Between 2022 and 2032, the CAGR for the global market for rigid boxes is anticipated to be between 5% and 6%. Thanks to the growing premiumization trend, luxury rigid boxes are being quickly adopted across a variety of industries. With a CAGR of around 4% to 5% between 2022 and 2032, it is estimated that the luxury rigid box market will create an absolute dollar potential of over US$ 5.5 billion by the end of that year.The expanding need for rigid packaging solutions for delicate and sensitive products coming from the rapidly expanding e-commerce and logistics industries is opening up opportunities for global market growth.
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Industries like food and beverage, chemical, electrical and electronics, cosmetics and personal care, and healthcare are all experiencing strong increase in the demand for rigid boxes for primary, secondary, and bulk packaging applications.
What part does Eastern Europe play in growing the rigid box market?
Between 2022 and 2032, Eastern Europe is expected to develop into a highly lucrative market for rigid boxes, according to FMI.As the premiumization trend continues to gain ground across a variety of industries, including personal care & cosmetics, gifts, chocolates, and others, end use companies are putting more and more emphasis on adopting pricey-looking and alluring packaging solutions to boost the product appeal. As a result, top market players are attempting to launch distinctive luxury rigid boxes in order to take advantage of this current potential.
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Market Competition
Some of the leading players in the rigid boxes market are
- International Paper Company,
- Mondi Group Plc,
- Metsä Board,
- Bee Packaging,
- Tat Seng Packaging Group Ltd.,
- Stora Enso Oyj,
- Smurfit Kappa Group Plc,
- Shillington Box Co., LLC,
- Great Little Box Company Ltd.,
- Georgia Pacific LLC, and others.
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Key Segments Profiled in the Rigid Boxes Market Survey
By Material Type:
- Paper
- Containerboard
- Paperboard
- Plastic
- Polypropylene
- High-Density Polyethylene
- Other plastics
- Metal
- Aluminum
- Steel
By Product Type:
- Basic Rigid Boxes
- Secondary Rigid Boxes
- Luxury Rigid Boxes
By End Use:
- Electrical & Electronics
- Cosmetics & Personal Care
- Food & Beverages
- Healthcare
- Home Care
- Automotive & Allied Industries
- Chemical
- Others
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