Rigid Trays Packaging Market Research, 2032
The global rigid trays packaging market was valued at $321.5 billion in 2023, and is projected to reach $528.4 billion by 2032, growing at a CAGR of 5.8% from 2024 to 2032.
Market Introduction and Definition
Rigid packaging, also referred to as sturdy packaging, is characterized by its firmness, inflexibility, and ability to maintain its shape even when not in use. With its robust construction and durable properties, it provides reliable protection and preservation for various items over an extended period. Crafted from materials such as glass, metal, PET, and HDPE plastics, which possess inherent rigidity, this type of packaging finds extensive application across different industries, ensuring the safety and attractive presentation of a diverse range of products. From the moment of production to the point of delivery, it upholds its structural integrity, making it particularly suitable for fragile items, electronics, pharmaceuticals, and high-end consumer goods that require extra care.
Key Takeaways
The rigid trays packaging market study covers 20 countries. The research includes a segment analysis of each country in terms of value for the projected period.
More than 1, 500 product literatures, industry releases, annual reports, and other such documents of major rigid trays packaging industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions in order to achieve their most ambitious growth objectives.
Industry Trends:
In April 2024, Rotorprint and Plastipak were honored with MP2024 Awards for their outstanding achievements in flexible and rigid packaging solutions. Rotorprint's innovation lies in their high-barrier, recyclable coffee packaging, while Plastipak introduced the first plastic aerosol on the market, complete with a plastic valve, making it metal-free and fully recyclable.
Key Market Dynamics
Rigid trays play a crucial role in packaging both fresh and processed food products. Manufacturers are dedicated to enhancing the shelf life of their goods, utilizing rigid trays in packaging methods such as MAP and vacuum skin packaging. PP and PET are the primary materials used in producing these trays due to their durability and moisture resistance. As a result, manufacturers favor rigid trays for packaging purposes. These trays are widely employed in industries such as food, pharmaceuticals, and electrical & electronics. Sturdy materials, such as tough plastics, glass, fiber, and metal, act as strong barriers against outside forces such as pressure, impact, and temperature changes. This is especially important for sectors handling fragile or valuable goods, such as electronics, beauty products, and pharmaceuticals. The Rigid Trays Packaging Market Opportunity is substantial, driven by consumer demand for convenient and sustainable packaging solutions.The versatility of rigid packaging in accommodating different products and industry needs makes it a popular choice. For example, in the electronics industry, rigid packaging guarantees the secure delivery of delicate gadgets, reducing the chances of breakage during shipment. In the pharmaceutical industry, rigid packaging safeguards medications, preserving their effectiveness and quality during the entire supply chain. Glass bottles possess remarkable durability also exceptional recyclability, contributing to the accomplishment of sustainability goals and potentially reducing a company's ecological footprint. The firmness of packaging materials enables the creation of complex shapes and structural designs tailored for particular uses. This personalization can boost brand recognition, ensuring products stand out and stay in consumers' minds while on display. The rigid trays packaging market growth, driven by increasing demand for convenient and sustainable packaging solutions across various industries.
Furthermore, in February 2024, a fiber-based bottle is currently being developed for various product categories such as beverage, beauty, health, medicine, and food. This remarkable advancement is the result of collaboration between two experienced firms specializing in sustainable materials. One of these firms is RyPax, the international division of The Wing Fat Printing Co., Ltd., which is a renowned producer of molded fiber packaging. With offices and production facilities in the U.S., Macau, and China, RyPax brings extensive expertise to the project. The other firm involved is CelluComp, based in Scotland, which has developed a unique microfibrillated cellulose product called CurranR. This innovative material is derived from the waste stream of root vegetables, particularly sugar beets. Fiber-based packaging, increased utilization of PCR, eco-friendly alternatives, recyclable monomaterials, and sustainable advancements in online retail took the spotlight. The rigid trays packaging market size is projected to expand significantly over the next five years, driven by increasing demand for convenient and sustainable packaging solutions.
Patent Analysis of Rigid Trays Packaging Market
The marketplace for rigid trays packaging is a critical area in the packaging enterprise, offering robust and long-lasting answers for numerous merchandise such as meals, electronics, and prescribed drugs. Noteworthy improvements in this discipline can be visible in huge patents that mirror the rising tendencies in the industry. For example, The Dow Chemical Company's US Patent 9, 739, 564 B2 introduces a rigid plastic tray with progressed stacking skills, improving logistical efficiency and minimizing transportation damage. Sealed Air Corporation's US Patent 10, 625, 734 B2 focuses on a tamper-obvious rigid packaging tray, imparting an essential protection layer for food and pharmaceutical products. Inventors have provided with modern answers to cope with environmental worries in the packaging industry. For instance, Eco-Products, Inc. patented a biodegradable inflexible packaging tray (US Patent eleven, 058, 342 B2) which is long lasting and eco-friendly, focused on sustainability-conscious clients. Meanwhile, Amcor Limited delivered a microwaveable rigid tray (US Patent 10, 897, 456 B2) that can resist excessive temperatures, catering to the benefit grocery store through allowing consumers to heat food at once in the packaging. Lastly, Berry Global, Inc. patented an excessive barrier inflexible packaging tray (US Patent nine, 926, 345 B2) that offers safety from moisture and oxygen, thus extending shelf existence and retaining product satisfactory, particularly critical for perishable items. Emerging regions are witnessing a surge in demand, contributing to the expansion of the global rigid trays packaging market share across various industrial sectors.
