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Global Plastic Rigid IBC Market Growth trends 2022 To 2028 Market Report
The global plastic rigid IBC market was worth US$ 2600.5 million in 2019, and total revenue is predicted to expand at a rate of 6.2 percent from 2022 to 2028, reaching about US$ 2958.2 million.
The study on the global Plastic Rigid IBC Market is a thorough examination of the industry, market, and key players. The demand and supply sides of the market were segmented in the analysis. The research also includes market trends by market segments, material, and investment, as well as a competitive landscape.
Overview of the Global Plastic Rigid IBC Market:
Plastic rigid IBCs are commonly used as transportation containers all over the world. Plastic rigid IBCs are commonly manufactured of polyethylene (HDPE) that has been rotationally moulded to a thickness of 12 inches. Because they are composed of plastic and polymers do not corrode, this Plastic rigid IBC is sturdy, reusable, and essentially corrosion resistant. Chemical, food, and beverage industries, pharmaceutical industries, paints, inks and dyes, petrochemicals and lubricants, and other industries use plastic rigid IBCs extensively.
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Market Dynamics for Plastic Rigid IBCs Around the World:
The plastic rigid intermediate container market is driven by the use of rigid plastic containers due to their mechanical strength and durability. Every industry uses the packaging system for goods transit and mobility in order to protect end products from transportation and environmental harm. Plastic rigid intermediate containers are widely used in the food and beverage business as ready-to-eat food is a growing need for customers' busy lifestyles and has proven to be crucial in mechanical strength during mobility. In terms of environmental protection, plastic rigid intermediate containers are also utilised in the storage of commodities.
Protecting food and drinks from antimicrobial contamination, moisture, and atmospheric packaging, as well as extending the shelf life of the food item, is a new advancement in plastic rigid intermediate containers. As a result, rising demand for retail products, particularly in E-commerce, is likely to expand the plastic rigid intermediate container market.
Because consumer goods and industrial items both require transportation to reach their end-users, growing industrialization is a crucial driver driving market expansion. In addition, the industrial sector is expanding due to an increase in production units as a result of rising population and demand. These factors have fueled the expansion of the plastic rigid intermediate bulk container market.
Market Segmentation for Plastic Rigid IBCs in the World:
By Product Type: Linear Low-Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polyvinyl Chloride (PVC), Others
By Application: Petroleum & Lubricants, Food & Beverages, Industrial Chemicals, Inks & Dyes, Pharmaceuticals, Others
Global Plastic Rigid IBC Market Key Players
• Schutz Container Systems • Greif Inc • Maschiopack GmbH • SCHÜTZ GmbH & Co KGaA • Bulk Handling Australia • ZIBO JIELIN PLASTIC PIPE MANUFACTURE CO LTD • WERIT Kunststoffwerke W Schneider GmbH & CoKG • Snyder Industries Inc • Sintex Industries
Regional Insights on the Global Plastic Rigid IBC Market
Plastic is inflexible. North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa are the regional segments for intermediate bulk containers.
The market for plastic rigid intermediate bulk containers is dominated by Asia Pacific. Because of the advanced chemical industries and bulk chemical manufacturing in the region, China dominates the Asia Pacific market. In China, a big chemical supply necessitates bulk container and chemical industries, and these industries are responsible for a considerable portion of market expansion.
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Plastic Rigid IBC Market Analysis, Segments, Growth Opportunity and Demand Forecast 2021-2027
Plastic Rigid IBC Market Overview:
The study covers the Plastic Rigid IBC market's most recent revenue and market trends. It stresses a market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the Plastic Rigid IBC Market, such as gross margin, cost, market share, capacity utilisation, and supply. It also aids in determining the future potential of Plastic Rigid IBC Market in the next years. The report presents a market overview through common subjects that are highlighted with unique data based on the need. This overview aids in making decisions about how to approach the market and comprehending the industry's backdrop.
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Market Scope:
Key Market Trends & Challenges:
The study analyses the primary adoption trend impacting the Plastic Rigid IBC industry as well as issues that may stymie its expansion. Understanding these elements is critical for product planning and design, as well as commercial strategies. To assist you understand the Plastic Rigid IBC market, this study provides a full analysis of these trends and obstacles.
Market Statistics:
The report provides the market size and share of the Plastic Rigid IBC market. It helps in understanding the market and the report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising and industry decision-making processes in the Plastic Rigid IBC market.
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Segmentation:
Key Players:
• Schutz Container Systems (US) • Greif, Inc. (US) • Maschiopack GmbH (Germany) • SCHÜTZ GmbH & Co. KGaA (US) • Bulk Handling Australia (Australia) • ZIBO JIELIN PLASTIC PIPE MANUFACTURE CO., LTD (China) • WERIT Kunststoffwerke W. Schneider GmbH & Co.KG (Germany) • Snyder Industries, Inc. (US) • Sintex Industries (India) • Hoover Ferguson Group, Inc. (US) • Jielin, Maschiopack GmbH • Greif, Inc. • Snyder Industries • WERIT.
The report examines the top players in the Plastic Rigid IBC market in terms of their size, market share, market growth, revenue, production volume, and profitability. The research outlines which growth strategies are being used by key players, including strategic alliances, new product innovation, and so on. It tells you whether you're competing with only industry firms or with competitors who provide alternative solutions. The study helps you understand competitor pricing in the Plastic Rigid IBC market so you can examine and build a pricing plan that works for your product. The competitive landscape is a significant feature of the Plastic Rigid IBC industry that all key stakeholders in the industry should be aware of.
Regional Analysis:
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Plastic Rigid IBC market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
COVID-19 Impact Analysis on Plastic Rigid IBC Market:
The report has identified detailed impact of COVID-19 on Plastic Rigid IBC market in regions such as North America, Asia Pacific, Middle-East, Europe, and South America. The report provides Comprehensive analysis on alternatives, difficult conditions, and difficult scenarios of Plastic Rigid IBC market during this crisis. The report briefly elaborates the advantages as well as the difficulties in terms of finance and market growth attained during the COVID-19. In addition, report offers a set of concepts, which is expected to aid readers in deciding and planning a strategy for their business.
