Rigid Industrial Packaging - ‘Recyclables’ Hold the Future

Increasing Innovations and Enhanced Safety to Reflect Promising Prospects for Rigid Industrial Packaging Market

  • 2019-07-26
  • REP-GB-10086
  • 38 Tables
  • 68 Figures
  • 198 pages
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 Rigid Industrial Packaging Market
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Rigid Industrial Packaging - Packed to Perfection

Consumers today enjoy products from a wide variety of locations across the globe which are delivered through an economically optimized and integrated logistics. Such system would be hardly possible without efficient and highly specialized packaging systems. Owing to rigorous packaging designs, the shipment of hazardous material no longer remains hazardous, and products ranging from chemicals to sensitive medicines can be safely stored and easily shipped. With rapid industrialization and advances in manufacturing, the packaging landscape continues to undergo significant transformation, and sturdy and effective packaging solutions designed for storage and transport of products continue to gather momentum.

The pressure of minimizing the environmental impact and intensify the focus on sustainability have been felt across the industry. Manufacturers are thus investing in novel technologies to lower their impact on the environment and add value to varied products. Future Market Insights, in its new study, turns the spotlight on ‘Rigid Industrial Packaging Market’ and offers projections on future trends, and how machines and materials used by manufacturers will help them stay ahead of the pack in the foreseeable future.

Rigid Industrial Packaging Market - Key Research Findings

global rigid industrial packaging market snapshot
  1. The global rigid industrial packaging market size estimated for 2019 is ~US$ 27 Bn.
  2. The rigid industrial packaging market is expected to grow at a CAGR of 4% during the forecast period 2019-2029.
  3. Growth of the chemical industry is expected to boost the demand for rigid industrial packaging.
  4. Collectively, East Asia and Europe are expected to account for 65% of the revenue share in the rigid industrial packaging industry, by the end of 2029.
    • East Asia, due to its strong intercontinental trade, will continue to be a prominent regional market for rigid industrial packaging manufacturers.
  5. The drums segment is expected to remain a prominent product type to invest in for rigid industrial packaging market players.
    • The food & beverages industry has witnessed significant growth over the last few years, and the increase in consumption of food additives, preservatives, and other ingredients in the packaged food industry to influence the demand during the forecast period.
    • Products such as pulp, flavoring agents, and other such ingredients in the beverages industry are stored in rigid industrial packaging solutions.

Key Factors Shaping the Rigid Industrial Packaging Market

Rigid Industrial Packaging to Gain Market Share during the Forecast Period

Growing industrialization is anticipated to boost the growth of the rigid industrial packaging market. The demand for chemicals and pharmaceuticals is increasing at a good pace and positively influencing the growth of the rigid industrial packaging market. Rigid industrial container manufacturers can capitalize on intercontinental trade for petrochemical, oil, and gas industries. The traditional containers market has undergone a paradigm shift and advanced containers such as rigid IBCs, composite drums, etc., are increasingly being used, which is creating more demand for various rigid industrial products in other end-use industries for the storage of bulk products. Plastic drums are the most preferred containers for the storage of industrial goods and are expected to capture maximum market share.

Increase in Manufacturing Activity a Major Driver for the Market Growth

Over the years, the manufacturing sector has been contributing high percentage share to the global GDP. The growth of end-use industries is the major driver for rigid industrial packaging, where an increase in number of applications will create high demand for industrial containers. The suppliers of industrial goods are storing high volume of goods to create a market need and warehousing it for future use, so it requires industrial containers for long-term storage.

Growing Usage of Rigid Industrial Packaging in the Food and Beverages Industry to Drive Market Growth

The increasing demand for food and beverages such as alcoholic and non-alcoholic beverages, is driving the growth of the rigid industrial packaging market. For the storage and shipment of such beverages, safe and contamination-proof packaging is required, which is provided by rigid industrial packaging. As the food and beverages industry is witnessing a boom in developing countries such as India and China, the demand for liquefied and powered items is also expected to increase in the industry. This increase in demand for preservatives and other food additives is expected to fuel the global rigid industrial packaging market growth during the forecast period.

