About Rigid Bulk Packaging
Rigid bulk packaging involves the packaging of products from various end-users in large rigid packaging options such as drums, pails, intermediate bulk containers, and others for logistics activities such as warehousing and transport.
Technavio’s analysts forecast the rigid bulk packaging market in Europe will post a revenue of close to USD 10 billion by 2022.
Covered in this report
The report covers the present scenario and the growth prospects of the rigid bulk packaging market in Europe for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
Technavio's report, Rigid Bulk Packaging Market in Europe 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Rigid Bulk Packaging Market in Europe 2018-2022
Technavio recognizes the following companies as the key players in the rigid bulk packaging market in Europe: Berry Global, Brambles, Greif, and Sonoco Products.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising free trade agreements in Europe. The volume of imports and exports of wine in Europe will continue to increase due to the rising free trade agreements between European countries and developing countries. These agreements encourage European manufacturers to enter other developing and developed countries and boosts the business prospects of rigid bulk packaging vendors in Europe.”
According to the report, one driver in the market is growing wine production and consumption in Europe. Europe is the world largest wine manufacturer and exporter. In 2016, Italy, France, and Spain accounted for more than 50% of the global wine manufacturing market.
Further, the report states that one challenge in the market is fluctuating raw material prices. The cost of raw materials such as plastic, paper, board, and steel. The cost of these raw materials is one of the vital factors that determine the cost of the end-products.
Berry Global, Brambles, Greif, and Sonoco Products.