Rigid Packaging Market

Rigid Packaging Market Market Research Report - Forecast to 2023
Global Rigid Packaging Market by Materials (Metals, Plastics, Glass, Paperboard), Product (Bottle & Jars,
Trays, Boxes, Containers, and Cans), Application (Food & Beverage, Healthcare, Personal Care, Consumer
Goods), and Region - Forecast 2023
Rigid packaging is a major part of overall packaging market. It is widely used for protecting many types of products from
physical shocks and from other types of damage. Rigid packaging is extensively used for packing volatile and highly reactive
products along with other types of products due to high durability. The demand for rigid packaging is increasing
continuously and is expected to grow at the same pace over the forecast period owing to increasing demand from the
consumer goods sector. The global rigid packaging market is estimated to grow at a CAGR of 6.0% during the estimated
period, 2017-2023.
High growth in transportation and logistics sector across the globe is the major factor driving the growth of the market.
Increasing e-commerce business across the globe pouring the demand for the rigid packaging market. The many consumers
shift from the traditional method of shopping to online shopping mainly due to the factor such as availability of different
kinds of goods, quicker delivery, easier return policies, and free shipping. Moreover, increasing trade-related agreements
among the countries also stimulating the growth of the market. However, growing popularity of flexible packaging and
fluctuating raw material prices are restraining the growth of the market.
Global rigid packaging market is expected to grow at a CAGR of 6.0% during the forecast period.
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