Rigid Industrial Packaging Market Forecasts to 2030 - Global Analysis by Product Type (Intermediate Bulk Containers, Pails, Crates, Tubes, Drums, Bulk Boxes and Other Product Types), Material, End User and By Geography

According to Stratistics MRC, the Global Rigid Industrial Packaging Market is accounted for $34.3 billion in 2024 and is expected to reach $48.2 billion by 2030 growing at a CAGR of 5.8% during the forecast period. Rigid industrial packaging refers to durable, inflexible containers designed for the safe transport, storage, and handling of goods in industrial settings. Made from materials like plastic, metal, or glass, these packages protect products from damage, contamination, and environmental factors. Common forms include drums, barrels, and crates, which are used for bulk materials, chemicals, and other heavy-duty applications, ensuring secure and efficient logistics.

According to the United States Environmental Protection Agency (EPA), containers and packaging accounted for 82.2 million tons of municipal solid waste generation in 2018, which was approximately 28.1% of total generation.

Market Dynamics:

Driver:

Rise in global industrial production

The rise in global industrial production is a significant driver for the Rigid Industrial Packaging Market. As manufacturing activities increase across various sectors such as chemicals, pharmaceuticals, and automotive, the demand for robust and secure packaging solutions grows. Rigid industrial packaging provides the necessary protection for products during storage and transportation, ensuring their integrity and safety. This increased industrial output leads to a higher volume of goods requiring packaging, directly boosting the demand for rigid industrial packaging solutions and contributing to market expansion.

Restraint:

Volatility in raw material prices

Volatility in raw material prices poses a significant restraint on the rigid industrial packaging market. The market relies heavily on materials such as plastics, metals, and paper, which are subject to price fluctuations due to factors like supply chain disruptions, geopolitical tensions, and environmental regulations. These price variations can impact production costs and profit margins for manufacturers, potentially leading to higher prices for end users. This instability can also create uncertainty in long-term planning and investment decisions, potentially slowing market growth.

Opportunity:

Increasing demand from the food & beverage

As consumer preferences shift towards convenience and packaged foods, and with the growth of e-commerce in the food sector, there's a rising need for robust, safe, and sustainable packaging solutions. Rigid industrial packaging offers benefits such as extended shelf life, protection against contamination, and improved logistics efficiency. This trend allows packaging manufacturers to innovate and develop specialized solutions tailored to the unique requirements of the food and beverage industry, driving market growth and diversification.

Threat:

Supply chain disruptions

Global events such as natural disasters, pandemics, or geopolitical conflicts can severely impact the production and distribution of packaging materials and finished products. These disruptions can lead to shortages, delayed deliveries, and increased costs, affecting the entire value chain. The interconnected nature of global supply chains makes the market vulnerable to such disturbances, potentially causing production halts, loss of customers, and financial instability for companies in the rigid industrial packaging sector.

Covid-19 Impact:

The COVID-19 pandemic initially disrupted supply chains and manufacturing processes in the Rigid Industrial Packaging Market. However, it also increased demand in sectors like pharmaceuticals and e-commerce, offsetting some losses. The pandemic accelerated trends towards sustainable and hygienic packaging solutions, influencing product development and market strategies in the long term.

The food & beverage segment is expected to be the largest during the forecast period

The food and beverage segment's dominance in the rigid industrial packaging market is driven by several factors. Increasing urbanization, changing consumer lifestyles, and growing demand for packaged and convenience foods contribute to its expansion. Rigid packaging offers superior protection against contamination, extends shelf life, and maintains product quality, which are crucial in the food and beverage industry. Additionally, stringent regulations regarding food safety and packaging standards further propel the adoption of rigid industrial packaging solutions.

The paper & paperboard segment is expected to have the highest CAGR during the forecast period

The paper and paperboard segment's high CAGR in the rigid industrial packaging market is attributed to increasing environmental concerns and the shift towards sustainable packaging solutions. Paper and paperboard are renewable, biodegradable, and easily recyclable, aligning with growing consumer and regulatory demands for eco-friendly packaging. Innovations in paper-based materials have improved their strength and barrier properties, making them suitable for a wider range of industrial applications. The segment's growth is further driven by advancements in manufacturing technologies that enhance the performance and cost-effectiveness of paper-based rigid packaging solutions, making them increasingly competitive with traditional materials.

Region with largest share:

The Asia Pacific region's dominance in the rigid industrial packaging market is driven by rapid industrialization, urbanization, and economic growth in countries like China and India. The region's expanding manufacturing sector, particularly in electronics, automotive, and chemicals, fuels demand for robust packaging solutions. Additionally, the growing middle-class population and changing consumer preferences are boosting the food and beverage industry, a key end-user of rigid industrial packaging. The region's strategic position in global supply chains and its role as a manufacturing hub further contribute to its market leadership in rigid industrial packaging.

Region with highest CAGR:

The Asia Pacific region's high CAGR in the rigid industrial packaging market is attributed to several factors. Rapid industrialization in emerging economies, increasing foreign direct investments, and government initiatives promoting manufacturing sectors are driving demand for industrial packaging. The region's growing population and rising disposable incomes are boosting consumption of packaged goods, particularly in the food and beverage sector. Additionally, the expansion of e-commerce and the need for efficient logistics solutions are fueling innovations in rigid packaging. The region's focus on sustainable development is also driving the adoption of eco-friendly rigid packaging solutions, further accelerating market growth.

Key players in the market

Some of the key players in Rigid Industrial Packaging market include Amcor plc, Berry Global Group Inc., Sonoco Products Company, Silgan Holdings Inc., WestRock Company, Greif Inc., Sealed Air Corporation, DS Smith Plc, Nefab Group, International Paper, Smurfit Kappa Group, Mondi Group, Pactiv LLC, Georgia-Pacific Corporation, Plastipak Holdings Inc., Tetra Pak International, Bemis Company Inc., and Reynolds Group Holdings.

Key Developments:

In May 2024, Amcor, a global leader in developing and producing responsible packaging solutions, has expanded its packaging innovation hubs around the world. In addition to existing centers in the US, South America and Asia Pacific, the company has now opened its Amcor Innovation Center Europe (AICE) in Ghent, Belgium. The AICE will pioneer new material technologies to make packaging more sustainable and performant, while focusing on designs that stand out in shops and increase ease-of-use for consumers.

In April 2024, International Paper and DS Smith Plc announced that they have reached agreement on the terms of a recommended all-share combination, creating a global leader in sustainable packaging solutions. The terms of the Combination value each DS Smith share at 415 pence per share, and will result in IP issuing 0.1285 shares for each DS Smith share, resulting in pro forma ownership of 66.3% for IP shareholders and 33.7% for DS Smith shareholders, implying a transaction value of approximately $9.9 billion. The Combination is expected to close by the fourth quarter of 2024.

Product Types Covered:

• Intermediate Bulk Containers (IBCs)
• Pails
• Crates
• Tubes
• Drums
• Bulk Boxes
• Other Product Types

Materials Covered:

• Plastic
• Metal
• Wood
• Paper & Paperboard
• Other Materials

End Users Covered:

• Food & Beverage
• Chemicals & Petrochemicals
• Pharmaceuticals & Healthcare
• Machinery & Equipment
• Building & Construction
• Agriculture
• Automotive
• Oil & Lubricants
• Electronics
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances