Rigid Packaging Container Market

Rigid Packaging Container Market Outlook 2024 to 2034

In the recently upgraded market intelligence report, FMI shares that the rigid packaging container market is predicted to be valued at USD 204.8 billion in FY 2024. Increasing demand for rigid packaging solutions like aluminum cans, corrugated and paperboard boxes, glass jars, etc. to package laundry bags, cans of soup, glass bottles of spirits, and more, are facilitating the market growth.

Another fundamental driver for rigid packaging containers includes surging demand from industrial goods like chemicals and automotive. The market is expanding at a 3% CAGR over the next ten years and lead the market to USD 275.2 billion by 2034.

Active players are expected to turn more sustainable in their endeavor to reduce their contribution to plastic pollution and GHG emissions, as sustainability becomes the new norm.

Attributes	Key Insights
Rigid Packaging Container Market Size (2024E)	USD 204.8 billion
Market Valuation (2034F)	USD 275.2 billion
Value-based CAGR (2024 to 2034)	3%

Rigid Packaging Container Market Trends

• Packaging giants are developing effective alternatives to single-use plastic bottles that are power-packed with the convenience of a plastic bottle and the sustainability of a carton pack. As packaging manufacturers are rapidly switching from plastic paper, the ‘paperization trend’ is expected to catch up and fly in the minds of consumers.
• Players are raising their investments in design and research, in addition to product maximization, which is creating heightened demand for rigid-packaging containers.
• Rising demand for these containers from industrial as well as non-industrial goods is appreciating the market’s valuation. Their utilization in carrying these products is increasing on account of their many benefits like outstanding chemical resistance, impact strength, and ability to get recycled.
• Increasing trade activities and regular demand for safe and secure transportation and packaging of goods are expected to offer opportunities to players.

Category-wise Rigid Packaging Container Market Analysis

Sales of Cans to Remain High as Rigid Packaging Containers

Leading Product	Cans
Value Share (2024)	44.10%

Cans are excessively used rigid packaging containers, which are expected to attain a 44.1% market share by year end of 2024. Attractive features of cans are supporting their use in food and beverage industry, home care industry, and so on. They are easy to recycle. So, businesses who are committed to sustainability are taking up cans as their choice of packaging and branding their products.

Beverage Sector to Hold a Notable Market Share

Leading End Use	Beverages
Value Share (2024)	22.20%

Rigid packaging containers are prominently used in the beverage sector. FMI has detected that the segment is about to reach a 22.2% market share by the end of 2024. These containers are increasingly being demanded in the beverage sector as they offer extreme product protection, maintain hygienic standards, and lower the risk of contamination.

These are all very critical aspects and players in the beverage sector are investing in high-quality rigid packaging containers and taking extra measures to ensure quality on their part.

Global Rigid Packaging Container Market Demand Analysis by Country

Countries	Forecast CAGR (2024 to 2034)
The United States	1.80%
The United Kingdom	1.60%
China	4.70%
India	6.10%
Thailand	4.30%

Market Dynamics of Rigid Packaging Containers in the United Kingdom are Going through Seismic Shift

The utilization of rigid packaging containers in the United Kingdom is expanding at a CAGR of 1.6% over the forecast period. A recent drastic turn taken by the United Kingdom is shifting the packaging market dynamics across the globe. In this section, let’s stick to the country itself which started an official ban on single-use plastics on October 1, 2023, in its fight against climate change.

First and foremost, the ban on single-use plastics is a recent addition to the country’s big-picture agenda to discard public waste and pollution by the year 2042. This ban is expected to have effects on markets falling under packaging, including the rigid packaging container market.

These initiatives are decreasing the order volumes and prices of flexible packaging prices across Europe, meanwhile prices of paper, foil, and film are becoming more affordable for small businesses.

With this shift, players are going to focus on metal, glass, paper, and paperboard as their go-to options for developing rigid packaging containers.

Rising Demand for Rigid Packaging Containers from Food Sector to Surge Market Growth

The United States rigid packaging container market is expanding at a CAGR of 1.8% during the forecast period. The demand for these containers is rising due to the expanding food sector. The growth element of the food sector is accelerating demand for ready-to-eat (RTE) food products from the American population.

The USA Department of the Interior recently revealed its plans to phase out single-use plastics from public lands by the year 2032. Presently, government initiatives are limited to local and state levels, with small-scale changes buying businesses more time to look out for cost-effective alternatives.

This is also expected to assist consumers in adjusting to these changes. This is also predicted to assist consumers in adjusting their buying patterns.

Key Players in China are Increasingly Using Sustainable Packaging Materials to Cater to Eco-conscious Consumers

The application of rigid packaging containers in China is predicted to surge ahead at a CAGR of 4.7% throughout the forecast period. The market is driven by heightened demand for bulk packaging solutions.

Sales of bulk packaging solutions like IBCs, drums, and others are rising due to the increasing production of chemicals. The country is regarded as one of the leading markets for chemicals, and this factor is facilitating the market growth for rigid packaging containers.