Key Questions answered in the Plastic Rigid IBC Market Report are:
Which product segment grabbed the largest share in the Plastic Rigid IBC market?
How is the competitive scenario of the Plastic Rigid IBC market?
Which are the key factors aiding the Plastic Rigid IBC market growth?
Which region holds the maximum share in the Plastic Rigid IBC market?
What will be the CAGR of the Plastic Rigid IBC market during the forecast period?
Which application segment emerged as the leading segment in the Plastic Rigid IBC market?
Which are the prominent players in the Plastic Rigid IBC market?
What key trends are likely to emerge in the Plastic Rigid IBC market in the coming years?
What will be the Plastic Rigid IBC market size by 2027?
Which company held the largest share in the Plastic Rigid IBC market?
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Medical Foam Market Size, Revenue Analysis, Opportunities, Trends, Product Launch, 2021–2028
The Global Medical Foam Market Report contains essential details of the industry, intended to help the customers identify the optimum approaches to get ahead in the market and make well-informed decisions. An extensive overview of the global sector included in the report examines vital market information to forecast the growth of the market in the forecast duration. The CAGR of the market for the coming years to 2028 has been estimated based on a detailed assessment of the market with authentic and relevant information pertaining to the different segments of the sector. The driving and restraining factors prevailing in the industry have been studied to predict their impact on the growth of the Medical Foam market in the coming years.
Medical Foam Market Size – USD 23.85 Billion in 2020, Market Growth – at a CAGR of 7.3%, Market Trends – Rising demand for advanced wound care products
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Top Companies Profiled in the Report:
The Dow Chemical Company, Sekisui Chemical Co., LTD., Huntsman Corporation, Trelleborg AB, BASF SE, Recticel NV, INOAC Corporation, UFP Technologies, Inc., FXI HOLDINGS, INC., and ARMACELL INTERNATIONAL S.A.
Global Medical Foam Market: Report Highlights
A comprehensive overview of the global Medical Foam market
Rapidly changing dynamics of the Medical Foam market
Detailed information about the key factors influencing market growth
Segmentation of the Medical Foam market
Historical, present, and projected Medical Foam market in terms of volume and value
Regional landscape of the Medical Foam market
Competitive landscape of the Medical Foam market
Growth strategies adopted by key players, such as mergers & acquisitions and new product launches
The reasons to buy the Medical Foam Market Report are:
1. Present scenario of the market and accurate speculation of the future trends are provided in the report.
2. Proper explanations using segmentation and thus increasing comprehensibility.
3. Regions that exhibit promising growth in the coming years.
4. Meticulous studying of different strategies employed by the key players in the Medical Foam market.
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Plastic Rigid IBC Market Research Methodology, Structure, Forecast to 2027
Market Highlights
The pressing demand for plastic rigid IBC across expanding economies, such as food & beverage industries as the need for storage and transportation of bulk food products rise can cause the expansion of the world plastic rigid IBC market 2020 across the review period. MRFR studied the impact of COVID-19 pandemic on the world market of plastic rigid IBC. A detailed analysis of COVID-19 pandemic on the world market of plastic rigid IBC is provided with the report detailing the long-term and short-term impact on the market. The increase in utility of plastic rigid IBC in beverages and manufacturing units can create numerous growth opportunities on the market, thus can support the expansion of the market in the years to come. The utility of Plastic rigid IBC in store and transportation of lubricants, chemicals, and oils can support the expansion of the market. The need for cost effective and flexible, bulk packaging solutions can generate high annual turnover for the plastic rigid IBC market. On the other side, strict regulations and standards regarding packaging can hinder the rise of the Plastic rigid IBC market in the years to come.
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Segment Study
The global plastic rigid IBC market segment study is based on end use, material, and capacity. The material based segments of the plastic rigid IBC market are LLDPE, HDPE, LDPE, and PVC among others. The HDPE material segment can wind in high revenue in the years to come. The growing utility of HDPE IBC containers due to high flexibility and affordability can promote the expansion of the market.
The capacity based segments of the plastic rigid IBC market are 500 to 1000 liters, up to 500 liters, 1500 to 2000 liters, 1000 to 1500 liters, and above 2000 liters. The 500 to 1000 liters Plastic rigid IBC containers are widely used. Hence, the 500 to 1000 liters plastic rigid IBC market segment can rise at a high pace across the review period.
The end-use based segments of the plastic rigid IBC market are pharmaceuticals, food & beverages, industrial chemicals, paints inks dyes, petroleum & lubricants, and others. The Food & beverages segment can gain high traction across the review period.
Regional Study
North America, Asia-Pacific, Europe, and the rest of the world are major plastic rigid IBC market regional segment. The growing utility of plastic rigid IBC in the Asia Pacific region can promote the plastic rigid IBC market can rise in the near future. In Middle East & Africa, followed by North America, the plastic rigid IBC market is expected to gain high revenue through the review period. Other important factors that can promote the expansion of the regional market are technological developments and quick industrialization developments. In regions, such as China and India the expansion of the plastic rigid IBC market can be due to the presence of major contributors in the region as the GDP growth in these powerful economies surge. The rapidly rise in manufacturing activities and high paced expansion of the industrial sector can drive the expansion of APAC plastic rigid IBC market.
Key Players
MRFR registered some notable players in the world plastic rigid IBC market. They are include ZIBO JIELIN PLASTIC PIPE MANUFACTURE CO., LTD (China), Schutz Container Systems (US), Greif, Inc. (US), Hyosung (China), WERIT Kunststoffwerke W. Schneider GmbH & Co.KG (Germany), SCHÜTZ GmbH & Co. KGaA (US), Bulk Handling Australia (Australia), Snyder Industries, Inc. (US), Maschiopack GmbH (Germany), Hoover Ferguson Group, Inc. (US), and Sintex Industries (India) among others.
