Rigid Bulk Packaging Market 2020 Global Industry Trends, Statistics, Market Size & Growth, Regional Analysis by Key Players | Industry Forecast by Product, Applications and End- User
Global “Rigid Bulk Packaging Market 2020-2023” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Rigid Bulk Packaging market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Report specifies the complete estimate of Global Rigid Bulk Packaging market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
Top-Listed Players in Rigid Bulk Packaging Market Research Report 2020-2023
- Mondi PLC
- Greif Inc.
- Nefab AB
- SCHÜTZ GmbH & Co. KGaA
- Sonoco Products Company
- Bemis Company Inc.
- The Cary Company
- Taihua Group
- Hoover Container Solutions
- Cleveland Steel Container
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Overview of Rigid Bulk Packaging Market:
rigid bulk packaging market is expected to register a CAGR of 4.9%, during the forecast period (2020 - 2023). The scope of the market covers only the rigid packaging forms for bulk materials across the food, beverage, industrial, chemicals, and pharmaceutical sectors.Trends driving the Rigid Bulk Packaging MarketOver 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. The growing trend of sustainability buoyed by legislations across various countries has driven the demand for recycling and reusability in 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. These factors have been buoyed by companies and governments focused on claiming the necessary measures to reduce packaging wastage. These trends are expected to drive the rigid bulk packaging market during the forecast period.Robust Trade Relations to Drive the Market in United StatesThe rigid bulk packaging market in the United States is bolstered by the presence of major 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 2014 accounted for 13.5% of the GDP and reduced to 12.56% in 2015. Though there is a dip in this export growth, the country’s focus on strengthening their trade relations during the forecast period are expected to aid the market growth. The country is known to be the largest producer of nuclear energy accounting for almost 33% of the world’s nuclear power and is focused to continue to sustain its position. This trend has been buoyed by construction of two new reactors with a gross electrical capacity of 2,500 MW. Further, US shale gas production additions accounted for 10 million metric ton (MMT) increase in bulk liquid chemicals in 2016, which have been driven by the continued low natural gas prices in the U.S., which resulted in a significant expansion of methane-based projects. Also, the aim to replace imports from South America, the Black Sea, and the Middle East has driven domestic fertilizer production in the country. All the said factors are expected to strengthen the rigid bulk packaging market in the country.Industrial Bulk Containers to Witness Fastest GrowthIBC’s are mainly used for the storage and handling of materials in the oil & gas, chemical, and petrochemical sectors. These containers are available in three forms these include flexible, rigid and foldable IBC’s. Further, IBCs ensure product safety and cost effective packaging solutions, as well as helps in down gauging the overall packaging cost owing to its features, like multiple usage, 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 IBC market has witnessed a significant growth during the forecast period, owing to the ease in transportation and storage employing these solutions, coupled with the increased import and export of chemicals and oil & gas across various regions. Further, the increased demand for reusability and sustainable packaging has driven the adoption of returnable bulk containers, particularly for exports.
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Key Highlights from Rigid Bulk Packaging Market Report 2020.
Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are as curtained in Rigid Bulk Packaging industry evolution and predictive analysis.
Manufacturing Analysis —the report is currently analyzed concerning various product type and application. The Rigid Bulk Packaging Market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry and Key officials of profiled companies.
Competition — Leading players have been analyzed depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand & Supply and Effectiveness — Rigid Bulk Packaging Market report additionally provides distribution, Production, Consumption for the complete industry.
Rigid Bulk Packaging Market Top Regions (regional analysis covers):-
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America, Middle East, and Africa
Reasons to Purchase this Report
- Factors such as growing stringency in regulations act as a driver to the global market scenario have been analyzed
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The type of packaging and end-user industry that are expected to dominate the market is estimated and analyzed in detail
- The regions that are expected to witness fastest growth during the forecast period have been analyzed in detail
- Identifying the latest developments, market shares and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel).
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Rigid Bulk Packaging Market 2020 Report Brief:-
- The report covers forecast and analysis for the Rigid Bulk Packaging market on a global and regional level
- The report includes the drivers and the restraints that affect the growth of the market
- Detailed information about the market opportunities are discussed
- The key target audience for the market has been determined in the report
- The revenue generated by the prominent industry players has been analyzed in the report
- The market numbers have been calculated using top-down and the bottom-up approaches
- The market is segmented on the basis of product, technology, ownership, and end-user industry which in turn is bifurcated on the regional level as well
- All the segments have been evaluated based on the present and the future trends
- The report deals with the in-depth quantitative and qualitative analyses of the Rigid Bulk Packaging market
- The report includes detailed company profiles of the prominent market players
Look into Table of Content of Rigid Bulk Packaging Market 2020 Research Report at
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