[Latest] Global Rigid Packaging Containers Market Size/Share Worth USD 284.16 Billion by 2030 at a 4.03% CAGR: Facts & Factors

According to the report published by Facts & Factors, the global Rigid Packaging Containers Market size was worth around USD 206.75 billion in 2022 and is predicted to grow around USD 284.16 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.03% between 2023 and 2030. The report analyzes the global Rigid Packaging Containers Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Rigid Packaging Containers Market.

What are rigid packaging containers?

Rigid packaging containers are solid packaging solutions made out of paper board, glass, metal, plastic, and others. These containers are manufactured in a way to protect the content during handling, transportation, and storage. They instill their shape to prevent packed items. These packaging containers come in a large number of shapes, sizes, and forms, thereby catering to diverse products in different end-user sectors.?

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Market Summary:

Solid packaging options such as paper board, glass, metal, plastic, and others are called rigid packing containers. These containers are made to safeguard the contents while being handled, transported, and stored. They use their form to stop packed objects.

These packing containers are available in a wide range of shapes, sizes, and forms, making them suitable for a variety of products in various end-user industries. These items are in high demand because of their product visibility, dependability, and package goods safety.

Key insights:

• The size of the global market for rigid packing containers is projected to increase annually at a CAGR of roughly 4.03% over the forecast period (2023-2030), according to the study supplied by our research analyst.
• The market for rigid packing containers was estimated to be worth USD 206.75 billion in 2022 and is anticipated to grow to USD 284.16 billion by 2030.
• The expansion of the global market for rigid packing containers is anticipated to be positively impacted by an increase in online retail.
• The food and beverage sector is perhaps the one with the quickest growth in the global market, according to end consumers.
• According to the production techniques, the global market is significantly influenced by the injection moulding segment.
• Polyethylene is anticipated to rule the global market in terms of materials.
• The majority of the global market is made up of products like bottles and jars.
• During the projected period, North America is anticipated to lead the global market.????

Growth Motivators

• The growth of the global market is anticipated to be positively impacted by a rise in online retail.

One of the key elements most likely to accelerate the exponential expansion of the global market for rigid packaging containers in the years to come is the ongoing development of e-commerce platforms. Demand for effective and protective packing solutions that can endure the rigours of shipping and handling over longer distances has been greatly boosted by people's growing online shopping habits.

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For instance, Ingredients and Berry Global worked together to develop 100% recyclable packaging for hair care products. The business produces HDPE bottles at a facility in Virginia.

Industry Restraints:

• Flexible packaging substitution is projected to impede the expansion of the global market.

Bags and pouches are examples of flexible packaging solutions that are becoming more and more popular because of the benefits they offer, including cost effectiveness, reduced material usage, light weight, etc. It is anticipated to impede the expansion of the rigid packing containers market because manufacturers see them as perfect substitutes for rigid containers.

Regional Analysis:

• During the anticipated time, North America will lead the global market.

The highest market share for rigid packing containers worldwide is held by North America. Numerous factors, including industrial activity, dietary habits, and population growth, have a significant impact on the area. Due to the huge increase in demand for FMCG products and meals & drinks, the industry is predicted to grow steadily in the years to come.

However, the region's rapidly expanding end-user businesses, such as those in the pharmaceutical, home, cosmetic, and personal care sectors, are also contributing to the industry's expansion.

Due to the existence of developing economies like South Korea, Japan, India, China, and Southeast Asian countries, Asia Pacific is also expected to grow quickly in the next years. The market is heavily influenced by consumer spending power, urbanisation, population growth, and the expansion of end-user industries. However, the region's technological developments in material science, manufacturing techniques, and design are also anticipated to support the expansion of the rigid packaging container market.

The key players in the global rigid packaging containers market include:

• MONDI ?
• Crown Holdings ?
• Amcor, Inc.
• Berry Global, Inc.
• 希悦尔 ?
• COVERIS ?
• Silgan Holdings Inc. ??
• Berry Global, Inc.
• Bemis Company, Inc.
• Ball Corporation ?
• Amcor
• 陶氏化学 ?
• Ardagh Group
• TETRA Technologies, Inc.
• Holmen ?
• Georgia Pacific?
• DS Smith

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