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Kraft Paper Market, Revenue Growth, Key Factors, Major Companies, Forecast To 2028
The global kraft paper market is expected to be valued at USD 22.38 Billion by 2028 from USD 17 Billion in 2020, and register a CAGR of 3.5% over the forecast period. Growth of the market is majorly attributable to rising demand for sustainable and recyclable materials for packaging from various end-use industries. Kraft paper is manufactured from wood pulp through pulverizing process and blending with strong wood filament. However, high cost of kraft paper coupled with rising awareness regarding deforestation and resulting environmental impact of paper manufacturing are some key factors restraining growth of the market to some extent currently. The research offered by the Kraft Paper report has been formulated through key analytical tools and extensive primary and secondary research further validated and verified by industry experts, industry professionals and analysts. The report includes SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis to impart better understanding of the Kraft Paper market dynamics.
Top Companies Profiled in the Report:
Mondi, Segezha Group, Klabin, Billerudkorsnas, Stora Enso, Daio Paper Construction, Nordic Paper, Glatfelter, and Gascogne Papier. Receive a sample copy of the global Kraft Paper market report, visit @ https://www.reportsanddata.com/sample-enquiry-form/3931
For the purpose of this report, Reports and Data has segmented the global kraft paper market on the basis of grade, packaging form, application, and region:
By Grade Outlook (Revenue, USD Billion; 2018-2028)
Unbleached
Bleached
Wrapping & Packaging
Sack Kraft Paper
Others (Vegetable Parchment, Greaseproof, and Glassine)
By Packaging form Outlook (Revenue, USD Billion; 2018-2028)
Corrugated Boxes
Grocery Bags
Industrial Bags
Wraps
Pouches
Envelopes
By Application Outlook (Revenue, USD Billion; 2018-2028)
Foods & Beverage
Pharmaceuticals
Building and Construction
Cosmetics & Personal Care
Others
The Kraft Paper market research report highlights the major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It elaborates on various aspects these regional markets, such as shifting consumer tastes & preferences, fluctuations in supply & demand, changing production & consumption patterns, and revenue growth rate of each market. In addition, the report analyzes the current position of each player in the Kraft Paper market leveraging various analytical tools such as Porter’s Five Forces analysis, SWOT analysis, and Capacity Utilization analysis.
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Global Kraft Paper Market: Report Highlights
A comprehensive overview of the global Kraft Paper market
Rapidly changing dynamics of the Kraft Paper market
Detailed information about the key factors influencing market growth
Segmentation of the Kraft Paper market
Historical, present, and projected Kraft Paper market in terms of volume and value
Regional landscape of the Kraft Paper market
Competitive landscape of the Kraft Paper market
Growth strategies adopted by key players, such as mergers & acquisitions and new product launches
The reasons to buy the Kraft Paper Market Report are:
Present scenario of the market and accurate speculation of the future trends are provided in the report.
Proper explanations using segmentation and thus increasing comprehensibility.
Regions that exhibit promising growth in the coming years.
Meticulous studying of different strategies employed by the key players in the Kraft Paper market.
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Table of Content:
Report Overview
1.1 Research Scope
1.2 Key Kraft Paper market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Kraft Paper market size
2.2 Latest Kraft Paper market trends
2.3 Key growth trends
Competitive Landscape
3.1 Global Kraft Paper market key players
3.2 Global Kraft Paper size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Kraft Paper market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
Continued….
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Europe Rigid HDPE IBC Market All Set to Flourish: Expected to Reach worth USD 1,935.8 Million in 2026
A study recently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the Europe rigid HDPE IBC market was worth USD 1,398.8 million in 2020 and is further projected to reach USD 1,935.8 million by 2027 at a CAGR of 5.7% during the forecast period (2021-2026).Growing manufacturing industries, along with expansions in the industrial sector, are key factors encouraging the growth of the rigid HDPE IBC market in Europe. IBCs made of rigid HDPE are also compact and sturdy, which makes them ideal for transporting liquids. Consequently, the majority of end-use industries, including food and beverage, agrochemicals, and others, are adopting HDPE rigid IBCs for shipping, further driving the growth of the rigid HDPE IBC market in Europe.
Market expansion is being driven by HDPE IBC containers that are leak-proof and spill-proof.
HDPE IBC containers are flexible, sturdy, and durable, as well as chemically compatible across a wide range of industries. Many businesses use rigid HDPE IBC to store products like medications, tablets, powders, and other items. The tanks are designed to keep these materials from spoiling or leaking for long periods. A lot of businesses can utilize HDPE IBC containers for storing goods over a few weeks or months. For instance, the use of IBC tanks in the pharmaceutical and cosmetic industries will prevent contamination and health hazards from liquids and solids that could otherwise cause health issues.
Pharmacists and cosmeticians can also use IBC tanks to safely store medicines, powders, and liquids that could be harmful to their health or the environment. These tanks also have valves on the bottom that allows users to remove contents without causing spills. These are the key factors driving the growth of the Europe rigid HDPE IBC market. The government of the U.K. has announced a USD 27.6 million investment in medicine manufacturing in the region. The new fund, according to the U.K government, would boost drug supply chains while also creating thousands of jobs. This new USD 27.6 million funds would dramatically boost the capability and durability of their drug and diagnostics manufacturing supply chains, allowing them to better prepare for future health crises. The expansion of the pharmaceuticals sector in the European market further drives the growth of the Europe rigid HDPE IBC market as industry players are adopting rigid HDPE IBC for storage handling.
An increase in manufacturing activities and an expansion of the industrial sector favoring the market growth
The adoption of technological innovations in the manufacturing industry and marketable goods has led to an increase in manufacturing activities. Advanced manufacturing systems play a critical part in making Key Enabling Technologies (KETs) and new products competitive, affordable, and accessible; multiplying their societal and economic benefits. These technological advancements help in the potential growth of manufacturing activities. As a result of such advances, industries such as the food and beverage industry, which uses rigid HDPE IBC, are also witnessing an increase in market share.
Europe was the first major region to develop a modern economy based on commercial agriculture, industrialization, and the provision of specialized services. The industrial sector in Europe grew at a faster rate in 2019. The results of 2019 show the consolidation of production growth, after the full recovery and surpassing the 2009 level. This upward trend in industrial production in the EU-27 was maintained in 2019 and was primarily attributable to the production of food, beverages, automobiles, pharmaceuticals, and others.
