The global rigid packaging containers market is set to enjoy a market valuation of US$ 208.6 Billion in 2022, and register a CAGR of 4.0% to reach US$ 308.7 Billion by 2032. The rigid packing containers market is expected to grow rapidly, with the top three countries accounting for 30-35% of the global rigid packaging containers market by the end of 2022.
Because of characteristics such as durability, lightweight, barrier resistance, cost-effectiveness, and others, the plastic rigid packaging containers segment by material is expected to retain the majority of the worldwide rigid packaging containers market.
The recently published report by FMI, explains how heightened e-commerce activity and trade across national and international borders has accelerated the demand for rigid packaging containers. Sturdy and non-reactive nature of these containers has upped their usage across sectors such as food and beverages, homecare, beauty and cosmetics, healthcare, and industrial goods amongst others.
Rigid packaging containers are reusable and recyclable, which is helping vendors build a circular economy. This is expected to create a win-win situation for the vendors as carbon footprint will reduce.
Request a sample of this report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-11925
Rigid Packaging Containers Market Competition Landscape
Crown Holdings, Inc, Mauser Packaging Solutions and Ball Corporation are the top players operating in the rigid packaging containers market. Furthermore, Grief, Inc., Amcor Plc, Berry Global Group, Inc, Silgan Holdings, Inc and Sonoco Products Company 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
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.
Get In Touch With Our Team For a 20% Flat Discount
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.
“Prominent manufacturers in the rigid packaging containers market can gain substantial profits by emphasizing on strengthening their production capacities and market presence. Furthermore, as key industries are inclined towards adoption of sustainable packaging solutions, the demand for rigid packaging containers packaging solutions is estimated to increase in the foreseeable future,” says FMI analyst.
Ask An Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-11925
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.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com