Rigid packaging is undergoing a makeover. With consumers and product manufacturers putting pressure on packaging suppliers to develop designs that are eco-friendly, alternatives with biodegradable elements and less bulk are becoming more prevalent and helping to fuel greater sector activity.
The global rigid packaging market is forecast to have a 5.8% compound annual growth rate (CAGR) through 2023, with revenues reaching $729.1 billion, according to Portland, Ore.-based Allied Market Research. Packaging materials include plastics; metals such as aluminum, stainless steel and tin; paperboard; and glass.