Germany recorded the highest value of sold production, equivalent to almost 30 % of the EU-27 total, followed by Italy (17 %), France (12 %), Spain (9 %), Poland (6 %), and The Netherlands (3 %).The other 21 EU member states contributed smaller shares (up to 3 %). Due to increased manufacturing activities and the development of the industrial sector, the manufacturing industry was the second-largest contributor to the European economy in 2017.
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Based on end-use, the chemical segment holds the largest market share
In terms of end-use, the Europe rigid HDPE IBC market is segmented into chemicals, oil & gas, food & beverage, paints, inks, dyes, pharmaceuticals, automotive, buildings & construction, textile, and others. The chemicals segment was worth USD 365.79 million and accounted for the largest market share of 39% on a revenue basis in Europe Rigid HDPE IBC market in 2020. It is further expected to reach USD 461.24 million by the end of the forecast period with a CAGR of 4.02%.
The chemical industry is a major end-userof rigid HDPE IBCs. IBCs designed for the transportation of chemicals are manufactured with specific UN, EU, and domestic guidelines in mind. Rigid HDPE IBCs are used to ship all kinds of chemicals, including non-toxic, non-hazardous chemicals, toxic & hazardous chemicals, flammable chemicals, and highly corrosive chemicals as HDPE is non-reactive to the majority of the chemicals. Rigid HDPE IBCs are also used for the transportation of hydrofluoric acid, one of the most corrosive chemicals. Rigid HDPE IBCs also protect chemicals from UV radiation, moisture, and sunlight, and are widely used by chemical companies for shipping, handling, and storage.
Impact of COVID-19 on Europe Rigid HDPE IBC Market
The Europe rigid HDPE IBC market has seen a downfall due to the impact of COVID-19. COVID-19 has affected supply chains across all industries all over the world. Just when European chemical supply chains were reviving slowly after governments decided to finally ease the lockdown restrictions, the second wave of COVID-19 hit the European countries. Consequently, some nations were again forced to impose strict lockdown regulations. Countries in Central Europe, Czech Republic, Slovakia, Hungary, and Poland are also bracing themselves for the third wave of COVID-19.
Rigid HDPE IBC has end-users in many industries like food & beverage, agrochemical, oil and gas, pharmaceuticals, paints, dyes, and inks, construction, fuel & lubricants, and others. The European chemical industry, the world’s second-largest, has witnessed a decline in production due to supply chain disruption. As a result of the drop in sales, the market for rigid IBCs in HDPE was severely affected. The sales of plastics in Europe increased in the first quarter of 2020 but fell again in the following three quarters. Supply chains were disrupted and industries were forced to operate at a reduced capacity, resulting in low end-user demand for rigid HDPE IBC.
Europe Rigid HDPE IBC Market: Country Insights
Based on countries, the Europe Rigid HDPE IBC market is segmented into Germany, the UK, France, Italy, Spain, Austria, Poland, Benelux, Switzerland, and the rest of Europe. Among these, Germany accounts for the highest share in the Europe rigid HDPE IBC market. German Chemical Industry Association has estimated that the Chemical industry in Germany was worth US$186 billion in sales in 2019 and was the largest chemical industry in Europe. Between 1960 and 2020, the chemical industry in Germany experienced an average growth rate of 4.8%. Germany’s chemical industry has drastically increased its output with less energy consumption. Its chemical industry has decreased its energy consumption by 14% with production levels increasing by 69% between 1990-2017. Germany was the world’s third-largest chemical exporter in 2019 with exports worth more than USD 131 billion. Furthermore, Germany exported more than 70% of its chemicals within the EU, with the remaining 30% going to non-EU countries and the rest of the world.
Europe Rigid HDPE IBC Market: Competitive Landscape
The rigid HDPE IBC market in Europe is highly consolidated, with a few important competitors controlling the majority of the market share. The companies operating in Europe rigid HDPE IBC market compete against each other on the basis of solutions and services provided to the customers for various applications. The major players in the market are Greif Incorporated, MaschioPack GmbH, SCHÜTZ GmbH & Co. KGaA, WERIT Kunststoffwerke, Brenntag SE, Hoover CS, IDEX Corporation, Francis Ward, RIPS-EMEA – Mendig, The New Pig Ltd., and other prominent players.
Don’t miss the business opportunity of the Europe rigid HDPE IBC market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Europe rigid HDPE IBC market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Europe rigid HDPE IBC market, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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Returnable Transport Packaging (RTP) Market: Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2019-2029
In this report, Future Market Insights (FMI) offers a 10-year forecast of the global returnable transport packaging market between 2018 and 2028. In terms of value, the global returnable transport packaging market is expected to expand at a CAGR of 4.7% during the forecast period. The study reveals market dynamics in seven geographic segments along with returnable transport packaging market analysis for the current market environment and future scenario over the forecast period.
Report Description
This Future Market Insights report studies the global returnable transport packaging market for the period 2018–2028. The prime objective of global returnable transport packaging market is to offer insights and key market trends pertaining to the global returnable transport packaging market that are gradually helping transform global businesses.
The global returnable transport packaging market report begins with the executive summary for various categories and their share in the returnable transports market. It is followed by market dynamics and overview of the global returnable transport packaging market, which includes FMI analysis of market drivers, restraints, and trends that are affecting the growth of the returnable transport packaging market. Furthermore, to understand the popularity of the market segment, the attractiveness index and BPS analysis with elaborated insights on the same are provided, which will show the market’s attractiveness based on factors such as CAGR and incremental opportunity. To show the performance of the returnable transport packaging market in each country and region, BPS and Y-o-Y growth analysis of returnable transport packaging are provided.
The global market for returnable transport packaging is further segmented as per product type, material type, and by end-use industry. On the basis of product type, the global returnable transport packaging market is segmented into IBC, pallets, plastic crates, layer pads, drums, and dunnage bags. IBC is further sub-segmented into rigid and flexible. Pallets is further sub-segmented into wood, plastic, and metal. Drums is further sub-segmented into plastic, metal, and fiber. On the basis of material type, the global returnable transport packaging is further sub-segmented into metal, plastic, paper, and wood. On the basis of end-use industry, the global returnable transport packaging is segmented into building & construction, food & beverage, chemical, retail, industrial, and logistics.
