Fashion Updates | Industry Updates

Rigid Bulk Packaging Market to rise at a CAGR of 4.6% to reach US$ 12.5 billion

Published: March 27, 2024
Author: Fashion Value Chain

Fact.MR, a leading provider of market research & competitive intelligence, estimates the global value of the rigid bulk packaging market at US$ 8 billion. This figure is expected to surge to US$ 12.5 billion by 2032.

Rigid bulk packaging, renowned for its robustness, stability, and resilience, serves as a reliable container for a diverse array of items, safeguarding them from external hazards. Its inherent rigidity ensures minimal deformation under pressure, allowing for prolonged usage without the risk of leakage or malfunction.

Key Takeaways from Market Study

· Demand for rigid bulk packaging is forecasted to increase at a CAGR of 4.6% over the next 10 years.

· Market in Germany is set to evolve at a CAGR of 3.1% over the decade.

· Sales of drums are anticipated to rise at a CAGR of 4% from 2022 to 2032.

· Market in Canada is estimated to increase at a 3.5% CAGR through 2032.

“Green packaging, sometimes referred to as sustainable packaging, is a recent innovation in the market. The need for renewable and environment-friendly materials is increasing as a result of severe limitations on the recycling of packing materials. It is anticipated that demand for bioplastics for packaging would continue to increase over the coming years,”

Winning Strategy

Top manufacturers of rigid bulk packaging products are introducing innovative solutions tailored for multiple end-use industries. Concurrently, major players in the market are ramping up their manufacturing capabilities and geographical footprint to bolster their global presence and market share.

To cater to diverse needs, these key market players offer a plethora of rigid bulk packaging solutions in various designs and capacities. Additionally, leading packaging companies are innovating by developing and manufacturing recycled plastic bottles, jars, and clamshells, thereby expanding their portfolio of sustainable packaging options.

Competitive Landscape

Key players in the rigid bulk packaging market are offering environmentally friendly and sustainable packaging solutions to attract consumers. Leading companies are concentrating on growing their presence, product offerings, capabilities, & resources to meet the increasing demand for rigid bulk packaging in various regions.

Market Frontrunners

·         Bemis Company Inc.

·         Amcor PLC

·         Mondi PLC

·         Brambles Ltd.

·         Berry Global Inc.

·         Greif Inc.

·         Nefab Packaging AB

·         Sonoco Products Company

·         The Cary Company

·         Taihua Group

·         Hoover Container Solutions

·         Cleveland Steel Container

·         Bulk-Pack Inc.

·         BWAY Corporation

·         WestRock Company

There is growing demand for high-quality and sustainable packaging materials for food packaging due to rising disposable income and the convenience of purchasing meals online. The market for rigid plastic packaging is expanding due to improvements in packaging technology and continued research and development efforts in packaging techniques.

Key Segments of Rigid Bulk Packaging Industry Research

·         By Material:

o    Plastic

o    Metal

o    Wood

o    Others

·         By Product:

o    Pails

o    Drums

o    Material Handling Containers

o    Bulk Boxes

o    Rigid Intermediate Containers

·         By Application:

o    Pharmaceuticals

o    Chemicals

o    Food & Beverages

o    Durable Goods

o    Others

·         By Region:

o    North America

o    Europe

o    Asia Pacific

o    Latin America

o    Middle East & Africa

Key Questions Covered in the Rigid Bulk Packaging Market Report

·  What is the projected value of the Rigid Bulk Packaging Market in 2023?

·  At what rate will the global Rigid Bulk Packaging Market grow until 2033?

· What are the factors hampering the growth in the Rigid Bulk Packaging Market?

·  Which region is expected to lead in the global Rigid Bulk Packaging Market from 2023 – 2033?

· What are the factors driving the Rigid Bulk Packaging Market during the forecast period?

·  What is the expected market value of the Rigid Bulk Packaging Market during the forecast period?

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global rigid bulk packaging market, presenting historical demand data (2017-2021) and forecast statistics from 2022 to 2032.

The study divulges essential insights on the market based on material (plastic, metal, wood, others), product (pails, drums, material handling containers, bulk boxes, rigid intermediate containers), and application (pharmaceuticals, chemicals, food & beverages, durable goods, others), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).

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