Market Size of Rigid Bulk Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Rigid Bulk Packaging Market Analysis
The rigid bulk packaging market is expected to register a CAGR of 4.9% during the forecast period 2021-2026. 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.