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The next section of the report highlights the returnable transport packaging market, by region, and provides the market outlook for 2018–2028. The study investigates the Y-o-Y growth regionally, as well as analyses the drivers that influence the regional returnable transport packaging market. Main regions assessed in the report global returnable transport packaging market include North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa (MEA). The global returnable transport packaging market evaluates the present scenario and growth prospects of the regional returnable transport packaging market for 2018–2028.
To ascertain the market size in terms of value and volume, the revenue generated by the key manufacturers of returnable transport packaging and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the returnable transport packaging market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis of how the returnable transport packaging market is expected to develop in the future. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyze returnable transports packaging market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the returnable transport packaging market and identify the right opportunities across the market.
The market segment for global returnable transport packaging market has been analyzed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important to identify various key trends in the returnable transport packaging market. Another key feature of the global returnable transport packaging market is the analysis of key segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the returnable transport packaging market. The overall absolute dollar opportunity along with the segmental split is mentioned in the report titled global returnable transport packaging market.
To understand key growth segments in terms of growth and adoption for returnable transport globally, Future Market Insights developed the returnable transport packaging market ‘Attractiveness Index.’ The resulting index should help providers identify real market opportunities in global returnable transport packaging market.
In the final section of the report on returnable transport packaging, the ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution in the total returnable transport packaging market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on an in-depth evaluation of their capabilities and success in the returnable transport packaging marketplace.
Detailed profiles of companies of global returnable transport packaging market are also included in the report to evaluate their strategies, key product offerings, and recent developments. Key manufacturers operating in the returnable transport packaging market include Greif, Inc. , Brambles Limited , Mauser Packaging Solutions , Schoeller Allibert Services B.V, DS Smith Plc , Time Technoplast Ltd. , Berry Global, Inc, Cordstrap B.V, Schuetz GmbH & Co. KGaA , Supreme Industries Limited , PalletOne, Inc, Balmer Lawrie & Co. Ltd. , Craemer Holding GmbH , Cabka Group GmbH , Bulk Lift International, Inc, Thielmann US LLC , TranPak, Inc, Rehrig Pacific Company, Inc. , Myers Industries, Inc, and Snyder Industries, Inc.
Key Segments Covered
By product type, the global returnable transport packaging market is segmented as:
IBC
Pallets
Plastic Crates
Layer Pads
Drums
Dunnage Bags
Rigid
Flexible
Wood
Plastic
Metal
Plastic
Metal
Fiber
By material type, the global returnable transport packaging market is segmented as:
Metals
Plastics
Papers
Wood
By end-use industry, the global returnable transport packaging market is segmented as:
Building & Construction
Food & Beverages
Chemicals
Retail
Industrial
Logistics
Regional analysis of returnable transport packaging market is presented for following market segments:
North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA
U.S.
Canada
Brazil
Mexico
Argentina
Rest of Latin America
Germany
Italy
France
Spain
U.K.
Benelux
Nordic
Russia
Poland
Rest of Europe
India
Thailand
Indonesia
Malaysia
Rest of South Africa
China
India
South Korea
Rest of East Asia
Australia
New Zealand
GCC
Turkey
Northern Africa
South Africa
Rest of MEA
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Collapsible Rigid Containers Market Global Trends, Growth, Opportunities, Market Size Forecast to 2027|Major Competitors SSI Schaefer Ltd, Warehouse Rack & Shelf LLC., Custom Equipment Company, DS Smith Plc, ORBIS Corporation, Dynawest Ltd, Rearing Pacific Company, Bulk Handling Australia.
Collapsible rigid containers market competitive landscape provides details by 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. This collapsible rigid containers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, 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 Data Bridge Market Research collapsible rigid containers market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Collapsible rigid containers are foldable containers made of metal, plastic and fibreboard which are used for handling and storing of products according to the requirements of the consumer, as they are collapsed into a number of fractions that will provide stability to the product. Rising demand for collapsible rigid containers in emerging economies, increased load capacity, stability and reduce storage problem are some of the factors that will augment market growth in the forecast period of 2020-2027.High investment and availability of alternative transportation solution, lack of consumer awareness will hamper the growth of the collapsible rigid containers market in the above mentioned forecast period.
Global Collapsible Rigid Containers Market By Product (Pallet Boxes, Crates, Folding Rigid IBCs), Material Type (Metal, Plastic, Others), Design (Light-Duty Container, Medium-Duty Container, Heavy-Duty Container),Sales (Direct, Indirect), End-Use (Automobile, Chemicals, Pharmaceuticals, Agriculture, Food and Beverages, Shipping, Other), 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 2027 Collapsible rigid containers market will reach an estimated valuation of USD 2.10 billion by 2027, while registering this growth at a rate of 4.95% for the forecast period of 2020 to 2027. Collapsible rigid containers market report analyses the growth, which is currently growing due to their higher operational performance along with cost effective solutions.
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Collapsible Rigid Containers Market Country Level Analysis
Collapsible rigid containers market is analyzed and market size, volume information is provided by country, product, material type, design, sales and end-use as referenced above.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The countries covered in the collapsible rigid containers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. Asia-Pacific dominates the Collapsible rigid containers market due to prevalence of many industries such as chemicals & pharmaceuticals, consumer durable and food & beverages, rising urbanization in India and China will help to boost the market growth.
Global Collapsible Rigid Containers Market Scope and Market Size:
Collapsible rigid containers market is segmented of the basis of product, material type, design, sales and end-use. 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, collapsible rigid containers market is segmented into pallet boxes, crates, folding rigid Bison the basis of material type, collapsible rigid containers market is segmented into metal, plastic and others. On the basis of design, collapsible rigid containers market is segmented into light-duty container, medium-duty container, and heavy-duty container. Based on sales, collapsible rigid containers market is segmented into direct and indirect. Collapsible rigid containers market is segmented in terms of market value, volume, market opportunities and niches into multiple end-uses. The end-use segment for collapsible rigid containers market include automobile, chemicals, pharmaceuticals, agriculture, food and beverages, shipping, other.
