Rigid Bulk Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
- Transparency Market Research
Packaging has become a vital part of any product’s lifecycle predominantly because the packaging protects and preserves a product from any kind of harm such as leakage, contamination, damage, etc. during the course of transit, consumption and storage. Achieving highest degree of product safety at every stage of product lifecycle is considered to be one of the major concerns of sensitive products manufactures. Moreover, sensitive products require rigid packaging. Rigid bulk packaging is primarily used for packaging perishable goods such as food & beverages items, pharmaceutical products and chemicals. The basic purpose of rigid bulk packaging is to protect these goods from the point of manufacturing to the point of distribution. Rigid bulk packaging is generally done with rigid plastics, steel and paper. The rising demand for industrial packaging from chemicals and petroleum industry is anticipated to fuel the growth of rigid packaging market over the forecast period
Rigid bulk packaging Market- Market Segmentation:
The global rigid bulk packaging market is segmented on the basis of product type, material, and end use. On the basis of product type, rigid bulk packaging market can be segmented into drums, pails, bulk boxes, material handling containers, and rigid intermediate containers (RIBCs). On the basis of material, rigid bulk packaging market can be segmented into plastic, steel, paper boards, and wood panels. On the basis of end use, rigid bulk packaging market can be segmented into chemical, pharmaceutical, paint & coating, detergent & cleaners, food & beverages and agricultural.
Rigid bulk packaging Market - Market Dynamics:
One of the significant factors contributing to the growth of the rigid bulk packaging market is the growing construction and manufacturing activity which in turn increases the production of chemicals and plastic materials. This will continue to support the augmented demand for rigid bulk packaging. Additionally, growing preference for higher value reusable containers, as these are considered more effective in terms of cost than smaller containers with short shelf life, is also anticipated to boost the demand for rigid bulk packaging over the forecast period. Moreover, the rising production of oil and gas is further expected to drive the demand for rigid bulk packing in future.
However, stringent packaging regulations have been laid down by the U.S regulatory authority as materials used in rigid bulk packaging are considered hazardous. Moreover, recyclability of materials used during packaging are often restricted by these authorities. It is quite likely that these factors will restrain the demand for rigid bulk packaging over the forecast period. Additionally, growing competition from flexible packaging is also anticipated to hamper the growth of rigid bulk packaging over the forecast period.
Rigid bulk packaging Market - Regional Outlook
Geographically, the global rigid bulk packaging market is segmented into North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA). The global rigid bulk packaging market is expected to witness a significant CAGR over the forecast period of 2016 to 2024. Moreover, due to an increase in construction and industrial activities, APAC is expected to contribute the most to the rigid bulk packaging market. It is expected that the growing movers and packers industry in India and China will further fuel the growth of rigid bulk packaging market over the forecast period. While North America is expected to follow APAC in rigid bulk packaging market over the forecast period, the rest of the world will witness a steady growth during the forecast period.
Rigid bulk packaging Market - Major Players:
Some of the major players identified across the globe in the rigid bulk packaging market are Rock-Tenn Company, Greif Bros., Sonoco Products Company, Berenfield Containers, Packaging Corporation of America and Berry Plastics. Other prominent players includes Bonar Plastics, BWAY, Chem-Trainer, CorrPak, Hedwin, IBC North America, and International Paper
This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically-supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, product type, material type, and end-use.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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