LONDON, Feb. 27, 2017 /PRNewswire/ -- US Industry Study with Forecasts for 2020 & 2025
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With advances driven by trends favoring reusable packaging and expected gains in chemical and pharmaceutical output, US demand for rigid bulk packaging is expected to increase 3.1 percent per year to $7.2 billion in 2020. Users are looking for packaging solutions that reduce costs, increase efficiency, and promote sustainability efforts, so many are opting for containers with longer lives or low-cost options that use environmentally friendly materials. Find out more about the market potential for rigid bulk packaging in the US in Freedonia's new study.
This study will answer questions such as:
- What is the outlook for rigid bulk packaging in each of the major markets?
- Which materials have the greatest opportunities for growth?
- How will renting, pooling, and resale efforts affect demand for reusable systems?
Description
US demand for rigid bulk packaging is expected to show solid growth through 2020, driven by an expansion in chemical and pharmaceutical output as well as trends favoring high-value reusable systems. Products such as rigid intermediate bulk containers (RIBCs) will post above- average gains, though advances will slow due to competition from cheaper alternatives. Bulk boxes, with their low cost and widespread usage in packaging plastic, rubber and fiber goods, will also register fast growth.
Pails & drums hold largest share
Pails and drums will hold the largest share of rigid bulk packaging demand. Pails benefit from their ability to be used with a wide range of mid-sized applications, such as paints and coatings and food and beverages. Drums will also continue to be a critical product for the packaging of larger sized loads, though growth will be mitigated by the popularity of RIBCS, which are large-capacity containers with greater space efficiency.
Storage & handling advantages drive growth for RIBCs
RIBCs will post the fastest growth through 2020, primarily due to their storage and handling advantages as well as their well-established reconditioning infrastructure. Because new RIBCs are expensive, many suppliers offer used RIBCs or pooling services to their customers as a way to lower the initial investment required. Resale and pooling practices are also common for plastic and steel material handling containers. However, these practices will restrain the need for new RIBCs and material handling containers, resulting in slower demand growth.
Chemical & pharmaceutical industries utilize rigid packaging
The largest market for rigid bulk packaging is chemicals and pharmaceuticals, holding over 40 percent of total demand. Rigid containers are used extensively in the packaging of chemicals due to the high concentration of liquid products. This characteristic makes it less likely for rigid packaging to lose ground to lower cost flexible alternatives, a factor which is affecting many other markets. Particularly strong opportunities are also expected for plastic, rubber, and fiber goods.
Study coverage
This study analyzes the US rigid bulk packaging market. It presents historical demand data (2005, 2010 and 2015) plus forecasts (2020 and 2025) by material, product (pails, drums, bulk boxes, material handling containers, RIBCs), and market (chemicals and pharmaceuticals; food and beverages; durable goods; agricultural and horticultural products; petroleum and lubricants; plastic, rubber and fiber; and other). In addition, the study considers market environment factors, examines the industry structure, and analyzes company market share.
Download the full report: https://www.reportbuyer.com/product/4708279/
About Reportbuyer
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For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com
SOURCE ReportBuyer
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