The Latest Rigid Packaging Industry Statistics Explained
The global rigid packaging market was valued at around 589.03 billion USD in 2020.
The statistic indicates that the total market value of rigid packaging worldwide was approximately 589.03 billion USD in 2020. Rigid packaging refers to containers or packaging materials that maintain their shape and are typically used for protecting and preserving goods. This figure serves as a measurement of the scale and economic significance of the global rigid packaging industry. It reflects the total value of sales, production, and consumption within the market, highlighting the substantial financial transactions and economic activity associated with the manufacturing, distribution, and use of rigid packaging materials across various industries.
The rigid packaging market is expected to grow at a CAGR of 3.2% from 2021 to 2028.
The statistic indicates that the rigid packaging market is projected to experience a Compound Annual Growth Rate (CAGR) of 3.2% from 2021 to 2028. This means that on average, the market is anticipated to increase by 3.2% each year during this period. The CAGR is a useful metric for understanding the steady annual growth rate of a market over multiple years, providing insight into the overall growth trajectory. The statement suggests that the demand for rigid packaging is expected to steadily rise over the next few years, likely driven by factors such as increasing consumer preferences for durable and sustainable packaging solutions, growth in e-commerce activities, and advancements in packaging technologies.
Asia-Pacific dominated the global rigid packaging market in 2019.
The statistic that ‘Asia-Pacific dominated the global rigid packaging market in 2019’ indicates that the region of Asia-Pacific had the largest market share in the rigid packaging industry compared to other regions worldwide during that year. This suggests that Asia-Pacific countries were the leading producers and consumers of rigid packaging in 2019. The dominance of Asia-Pacific in the global rigid packaging market could be attributed to factors such as population growth, increasing industrialization, rising consumer demand for packaged goods, and favorable economic conditions within the region. As a result, businesses operating in the rigid packaging industry may have focused their efforts on catering to the Asia-Pacific market in order to capitalize on its dominant position and potential growth opportunities in the region.
Plastic was the most used material in the rigid packaging market with a share of more than 55% in 2020.
The statistic indicates that in 2020, plastic dominated the rigid packaging market by accounting for over 55% of the total usage of materials in this sector. This means that more than half of all rigid packaging products were made from plastic. The high share of plastic usage suggests that it is the most preferred material for manufacturers of rigid packaging products due to factors such as cost-effectiveness, durability, versatility, and ease of customization. The statistic highlights the prominent position of plastic in the rigid packaging industry and its widespread adoption by businesses and consumers for various packaging needs.
By 2026, the rigid plastic packaging market is projected to reach 225.8 billion USD.
The statistic indicates that the rigid plastic packaging market is expected to grow significantly by the year 2026, reaching a value of 225.8 billion USD. This projection suggests a significant increase in the demand for rigid plastic packaging products over the coming years. This growth may be driven by various factors such as the increasing preference for plastic packaging due to its durability, convenience, and cost-effectiveness, as well as the expanding consumer goods and e-commerce industries globally. The statistic highlights a lucrative market opportunity for businesses operating in the rigid plastic packaging sector, and underscores the importance of staying competitive and innovating to capitalize on the projected market growth.
The food & beverage sector accounted for over 50% share of the rigid packaging market in 2019.
This statistic indicates that in 2019, the food & beverage sector held a dominant position in the rigid packaging market, accounting for more than half of the total market share. This high share signifies the significant demand for rigid packaging within the food & beverage industry, which may be attributed to various factors such as the need for durable and protective packaging to safeguard perishable goods, as well as consumer preferences for convenient and visually pleasing packaging. The strong presence of the food & beverage industry in the rigid packaging market suggests that companies operating within this sector play a crucial role in driving market trends and innovations in packaging design and materials to meet the specific requirements of their products.
North America’s rigid packaging market is projected to reach a value of 166 billion USD by 2027.
This statistic indicates a forecasted value for North America’s rigid packaging market, highlighting an anticipated market size of 166 billion USD by the year 2027. Rigid packaging refers to containers and packaging materials that maintain their shape and protect the contents during handling and transportation. The projected growth in this market suggests a positive outlook for manufacturers and suppliers within the rigid packaging industry in the North American region over the coming years. Factors contributing to this growth may include increasing demand for packaged goods, technological advancements in packaging materials, and evolving consumer preferences driving changes in packaging design and functionality.
The pharmaceutical industry is expected to display the highest CAGR in the rigid packaging market during 2020-2025.
This statistic indicates that the compound annual growth rate (CAGR) within the rigid packaging market is projected to be highest for the pharmaceutical industry between the years 2020 and 2025. This suggests that the pharmaceutical industry is expected to experience a substantial increase in demand for rigid packaging materials during this time period, potentially due to factors such as growing healthcare needs, increased focus on medication safety, and expanding pharmaceutical production. The pharmaceutical sector’s strong CAGR forecast signifies a significant opportunity for packaging companies that cater to this industry to capitalize on the rising demand and potentially achieve high growth rates in their sales and revenues over the specified period.
The demand for sustainable and recyclable packaging is expected to drive the rigid packaging market.
The statement implies that the increasing consumer preference for sustainable and recyclable packaging materials is projected to have a significant impact on the rigid packaging market. As more consumers become environmentally conscious and seek products with minimal environmental impact, the demand for rigid packaging that aligns with sustainable and recyclable practices is expected to rise. This shift in consumer behavior is likely to drive manufacturers and suppliers in the rigid packaging industry to develop and offer more environmentally friendly packaging solutions, leading to a potential market growth in this sector. This statistic highlights the growing importance of sustainability in packaging choices and suggests a potential market opportunity for companies that prioritize environmental considerations in their product offerings.
China is the largest rigid packaging market in the Asia-Pacific region.
The statement “China is the largest rigid packaging market in the Asia-Pacific region” indicates that China dominates the market for rigid packaging materials in terms of sales volume, market share, or production capacity compared to other countries in the Asia-Pacific region. This statistic suggests that China has significant demand for rigid packaging products such as bottles, cans, jars, and containers, possibly due to its large population, growing economy, and increasing consumer goods consumption. The market size and dominance of China in the rigid packaging industry have implications for businesses looking to enter or expand within the region, as it highlights the importance of understanding and potentially targeting the Chinese market for growth opportunities.
The glass rigid packaging segment was at 54.28 billion USD in 2020.
The statistic “The glass rigid packaging segment was at 54.28 billion USD in 2020” refers to the total market value of glass packaging products that are rigid, such as bottles and jars, in the year 2020. This figure indicates the significant size and economic value of the glass packaging industry within the global market. The amount of 54.28 billion USD signifies the total revenue generated by the sales of glass rigid packaging products during the year 2020, highlighting the importance of glass as a preferred material for packaging various consumer goods. This statistic serves as a key indicator of the market demand for glass packaging and its contribution to the overall packaging industry.
The demand for rigid plastic packaging in Europe is expected to grow at a CAGR of 4% from 2020 to 2025.
This statistic indicates that the demand for rigid plastic packaging within the European market is projected to increase steadily at a compound annual growth rate (CAGR) of 4% over the period from 2020 to 2025. This implies that there is anticipated growth in the European market for rigid plastic packaging products, with a consistent annual growth rate of 4% expected over the next five years. Factors such as changing consumer preferences, increased focus on sustainability, and continued industrial applications are likely to be driving this growth trend. This statistic provides valuable insight for stakeholders in the packaging industry, helping them to anticipate and plan for potential market opportunities and challenges in the coming years.
In the US, the rigid packaging industry was valued at $40.84 billion in 2020.
The statistic indicates that the market value of the rigid packaging industry in the United States was $40.84 billion as of the year 2020. This figure represents the total worth of goods produced and sold within this sector in a specific timeframe. Rigid packaging encompasses materials like plastics, glass, metal, and paperboard that are used for packaging products such as beverages, food, pharmaceuticals, and household goods. The industry’s substantial value suggests its significance in the American economy and its potential for growth and innovation in meeting consumer needs and market demands.
