Global Rigid Bulk Packaging Market Size By Raw Material, By Type, By Application, By Geographic Scope And Forecast

Rigid Bulk Packaging Market Size And Forecast

Rigid Bulk Packaging Market size was valued at USD 8.4 Billion in 2023 and is projected to reach USD 13.14 Billion by 2030, growing at a CAGR of 8.04 % from 2024 to 2030.

Global Rigid Bulk Packaging Market Drivers

The market drivers for the Rigid Bulk Packaging Market can be influenced by various factors. These may include

• Growth in Manufacturing and Industrialization As manufacturing and industrial operations spread throughout the world, so does the need for stiff bulk packaging solutions for the effective transportation and storing of commodities.
• Growing Need for Sustainable Packaging As environmental issues become more pressing, there is a change in the market towards sustainable packaging options. Adoption of rigid bulk packaging is fueled by this trend, as it is frequently composed of recyclable materials.
• Growth in the Retail and E-Commerce Sectors Robust packaging solutions are crucial for the safe transit and storage of goods in the burgeoning retail and e-commerce sectors. Rigid bulk packaging satisfies these industries’ need for protection and durability.
• Technological and Material Science Advancements As a result of ongoing developments in these fields, novel stiff bulk packaging solutions are created. This comprises materials that promote market expansion with improved strength, longevity, and sustainability.
• Rules and Safety Standards Industries are compelled to invest in premium packaging solutions due to strict rules governing product safety and transportation standards. Demand for rigid bulk packaging that satisfies these requirements is rising.
• Globalisation and the Dynamics of Supply Chains As supply chains get increasingly intricate, effective packaging solutions are needed to optimise logistical processes. Transportation across various geographical locations can be made safe and convenient with the use of rigid bulk packing.
• Emphasis on Operational Efficiency and Cost Optimisation Throughout the supply chain, industries seek to improve operational efficiency and reduce costs. The growth of rigid bulk packaging is fueled by its ability to provide affordable bulk handling and storage options.

Global Rigid Bulk Packaging Market Restraints

Several factors can act as restraints or challenges for the Rigid Bulk Packaging Market. These may include

• Regulations And Environmental problems Rigid bulk packaging materials continue to give rise to environmental problems, even in light of the trend towards sustainable packaging. The use of some packaging types is restricted by regulations aimed against single-use plastics and non-recyclable materials, which presents obstacles to market expansion.
• Cost And Pricing Pressures Rigid bulk packaging solutions can come with a hefty upfront investment and recurring costs for certain firms, particularly small and medium-sized businesses (SMEs). Customers’ price sensitivity may prevent a market from growing, especially in cost-sensitive industries.
• Restricted Flexibility And Storage Space Flexible packaging and other alternative packaging choices offer greater flexibility than rigid bulk packaging, which is not the case by default. This constraint becomes itself evident in situations that call for flexible storage or transportation options, limiting its use in particular sectors or settings.
• Impact Of Economic Uncertainty Across all industries, investment and purchase decisions can be impacted by economic ups and downs. Businesses may prioritise cost-cutting efforts during economic downturns or periods of instability, which could postpone or reduce investments in rigid bulk packaging solutions.
• Obstacles In Recycling And trash Management Although there are numerous recyclable materials for stiff bulk packaging, recycling infrastructure and trash management systems continue to provide obstacles. The recyclability of these materials may be hampered by inadequate recycling facilities and a lack of customer knowledge, which could impede market expansion.
• Competition From Alternative Packaging Solutions Bulk bags, intermediate bulk containers (IBCs), flexible packaging, and other alternative packaging solutions are competitors for rigid bulk packaging. Rigid bulk packaging may face competition from these alternatives if they provide benefits in terms of cost-effectiveness, space-efficiency, or environmental impact.
• Particular Industry rules And Regulations When it comes to packaging materials and design, there are strict rules and regulations in place in some industries, such as food and beverage and pharmaceuticals. For makers of rigid bulk packaging, adhering to industry-specific norms and regulations may provide difficulties, hence reducing their market share.

Global Rigid Bulk Packaging MarketSegmentation Analysis

The Global Rigid Bulk Packaging Market is Segmented on the basis of Raw Material, Type, Application, and Geography.

Rigid Bulk Packaging Market, By Raw Material

• Bioplastics• Polyethylene• Polyethylene Terephthalate• Polystyrene• Others

Based on the Raw Material, the market is bifurcated into Bioplastics, Polyethylene, Polyethylene Terephthalate, Polystyrene, and Others. The Polyethylene segment is expected to hold the largest market share. The factors can be attributed to its properties such as its extremely lightweight nature, superior flexibility, excellent rigidity, durability, etc.

Rigid Bulk Packaging Market, By Type

• Bottles & jars• Rigid bulk products• Trays• Tubs, cups, & pots• Others

Based on the Type, the market is bifurcated into Bottles & jars, Rigid bulk products, Trays, Tubs, cups, & pots, and Others. Rigid bulk products are predicted to hold the most significant CAGR in the forecasted period due to their usage in transportation & storage of food ingredients, reusability, and handling & storage effectiveness.

Rigid Bulk Packaging Market, By Application

• Food• Beverage• Healthcare• Cosmetics & toiletries• Industrial• Others

Based on the Application, the market is bifurcated into Food, Beverage, Healthcare, Cosmetics & toiletries, Industrial, and Others. The Healthcare segment is anticipated to have the highest CAGR in the forecasted period. The factors can be attributed to the increasing demand for pharmaceutical products due to the growing prevalence of chronic diseases.

Rigid Bulk Packaging Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

Based on regional analysis, the Global Rigid Bulk Packaging Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by the Asia Pacific owing to the presence of several emerging economies and increasing manufacturing & construction industries in this region.

Key Players

The major players in the Rigid Bulk Packaging Market are

• Mondi
• Greif
• NEFAB Group
• Schütz GmbH & Co. KGaA
• Sonoco Products Company
• Amcor plc
• The Cary Company
• Hoover Ferguson Group, Inc.
• Taihua Group
• Cleveland Steel Container

Key Developments

Partnerships, Collaborations, And Agreements

• In June 2020, Amcor Rigid Packaging Caribbean Limited has collaborated with Hillview Renegades to just provide emergency food rations and relaxation to people affected by the Coronavirus in Trinidad and Tobago.

Mergers And Acquisitions

• In March 2019, Amcor Limited acquired rival Bemis Company, Inc. to create a stronger added value for stockholders, clients, staff, and the environment.

• In March 2019, Triton and the Abu Dhabi Investment Authority have agreed to acquire IFCO SYSTEMS, a leading global in reusable packaging solutions for fresh foods (ADIA). IFCO is a truly independent company that functioned quickly and adaptably, providing the most effective and reliable fresh foods packaging in the industry.

Product Launches And Product Expansions

• In February 2020, PlastiPak has declared a considerable investment in new light-weight finish innovation for carbonated drink bottles.

• In October 2015, Amcor, a supposed to lead rigid plastic packaging company, has developed an innovative child-resistant closure for ophthalmic packaging under the SecurePlus brand.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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