The rigid packaging container market is projected to reach a staggering US$204.8 billion in FY 2024, according to a recently upgraded market intelligence report by FMI. This growth is fueled by the rising demand for sustainable and functional packaging solutions across various industries.
Aluminum cans, corrugated boxes, glass jars, and more are witnessing a surge in popularity for packaging a wide range of products, from laundry detergents and canned goods to beverages and spirits. The market is further bolstered by the growing demand for rigid containers in the chemical and automotive industries.
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Sustainability Takes Center Stage
A key trend shaping the rigid packaging container market is the increasing focus on sustainability. Manufacturers are actively seeking alternatives to single-use plastics, developing innovative solutions that combine the convenience of plastic with the eco-friendliness of paperboard. This “paperization trend” is expected to gain significant traction among consumers.
Rising Investments Drive Innovation
Market players are strategically increasing investments in design, research, and product optimization, leading to a growing demand for rigid-packaging containers. Their durability, chemical resistance, and recyclability make them an attractive choice for various industrial and non-industrial applications.
The UK Leads the Charge in Sustainable Packaging
The rigid packaging container market in the United Kingdom is undergoing a significant transformation due to the country’s recent ban on single-use plastics. This bold initiative, implemented in October 2023, is expected to have a ripple effect on packaging markets globally. The ban is driving a shift towards more sustainable materials like metal, glass, paper, and paperboard for rigid packaging solutions.
Food Industry Fuels US Market Growth
The US rigid packaging container market is experiencing steady growth, driven by the expanding food sector. The rising demand for ready-to-eat (RTE) food products is fueling the need for innovative and convenient packaging solutions. Additionally, the US Department of Interior’s plans to phase out single-use plastics on public lands by 2032 will further propel the market towards sustainable alternatives.
Looking Ahead: A Sustainable Future for Packaging
The rigid packaging container market presents a promising future driven by a growing emphasis on sustainability and innovation. As consumers and governments prioritize eco-friendly solutions, market players are well-positioned to capitalize on this shift by developing and offering a wider range of sustainable and functional rigid packaging options.
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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