The paper and paperboard segment accounted for over 29% of the rigid packaging market in 2019.
The statistic indicates that within the rigid packaging market in 2019, the paper and paperboard segment held a significant share, accounting for more than 29% of the total market. This suggests that paper and paperboard materials were widely used for packaging products in rigid formats such as cartons, boxes, and containers. The high market share of this segment signifies the popularity and preference for paper-based packaging due to factors such as sustainability, recyclability, and cost-effectiveness. This statistic highlights the importance of paper and paperboard materials in the packaging industry and their substantial contribution to the rigid packaging market in 2019.
Biodegradable rigid packaging is expected to grow at a CAGR of 15% from 2019 to 2025.
This statistic indicates that the market for biodegradable rigid packaging is projected to experience a Compound Annual Growth Rate (CAGR) of 15% between the years 2019 and 2025. This forecast suggests a strong and consistent growth trend for the biodegradable rigid packaging industry over the specified period. The CAGR metric highlights the average annual growth rate that the market is expected to achieve, signaling increasing demand and adoption of eco-friendly packaging solutions. This growth trajectory likely reflects evolving consumer preferences towards sustainable and environmentally conscious products, as well as regulatory initiatives promoting the use of biodegradable materials in packaging.
The Indian rigid packaging industry is expected to reach $25 billion by 2025.
The statistic indicates that the Indian rigid packaging industry is projected to grow significantly and reach a total value of $25 billion by the year 2025. This represents a substantial increase from the current valuation of the industry. The growth of the industry is likely driven by a combination of factors such as increasing demand for packaged goods, advancements in packaging technology, and evolving consumer preferences. This statistic serves as a positive indicator of the market potential and opportunities within the Indian rigid packaging industry, suggesting potential for expansion and investment in the sector in the coming years.
Beverage packaging held a major market share of 28% in the rigid plastic packaging market in 2015.
The statistic “Beverage packaging held a major market share of 28% in the rigid plastic packaging market in 2015” means that within the segment of rigid plastic packaging, beverage packaging specifically accounted for a significant portion of the market at 28% in the year 2015. This indicates that beverages packaged in rigid plastic containers were a dominant player in the market during that period, suggesting a high level of demand and consumption within the industry. The statistic highlights the importance of beverage packaging as a key sector within the rigid plastic packaging market in 2015.
The metal cans segment in the rigid packaging market was valued at 29.8 billion USD in 2018.
The statistic that the metal cans segment in the rigid packaging market was valued at 29.8 billion USD in 2018 indicates the total financial worth of metal cans used for packaging purposes within that specific market during the given year. This valuation reflects the combined cost of all metal cans sold and used for packaging various products across industries such as food and beverages, pharmaceuticals, and personal care. The significant monetary value highlights the importance and widespread use of metal cans as a preferred packaging option for many consumer goods due to their durability, recyclability, and ability to preserve product freshness and quality. The high valuation of the metal cans segment underscores its economic significance within the broader rigid packaging market and suggests a thriving industry with continued growth potential.
In Canada, the rigid packaging market is expected to grow at a CAGR of 5.9% from 2019 to 2025.
This statistic indicates that in Canada, the market for rigid packaging is projected to experience a Compound Annual Growth Rate (CAGR) of 5.9% between 2019 and 2025. The CAGR represents the annual growth rate of the market over a specified time period, in this case, six years. This growth rate suggests a positive trend in the demand for rigid packaging within the Canadian market, potentially driven by factors such as increasing population, changing consumer preferences, and growth in various industries requiring packaging solutions. The forecasted rate of growth indicates opportunities for businesses operating in or associated with the rigid packaging industry to expand their market presence and potentially increase revenue over the specified period.
Conclusion
Based on the comprehensive review of the statistics presented in this blog post regarding the rigid packaging industry, it is clear that the sector is experiencing steady growth and evolution. The data highlights the increasing demand for rigid packaging solutions across various sectors, indicating a promising future for the industry. Companies operating in this space should continue to monitor these key statistics and trends to make informed decisions and stay competitive in the market.
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