Rigid Packaging Market Trends, Size, Share Growth Insights, Industry Research and Business Forecast to 2029 The global rigid packaging market size was valued at USD 412.76 billion in 2022 and is projected to grow from USD 431.97 billion in 2023 to USD 625.54 billion by 2030, exhibiting a CAGR of 5.43% during the forecast period. Rigid packaging, known for its inability to bend or deform, serves as a solution that offers structural integrity and support for packaged products. With its strength, durability, and effective barrier properties, it is experiencing growing demand, particularly for long-distance transportation, as it ensures enhanced product safety over extended periods. Fortune Business Insights presents this information in their report titled "Global Rigid Packaging Market, 2023–2030." Drivers & Restraints: Environmental Concerns Drive Demand for Paper Packaging Solutions Significant companies in the market are prioritizing paper-based alternatives due to the escalating issue of plastic waste and its detrimental environmental impact. For instance, during the America Recycles Summit on November 17, 2020, the EPA Administrator announced the National Recycling Goal of achieving a 50% recycling rate in the U.S. by 2030. However, volatility in raw material prices could potentially impede the rigid packaging market growth. Regional Insights Asia Pacific Leads with Booming Food & Beverage and Pharmaceutical Sectors The Asia Pacific rigid packaging market share is fueled by the rapid expansion of the food & beverage as well as pharmaceutical sectors. With emerging economies such as India and China, the region is projected to experience substantial advancements in the coming years. North America is driven by the increasing demand for rigid plastic packaging across various end-use industries, influenced by changing lifestyle trends and the rising urban population. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/rigid-packaging-market-104584