Increasing Demand from Chemical Industry

Gaining from the rebounded performance of the chemicals sector, which is a key end buyer of bulk industrial containers, rigid industrial packaging manufacturers are leveraging their in-house research and development capabilities to innovate products that suit specific requirements. The global industrial packaging market is reflecting customized standardization trend, where manufacturers are developing products that meet end-user specific requirements. Advantages also include lightweight and cost-competitiveness against conventional products available in the market such as steel drums, in addition to upheld material enhancements, corrosion and impact resistance, and non-reactive characteristics with packaged substances.

global rigid industrial packaging market

Rigid Industrial Packaging Market Structure Analysis

  • The global rigid industrial packaging market represents a fairly consolidated competition landscape, where majority of the key players maintain their strategic focus on the development of partnerships and acquisitions, targeting a global footprint.
  • Mauser Group B.V and Greif, Inc and Time Technoplast Ltd are the market leaders and are expected to maintain its dominance for the next 2 to 3 years. Regional and local players need to modify their product offerings and at the same time remain economical to pose challenges for market leaders
  • The rigid industrial packaging market has been relatively moderate in size, which remains a key factor for its dynamic competitive nature.
  • Leading manufacturers of rigid industrial packaging are currently prioritizing R&D and new product launches to resonate with the booming consumption by local vendors and new entrants in Europe, North America, and East Asia.
  • Product portfolio expansion to remain one of the key developmental strategies adopted by manufacturers of rigid industrial packaging.
  • For a stronger foothold in target markets, rigid industrial packaging manufacturers will continue to rely on inorganic strategies, such as mergers and acquisitions.

Demand Driven by Robust Developments across Industries

Rigid industrial packaging has garnered significant traction as a viable system to protect manufactured products, which demand extended storage. Worldwide urban shift of population, rising globalization, and international trade that support the growth of commercial industries have been largely contributing to the expansion of rigid industrial packaging market. Manufactures are hard pressed to innovate their products, as several new trends such as environmental performance, automated handling, the capacity to deliver smart monitoring across the logistics sector, and integration with Industry 4.0 are now influencing the use and choice of industrial packaging formats.

Rigid industrial packaging is critical for the storage of products that are hazardous to handle, such as chemicals, oils & lubricants, and pharmaceuticals; considering regulations and guidelines set for storage and shipment of these products is likely to open a wide window of opportunity for the stakeholders. Considering severing environmental concerns, key vendors in the market are focusing on R&D activities for biodegradable industrial containers. A focus on material reduction or down gauging and maximizing the repeat use, especially for metal containers, further remains the key for manufacturers, to achieving sustainability goals.

East Asia Takes the Center Stage in Rigid Industrial Packaging Market

Amid the fast globalization, various industrial packaging formats have been essential for optimizing the logistics of worldwide product distribution. To keep up with evolving industrial trends, manufacturers are constantly leveraging new technologies to improve their product capacities and cater to varied sectors. Rigid industrial packaging market in East Asia continues to offer greater opportunities, owing to the increasing number of OEMs, rapid expansion of construction industry, and quicker adoption of advanced technologies. Recognizing the widening scope of expansion in the region, stakeholders are focusing on reducing the cost per package and provide sustainable products as a key strategy to gain competitive advantage over the local vendors.

* This data is only a representation. Actual data may vary and will be available in report.

 East Asia Takes the Center Stage in Rigid Industrial Packaging Market
 East Asia Takes the Center Stage in Rigid Industrial Packaging Market
 East Asia Takes the Center Stage in Rigid Industrial Packaging Market
 East Asia Takes the Center Stage in Rigid Industrial Packaging Market
  • 2014
  • 2018
  • 2022
  • 2029
  • Arrow

What Does it Mean for Manufacturers?

Rigid industrial packaging has gained a lot of importance in recent past, as it protects a wide range of sensitive products from unfavorable external factors while preventing any unwanted leakage or spillage of these products into the environment. The market expansion remains driven by new innovations in packaging materials, increased R&D investments, and rising trend of contract packaging. As the demand for lighter, safer, and more recyclable packages is on the rise, manufacturers will need to reform their strategies so as to help prolong the lifecycle of finite resources and enhance the recycling process of their products.

Advances in technologies are introducing new opportunities for innovations in the rigid industrial packaging industry. Market stakeholders are now offering trackable containers that facilitate the ability to monitor the in-transit goods. Innovations for the shape of containers or other packages to optimize cargo space without compromising protection of the products will also remain a key focus area of the manufacturers.

Drums remain top-selling

Pails witnessing growing demand

Plastics remain highly preferred

Paper & wood to garner growing preference

Adoption in chemicals & solvent packaging remains significant 

Use in automotive packaging gains momentum

How Growth will Unfold

Steady economic performance of several nations has significantly contributed to industrial expansion and increased manufacturing output, which are working to the advantage of the market stakeholders. As plastic continues to be a convenient material for rigid industrial packaging, manufacturers are increasingly using technologies of polymer processing, including blow molding, injection molding, and extrusion to manufacture various products that meet end users’ needs.