The major players covered in the collapsible rigid containers market report are SSI Schaefer Ltd, Warehouse Rack & Shelf LLC., Custom Equipment Company, DS Smith Plc, ORBIS Corporation, Dynawest Ltd, Rehrig Pacific Company, Bulk Handling Australia., Arena Products, Inc., Dalian Cimc Logistics Equipment Co.,Ltd, Georg Utz Holding AG, WALTHER Faltsysteme GmbH, Steel King Industries, Inc, bekuplast GmbH, GEBHARDT Fördertechnik GmbH., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
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Plastic Rigid IBC Market Potential Growth, Competitive Landscape And Development By 2026
Introduction of Plastic Rigid IBC Market :
Plastic Rigid IBC Market size was valued at US$ 2600.5 Mn in 2019 and the total revenue is expected to grow at 6.2% through 2020 to 2026, reaching nearly US$ 2958.2 Mn in the forecast period.
Maximize Market Research report is a user-based library of a Plastic Rigid IBC Market report database, delivers comprehensive reports with a detailed analysis of changing market trends, key segments, top investment organisations, value chain, regional landscape, and competitive scenario.
Each and every insights presented in the reports published by expert group of Maximize Market Research, which is derived from primary interviews with top officials from leading companies of the domain concerned. Report’s secondary data research methodology includes deep online and offline research and discussion with expert professionals and analysts in the industry. In report, Plastic Rigid IBC Market reports, industry trends have been explained on the macro level, which is expected to help to finding outline market landscape and probable future issues.
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COVID-19 Impact on Plastic Rigid IBC Market :
The report has identified detailed impact of COVID-19 on Plastic Rigid IBC Market in regions such as North America, Asia Pacific, Middle-East, Europe, and South America. The report provides Comprehensive analysis on alternatives, difficult conditions, and difficult scenarios of Plastic Rigid IBC Market during this crisis. The report briefly elaborates the advantages as well as the difficulties in terms of finance and market growth attained during the COVID-19. In addition, report offers a set of concepts, which is expected to aid readers in deciding and planning a strategy for their business.
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Plastic Rigid IBC Market Segmentation:
Plastic Rigid IBC Market size is studied using various approaches and analyses in this research report to provide reliable and in-depth information about the industry. It is segmented into numerous segments to cover various aspects of the market for a better understanding.
Plastic Rigid IBC Market Regional Insights:
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
North America (the United States, Mexico, and Canada.)
South America (Brazil etc.)
The Middle East and Africa (GCC Countries and Egypt.)
Key players:
The research report includes the current Plastic Rigid IBC Market size of the market and its growth rates based on 5-year statistics and records with company summary of Key players:
• Schutz Container Systems (US) • Greif, Inc. (US) • Maschiopack GmbH (Germany) • SCHÜTZ GmbH & Co. KGaA (US) • Bulk Handling Australia (Australia) • ZIBO JIELIN PLASTIC PIPE MANUFACTURE CO., LTD (China) • WERIT Kunststoffwerke W. Schneider GmbH & Co.KG (Germany) • Snyder Industries, Inc. (US) • Sintex Industries (India) • Hoover Ferguson Group, Inc. (US) • Jielin, Maschiopack GmbH • Greif, Inc. • Snyder Industries • WERIT.
Prime Reasons to purchase a Plastic Rigid IBC Market research report:
The goal of this research report is to help consumers to gain a more information and clearer understanding of the industry. The Plastic Rigid IBC Market growth analysis includes development trends, competitive landscape analysis, investment plan, business strategy, opportunity, and key regions development status for international markets.
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A comprehensive list of major market players in the global Temperature Sensor industry.
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Figures, charts, graphs, and illustrations are used to clearly describe the market.
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Medical Foam Market Scope & Future Growth Forecast To 2028
The Global Medical Foam Market Report contains essential details of the industry, intended to help the customers identify the optimum approaches to get ahead in the market and make well-informed decisions. An extensive overview of the global sector included in the report examines vital market information to forecast the growth of the market in the forecast duration. The CAGR of the market for the coming years to 2028 has been estimated based on a detailed assessment of the market with authentic and relevant information pertaining to the different segments of the sector. The driving and restraining factors prevailing in the industry have been studied to predict their impact on the growth of the Medical Foam market in the coming years.
Medical Foam Market Size – USD 23.85 Billion in 2020, Market Growth – at a CAGR of 7.3%, Market Trends – Rising demand for advanced wound care products Top Companies Profiled in the Report:
The Dow Chemical Company, Sekisui Chemical Co., LTD., Huntsman Corporation, Trelleborg AB, BASF SE, Recticel NV, INOAC Corporation, UFP Technologies, Inc., FXI HOLDINGS, INC., and ARMACELL INTERNATIONAL S.A. Receive a sample copy of the Medical Foam market report, visit @ https://www.reportsanddata.com/sample-enquiry-form/4180
Global Medical Foam Market: Report Highlights
A comprehensive overview of the global Medical Foam market
Rapidly changing dynamics of the Medical Foam market
Detailed information about the key factors influencing market growth
Segmentation of the Medical Foam market
Historical, present, and projected Medical Foam market in terms of volume and value
Regional landscape of the Medical Foam market
Competitive landscape of the Medical Foam market
Growth strategies adopted by key players, such as mergers & acquisitions and new product launches
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Global Plastic Rigid IBC Market Industry, Analysis, Research, Share, Growth, Sales, Trends, Forecast by 2030
Global Plastic Rigid IBC Market Industry, Analysis, Research, Share, Growth, Sales, Trends, Forecast by 2030
The Plastic Rigid IBC Market Report brings together a brief picture of the contenders in industry share, market share, market size in value and volume, distribution channel, and geographic spectrum along with revenue forecasts from the industry landscape. industry. The report is also an up-to-date benchmark of all major developments in the Plastic Rigid IBC market in terms of major mergers and…
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Plastic Rigid IBC Market Business Revenue, Future Scope, Market Trends, Key Players and Forecast to 2023
Key Players
The prominent players in the Plastic Rigid IBC Market Schutz Container Systems (US), Greif, Inc. (US), Maschiopack GmbH (Germany), SCHÜTZ GmbH & Co. KGaA (US), Bulk Handling Australia (Australia), ZIBO JIELIN PLASTIC PIPE MANUFACTURE CO., LTD (China), WERIT Kunststoffwerke W. Schneider GmbH & Co.KG (Germany), Snyder Industries, Inc. (US), Sintex Industries (India), Hoover Ferguson Group, Inc. (US) among others.
