NEW YORK, Oct. 2, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The Global Rigid Bulk Packaging Market in Europe size is estimated to grow by USD 729.6 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.8% during the forecast period. Growing wine production and consumption in Europe is driving market growth, with a trend towards rising number of free trade agreements in Europe. However, fluctuating raw material prices poses a challenge - Key market players include Albea Services SAS, Amcor Plc, Berry 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.
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Forecast period 2024-2028 Base Year 2023 Historic Data - Segment Covered Material (Plastic, Metal, Wood, and Others), Product (Pails, Drums, and Others), and Geography (Europe) Region Covered Europe 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
Key Market Trends Fueling Growth
The European rigid bulk packaging market is experiencing steady growth due to increasing demand from various end-use industries such as food, chemicals, and pharmaceuticals. Key players in this market include Amcor, Ball Corporation, and Schoeller Allibert. These companies focus on innovation and sustainability, offering solutions like reusable containers and lightweight packaging to reduce environmental impact. Regulations, such as the European Packaging and Packaging Waste Directive, further drive the market towards more sustainable packaging solutions.
The Rigid Bulk Packaging Market in Europe is experiencing significant growth due to trends in manufacturing and construction sectors. Trade agreements, imports, and exports are driving demand for packaging solutions in these industries. An aging population and new medical products require safe and cost-effective packaging solutions, leading to increased spending in the access to medicinal sector. Emerging economies and growing populations in Europe contribute to rising disposable incomes and consumer spending on prepared foods and ingredients. Materials like plastic (High-Density Polyethylene, Polypropylene), metal (steel), and wood remain popular for rigid bulk packaging. Sustainable and recycling packaging trends are gaining traction, with high demand for IBCs (Intermediate Bulk Containers) in the chemical and petrochemical sectors. Logistics costs, bill of materials, and supply chain efficiency are key considerations. Product safety and cost-effectiveness are essential factors, with corrosion-resistant containers being a priority. Construction activity continues to fuel demand for packaging transport materials. Overall, the market is expected to remain strong, with a focus on innovation and efficiency.
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Market Challenges
The European Rigid Bulk Packaging market is experiencing steady growth due to increasing demand for efficient and cost-effective packaging solutions in various industries. Key players in this market include Amcor, Schoeller Allibert, and DS Smith. These companies focus on innovation and sustainability, offering recyclable and reusable packaging solutions to meet customer needs. Market trends include the use of lightweight materials and automation in manufacturing processes. Regulations regarding waste management and environmental sustainability also influence market growth. Overall, the European Rigid Bulk Packaging market is expected to continue expanding in the coming years.
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Segment Overview
This rigid bulk packaging market in Europe report extensively covers market segmentation by
Material
1.1 Plastic
1.2 Metal
1.3 Wood
1.4 Others
Product
2.1 Pails
2.2 Drums
2.3 Others
Geography
3.1 Europe
1.1 Plastic- The European rigid bulk packaging market encompasses a substantial plastic materials segment. Rigid bulk packaging refers to large containers used for transporting and storing commodities in bulk. Plastic, due to its strength, adaptability, and affordability, is a preferred material for such applications. It offers superior protection, high load-bearing capacity, and resistance to UV rays, chemicals, and moisture. Key industries, including chemicals, food and beverage, pharmaceuticals, automotive, and construction, are major consumers of rigid plastic bulk packaging in Europe. The chemical sector, in particular, relies heavily on plastic containers for transporting and storing chemicals, with pallets, IBCs, and drums being commonly used. The food and beverage industry utilizes plastic buckets, bulk containers, and IBCs for storage and transportation. Pharmaceutical companies opt for plastic drums, jerry cans, and plastic bottles for maintaining product quality and safety. In the automotive sector, plastic pallets, bins, and containers are used for transporting diverse parts and components. The construction industry employs plastic pallets, jumbo bags, and bulk plastic bags for transporting and storing building materials. The plastic segment's growth is fueled by the demands of these industries, driving the expansion of the rigid bulk packaging market in Europe.
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Research Analysis
The Rigid Bulk Packaging Market in Europe is witnessing significant growth due to the increasing demand for sustainable and recycling packaging solutions in various industries. Construction activity, food and beverage, and manufacturing industries are major consumers of rigid bulk packaging, with logistics costs being a key consideration. The bill of materials and supply chain management are crucial factors influencing the market. Packaging wastage is a concern, leading to the adoption of reusable IBCs (Intermediate Bulk Containers) in the chemical and petrochemical sectors. Product safety, fuel commodities, and export are other significant drivers. The European Union's focus on reducing carbon emissions and promoting circular economy is driving the market towards returnable bulk packaging. The automotive sector, medical equipment, and petroleum products are also key end-users. The market size is influenced by Europe's GDP, crude oil reserves, and the Energy Information Administration's reports. Market concentration is moderate, with several players competing based on product quality, innovation, and cost-effectiveness.
Market Research Overview
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Material
Plastic
Metal
Wood
Others
Product
Pails
Drums
Others
Geography
Europe
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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