Rigid Bulk Packaging Market

Rigid Bulk Packaging Market Outlook (2022-2032)

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.

The use of pails is expected to increase faster at a CAGR of 5% through 2032. Pails are one of the products that are effective in packaging a wide range of goods and are very inexpensive.

A transportable packaging system of great strength that is primarily employed in the transportation of delicate and perishable items is referred to as rigid bulk packaging. It is utilized for the safety and preservation of the box's contents due to its great strength and load-bearing capacity.

The market is expected to grow at a faster rate during the forecast period due to rising consumer awareness of packaging issues. An increase in demand for rigid biodegradable plastic packaging is predicted to enhance the market over the coming years. The soaring demand from the e-Commerce sector and the rising disposable income of people in emerging economies are creating attractive prospects for market growth.

Expansion of the chemical, pharmaceutical, and food and beverage sectors is expected to support the rigid bulk packaging market. Increasing demand for reusable bulk containers is driving market growth due to their cost-effectiveness when compared to smaller containers.

The construction and manufacturing sectors, particularly in several developing economies, are estimated to be stimulated by rapid urbanization and industrialization. Additionally, trade agreements between several countries are anticipated to boost imports and exports between these countries, encouraging market expansion.

The global plastic protective packaging market is projected to expand steadily due to the increasing emphasis on safeguarding goods, including chemicals, food and drinks, and pharmaceuticals, particularly during storage and transit. A further factor that is boosting market growth is the increased need for rigid bulk packaging to prevent the contamination and leakage of several perishable and sensitive products across the supply chain.

The shift in customer preferences toward online shopping has significantly boosted demand for rigid bulk packaging. Home delivery, special offers, and other advantages of online purchasing have considerably propelled the e-Commerce industry. Expanding logistics and transportation operations are increasing the demand for rigid bulk packaging products.

The rising consumption of packaged food products is driving the demand for rigid bulk packaging. As more businesses turn to pre-packaged and processed meals to save their production costs and time while simultaneously offering consumers convenience, demand has surged. Due to their superior protection against leakage or spillage during transit, alternatives such as bottles over drums are becoming more and more popular as a result of food safety requirements that call for a safer method of transportation.

Rigid plastic packaging is used in the cosmetics sector to package personal care items. This gives the goods frictionless storage and a longer shelf life. In emerging countries, the market for cosmetics and personal care products is expanding quickly, which is driving up demand for rigid plastic packaging.

Report Attributes	Details
Market Size (2022)	US$ 8 Billion
Projected Market Value (2032)	US$ 12.5 Billion
Global Market Growth Rate (2022-2032)	4.6% CAGR
Market Share of Pails	40%
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

Why is Demand for Rigid Bulk Packaging Growing Steadily across Regions?

“Surging Popularity of Sustainable Packaging Solutions”

Consumers are becoming more conscious of the rapidly expanding environmental risks caused by dangerous contaminants. Renewable biological resources such as sugarcane, are used to make bio-based materials, which are employed in the packaging sector in huge quantities. Biodegradation can take place at a manufacturing facility for composite materials as well as outside. Due to their exceptional lightness and ability to save energy, rigid plastics are useful for producing a wide range of goods.

“Rapid Adoption of Rigid Bulk Packaging in Healthcare Sector”

Governments are investing in modernizing the healthcare systems of developing countries in many locations. With its resilience, hygiene, transparency, and lightweight, rigid bulk packaging protects medicines from contamination and is ideal for keeping medical products such as syringes, tablets, syrups, surgical supplies, and others. The need for medical packaging is anticipated to increase globally along with the expansion of the healthcare industry.

What are the Challenges Faced by Rigid Bulk Packaging Product Providers?

“Stringent Government Policies and High Price of Products”

Market expansion is hampered by strict government regulations and fluctuating raw material costs and environmental issues.

The high price of recycling rigid plastic products and inadequate recycling infrastructure are possible roadblocks to market growth.

How Can Aspiring Market Players Increase their Revenue Share?

“New Market Entrants Should Focus on Introducing High-performance Packaging Products”

New entrants are concentrating on offering lightweight and high-performance packaging products to lower costs and enhance the performance of packaging.

To prevent risks to human health, property damage, and the environment when transporting and storing chemicals and goods, reliable chemical packaging is essential. This poses an even bigger problem when dealing with large liquids.

Since various chemicals and raw materials have various qualities, manufacturers must use unique packaging options for each of them. For this reason, a variety of chemical packaging options are offered by packaging start-ups.

