Global Rigid Industrial Packaging Market, By Product Type (Drums, Rigid IBCs, Pails, Bulk Boxes, Others), Material Type (Plastic, Metal, Paper and Wood, Fibre), End User (Chemicals and Solvents, Oil and Lubricants, Agriculture and Horticulture, Automotive, Building and Construction, Food and Beverages, Pharmaceuticals and Medical Devices, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Rigid Industrial Packaging Market
The rigid industrial packaging market is expected to witness market growth at a rate of 4.45% in the forecast period of 2022 to 2029 and. Data Bridge Market Research report on rigid industrial packaging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the awareness about personal grooming is escalating the growth of rigid industrial packaging market.
The rigid industrial packaging is known to utilize to store and transport several products for agriculture and horticulture, chemicals and solvents, food and beverages, construction, oil and lubricants, pharmaceuticals and other industries. The rigid industrial packaging solutions is accessible in the market such as various forms of drums, pails, rigid IBCs, bulk boxes and others. These products are known to be manufactured from metal, plastic, paper, wood or fibre material.
Major factors that are expected to boost the growth of the rigid industrial packaging market in the forecast period are the rise in industrialization. Furthermore, the growing manufacturing activities across developing economies and the growing need for bulk rigid containers in food and beverage applications for storage of food ingredients, pulps, preservatives and additives is further anticipated to propel the growth of the rigid industrial packaging market. Moreover, the increasing need for safe and secure packaging for industrial goods is further estimated to cushion the development of the rigid industrial packaging market. On the other hand, the robust negative effect of the pandemic on the import and export activities of various end-use industries is further projected to impede the growth of the rigid industrial packaging market in the timeline period.
In addition, the rise in the international trade will further provide potential opportunities for the growth of the rigid industrial packaging market in the coming years. However, the restricted use of rigid industrial packaging and the growing concerns about the use of single-use plastic and other grades of plastic might further challenge the growth of the rigid industrial packaging market in the near future.
This rigid industrial packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on rigid industrial packaging market, contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.
Global Rigid Industrial Packaging Market Scope and Market Size
The rigid industrial packaging market is segmented on the basis of product type, material type and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the rigid industrial packaging market is segmented into drums, rigid IBCs, pails, bulk boxes, and others. Drums has been further sub segmented into steel drums, plastic drums and composite drums.
- On the basis of material type, the rigid industrial packaging market is segmented into plastic, metal, paper and wood, and fibre.
- On the basis of end user, the rigid industrial packaging market is segmented into chemicals and solvents, oil and lubricants, agriculture and horticulture, automotive, building and construction, food and beverages, pharmaceuticals and medical devices, and others.
Rigid Industrial Packaging Market Country Level Analysis
The rigid industrial packaging market is segmented on the basis of product type, material type and end user.
The countries covered in the rigid industrial packaging market report are the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
Asia-Pacific dominates the rigid industrial packaging market due to the rise in the demand for effective industrial packaging solutions with developing industrial actives. Furthermore, the increasing food and beverages industry will further boost the growth of the rigid industrial packaging market in the region during the forecast period. Europe is projected to observe significant amount of growth in the rigid industrial packaging market due to the transportation regulations and rise in the trade activities from several end users. Moreover, the strict rules regarding the transportation of dangerous chemicals is further anticipated to propel the growth of the rigid industrial packaging market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Rigid Industrial Packaging Market Share Analysis
The rigid industrial packaging market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the rigid industrial packaging market.
Some of the major players operating in the rigid industrial packaging market are Amcor plc, Coveris., Berry Global Inc., ALPLA-Werke Alwin Lehner GmbH & Co KG, Sonoco Products Company, Sealed Air, Silgan Holdings Inc., PLASTIPAK HOLDINGS, INC., Holmen, Mondi, Sirap Group, Tetra Pak International S.A., WestRock Company., RESILUX NV, Ardagh Group S.A., Consolidated Container Company, BALL CORPORATION, DS Smith, Georgia-Pacific., and Grief among others.
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