Rigid Packaging Market - By Material Type (Plastic, Glass, Metal, Paperboard), By Product Type (Bottles & Jars, Cans, Cartons & Boxes, Tubes & Containers, Trays & Clamshells), By Production Process, By End-use & Forecast, 2023 - 2032

Rigid Packaging Market - By Material Type (Plastic, Glass, Metal, Paperboard), By Product Type (Bottles & Jars, Cans, Cartons & Boxes, Tubes & Containers, Trays & Clamshells), By Production Process, By End-use & Forecast, 2023 - 2032

Rigid packaging market size is expected to record around 4.4% CAGR from 2023 to 2032 owing to the continuous innovations as well as the adaptability of the product. Rigid packaging caters to diverse consumer demands and industry requirements, as it durable and sustainable.

The expanding e-commerce sector, along with the rising awareness regarding environmental concerns has spurred the development of eco-friendly and recyclable packaging, a trend that continues to influence the market positively. For instance, Puracy, US-based household cleaning and personal care brand, launched new sustainable clean can packaging under its initiative to create eco-friendly and efficient packaging approach. The idea behind using sustainable packing options is to make them cost-effective while reducing the carbon footprint.

The overall rigid packaging market is divided into material type, product type, production process, end-use, and region.

The paperboard segment is expected to garner significant demand over 2023-2032 due to its versatile and eco-friendly characteristics. The enhanced focus on sustainable packaging solutions has led to the increased adoption of paperboard packaging across various industries. Its lightweight yet durable properties make it an ideal choice for consumer goods. These packaging can be reused, recycled, as well as decomposed, reducing the overall waste and carbon footprint.

The cans segment is anticipated to generate significant revenue by 2032 owing to the changing preferences of consumers and the dynamic requirements of different industries. The superior preservation capabilities, convenience, and recyclability of cans have propelled their demand across various sectors, including food & beverages, thereby contributing to the market expansion.

Asia Pacific rigid packaging market size is expected to grow through 2032, with burgeoning economies with a robust manufacturing sector that is driving the demand for diverse packaging solutions. The region's increasing population, coupled with the expanding urbanization and industrialization, has led to a substantial upsurge in the consumption of packaged goods. This factor, along with a growing emphasis on sustainable packaging practices and the rising e-commerce sector is fueling the demand for rigid packaging across the APAC region, adding to market growth.