• Vertrauen Chemie Solutions (VCS), a start-up based in the U.S., offers chemical packaging options for complex liquids. The business produces special chemical mixing and packaging for isocyanates, polyols, coatings, and solvents. It provides contract manufacturing services for the oil & gas (O&G), construction, marine, automobile, aerospace, and automotive industries.

Which Region Provides Optimistic Opportunities for Market Players?

“Raid Expansion of Food & Beverage Packaging Industry in Asia Pacific”

Asia Pacific holds a dominant position in the global market. The booming food and beverage packaging industry, rising disposable income, and soaring online retail sales are the factors supporting market expansion.

The high adoption of reusable packaging solutions, the emergence of advanced packaging techniques, and the growing demand for fresh food packaging solutions are augmenting market value.

Which Region Provides Optimistic Opportunities for Market Players?

“Raid Expansion of Food & Beverage Packaging Industry in Asia Pacific”

Asia Pacific holds a dominant position in the global market. The booming food and beverage packaging industry, rising disposable income, and soaring online retail sales are the factors supporting market expansion.

The high adoption of reusable packaging solutions, the emergence of advanced packaging techniques, and the growing demand for fresh food packaging solutions are augmenting market value.

Country-wise Insights

How is the Market for Rigid Bulk Packaging Expected to Evolve in Japan?

“Growing Popularity of On-the-go Food Packaging across Japan”

The market in Japan is estimated to develop at a CAGR of 2.5% over the forecast period. Market expansion is being fuelled by a sharp rise in the food retail sector, the rising adoption of transportable packaging systems, and the growing popularity of on-the-go food packaging.

What is Boosting the Sales of Rigid Bulk Packaging Materials in South Korea?

“High Demand for Rigid Bulk Packaging Products from Personal Care Sector”

Growing industrial and construction sectors are anticipated to boost consumer demand for a range of chemical products, which is expected to drive market revenue in South Korea throughout the forecast period.

Market growth is attributed to the surging sales of consumer goods, increased disposable income, and high demand for rigid bulk packaging products from the beauty and personal care sector.

Why is Germany Predicted to Be a Highly Lucrative Market for Rigid Bulk Packaging Product Suppliers?

“Rising Logistics and Shipping Operations in Germany”

The increasing need for rigid packaging materials from the healthcare & construction sectors, rising logistics and shipping operations, and the rising popularity of e-Commerce platforms are all likely to contribute to significant growth in Germany.

Why Will the U.S. Continue to Lead Demand for Rigid Bulk Packaging?

“Growing Demand for Biodegradable Packaging Materials in the U.S.”

The U.S. market is expanding due to a rapid expansion of the packaging industry, a huge production base for packaging materials, and strong demand for biodegradable packaging materials.

Category-wise Insights

Why is Demand for Pails Gaining Ground in this Space?

“Increasing Need for Effective Yet Affordable Packaging Solutions”

By product, the market is divided into pails, drums, material handling containers, bulk boxes, and rigid intermediate containers.

Currently, pails account for 40% share of the global market due to their increasing use in the packaging of numerous products.

Pails are widely utilized as shipping and transportation containers in several industries. Another element contributing to the market growth of pails is the availability of buckets in a range of sizes and colors.

One of the elements supporting the demand for pails is the continual expansion of the manufacturing sector in several countries. The demand for effective yet affordable packaging solutions is increasing as a result of the enormous increase in industrial output.

Which Application is Likely to Contribute the Most to Market Expansion?

“Rigid Bulk Packaging Widely Used to Preserve Freshness, Safety, and Quality of Food & Beverages”

The market is segmented into pharmaceuticals, chemicals, food & beverages, durable goods, and others based on application.

Demand for rigid bulk packaging in the food and beverage industry is being driven by the rising preference for packaged foods as a result of changing lifestyles and the thriving beverage industry, which is being led by goods such as liquor and energy drinks.

Many food-based products are shipped internationally, so it is necessary to store them in sturdy containers while they are in transit. Even when these freight items are transported using different modes of transportation, such as air or ocean shipping, food service packaging helps preserve freshness, safety, quality, and integrity.

For storage and shipping, the beverage industry uses rigid bulk packaging. Plastic, the most popular rigid material, has been proven to offer affordable solutions with many benefits over other materials because of its lightweight characteristics, adaptability, and durability. For soft beverages such as colas, fizzy drinks, and other dairy products, rigid bulk packaging is used in the beverage industry.

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