RIGID PACKAGING MARKET ANALYSIS

Rigid Packaging Market Size and Trends

Global rigid packaging market is estimated to be valued at USD 227.36 Bn in 2024 and is expected to reach USD 311.48 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.

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The market is experiencing positive growth due to increasing demand for packaged food and beverages globally. Rising preference of consumers towards packaged products due to changing lifestyles and growing busy schedules has propelled the sales of rigid packaging. Moreover, the burgeoning e-commerce industry has significantly contributed to the market expansion over the years. Swift globalization and increasing adoption of western consumption patterns in developing regions are some of the key underlying factors accelerating the rigid packaging market trends going forward.

Focus on shelf life and product protection

One of the key drivers for the rigid packaging market is the need for longer shelf life and effective product protection. Rigid packaging plays a vital role in preserving the quality and freshness of packaged goods for extended periods without refrigeration. The use of rigid materials like glass, metal, rigid plastics, and others prevent contents from being damaged due to external factors like pressure, moisture, microorganisms during transportation and storage. Rigid packaging provides superior barrier protection as compared to flexible packaging formats. Glass and rigid plastic containers completely seal food products against air and moisture. Metal cans effectively block oxygen and prevent corrosion. This ability to create an impenetrable barrier is crucial for products that have a higher risk of spoilage. Packaged foods, beverages, healthcare products often needs to remain unchanged for several weeks or months before consumption. The integrity offered by rigid materials against external contamination go a long way in extending shelf life without preservatives.  Furthermore, the robust nature of rigid packaging protects fragile contents from damage during distribution activities involving rigorous handling and stacking of packages on shelves, trucks, warehouses, and others. Contents are well-insulated in rigid shells that can withstand accidental bumps and drops. This reduces losses due to product breakage. Manufacturers especially prefer rigid containers for products that need to bear the pressure of transporting and stacking of heavy packages. Industries such as food, beverages and household chemicals leverage the durability of rigid packaging for safely delivering products to customers through multi-step supply chains. Growing food industry is expected to drive the market growth.

For instance, according to the data published by Invest India in 2022, the Indian Food Processing market is estimated to reach US$ 535 Bn by 2025, exhibiting a compound annual growth rate of 15.2%.

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Another major driver is the convenience offered by rigid packages in terms of portability and portion control. Rigid containers allow measured single-use or single-serve volumes of products to be quickly transported and consumed ‘on-the-go’. Foods, beverages, cosmetics commonly come in rigid cans, bottles, jars or boxes in predetermined amounts. This encourages consumers to purchase in manageable quantities depending on immediate needs. They need not worry about unused portions getting wasted. Rigid packaging with re-closable lids, pour spouts or snap caps allow easy dispensing of exact amounts. Liquids and viscous semi-solids like soup, shampoo, spread, and others can be carried without spillage due to the sturdiness of rigid materials. The rigidity also helps brand owners to differentiate their products.