Rigid Packaging Market Assessment, By Materials [PE, PP, LDPE, PVC, PET, Foam PET, Others], By Type [Blister Packaging, Carton Liner, Pallet Covers, Bottles and Vials, Canisters and Jerrycans, Others], By Production [Molding, Extrusion, Compression Blow F

Rigid Packaging Market Assessment, By Materials [PE, PP, LDPE, PVC, PET, Foam PET, Others], By Type [Blister Packaging, Carton Liner, Pallet Covers, Bottles and Vials, Canisters and Jerrycans, Others], By Production [Molding, Extrusion, Compression Blow Forming, Thermoforming, Others], By End-user [Food and Beverage, Beauty and Personal Care, Industrial Packaging, Others], By Region, Opportunities and Forecast, 2016-2030F

Rigid packaging market size was valued at USD 224.32 billion in 2022, which is expected to reach USD 341.65 billion in 2030, with a CAGR of 5.4% for the forecast period between 2023 and 2030.

Smart packaging solutions are augmenting revenues for various sectors, encouraging manufacturers to create more effective rigid packaging. Rigid packaging is strict in its form and shape with superior elasticity and subsequently offers structure and support for products across different sectors. The rise in the production activities of the food and beverage industry, along with the rapidly advancing cosmetics and personal care, are the prime determinants augmenting the growth of the rigid packaging industry growth. Furthermore, the recent technological innovations related to rigid packaging will create a lucrative opportunity for market growth during the projected forecast period.

Rigid packaging with extended shelf life is revolutionizing the food delivery and catering services. For instance, the World Packaging Organization (WPO) and The Active & Intelligent Packaging Organization (AIPIA) have significantly collaborated to work together on developing smart packaging solutions.

The growth of the online grocery industry will create a lucrative potential for the rigid packaging market growth. For instance, according to the India Brand Equity Foundation (IBEF), the online grocery market in India will reach USD 26.93 billion by 2027.

Rigid Packaging has Revolutionized the Packaging Solution for Food Products

The food products comprise a huge volume and are circulated in various forms to the customers. Rigid packaging provides impeccable solutions to convenience and ready meals where the food products are fresh and appealing for a definite time. The food product should sustain good shelf life under specified ambient conditions where rigid packaging provides high oxygen barrier. Rigid packaging is utilized in the catering and delivery services for effective product protection and germ prevention. Furthermore, microwaveable hinged-lid containers are widely used as upscale packaging for fried and crispy food products. Excellent insulation properties along with durable foam offer innovative rigid packaging solution to wide range of food products.

For instance, in September 2023, World Packaging Organization (WPO) and The Active & Intelligent Packaging Organization (AIPIA) have successively partnered to work together on developing smart packaging while incorporating the advanced packaging of AIPIA.

In July 2023, Mondi, a food and packaging company confirmed an investment of around USD 17.99 million to enhance the production capacity of its new packaging range, including rigid packaging. Pactiv LLC is a leading company in rigid packaging, which has been patented for various food-based products like chicken roaster containers, padless meat trays, and salad bowls. Thus, the increasing adoption of rigid packaging in the food industry is a major factor accelerating the growth of the market.

Blister Packaging is Incredibly Significant in Rigid Packaging Solutions

Blister packaging mostly comprises PET (polyethylene terephthalate) and PVC (polyvinyl chloride) materials. Blister packaging is extensively used in providing packaging solutions for food products, cosmetics, and pharmaceuticals. In addition, blister packaging is equipped with side ventilation to promote cooling, optimize moisture content, and impart freshness. Blister packaging has significant advantages over other packaging solutions as it has superior sealing properties and carries light weight for transportation.

For instance, in 2021, Südpack Medica provided a sustainable alternative to PVC/PVDC blister materials which is thermoforming polypropylene-based film. Hence, the increasing demand for blister packaging, due to its beneficial properties, is fostering market growth.

Polyethylene Terephthalate is Augmenting the Market

Polyethylene terephthalate (PET) is a promising material for providing excellent characteristics for rigid packaging solution. PET is clean in appearance, chemically inert, and complies with sustainable goals. PET is thermoplastics and is mechanically resistant, delivering remarkable rigid packaging solution. Recycled PET (rPET) materials can be successively used in developing rigid packaging for food products. Thus, the incorporation of PET materials can substantially reduce the plastic content by around significant factor.

For instance, Sonoco Products Company is offering different PET-based salad containers, which are transparent and convenient to use. Furthermore, in September 2022, PPT Global Chemical (GC), a Thailand-based entity formed a collaboration with Alpha Group, with the aim to create new food-grade packaging from 100% post-consumer recycled PET (PCR PET). Hence, the increasing utilization of polyethylene terephthalate (PET) in the rigid packaging application is augmenting traction for the market growth.

Impact of COVID-19

The outbreak of COVID-19 severely impacted numerous industries. The shutdown of manufacturing units and essential food delivery services has deteriorated the economic stability. The packaging industry was extremely affected where the production volume for different sectors reduced drastically. Post pandemic, the disastrous impact packaging industries took overturn where investment begin to grow significantly. Hence, in the long term, the impact of COVID-19 pandemic will be eliminated, thereby fostering global rigid packaging market growth trend prior to 2020.

Key Players Landscape and Outlook

The rigid packaging market is successfully growing with the increasing demand for rigid and toughened packaging solution with extended shelf life. Berry Global Inc. offers a wide range of rigid packaging solutions to different sectors including agriculture and horticulture. The company offer products in different shapes and dimensions according to the requirement and subsequently withstands hot filling and blast freezing for food packaging. Berry Global Inc. have innovative injection compression molding technology which is very effective in manufacturing closures.

In October 2023, Berry Global Inc., launched a new range of upmarket reusable plastic cups for encouraging foodservice. The cup range is available in 250 ml and 500 ml sizes for hot drinks and soups and 250 ml, 400 ml wide sizes for cold drinks. The company has launched bulk containers with volumes 20 and 25 liters, comprising 35% recycled materials. The prime focus of the launch was to increase the product offering in the global market.