From 2022 to 2032, global demand for Rigid Bulk Packaging Market is expected to grow at a CAGR of 4.6%. The worldwide rigid bulk packaging market is valued at $8 billion in 2022 and is expected to grow to $12.5 billion by 2032.The use of pails is predicted to grow at a 5% CAGR until 2032. Pails are one of the things that are both practical and economical for packing a wide range of commodities.
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Rigid bulk packaging is a strong transportable packaging technique that is primarily used in the transportation of fragile and perishable commodities. Because of its high strength and load-bearing capability, it is used to protect and preserve the contents inside the box.
Because of increased consumer awareness of packaging difficulties, the market is likely to rise at a higher rate throughout the forecast period. Demand for rigid biodegradable plastic packaging is expected to rise in the future years, boosting the industry. increased e-commerce demand and increased disposable income in emerging markets are offering appealing opportunities for industry expansion.
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, and resources to meet the increasing demand for rigid bulk packaging in various regions.
For instance,
In 2020, new intermediate bulk containers were introduced by Elkart Plastic, a division of Myers Industries that can be utilized in several different applications.
Key Players:
- 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
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Regional Analysis:
Over the projection period, the Japanese market is expected to grow at a CAGR of 2.5%. The market is expanding due to a surge in the food retail sector, increased use of transportable packaging solutions, and the growing popularity of on-the-go food packaging. Growing industrial and construction industries are likely to increase consumer demand for a variety of chemical goods, driving market revenue in South Korea over the forecast period.
Consumer goods sales are up, disposable income is up, and there is a significant demand for rigid bulk packaging items from the beauty and personal care industry.
Key Segments of Industry:
- By Material:
- Plastic
- Metal
- Wood
- Others
- By Product:
- Pails
- Drums
- Material Handling Containers
- Bulk Boxes
- Rigid Intermediate Containers
- By Application:
- Pharmaceuticals
- Chemicals
- Food & Beverages
- Durable Goods
- Others
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