storage of information regarding the location and availability of plastic and steel drums. It offers solutions for product tracking, goods movements, loading inspections, and asset tracking. RFID technology has not only allowed manufacturers to track availability of drums, but also enhanced their servicing efficiency by controlling accurate supply capabilities.
Manufacturers and suppliers of plastic and steel drums continuously face challenges that arise with delay in supply of drums. RFID allows validation of number of shipments to take stock inventories as per invoices. Validating the availability of drums with the help of RFID enables manufacturers to avoid unnecessary costs related to delays and loss.
For instance, Crown Holdings, Inc., one of the leading beverage can manufacturers, has designed cans with AR code situated beneath the tab of a beverage can. The AR code technology offers both companies and consumers a unique experience in terms of purchasing, scanning, interacting, and communicating. Furthermore, this AR code technology also helps manufacturers to reduce the incident of anti-counterfeiting.
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Rigid Packaging Containers Market by Category
By Material:
- Plastic
- Metal
- Glass
- Paper & Paperboard
By Product Type:
- Bottles & Jars
- Cans
- Jerry Cans
- Drums
- Boxes & Cartons
- IBCs
- Others (Clamshells, Kegs, etc.)
By End Use:
- Food & Beverage
- Pharmaceutical
- Cosmetics & Personal Care
- Homecare
- Automotive
- Chemicals
- Other Consumer Durables
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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