Growth in the US rigid bulk packaging market will total 3.3% annually through 2020 in value terms. Gains will be driven by the adoption of high value reusable systems and a good outlook for the chemicals and durable goods markets. Advances will be mitigated somewhat by competition from flexible alternatives and the durability of many containers in this market, which slows replacement demand.
This report segments the rigid bulk packaging industry by Product and Market. Data is provided in million US dollars and million units.
Rigid bulk packaging products include:
•Pails
•Drums
•Bulk Boxes
•Material Handling Containers
•Rigid Intermediate Bulk Containers
Pails will remain the largest of these through 2020. Fastest growth will be for rigid intermediate bulk containers, driven by their space efficiency and large volume capacity and the popularity of reusable systems.
Major rigid bulk packaging markets include:
•Chemicals & Pharmaceuticals
•Food & Beverages
•Durable Goods
•Plastic, Rubber, & Fiber
•Petroleum & Lubricants
•Agricultural & Horticultural
Chemicals and pharmaceuticals was the leading outlet in 2015. The most rapid gains through 2020 are forecast for the plastic, rubber, and fiber market, fueled by a better outlook for shipments of related products compared to the 2010-2015 period.
The US rigid bulk packaging market encompasses about 100 companies, ranging from small firms operating in a single segment to global players with broad industrial packaging product lines and related reconditioning and logistics services. Participants in this industry include Berry Plastics, BWAY, Greif, IPL Incorporated, Letica, MaschioPack North America, MAUSER, Menasha, Myers Industries, Rehrig Pacific Company, SCHÜTZ, and West Rock.