Impact of E-commerce Growth on Rigid Packaging Containers by 2032 |...

Impact of E-commerce Growth on Rigid Packaging Containers by 2032

Posted 2023-11-22 10:59:10

Introduction

In the world of product packaging, the Rigid Packaging Containers Market stands as a sturdy and reliable cornerstone. This market plays a crucial role in protecting and preserving a wide range of goods, from food to electronics. With an industry that continuously evolves to meet the demands of an ever-changing market, it’s essential to dive deep into the Rigid Packaging Containers Market to understand its dynamics.

Over the forecasted timeframe, the worldwide rigid packaging containers market is poised to begin at a value of US$ 208.6 billion in 2022 and is expected to exhibit a steady 4.0% compound annual growth rate (CAGR), ultimately reaching US$ 308.7 billion by 2032.

The surge in chemical production in China stands as a pivotal catalyst propelling the demand for bulk packaging solutions, including drums, IBCs (Intermediate Bulk Containers), and others. The rigid packaging containers market in China is poised for remarkable growth, projected to reach 1.6 times its current market value from 2022 to 2032. According to data from the European Chemical Industry Council (CEFIC), China has secured its position as the world’s largest chemical producer, contributing to approximately 45% of global chemical sales in 2020. This statistical dominance underscores China’s pivotal role in the global chemical landscape and substantiates the anticipation of an escalating demand for rigid packaging containers in response to the burgeoning chemical industry within the country.

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Rigid Packaging Containers Market Competition Landscape

Grief, Inc.
Amcor Plc
Berry Global Group
Silgan Holdings, Inc
Sonoco Products Company
Mauser Packaging Solutions
Ball Corporation
Pactiv LLC
SCHÜTZ GmbH & Co. KGaA
Winpak Ltd.
WestRock Company
Sabert Corporation
International Paper Company
Fabri-Kal Corporation
Georgia-Pacific LLC
other

are prominent players in the rigid packaging containers market. The Tier 3 players in the market hold 80-85% in the global rigid packaging containers market. In conclusion, key players contribute almost 15% of the global market.

Key Takeaways from Rigid Packaging Containers Market

The bottles and jars segment is experiencing unmatchable demand in the rigid packaging containers market, especially in the food & beverages industries
Up to 5 litre capacity rigid packaging cans and bottles estimated to account for more than 40% in terms of value of the market share by 2030
Plastic as a material is estimated to account for more than 55% of the global market by value to reach slightly over US$ 155 Bn by 2030
Asia Pacific is estimated to have an incremental opportunity of approximately US$ 32 Bn in the next 8 years with presence of large number of rigid packaging container manufacturers in the region
Food & beverage industry estimated to be the key end user of rigid packaging containers as it is poised to account for over 40% of the rigid packaging containers global market share by 2030

Key Benefits

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Rigid Packaging Containers market analysis from 2022 to 2032 to identify the prevailing Rigid Packaging Containers market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.

Key Segmentations-

By Material: