Rigid Bulk Packaging Market - Growth, Trends, and Forecast (2019 - 2024)

The Rigid Bulk Packaging Market is segmented by Material (Plastic, Metal, Wood), Type of Packaging (Industrial Bulk Containers, Drums, Boxes), By End-user Industry (Food, Beverage, Industrial), and Geography.

Market Snapshot

Market Growth_Rigid Bulk Packaging Market
Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

4.9%

Key Players:

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Market Overview

The rigid bulk packaging market is expected to register a CAGR of 4.9% during the forecast period 2019 - 2024. 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.

  • 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.
  • On the other hand, the market has been buoyed by companies and governments focused on claiming the necessary measures to reduce packaging wastage.

Scope of the Report

The scope of the rigid bulk packaging market is limited to the forms of bulk packaging products offered by various vendors made of different materials for a wide range of end-user verticles including the food, beverage, industrial, chemicals, and pharmaceutical sectors globally.

By Material
Pastic
Metal
Wood
Other Materials
By Product
Industrial Bulk Containers
Drums
Pails
Boxes
Other Products
By End-user Industry
Food
Beverage
Industrial
Pharmaceutical and Chemical
Other End-user Industries
Geography
North America
United States
Canada
Europe
Germany
France
United Kingdom
Rest of Europe
Asia-Pacific
Japan
India
China
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
South Africa
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Intermediate 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. Further, IBCs ensure product safety and cost-effective packaging solutions, as well as helps in downgauging the overall packaging cost owing to its features, like multiple usages, 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 United Kingdom export was dominated by fuel commodities in the year 2018.  According to UK trade info, total exports of goods for April 2019 were EUR 29.9 billion. This was a decrease of EUR 3.8 billion (11%) compared with the previous month, and an increase of EUR 1.8 billion (6.5%) compared with April 2018.
  • Further, the increased demand for reusability and sustainable packaging has driven the adoption of returnable bulk containers, particularly for exports.
Largest export commodities of the United Kingdom (UK) in 2018

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North America to Hold a Major Share

  • The rigid bulk packaging market in the United States is bolstered by the presence of significant 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 2016 accounted for 11.82% of the GDP and increased to 12.06% in 2017.
  • The country’s focus on strengthening its trade relations during the forecast period is expected to aid market growth. This trend has been buoyed by the reserves of crude oil in the United States increased 19.5% (6.4 billion barrels) to 39.2 billion barrels at Year-End 2017, setting a new U.S. record for crude oil proved reserves, stated by EIA.
Regional Growth_Rigid Bulk Packaging Market

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Competitive Landscape

The rigid bulk packaging market concentration is moderately consolidated with the presence of the fewer major player in the market. Also, the other major players in the packaging market are adopting acquisition and partnership strategies to enter the market to grow their market offerings.

  • Mar 2019 - Amcor Limited acquired its rival Bemis Company, Inc. and aims to create a stronger value proposition for shareholders, customers, employees, and the environment.
  • Mar 2019 - IFCO SYSTEMS, the leading global provider of reusable packaging solutions for fresh foods, announced the acquisition by Triton and Abu Dhabi Investment Authority (ADIA). This makes IFCO a fully independent company, able to act agile and flexible and to offer the industry’s most efficient and sustainable fresh foods packaging solutions.

Major Players

  1. Amcor Limited
  2. Mondi Group
  3. Greif Inc.
  4. Nefab Packaging AB
  5. SCHÜTZ GmbH & Co.

* Complete list of players covered available in the table of contents below

Market Concentration_Rigid Bulk Packaging Market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Emergence of Sustainable and Recyclable Packaging Materials

    4. 4.4 Market Restraints

      1. 4.4.1 Environmental Legislations Challenge the Market Growth

    5. 4.5 Industry Value Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Material

      1. 5.1.1 Pastic

      2. 5.1.2 Metal

      3. 5.1.3 Wood

      4. 5.1.4 Other Materials

    2. 5.2 By Product

      1. 5.2.1 Industrial Bulk Containers

      2. 5.2.2 Drums

      3. 5.2.3 Pails

      4. 5.2.4 Boxes

      5. 5.2.5 Other Products

    3. 5.3 By End-user Industry

      1. 5.3.1 Food

      2. 5.3.2 Beverage

      3. 5.3.3 Industrial

      4. 5.3.4 Pharmaceutical and Chemical

      5. 5.3.5 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 France

        3. 5.4.2.3 United Kingdom

        4. 5.4.2.4 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 Japan

        2. 5.4.3.2 India

        3. 5.4.3.3 China

        4. 5.4.3.4 Rest of Asia-Pacific

      4. 5.4.4 Latin America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Mexico

        3. 5.4.4.3 Rest of Latin America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 UAE

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Saudi Arabia

        4. 5.4.5.4 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Amcor Limited

      2. 6.1.2 Mondi PLC

      3. 6.1.3 Greif Inc.

      4. 6.1.4 Nefab Packaging AB

      5. 6.1.5 SCHÜTZ GmbH & Co. KGaA

      6. 6.1.6 Sonoco Products Company

      7. 6.1.7 The Cary Company

      8. 6.1.8 Taihua Group

      9. 6.1.9 Hoover Container Solutions

      10. 6.1.10 Cleveland Steel Container

      11. 6.1.11 Bulk-Pack, Inc.

      12. 6.1.12 BWAY Corporation

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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