Rigid Bulk Packaging Market Is Projected To Rise At A CAGR Of 4.6% By 2032

Rigid Bulk Packaging Market

Worldwide demand for rigid bulk packaging is projected to increase at a CAGR of 4.6% from 2022 to 2032. In 2022, the global rigid bulk packaging market is valued at US$ 8 billion and is estimated to reach a market size of US$ 12.5 billion by 2032.

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Rigid Bulk Packaging market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.

Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Rigid Bulk Packaging market.

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Key findings of the Rigid Bulk Packaging market study:

  • Regional breakdown of the Rigid Bulk Packaging market based on predefined taxonomy.
  • Innovative manufacturing processes implemented by Rigid Bulk Packaging vendors in detail.
  • Region-wise and country-wise fragmentation of the Rigid Bulk Packaging market to grasp the revenue, and growth outlook in these areas.
  • Changing preferences among consumers across various regions and countries.
  • Factors (Positive and Negative) impacting the growth of the global Rigid Bulk Packaging market.

Key Trends: 

  1. Sustainability and Eco-Friendly Materials: There was a growing emphasis on sustainability in packaging materials. Companies were increasingly adopting eco-friendly materials like recyclable plastics, biodegradable options, and materials made from renewable resources to reduce their environmental footprint.
  2. Lightweighting: To reduce shipping costs and improve sustainability, companies were working on developing lighter yet robust packaging solutions. This trend aimed to decrease the overall weight of packaging materials while maintaining their strength and durability.
  3. Automation and Efficiency: Automation in bulk packaging processes was on the rise. Automated filling, sealing, and palletizing systems were becoming more popular as they offered increased efficiency, reduced labor costs, and improved accuracy in bulk packaging operations.
  4. Advanced Barrier Technologies: The need for extended product shelf life and protection against contaminants was driving innovation in barrier technologies. Rigid bulk packaging solutions with enhanced barrier properties, such as oxygen and moisture barriers, were gaining traction.
  5. Smart Packaging: The integration of Internet of Things (IoT) technologies into rigid bulk packaging was enabling real-time monitoring of products during storage and transportation. This allowed companies to track and manage inventory, optimize supply chains, and prevent spoilage or damage.
  6. Customization and Branding: Customized packaging solutions were in demand as companies sought to differentiate their products and enhance brand visibility. Rigid bulk packaging designs were increasingly tailored to meet specific customer needs.
  7. Regulatory Compliance: Stringent regulations governing packaging materials and labeling were influencing the choices made by manufacturers. Compliance with safety and environmental standards was a top priority.
  8. Increased Use in E-commerce: With the growth of e-commerce, there was a surge in demand for bulk packaging suitable for online sales and distribution. Rigid packaging that could withstand the rigors of e-commerce supply chains was in high demand.
  9. Global Supply Chain Challenges: The COVID-19 pandemic exposed vulnerabilities in global supply chains. Companies were reevaluating their sourcing strategies and seeking packaging solutions that were more adaptable to disruptions in the supply chain.
  10. Circular Economy Initiatives: Many companies were exploring circular economy principles, focusing on recycling and reusing packaging materials. This included closed-loop systems where packaging could be collected, cleaned, and reused.

Key Companies Profiled

  • 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

 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 Segments of Rigid Bulk Packaging Industry Research

  • 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
  • By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

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Queries addressed in the Rigid Bulk Packaging market report:

  • Why are the Rigid Bulk Packaging market players targeting region for increased product sales?
  • What patented technologies are the players utilizing in the global Rigid Bulk Packaging market?
  • Which regions are displaying the fastest growth in the Rigid Bulk Packaging market?
  • What are the underlying micro- macroeconomic factors affecting the global Rigid Bulk Packaging market?

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