Scope of the Report
This study provides an overview of the global plastic rigid IBC market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global plastic rigid IBC market by material, by capacity, by end use, and by region.
Segmentation
For the purpose of analysis, the global plastic rigid IBC market has been divided on the basis of four segments: material, capacity, end use, and region. On the basis of material, the market has been segmented into HDPE, LDPE, LLDPE, PVC and others. Under the material segment, HDPE accounts for the largest market share. HDPE IBC containers are preferred due to their extensive flexibility and cost effectiveness.
On the basis of end-use, the market has been segmented as industrial chemicals, petroleum & lubricants, food & beverages, paints inks dyes, pharmaceuticals, and others. Food & beverages dominates the end-use segment and is expected to grow at a highest CAGR during the forecast period. Rise in demand for plastic rigid IBC containers across the food & beverage segment, attributed to growing demand for storage and transportation of bulk food products and various beverages across long distances from the manufacturing units. Petroleum & Lubricants segment is also expected to contribute significantly during the forecast period mainly due to increase in automobile sales.
Hence, the global plastic rigid IBC market is expected to grow at a CAGR of 5.8% during the forecast period.
Intended Audience
End-Users
Government Associations
Research Institutes
Distribution vendors
Technology Innovators
Manufacturers
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GCC LUBRICANT PACKAGING MARKET ANALYSIS
GCC Lubricant Packaging Market, By Packaging Type (Stand UP Pouches, Bottles, Drums, Pails, Cans, Tubes, Kegs, Bag in Box, IBC), By Lubricant Type (Engine Oil, T & H Fluid, Process Oil, Metal Working Fluid, Industrial Oil, Gear Oil, Greases), By Material Type (Metal (Steel, Tin), Plastic (Polyethylene (Low-density polyethylene (LDPE), High-density polyethylene (HDPE))), Polyvinyl Chloride(PVC), Polyamide (PA), Polypropylene (PP), Polystyrene (PS)), By End-use (Automotive, Metalworking, Oil & Gas, Power Generation, Machine industry, Chemicals, Other Manufacturing), and By Region (Kingdom of Saudi Arabia (K.S.A), United Arab Emirates (U.A.E), Kuwait, Qatar, Bahrain, Oman) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027
GCC Lubricant Packaging Market 2017–2027
Lubricant packaging is basically used to store the lubricants which helps them to retain their properties for the specific time period. Plastic is a highly preferred material for the packaging of lubricants since they are cost-effective and durable. For example, cans, drums, and pails are produced by using polystyrene, high-density polyethylene, and polyethylene terephthalate. These materials have high strength, lightweight, and can be produced in any desired shapes and sizes. Engine oil, process oil, metal-working fluid, gear oil, transmission and hydraulic fluid, general industrial oil, and greases are some of the types of lubricants. Automotive, machine industry, oil & gas, power generation, metalworking, and chemicals are some of the major end-user of lubricants.
The GCC lubricant packaging market is projected to reach around US$ 231.7 Million by the end of 2027, in terms of revenue, growing at CAGR of 3.3% during the forecast period (2019-2027).
Drivers
The growing demand for luxury cars in the GCC region due to an increase in per capita income is expected to propel the growth of GCC lubricant packaging. According to the Coherent Market Insights analysis, the passenger and commercial vehicle segments are projected to witness CAGRs of more than 7% and 4% respectively, which indicates strong growth in the automobile industry across the GCC. Hence, the rising demand for luxury vehicles in the region is propelling market growth over the forecast period.
Lubricant finds multidimensional application in the construction industry and in the recent few years, GCC countries have increased their spending on the development of infrastructure which is expected to propel the market growth. According to the report published by Forbes in October 2018, Gulf Cooperation Council (GCC) countries are investing heavily in state-of-the-art labs, university buildings, and research facilities, with their total capital expenditure from 2010 to 2030 will reach US$38.4 billion.
On basis of the region, Kingdom of Saudi Arabia (KSA) dominated the GCC lubricant packaging market in 2018, accounting for 49.6% share in terms of volume, followed by United Arab Emirates (UAE) and Kuwait.
Figure 1. GCC Lubricant Packaging Market, Revenue Share (%), By Country, 2018
Market Restraints
Fluctuating prices of petrochemical feedstock which are used to produce lubricants are expected to hinder the growth of the GCC lubricant packaging market over the forecast period. Derivatives of petrochemicals are used in the manufacturing of lubricants and volatile prices of these raw materials are expected to hamper the production of lubricants, which in turn restraining the market growth.
Growing environmental concerns due to the usage of plastic packaging materials as these plastic materials are creating pollutions and other negative impacts on the environment as well as human health are projected to curb the market growth. Plastic packaging products are the highly preferred choice of materials among manufacturers as they are inexpensive and highly durable. However, they have few challenges as they pose a threat to the environment and this is hindering the market growth.
Market Opportunities
Rising leasing of lubricant packaging to small & medium players steel and metal industries in the GCC region is projected to offer immense growth opportunity to the market of lubricant packaging. In order to reduce costs and prevent wastage, SMEs preferred to lease a small number of lubricants from big manufacturer. This is expected to offer an opportunity to the large manufacturer to capitalize on this to serve the need of the customer.
Increasing demand for pouches and tubes for packaging of small quantities of lubricants is projected to propel the growth of GCC lubricant packaging market. Pouches and tubes are used for storing automotive fuels such as engine oil, process oil, and other industrial oil. Hence, rising demand for small packaging solutions such as pouches and tubes will favor market growth over the forecast period.