These patents and trends collectively showcase the ever-changing nature of the rigid trays packaging market. It constantly adapts to meet the needs of consumers and overcome industry obstacles, guaranteeing the protection, accessibility, and eco-friendliness of products.
Market Segmentation
The rigid trays packaging market is segmented into type, application, material, and region. On the basis of type, the market is divided into plastic rigid trays packaging, and metal rigid trays packaging. On the basis of application, the market is bifurcated into pharmaceutical and food & beverage. Based on material, the market is divided into plastic, glass, metal, and paperboard. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Regional/Country Market Outlook
Rigid trays packaging has gained substantial traction in North America, specifically in the U.S. and Canada. This can be attributed to the high demand for packaged food, pharmaceuticals, and electronic products, all of which necessitate durable packaging solutions. The market thrives on cutting-edge manufacturing technologies and a strong emphasis on sustainability, as more companies are embracing biodegradable and recyclable materials. Furthermore, the presence of industry leaders such as Sealed Air Corporation and Amcor Limited fosters innovation and propels market expansion in this region. Geographically, North America is expected to emerge as a lucrative region in the rigid trays packaging market forecast, supported by rapid industrilization and increasing disposable incomes driving demand for packaged goods.
For instance, in March 2024, Aptar introduced Halopack's paperboard tray packaging in the U.S. The innovative Aptar Halopack system is patented and suitable for dry and high moisture foods, and comes in various configurations.
Competitive Landscape
The major players operating in the rigid trays packaging market include Anchor Packaging Inc., Bemis, Berry Global Group, Dart Container Corp., DS Smith, Genpak LLC, Tekni-Plex Inc., Placon, Winpak Ltd., and Sonoco Products.
Recent Key Strategies and Developments
- In February 2024, Robinson, the manufacturer specializing in customized packaging solutions, will be presenting its wide range of plastic and paperboard products at the upcoming 'Packaging Innovations and Empack' event at the NEC in Birmingham this month.
- In October 2022, Amcor Plc introduced a groundbreaking light weighting technology that marks a quantum leap for the future of packaging. With this new twostep technology, over 50% of the material in the finish is eliminated, revolutionizing the packaging industry.
- In October 2022, STERIMED, the foremost manufacturer of sterilization packaging materials globally, introduced a groundbreaking substrate called POLYBOND CGP 85, specifically designed to cater to the unique needs of their esteemed customers. This launch marked an exciting expansion of their polymer-reinforced cellulose-based product range, tailored exclusively for the healthcare industry.
- In September 2022, Borealis and ITC Packaging, a top European manufacturer of thin wall packaging for food-contact applications, joined forces to create a range of innovative and eco-friendly packaging solutions designed for various products. By utilizing resins from the Borcycle C and Bornewables portfolios, the partners enhanced several well-known food packaging formats commonly seen in European supermarkets, particularly in the ice cream and ready-to-eat categories.
- In October 2021, Pactiv Evergreen Inc. announced that its fully-owned subsidiary, Pactiv Evergreen Group Holdings Inc., has finalized the purchase of Fabri-Kal, a leading producer of food service and consumer brand packaging solutions.
- In June 2020, Amcor has declared its acquisition of the top spot in engineering and design technology, enabling them to create and innovate the lightest 900-ml Polyethylene Terephthalate (PET) bottle for edible oil in Brazil.
Key Sources Referred
Plastics Industry Association
The World Plastics Council
The Plastics Industry Association
Key Benefits for Stakeholders
This report provides a quantitative analysis of the rigid trays packaging market segments, current trends, estimations, and dynamics of the rigid trays packaging market analysis to identify the prevailing market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the rigid trays packaging market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global rigid trays packaging market statistics.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global rigid trays packaging market trends, key players, market segments, application areas, and market growth strategies.
Rigid Trays Packaging Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 528.4 Billion |
 Growth Rate | CAGR of 5.8% |
 Forecast period | 2024 - 2032 |
 Report Pages | 350 |
 By Application |
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 By Type |
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 By Material |
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 By Region |
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 Key Market Players | Anchor Packaging Inc., Genpak LLC, Sonoco Products, Bemis, DS Smith, Winpak Ltd., Dart Container Corp., Berry Global Group, Placon, Tekni-Plex Inc. |
The base year calculated in the rigid trays packaging market report is 2023.
The forecast period in the rigid trays packaging market report is 2024 to 2032.
The top companies analyzed for rigid trays packaging market report are Anchor Packaging Inc., Bemis, Berry Global Group, Dart Container Corp., DS Smith, Genpak LLC, Tekni-Plex Inc., Placon, Winpak Ltd., and Sonoco Products.
The global rigid trays packaging market is estimated to be at $528.0 billion by 2032, registering a CAGR of 5.1% from 2024 to 2032.
The plastic segment is the most influential segment in the rigid trays packaging market.
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