The global rigid packaging containers market is anticipated to attain a market value of US$ 208.6 billion in 2022 and show a CAGR of 4.0% to reach US$ 308.7 billion by 2032 during the forecasted period. The top 3 nations are anticipated to control 30–35% of the global rigid packaging containers market by the end of 2022, as the market for rigid packaging containers is expected to grow rapidly.
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According to a report recently released by FMI, increased e-commerce activity and cross-border trade have increased demand for rigid packing containers. These containers’ sturdy and non-reactive qualities have increased their use in a variety of industries, including food and beverage, home care, cosmetics, healthcare, and industrial goods, among others.
Because rigid packaging is recyclable and reused, it aids businesses in establishing a circular economy. As a result of the decreased carbon footprint, this should benefit the vendors.
Because rigid packaging is recyclable and reused, it aids businesses in establishing a circular economy. As a result of the decreased carbon footprint, this should benefit the vendors.
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Competitive Landscape
Key players in the global rigid packaging containers market are trying to focus on expanding their production capacity by investing in their existing facilities to cater to the growing demand for rigid packaging containers. Also, the key players are focusing on developing sustainable and innovative products to meet the demand for sustainable packaging. Some of the recent developments by the players are-
- In August 2022, Berry Global Group announced the launch of a food pack manufactured using recycled PET content which helps in meeting the consumer demand for a sustainable product along with exceeding the sustainability goal of the company.
- In April 2022, Amcor plc announced an investment to establish new thermoforming capabilities for medical packaging in its Sligo, Ireland, healthcare packaging facility.
- In January 2022, Smurfit Kappa Group expanded its capacity by investing US$ 33 Million in its Brazil plant to install a new corrugator which helped the company extend its capacity for fresh fruit, home appliances, and pharmaceutical packaging solution.
- In April 2021, Mauser Packaging Solutions announced the acquisition of a company named Global Tank Srl which will help the company expand its presence in the Europe market for industrial packaging products.
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Key Players:
- Grief, Inc.
- Amcor Plc
- Berry Global Group
- Silgan Holdings, Inc
- Sonoco Products Company
- Mauser Packaging Solutions
- Ball Corporation
Rigid Packaging Containers Market by Category
By Material:
- Plastic
- Metal
- Glass
- Paper & Paperboard
By Product Type:
- Bottles & Jars
- Cans
- Jerry Cans
- Drums
- Boxes & Cartons
- IBCs
- Others (Clamshells, Kegs, etc.)
By End Use:
- Food & Beverage
- Pharmaceutical
- Cosmetics & Personal Care
- Homecare
- Automotive
- Chemicals
- Other Consumer Durables
By Region:
- North America
- Latin America
- Europe
- South Asia
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