Figure 2. GCC Lubricant Packaging Market– Opportunity Analysis
Market Trends
The growing adoption of bag-in-boxes for lubricant packaging is projected to augment the market growth over the forecast period. Bag-in-boxes are environmentally friendly packaging solutions as they reduce overall packaging cost and environmental impact. They are easy to use compared to traditional bottle packaging. Bag-in-boxes packaging solutions are gaining huge demand on the account of the aforementioned advantages.
The rising focus of manufacturers to launch innovative lubricant packaging solutions such as flexible lubricant packaging is a major trend that has been observed in the GCC lubricant packaging market. Flexible packaging minimizes plastic wastage and improves efficiency in palletization. A flexible packaging solution is also effective during transportation. Flexible packaging is the best alternative of rigid packaging and this is expected to foster the market growth of GCC lubricant packaging.
Figure 3. GCC Lubricant Packaging Market, Revenue Share (%), By Application, in 2018
On the basis of lubricant type, in 2018, engine oil segment has accounted the largest market share of 35.3% in terms of value, followed by the industrial oil and metal working fluid.
Figure 4. GCC Lubricant Packaging Market – Value Chain Analysis
Competitive Section:
Key players operating in GCC lubricant packaging market are Pampa Industries International (Corp), Siddco Plastics Industries Ltd, Neelkamal Plastics Factory LLC, Eterna Plastics, First Press Plastic Moulders, Mold-Tek Packaging Ltd, Rising Plastics Industry LLC, National Plastic Factory, and DUPLAS AL SHARQ L.L.C and key players operating in KSA region are Saudi Can Manufacturing Company Ltd, Saudi Plastic Factory, Zamil Plastics Industries Ltd, Al Watania Plastics, and Arabian Gulf Manufacturers Ltd.
Few Recent Developments
Duplas Al Sharq LLC
· In April 2015, DUPLAS AL SHARQ partnered with Closure Systems in order to enhance its plastic closure segment
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Industrial Packaging Market 2020-2026 Market Share, Growth Trends and Forecast
The rise of wearable technology and increasing interest in smart gadgets are leading to a growth in the electronics market which in turn, is creating demand in the global industrial packaging market. Another market that is leading to growth in industrial packaging market is pharmaceuticals. With new medicines hitting the market and more yet to hit the market (10 major drugs lost patent in 2018, few more are up for expiration over the coming years). To add to this are new players entering the generic market. Besides there is an increase in the incidence of chronic diseases expecting. This again would create demand for suitable industrial packaging.
As per a Transparency Market Research report, these factors would contribute to the growth in Global Industrial Packaging Market at CAGR of 4.1% CAGR during 2016-2024, taking the market worth to an impressive USD 73.25 bn.
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Competition to Intensify
The already fragmented global industrial packaging market is set to witness new players entering the landscape, making it more competitive. Prominent players include Smurfit Kappa Group PLC, Cascades Inc., Sonoco Product Co., International Paper Co., and Greif Inc. To maintain a firm grasp on market share, most players resort to strategic partnerships and collaborations.
North America to Dominate Growth
As per TMR’s report, while the North American region will experience notable growth owing to great technological advancement in packaging technique and automation, it will forego some of its manufacturing advantage to the Asia Pacific (APAC) region due to Vietnam, India and China upping the ante. Few other factors that would work in the favour of APAC are low labor costs and increasing industrialization. Rise in OEM and drug production in the countries of this region will fuel growth further. Besides, there is much scope for foreign direct investments encouraged by governments such as that in India. However, United States will continue leading the market in terms of manufacturing.
Prominent Opportunities of Growth in Plastic Industrial Packaging Segment
Development in technology along with increase in investment in research and development across sectors such as chemicals, pharmaceutical, construction and electronics will lead to increased demand for industrial packaging material. Construction output alone is expected to grow by a stellar 85% by 2030. The market value for this sector is supposed to reach USD 15.5 trillion by the end of the said period. About 57% of this share will belong to China, US and India. By the end of 2024, consumer electronics market is expected to reach to USD 1700 bn (approx.).
As per IQVIA Institute for Human Data Science, pharma spending is set to reach a USD 1.5 trillion by 2023. Against this backdrop, industrial packaging market will be seeing demand for durable, weather resistant and extremely safe packaging. One of the segments it will boost therefore is that of plastic packaging. With the introduction of bioplastics, the segment will flourish.
Interactive Packaging Solutions to Expand Consumer Base
The packaging solution developed by Contantia Flexible allows the user to use smartphones to know more about a product. This acts a wow factor to the packaging and allows for a high level consumer engagement. This is changing the way the market operated prior. The use of digital content, whether it be videos or augmented reality keeps customers hooked, thereby, keeping businesses interested. This is all set to be the next gen packaging solution.
The information presented in this review is based on a Transparency Market Research report, titled, “Industrial Packaging Market (Materials – Metal, Plastic Paper, and Wood; Products – Drums, IBCs, Sacks, Pails, Crates, Tubes, and Bulk Boxes; Packaging – Rigid and Flexible; End Users – Agriculture And Horticulture, Automotive, Building & Construction, Chemicals And Pharmaceuticals, Engineering, Food & Beverages, Metal Products, Oil & Lubricants, Plastics And Rubber, Furniture, Electronics, and Tobacco) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”
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Key Segments of the Global Industrial Packaging Market
Material
Metal
Plastic
Paper and Wood
Fiber
Product
Drums
IBCs
Sacks
Pails
Crates
Bulk Boxes
Packaging
Rigid
Flexible
End User
Agriculture and Horticulture
Automotive
Building and Construction
Chemicals and Pharmaceuticals
Engineering
Food and Beverages
Metal Products
Oil and Lubricants
Plastics and Rubber
Electronics
Tobacco
Region
North America
Latin America (LATAM)
Asia Pacific Excluding Japan (APEJ)
Europe
Middle East and Africa (MEA)
U.S.
Canada
Mexico
Brazil
Argentina
Rest of LATAM
China
India
ASEAN
ANZ
Rest of APEJ
Germany
Spain
Italy
France
U.K.
Nordic Countries
Russia
Rest of Europe
GCC
North Africa
South Africa
Rest of MEA
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