Rigid Paper Containers Market Analysis: Booming E-Commerce Industry and Increasing Demand for Sustainable Packaging to Drive the Global Rigid Packaging Market
The global rigid paper containers market was valued at around US$ 275 Bn in 2017. The rigid paper containers market is estimated to expand at a CAGR of 5.5% during the forecast period of 2018-2026.
Rigid paper containers are paper-based packaging solutions that include boxes, trays, tubes, liquid cartons, and clamshells. Rigid paper containers can be manufactured using either paperboard or containerboard. Rigid paper containers made up of containerboard consist of two grades of board: linerboard and corrugating medium. Rigid paper containers made up of linerboard are used for creating the faces of the corrugated box while the corrugating medium makes up the rippled middle layer known as flutes. Material that is not corrugated, which includes cereal boxes, pharmaceutical cartons, and liquid cartons, among others, falls under the category of paperboard. Rigid paper containers offer easy printability and hence are considered ideal for printing product information as well as branding & marketing information. The rigid paper containers market is expected to have a positive outlook over the forecast period due to the rising importance of visually communicative packaging.
The global rigid paper containers market has been segmented on the basis of board type, product type, and end-use industries. An extensive range of product options are available for rigid paper containers, which offer safe transit and storage along with consumer convenience for product handling. Rigid paper containers are preferred over other rigid packaging formats as they are lightweight, economical, and biodegradable. The rigid paper containers market has been segmented on the basis of product type as boxes, tubes, trays, clamshells, and liquid cartons. Rigid paper containers are available in a variety of shapes and sizes to cater to different end-use industries, which include food, beverages, chemicals & fertilizers, automotive, consumer goods, pharmaceuticals, etc. The rigid paper containers market offers immense growth opportunities to players in the rigid paper containers market owing to the booming retail & e-commerce sectors and an increase in the inclination of consumers toward sustainable packaging.
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Consumer inclination toward rigid paper containers can be attributed to the following factors:
Reusability & recyclability: Rigid paper containers are manufactured using wood pulp, which possesses high recyclability. Most rigid paper containers, including corrugated boxes, which are used globally, are made up of recycled pulp. Moreover, rigid paper containers are reusable, which makes them a preferred alternative over other packaging formats for home as well as commercial applications.
Efficient storage alternative: Rigid paper containers, such as folding cartons, are used in homes as well as commercial applications for storing miscellaneous goods. Rigid paper containers are available in different sizes and shapes, which enables consumers to use them for the packaging of different types of products. When not in use, these rigid paper containers can be folded into a flat sheet and stored in very less space.
Rising concerns over environmental issues: Consumers these days have made sustainability one of the decisive factors while choosing packaging formats. Owing to this, rigid paper containers are gaining traction among emerging as well as mature markets.
Recent developments in the rigid paper containers market:
- Beverage manufacturers are looking for packaging solutions that are consumer-convenient, economical, and have a lesser negative impact on the environment. This has led to the increased usage of rigid paper containers as liquid cartons for beverage packaging in the global rigid paper containers market
- Amazon, one of the leading e-commerce companies, has taken a key initiative to improve the consumer experience of unpacking the received package. The company has developed a rigid paper containers solution and has launched “frustration-free packaging,” which uses rigid paper containers specifically designed for e-commerce packaging. These rigid paper containers protect the product without having to be covered in several layers of plastic. Apart from consumer convenience, frustration-free packaging uses less packaging material, thereby generating less waste and is 100% recyclable. This initiative is likely to motivate other manufacturers to use environment-friendly rigid paper containers for their packaging needs
- Recently, Ecologic Brands Inc., a manufacturer of recycled packaging solutions, designed a paper bottle that can be recycled up to seven times. These rigid paper containers can be used for a number of applications such as the storage of wine, pet food, and more.
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The paperboard segment of the rigid paper containers market was valued at US$ 76 Bn in 2017 and is expected to expand at a CAGR of 6.1% during the forecast period of 2018-2026. On the basis of product type, the boxes segment holds the maximum market share in the rigid paper containers market and is expected to create an incremental $ opportunity of US$ 92,819.4 Mn during the forecast period. Among the end-use industries, the food segment is expected to maintain its dominance in the global rigid paper containers market by accounting about 26% of the total market share. The automotive industry is projected to expand at a CAGR of 6.5% during the forecast period.
Rigid Paper Containers Market: Competitive Landscape
Some of the key players operating in the global rigid paper containers market include Sonoco Products Company, Smurfit Kappa, Mondi Group plc, Cascades Inc., Stora Enso Oyj, Huhtamaki Oyj, Oji Holdings Corporation, International Paper Company, DS Smith plc, and WestRock Company.
