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The rigid bulk packaging market in Europe size is forecast to increase by USD 729.6 million at a CAGR of 4.8% between 2023 and 2028. The market is experiencing significant growth, driven by several key factors. One of the primary growth drivers is the increasing wine production and consumption in Europe, which necessitates larger and more efficient packaging solutions. Additionally, the rising number of free trade agreements within Europe is expanding market opportunities for rigid bulk packaging providers. However, the market is not without challenges. Fluctuating raw material prices pose a significant threat to market stability, as do increasing environmental regulations and the need for sustainable packaging solutions. To remain competitive, market players must continually innovate and adapt to these changing market dynamics. Overall, the market is poised for continued growth, fueled by increasing demand and a shifting regulatory landscape.
The market is witnessing significant growth due to the increasing demand for sustainable and recycling packaging solutions in various industries. Construction activity, food processing, and manufacturing industries are the major consumers of rigid bulk packaging in Europe. The use of IBCs (Intermediate Bulk Containers) is prevalent in the chemical and petrochemical sectors for transporting and storing fuel commodities. Logistics costs and bill of materials are crucial factors influencing the market growth. Reusability and returnable bulk packaging are gaining popularity due to their cost-effectiveness and environmental benefits. Product safety is a significant concern in the market, leading to the adoption of advanced technologies for ensuring the safety of packaged goods.
Also, the European Union's focus on reducing packaging wastage and promoting circular economy is driving the market growth. The automotive sector and medical equipment industries are also significant consumers of rigid bulk packaging. The European economy's growth, as indicated by the GDP, and the availability of crude oil reserves, as reported by the EIA, are expected to boost the market's growth. The market is moderately concentrated, with key players including Schoeller Allibert, SCA Packaging, and Greif, among others.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The Plastic segment is estimated to witness significant growth during the forecast period.In Europe, the rigid bulk packaging market encompasses a significant segment of plastic materials. This market refers to large-scale containers or packaging solutions designed for the transportation and storage of commodities in bulk. Plastic, with its high strength, adaptability, and affordability, is a popular choice for rigid bulk packaging applications. It offers superior protection to packaged items, boasts a high load-bearing capacity, and can withstand challenging storage and transport conditions. Moreover, plastic packaging provides exceptional resistance to UV rays, chemicals, and moisture. Key industries, such as chemicals, food and beverages, pharmaceuticals, automotive, and construction, are the primary consumers and growth drivers for rigid plastic bulk packaging in Europe.
Further, Urbanization and developing economies, along with manufacturing, trade agreements, imports, exports, an aging population, new medical products, and rising consumer spending, further fuel the demand for this type of packaging. Materials like high-density polyethylene, polypropylene, metal, wood, and plastic are commonly used in the production of rigid bulk packaging for various applications. Perishable and sensitive products, such as prepared foods, ingredients, and pharmaceuticals, require high-quality, leak-proof, and contamination-resistant packaging solutions, making rigid bulk packaging an essential component in these sectors.
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The plastic segment was valued at USD 951.00 million in 2018 and showed a gradual increase during the forecast period.
Our market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing wine production and consumption in Europe is the key driver of the market. The European Rigid Bulk Packaging Market encompasses various types of packaging solutions, including steel pails, drums, and boxes. These packaging solutions cater to diverse industries such as food and beverages, chemicals, and pharmaceuticals. Steel pails, known for their durability and resistance to corrosion, are widely used in the storage and transportation of chemicals and other industrial products.
Similarly, drums, available in various sizes and materials, are commonly used for storing and transporting liquids in industries like food and beverages and chemicals. Boxes, made of materials like wood, plastic, or corrugated cardboard, offer flexibility in size and shape and are used for packaging a wide range of products. The demand for these packaging solutions is driven by factors such as increasing industrial production and the need for safe and efficient transportation and storage solutions.
The rising number of free trade agreements in Europe is the upcoming trend in the market. The European Rigid Bulk Packaging Market is primarily driven by the demand for steel pails, drums, and boxes in various industries such as chemicals, food and beverages, and pharmaceuticals. Steel pails and drums are widely used due to their durability and ability to withstand harsh conditions during transportation and storage. These packaging solutions offer advantages such as ease of handling, stackability, and protection against external factors.
Additionally, rigid boxes are gaining popularity for their high-end appeal and ability to ensure product safety during transit. The market is expected to grow steadily due to the increasing demand for secure and efficient packaging solutions across various end-use sectors.
The fluctuating raw material prices is a key challenge affecting the market growth. The European Rigid Bulk Packaging Market encompasses various types of packaging solutions, including steel pails, drums, and boxes. Steel pails are widely used due to their durability and resistance to corrosion, making them suitable for storing and transporting chemicals and other heavy-duty products.
However, drums, another popular choice, offer a large capacity and are commonly used in the food, pharmaceutical, and industrial sectors. Boxes, on the other hand, provide flexibility in terms of size and shape and are utilized for a wide range of applications, from food and beverages to industrial goods. Overall, rigid bulk packaging plays a crucial role in ensuring product safety, security, and efficiency in the European market.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Albea Services SAS: The company offers rigid bulk packaging application such as skin care products, which includes NGRT green, ella bottle, novaprint and many more.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the increasing demand for sustainable and recycling packaging solutions in various sectors. Construction activity, food and beverage, chemicals, petrochemicals, oil, lubricants, fuel commodities, and export industries are the major contributors to this market. The use of rigid bulk packaging transport materials in these industries helps reduce logistics costs and optimize supply chain management. The European Union's focus on reducing packaging wastage and promoting reusability is driving the demand for returnable bulk containers, particularly in the chemical sector. IBCs (Intermediate Bulk Containers) are popular choices for transporting both hazardous and non-hazardous liquids due to their cost-effectiveness and corrosion-resistant properties.
In conclusion, the market is concentrated with key players like Amcor Limited focusing on partnership strategies, value proposition, and catering to the needs of shareholders, customers, and employees. The market growth is influenced by the GDP, EUR exchange rates, and crude oil reserves. The EIA reports indicate a positive outlook for the market, with the automotive sector, manufacturing industries, medical equipment, and petroleum products being significant end-users.
Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.8% |
Market growth 2024-2028 |
USD 729.6 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.12 |
Key companies profiled |
Albea Services SAS, Amcor Plc, Berry Global Inc., Brambles Ltd., Constantia Flexibles Group GmbH, Coveris Management GmbH, Crown Holdings Inc., DS Smith Plc, Greiner AG, Huhtamaki Oyj, KP Holding GmbH and Co. KG, Nefab AB, Plastipak Holdings Inc., Quadpack Industries SA, Saccheria Piave Srl, Sealed Air Corp., Smurfit Kappa Group, Sonoco Products Co., and Stora Enso Oyj |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast , fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this market research report to meet your requirements Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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