Many developments are happening that show that companies are attuned to the sustainable choices of modern consumers. For instance, in October 2023, packaging giant SIG launched SIG DomeMini, which is a small-size carton pack that is an alternative to single-use plastic bottles.

The product is developed keeping in mind the ‘paperization’ trend, where packaging players are progressively shifting from plastic to paper. The product is composed of FSC-certified paperboard and is produced using renewable electricity.

India to Fare Well in Rigid Packaging Container Industry as Many Players Vie For Higher Share

The rigid packaging container market in India is predicted to expand at a 6.1% CAGR in the proceeding ten years. Demand for rigid packaging containers is massive in verticals like food and beverage, cosmetics and personal care, chemicals, pharmaceutical, automotive, home care, and other consumer durables.

These sectors see containers, PET bottles, and jars as exciting options for their packaging needs. This is because these packaging materials exude aesthetic appeal to the product and offer adaptability.

Key players in the Indian economy are offering solutions to enhance the product shelf life and elevate brand presentation, with sustainability at the core of its processes. These solutions are developed to stock an extensive range of everyday products, at home as well as in commercial settings like restaurants and hotels.

Market participants are also offering varied options in a durable and attractive range, such as customization options for materials, colors, and decoration techniques.

Thailand Market to Expand on the Back of Acquisitions and Mergers

Thailand’s rigid packaging container industry is estimated to showcase a CAGR of 4.3% through the forecast period. The market is driven by continuous demand for rigid packaging solutions from food and beverage, cosmetics and personal care, and other notable segments.

Thailand's market is further positively influenced by acquisitions and mergers to enhance the market’s growth. In April 2022, Thai Plaspac Group, a rigid plastic packaging manufacturer for pharmaceutical and FMCG applications purchased Skypet Polymers’ rigid packaging business. The former company operates in 10+ production facilities across UAE, Thailand, Malaysia, and India.

Top Strategies Adopted by Market Players

Industry participants are pumping up their production capacity through investments in existing facilities and opening new facilities at different locations. This is expected to serve well the continuously growing demand for rigid packaging containers.

Market contenders are concentrating on creating sustainable and innovative products to navigate the shifting consumer trends. This initiative is predicted to make the sustainability goals of countries achievable.

Apart from these, age-old strategies remain a classic choice among market players who are seeking a greater share of this market. Acquisitions and mergers, increasing global footprint, new innovative releases reflecting changing consumer demands, and partnerships, are some such strategies to name a few.

News Coverage Pertinent to Rigid Packaging Containers Market Report Readers

• Berry Global Group officially declared in August 2022 that it is launching a food pack that is developed using recycled PET content. This release meets the demand of green-conscious consumers who are looking for solutions to meet the sustainability goal of the company.
• Amcor plc publicized in April 2022 that it is investing in new thermoforming capabilities for medical packaging in Sligo, Ireland.
• In November 2023, Amcor rolled out cannabis containers that contain post-consumer content.
• In December 2023, Novvia acquired JWJ Packaging, which is a rigid containers supplier. This is the third acquisition that the company made in the Northeastern USA region. JWJ Packaging has been catering to customers across the tri-state area with a series of products and services.

Key Coverage in the Global Rigid Packaging Container Market Research Report

• Adjacent Study of Global Rigid Plastic Packaging Market, Rigid Packaging Market, Rigid Industrial Packaging Market, Rigid Packaging Container Market, and Plastic Containers Market
• India Rigid Plastic Packaging Market Size

Enlisted Below are Some Top Market Players

• 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
• Smurfit Kappa Group
• Crown Holdings Inc.
• DS Smith plc
• Schoeller Allibert Services B.V.
• Huhtamaki Oyj
• Others

Market Segmentation of Rigid Packaging Containers

By Material:

• Plastic
• Metal
• Glass
• Paper and Paperboard

Based on Product Type:

• Bottles and Jars
• Cans
• Jerry Cans
• Drums
• Boxes and Cartons
• IBCs
• Others (Clamshells, Kegs, etc.)

By End Use:

• Food & Beverage
• Pharmaceutical
• Cosmetics and Personal Care
• Homecare
• Automotive
• Chemicals
• Other Consumer Durables

Different Regional Markets are as Follows:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Frequently Asked Questions

What is the Market Valuation of Rigid Packaging Container Market as of 2024?

Current projections of the market indicate a valuation of USD 204.8 billion in 2024

What is the Projected Adoption Rate of Rigid Packaging Container for the Years Between 2024 to 2034?

Looking ahead to 2034, the current forecast projects a CAGR of 3% for the rigid packaging containers industry.

How Much Revenue this Industry is Expected to Generate by 2034?

FMI predicts the market to reach USD 275.2 billion by the year 2034.

Which End Use Segment Holds a Significant Market Share?

The beverage segment is predicted to hold a significant market share during the forecast period.

Which Countries Offer Growth Opportunities?

India and China are predicted to offer lucrative opportunities for investors and stakeholders.

Which Players in the Rigid Packaging Container Industry are Influential?

Amcor Plc, Berry Global Group, and Silgan Holdings, Inc. are powerful players in the rigid packaging container industry.