Rigid Packaging Market Size Analysis and Top Companies
The global rigid packaging market size is projected to hit around USD 360.14 billion by 2033 from USD 221.95 billion in 2023 and with a CAGR of 4.96%. The major players operating in the rigid packaging market are Bemis Company, Inc., Amcor Limited, Coveris Holdings S.A, Reynolds Group Holding, Berry Plastics Corporation, Sonoco, Sealed Air Corporation, Silgan Holdings, Inc., Plastipak Holdings, Inc. Consolidated Container Company, DS Smith PLC, Ball Corporation, and Pthers.
Market Report Coverage
| Report Coverage |
Details |
| Market Size in 2023 |
USD 221.95 Billion |
| Market Size by 2033 |
USD 360.14 Billion |
| Growth Rate from 2024 to 2033 |
CAGR of 4.96% |
| Largest Market |
Asia Pacific |
| Fastest Growing Market |
North America |
| Base Year |
2023 |
| Forecast Period |
2024 to 2034 |
| Segments Covered |
By Material and By Application |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Rigid Packaging Key Players
- Bemis Company, Inc.
- Amcor Limited
- Coveris Holdings S.A
- Reynolds Group Holding
- Berry Plastics Corporation
- Sonoco
- Sealed Air Corporation
- Silgan Holdings, Inc.
- Plastipak Holdings, Inc.
- Consolidated Container Company
- DS Smith PLC
- Ball Corporation
Recent Development
- In May 2023, the first paperboard tube with a fiber-based closure has been created by Stora Enso, Blue Ocean Closures, and AISA. Brand owners can enhance the proportion of renewable material in their packaging by using this brand-new, cutting-edge wood fiber approach. The tube's components are all made to be recycled. The tube is made of Natura ShapeTM, a barrier-coated board from Stora Enso, and a screw cap created in partnership with Blue Ocean Closures, with assembly provided by AISA. The solution has the largest fiber content attainable in a tube design—more than 85%. It is anticipated to go on sale in 2024 and be used in cosmetic and personal care products.
- In September 2022, Sonoco officially agreed to buy privately held Danish paper firm Skjern for USD 88 million in cash. As a result of the acquisition, Sonoco will be able to modernize operations across Europe and neighboring regions and boost client production capacity. The purchase is in line with the packaging company's objective of developing the market for sustainable paper and packaging products in Europe while investing in its core business.
- In September 2022, to create DairySeal, a novel PET barrier technology for dairy beverage containers, Amcor Rigid Packaging (ARP) created ClearCor. The bottles are recyclable and their fabrication may use up to 80% recyclable materials. PET film has been used by ARP to produce a barrier that keeps dairy products taste good. The preform's core has a "concentrated capsulation" made by new technology developed by ClearCor, which allows the containers more flexibility and resin options.
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