Global Rigid Bulk Packaging Market to reach USD XX billion by 2027.Global Rigid Bulk Packaging Market is valued approximately at USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.9% over the forecast period 2021-2027. Rigid plastic is described as a material that does not flex elastically and has complete plastic deformation. Cups, bottles, closures, pots, and cans are forms of rigid plastic packaging. Durability, cost, lifespan, flavour absorption, and lightweight are all advantages of rigid plastic packaging. It may be used in a variety of industries, including food and beverage, medicines, personal care, and many more. Bioplastics, Polyethylene, Polyethylene Terephthalate, Polystyrene, and others are some of the raw ingredients utilized in packaging. The packaging industry in India has seen significant changes over the years, and it has grown to become one of the country's most important industries. The packaging industry in India is increasing at a rate of 22% to 25% each year, according to the Packaging Industry Association of India (PIAI). For a long time, the Fast-Moving Consumer Goods (FMCG), food processing, and pharmaceutical industries have been major contributors to the expansion of the packaging industry in the nation. In recent years, e-commerce has emerged as a new user that has aided the expansion of the Indian packaging industry. However, fierce competition from flexible plastic packaging, may impede market growth over the forecast period of 2021-2027.
North America, Europe, Asia Pacific, Central and South America, and the Middle East and Africa comprise the market. The Asia Pacific region is expected to dominate the rigid bulk packaging market over the forecast period, owing to several factors such as the presence of several emerging economies in the region, as well as growing manufacturing and construction industries, which are expected to increase demand for various chemical products, propelling the demand for rigid bulk packaging.
Major market player included in this report are:
Hoover Container Solutions
Amcor PLC
Nefab Packaging AB
Mondi PLC
SCH??TZ GmbH & Co. KGaA
Sonoco Products Company
Cleveland Steel Container
The Cary Company
BWAY Corporation
Taihua Group
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
Plastic
Metal
Wood
Other Materials
By Product:
Industrial Bulk Containers
Drums
Pails
Boxes
Other Products
By End user Industry:
Food
Beverage
Industrial
Pharmaceutical and Chemical
Other End-user Industries
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Rigid Bulk Packaging Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors