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Global Rigid Bulk Packaging Market 2021 is expected to register a CAGR of 4.9%, during forecast period with Impact of Covid 19 Analysis

Rigid

Global “Rigid Bulk Packaging Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Rigid Bulk Packaging in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Rigid Bulk Packaging Market report categorizes the market based on manufacturers, regions, type, and application. Rigid Bulk Packaging Market reports offer a detailed assessment of the Rigid Bulk Packaging including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Rigid Bulk Packaging market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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rigid bulk packaging market is expected to register a CAGR of 4.9%, during the forecast period (2018 – 2023). The scope of the market covers only the rigid packaging forms for bulk materials across the food, beverage, industrial, chemicals, and pharmaceutical sectors.

Trends driving the Rigid Bulk Packaging Market

Over the last few decades, global bulk packaging has received very scant attention compared to consumer packaging. However, recently, governments and organizations across the world have come to realize the importance of safe and sustainable industrial packaging. The growing trend of sustainability buoyed by legislations across various countries has driven the demand for recycling and reusability in industrial packaging. Some of the major drivers contributing to the growth of this market include the emergence of sustainable and recycling packaging materials, steady growth in construction activity and increased demand for food and packaging transport materials across the globe. Further, the greater need to improve logistics costs, bill of materials, and enhance overall efficiency across the supply chain, is expected to drive investments in innovation among the industrial packaging manufacturers over the forecast period. These factors have been buoyed by companies and governments focused on claiming the necessary measures to reduce packaging wastage. These trends are expected to drive the rigid bulk packaging market during the forecast period.

Robust Trade Relations to Drive the Market in United States

The rigid bulk packaging market in the United States is bolstered by the presence of major market players and strong manufacturing industries, such as chemicals, pharmaceutical, food & beverages, and automotive. The country is also the third largest exporter, after China and the European Union, as well as the second largest importer of goods in the world. These good mainly constitute of industrial machinery, medical equipment, petroleum products, and automotive parts and supplies. According to the World Bank, the exports of goods in 2014 accounted for 13.5% of the GDP and reduced to 12.56% in 2015. Though there is a dip in this export growth, the country’s focus on strengthening their trade relations during the forecast period are expected to aid the market growth. The country is known to be the largest producer of nuclear energy accounting for almost 33% of the world’s nuclear power and is focused to continue to sustain its position. This trend has been buoyed by construction of two new reactors with a gross electrical capacity of 2,500 MW. Further, US shale gas production additions accounted for 10 million metric ton (MMT) increase in bulk liquid chemicals in 2016, which have been driven by the continued low natural gas prices in the U.S., which resulted in a significant expansion of methane-based projects. Also, the aim to replace imports from South America, the Black Sea, and the Middle East has driven domestic fertilizer production in the country. All the said factors are expected to strengthen the rigid bulk packaging market in the country.

Industrial Bulk Containers to Witness Fastest Growth

IBC’s are mainly used for the storage and handling of materials in the oil & gas, chemical, and petrochemical sectors. These containers are available in three forms these include flexible, rigid and foldable IBC’s. Further, IBCs ensure product safety and cost effective packaging solutions, as well as helps in down gauging the overall packaging cost owing to its features, like multiple usage, large storage capacity, usability with different industrial products. The need for corrosion resistant and a suitable container for the storage and handling of both hazardous and non-hazardous liquid applications has driven the usage of intermediate bulk containers in the chemicals, pharmaceutical, food & beverage, and oil and lubricants sectors. The IBC market has witnessed a significant growth during the forecast period, owing to the ease in transportation and storage employing these solutions, coupled with the increased import and export of chemicals and oil & gas across various regions. Further, the increased demand for reusability and sustainable packaging has driven the adoption of returnable bulk containers, particularly for exports.

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The global Rigid Bulk Packaging market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Rigid Bulk Packaging Market Report covers the Top Key-players in 2021:-

  • Mondi PLC
  • Greif Inc.
  • Nefab AB
  • SCHÜTZ GmbH & Co. KGaA
  • Sonoco Products Company
  • Bemis Company Inc.
  • The Cary Company
  • Taihua Group
  • Hoover Container Solutions
  • Cleveland Steel Container

Highlighted points of Rigid Bulk Packaging Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Rigid Bulk Packaging Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Rigid Bulk Packaging? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Rigid Bulk Packaging Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Rigid Bulk Packaging Market? What Was Capacity, Production Value, Cost and PROFIT of Rigid Bulk Packaging Market?
  • What Is Current Market Status of Rigid Bulk Packaging Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Rigid Bulk Packaging Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Rigid Bulk Packaging Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Rigid Bulk Packaging Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Rigid Bulk Packaging Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Rigid Bulk Packaging Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Rigid Bulk Packaging Industry?

Key Developments in the Rigid Bulk Packaging Market:

  • December 2017 – Schütz signed an agreement to acquire Envases y Laminados, S.A. de C.V. (ELSA), a leading supplier of rigid industrial packaging in Mexico. The acquisition is aimed at leveraging ELSA’s establishment in Mexico and also capturing the growth perspectives of the packaging industry with Mexico being an integral part of the NAFTA region
  • February 2017 – Nefab Packaging Sweden AB acquired Foldy Pac Nordic AB, a manufacturer of packaging for demanding transport by road, sea and air. The acquisition is aimed at expanding the company’s geographical footprint and complement their bulk packaging portfolio
    The m

    Reasons to Purchase this Report

  • Factors such as growing stringency in regulations act as a driver to the global market scenario have been analyzed
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The type of packaging and end-user industry that are expected to dominate the market is estimated and analyzed in detail
  • The regions that are expected to witness fastest growth during the forecast period have been analyzed in detail
  • Identifying the latest developments, market shares and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel).

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    Finally, the report Global Rigid Bulk Packaging Market 2021 describes the Rigid Bulk Packaging industry expansion game plan, the Rigid Bulk Packaging industry knowledge supply, appendix, analysis findings, and the conclusion.

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