About the Rigid Bulk Packaging Market
Rigid bulk packaging is used in industries including chemicals, pharmaceuticals and healthcare, and food and beverage. It helps in the protected delivery of these goods in large quantities from the point of manufacture to the point of distribution channel, where these are finally packaged for customers. Materials like rigid plastics, steel, and paperboard are used for rigid bulk packaging. This market is characterized by innovative offerings and customizations aligned with customer specifications.
Technavio’s analysts forecast the global rigid bulk packaging market to grow at a CAGR of 4.23% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global rigid bulk packaging market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of different types of rigid bulk containers to industries such as food and beverage, pharmaceutical and healthcare, chemicals, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Rigid Bulk Packaging Market 2016-2020
Technavio recognizes the following companies as the key players in the global rigid bulk packaging market: Berry Plastics, Brambles, Greif, Sonoco, and WestRock.
Other Prominent Vendors in the market are: Bonar Plastics, Berenfield Containers, BWAY, Chem-Tainer Industries, Hedwin, Hoover Container Solutions, Mauser Packaging Company, Menasha Packaging, Rehrig Pacific, Remcon Plastics, and Schoeller Allibert.
Commenting on the report, an analyst from Technavio’s team said: “A trend which is boosting market growth is the resurgence in demand for material handling containers. There is an increase in demand for material handling containers after the break in demand they faced during the global economic downturn. The growth in the manufacturing of components, parts, and other durable metal products used in the composition of heavy automobiles and machinery is driving the need for innovative packaging in warehouses for their storing, handling, and distribution purposes. The portfolio of material handling containers includes attached-lid containers, heavy-duty rigid and folding containers, and stackable containers.”
According to the report, a key growth driver is globalization and international trade. The two primary elements driving the global rigid bulk packaging market are the innovative progression (which has reduced the cost of transportation) and the increase in the liberalization of the trade and capital market (which has increased export and import activities). Many emerging economies like China, Russia, Brazil, and India are changing their pattern of trade and investment. Demand for oil- and agriculture-based commodities are increasing rapidly. The increase in trade of oil and chemical has also driven the growth of the bulk container market.
Further, the report states that one challenge that could hamper market growth is the volatility in raw material prices.
Technavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit- http://www.technavio.com/industries/packaging
Berry Plastics, Brambles, Greif, Sonoco, WestRock, Bonar Plastics, Berenfield Containers, BWAY, Chem-Tainer Industries, Hedwin, Hoover Container Solutions, Mauser Packaging Company, Menasha Packaging, Rehrig Pacific, Remcon Plastics, Schoeller Allibert.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook