Chemical Industry Updates

  Rigid packaging provides protection and extends the shelf life of packaged products. It includes bottles, jars, and cans made from metals, glass, and plastics. Rigid packaging is increasingly being adopted for beverages, food, personal care, and pharmaceutical products owing to its durability and reuse properties. The global Rigid Packaging Market is estimated to be valued at US$ 270 billion in 2024 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Sustainable production has become one of the key trends in the rigid packagingmarket . Manufacturers are focusing on reducing the carbon footprint of rigid packaging production by adopting renewable energy sources and recyclable or biodegradable packaging materials. For instance, packaging companies are using recycled plastics, plant-based plastics, and renewable energy in manufacturing processes. The shift towards...

  Market Overview: Rigid packaging is used as protective packaging and is ideal for products requiring high level of protection during storage and transportation. Rigid packaging products such as boxes, cartons, containers, bottles, and others protect products from damage and prevent contamination. They provide durability and sustainability while shipping and storing goods over long distances. The global Rigid Packaging Market is estimated to be valued at US$ 693,808.32 Mn in 2023 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends in the rigid packaging market is growing demand for sustainable packaging solutions. Efforts to reduce plastic usage and invest in eco-friendly materials are driving many packaging companies to adopt renewable and recyclable options. Manufacturers are increasingly focusing on reducing packaging weight while maintaini...