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According to research report rigid bulk packaging market in Europe will witness a growth of 1.29 % at a CAGR of 1.63 which is expected to increase by USD 829.54million.
This rigid bulk packaging market in Europe research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers rigid bulk packaging market segmentation in Europe by product (drums, pails, and others) and geography (Western Europe and Eastern Europe). The rigid bulk packaging market in Europe report also offers information on several market vendors, including Amcor Plc, Berry Global Group Inc., Brambles Ltd., Crown Holdings Inc., DS Smith Plc, Greiner AG, KP Holding GmbH and Co. KG, MININI S.p.A. a socio unico, Nefab AB, and Saccheria Piave Srl among others.
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Based on our research output, there has been a positive impact on the market growth during and post-COVID-19 era. The growing wine production and consumption in Europe is notably driving the rigid bulk packaging market in Europe growth, although factors such as fluctuating raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the rigid bulk packaging industry in Europe. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Rigid Bulk Packaging Market Driver in Europe
The growing wine production and consumption in Europe will fuel the growth of the rigid bulk packaging market growth in Europe. Europe is the world's largest manufacturer and exporter of wine. The growing wine production, consumption, and export will increase the demand for cost-effective and safe transportation facilities. Wine manufacturers in Europe prefer rigid bulk packaging for wine transportation, as it allows twice the quantity of shipment compared with individual unit shipments. Furthermore, bulk rigid packaging ensures higher shipment safety than flexible bulk transportation. The adoption of rigid bulk packaging by wine manufacturers also helps them to reduce emissions associated with transportation because a larger quantity can be transported at one time, thus reducing the carbon emissions from transportation.
Key Rigid Bulk Packaging Market Challenge in Europe
The fluctuating raw material prices will be a major challenge for the rigid bulk packaging market in Europe during the forecast period. The common raw materials used in the rigid bulk packaging industry are plastic, paper, Board, and steel. The cost of these raw materials is one of the vital factors that determine the cost of the end products. Thus, the fluctuation in raw material prices is a major challenge faced by vendors operating in the rigid bulk packaging market in Europe. The widening demand-supply disparity in the availability of these raw materials in the last few years has led to a considerable increase in their prices. The primary raw materials used by rigid bulk packaging companies are polymer resins and monomers such as polyethene, polypropylene, and polyvinyl carbonates. Polymers are derived from crude oil and natural gas. Thus, any fluctuations in global crude oil prices will have a direct effect on the manufacturing cost of packaging companies.
This rigid bulk packaging market in Europe analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the rigid bulk packaging market in Europe during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the rigid bulk packaging market in Europe encompasses successful business strategies deployed by the key vendors. The rigid bulk packaging market in Europe is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Amcor Plc - The company offers Shield Pack high-barrier foil boxes and drum liners for rigid bulk packaging.
Amcor Plc - The flexible segment includes the development and supply of flexible packaging globally. This segment is the largest supplier of plastic, aluminium, and fibre-based flexible packaging.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The rigid bulk packaging market in Europe forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our In-house experts produce extensive information on the value chain, and parent market of rigid bulk packaging market in Europe which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
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70% of the market’s growth will originate from Western Europe during the forecast period. Germany and France are the key markets for rigid bulk packaging in Europe in Western Europe. Market growth in this region will be slower than the growth of the market in the Eastern European regions.
The growing motor vehicle production and consumption will increase the demand for paint and lubricants, which, in turn, is expected to stimulate the demand for paint and lubricant bulk packaging products such as pails and drums in Western Europe. This will facilitate the rigid bulk packaging market growth in Western Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 affected all countries in Western Europe, especially the UK and Switzerland. A rise in the number of COVID-19 cases, owing to the second wave of the outbreak in early 2021, led to partial lockdowns in several countries in this region, which affected the growth of the rigid bulk packaging market. However, the market's growth is expected to stabilize during the latter part of the forecast period as vaccination drives and economic recovery are likely to promote the growth of the construction industry, which will further enhance the market growth of regional rigid bulk packaging in the forecast timeframe.
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The rigid bulk packaging market share growth in Europe by the drums segment will be significant during the forecast period. The major demand for this segment stems from the chemical industry, especially the and petrochemical industry. Lubricants and bitumen are the key petrochemicals that are bulk packed using drums. The lubricants market was among a few markets that recovered quickly after the global recession in 2008. The lubricant market in Europe has been growing since 2010, owing to rising demand from the automobile and manufacturing sectors.
This report provides an accurate prediction of the contribution of all the segments to the growth of the rigid bulk packaging market size in Europe and actionable market insights on post-COVID-19 impact on each segment.
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Rigid Bulk Packaging Market in Europe Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 1.63% |
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Market growth 2021-2025 |
$ 829.54 million |
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Market structure |
Fragmented |
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YoY growth (%) |
1.29 |
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Regional analysis |
Western Europe and Eastern Europe |
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Performing market contribution |
Western Europe at 70% |
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Key consumer countries |
Germany, Italy, France, the UK, and Spain |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Amcor Plc, Berry Global Group Inc., Brambles Ltd., Crown Holdings Inc., DS Smith Plc, Greiner AG, KP Holding GmbH and Co. KG, MININI S.p.A. a socio unico, Nefab AB, and Saccheria Piave Srl |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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