The North American rigid bulk packaging market was valued at USD 31.4 billion in 2024 and is expected to reach USD 35.39 billion by 2029, growing at a CAGR of 2.42% during the forecast period.
The North America rigid bulk packaging market is moderately competitive with the presence of major players like ORBIS Corporation, Greif Inc., Mondi PLC, BWAY Corporation, U.S. Coexcell Inc., and more in the market. Additionally, the other major players in the packaging market are adopting acquisition and partnership strategies to enter the market and grow their offerings.
In February 2023, Grieff Inc. introduced a rebrand of the circularity program for its industrial packaging products. Built on one of the industry's most robust sustainability programs, Greif's track record of helping customers achieve and exceed sustainability objectives aligns with the company's recently announced sustainability objectives for 2030, including a more comprehensive focus on the circular economy, greenhouse gas reduction, and diversity, equity and inclusion (DEI) initiatives.
In September 2022, TricorBraun, a key packaging based out of St. Louis, Missouri, the United States, inked an agreement to purchase Mark's Barrel Company's (MBC) industrial packaging business. According to SVP of Market Development, TricorBraun, working with MBC is an incredible chance to keep offering more sustainable solutions to the company's customers.
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