Frequently Asked Questions
The global rigid industrial packaging market was valued at USD 31.9 Billion in 2022.
The rigid industrial packaging market is expected to grow at a CAGR of 4.90% between 2023 and 2030, reaching USD 44.59 Billion in 2030.
Plastic is the leading segment by material, holding over 43% share in terms of value in 2022.
The Food & beverages segment governs the demand for rigid industrial packaging in the world, holding a massive share of over 80% in 2022.
Asia Pacific is fueling the growth of the rigid industrial packaging industry, with an over one-third share in 2022.
The top players include Amcor Limited, Berry Plastics Corporation, Georgia-Pacific Corporation, Plastipak Holdings Inc., Tetra Pak International, Bemis Company Inc., DS Smith Plc, Holmen AB, Reynolds Group Holding, and Others.
The industry is being boosted by the growth in resources, and goods being transported across several regions are the major market drivers.
As the need for flexible packaging materials increases, it is anticipated that the use of rigid industrial packaging will decline. It is anticipated that this problem would limit the expansion of the rigid industrial packaging sector are the major market restraints.
The cosmetic and personal care industries are expected to develop as consumer spending on cosmetics increases. Rising disposable income has led to significant consumer goods and logistics growth in Asia Pacific’s emerging economies. China and India are the major opportunities in the rigid industrial packaging industry.