Global Rigid Packaging Market is estimated to be valued at US$ 693,808.32 Million in 2021, according to the Global Rigid Packaging Market Report, by Material Type (Plastic, Metal, Wood, Glass, Paper & Paperboard), by Application (Food & Beverage, Chemical Industry, Consumer Goods, Healthcare & Pharmaceuticals, Others), by Product Type (Boxes, Trays, Containers & Cans, Bottle & Jars, Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.

Global rigid packaging market was valued at US$ 6093,808.32 Million in 2021. Rigid packaging market is expected to register a CAGR of 3.3% over the forecast period (2022–2030). The Asia Pacific region is expected to dominate market over the forecast period and is projected to be the largest and fastest-growing region.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/rigid-packaging-market-846

Browse 50 market data tables* and 40 figures* on "Global Rigid Packaging Market” - Forecast to 2030.

Key Trends and Analysis of the Global Rigid Packaging Market:

  • Product innovation by the major player is a trend in market and this trend is expected to foster the market growth of rigid packaging. For instance, in April 2019, Braskem, a petrochemical company in Brazil launched four new products in the rigid packaging segment for chemical and agrochemical products. The new products are from the Braskem Rigeo family, a brand launched in 2017 to unify Braskem's robust portfolio in rigid polyethylene.
  • Strategic alliance such as collaborations and agreements among key manufacturers is the current trend in market and this trend is expected to augment the market growth of the rigid packaging. For instance, in January 2020, Sonoco, a United States based international supplier of diversified packaging solutions and services, acquired Thermoform Engineered Quality LLC, and Plastique Holdings Ltd.

Key Takeaways of the Global Rigid Packaging Market:

  • On the basis of region, Asia Pacific region dominated the global rigid packaging market in 2021 in terms of value, followed by Europe and North America respectively.
  • On the basis of application, food & beverage segment dominated the global rigid packaging market in 2021 with 45% of market share in terms of value, followed by consumer goods & chemical industry respectively.
  • New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the development of innovative packaging solutions are key strategies adopted by players in the global rigid packaging market.

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