Sensing an exponential growth in end-use industries, especially in developing economies, manufacturers are inclining towards customized standardization trends to ease supply chain procedure of the end users. Moreover, manufacturers investing in cutting-edge technologies to ensure enhanced strength and capabilities of their products while making efficient use of resource and minimizing waste, are likely to deliver rewarding benefits in the long run.

 Rigid Industrial Packaging Market

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Rigid Industrial Packaging - ‘Recyclables’ Hold the Future

A recent market study published by FMI on the rigid industrial packaging market includes global industry analysis 2014-2018 & forecast 2019-2029, and offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the rigid industrial packaging market, the growth prospects of the market are obtained with maximum precision.

Rigid Industrial Packaging Market Taxonomy

The global rigid industrial packaging market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

By Product Type

  • Drums
    • Steel Drums
    • Plastic Drums
    • Composite Drums
  • Rigid IBCs
  • Pails
  • Bulk Boxes
  • Others

Material Type

  • Plastic
  • Metal
  • Paper & Wood
  • Fibre

End Use

  • Chemicals & Solvents
  • Oil & Lubricants
  • Agriculture & Horticulture
  • Automotive
  • Building & Construction
  • Food & Beverages
  • Pharmaceuticals & Medical Devices
  • Others

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

What's Included

The report commences with the executive summary of the rigid industrial packaging market, which includes a summary of the key findings and statistics of the market. It also includes prominent segments in the global rigid industrial packaging market, along with key facts about rigid industrial packaging. It also includes graphical representation of the segments according to market size and growth rate.

Readers can find detailed taxonomy and definition of the rigid industrial packaging market in this chapter, which will help them understand the basic information about different rigid industrial packaging solutions present in the market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the rigid industrial packaging market report.

The report provides key market trends that are expected to impact market growth significantly in the upcoming years.

This section includes a comparative analysis of different rigid industrial packaging products. It includes information about product preference and shelf life of rigid industrial containers.

This section explains the global market volume analysis and forecast for the rigid industrial packaging market between the forecast period 2019-2029. It includes the detailed analysis of the historical rigid industrial packaging market.

This section highlights the average pricing analysis of various product types of rigid industrial packaging, in different regions across the globe. The weighted average pricing at the manufacturer-level is analyzed in this section.

This section explains the global market value analysis and forecast for the rigid industrial packaging market in the forecast period 2019-2029. It includes the detailed analysis of the historical rigid industrial packaging market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).

This chapter explains the key macro-economic factors that are expected to influence the growth of the rigid industrial packaging market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the rigid industrial packaging market. This chapter also highlights the key market dynamics of the rigid industrial packaging market, which include the drivers and restraints. Moreover, readers will understand the key trends followed by the leading manufacturers in the rigid industrial packaging market.

Based on product type, the rigid industrial packaging market is segmented into drums, rigid IBCs, pails, bulk boxes, and others. In this chapter, readers can find information about key attractive segments during the forecast period.

Based on material type, the rigid industrial packaging market is segmented into plastic, metal, paper and wood, and fibre. In this chapter, readers can find information about key segments during the forecast period.

This chapter provides details about the rigid industrial packaging market on the basis of end use, and has been classified into chemicals & solvents, oil & lubricants, agriculture & horticulture, automotive, building & construction, food & beverages, pharmaceuticals & medical devices, and others.

This chapter explains how the rigid industrial packaging market is expected to grow across various geographical regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa (MEA).

This chapter includes a detailed analysis of the growth of the North American rigid industrial packaging market, along with a country-wise assessment that includes the U.S. and Canada. Readers will also find some key points on the basis of estimated market size and consumption of rigid industrial packaging.

Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America rigid industrial packaging market. This chapter also includes the growth prospects of the rigid industrial packaging market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.

Important growth prospects of the rigid industrial packaging market based on product type and end user in several countries, such as Germany, the UK, France, Spain, Italy, Russia, BENELUX and the Rest of Europe, are included in this chapter.

India, Indonesia, Thailand, and Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia rigid industrial packaging market in this chapter. Readers can find detailed information about the growth parameters of the South Asia rigid industrial packaging market during the period 2019-2029.

This chapter highlights the growth of the rigid industrial packaging market in East Asia by focusing on China, Japan, and South Korea. The section also highlights data points regarding the growth of the rigid industrial packaging market in the East Asian region.

In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania rigid industrial packaging market.

This chapter provides information about how the rigid industrial packaging market will grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, Northern Africa, and the rest of MEA, during the forecast period 2019 - 2029.

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the rigid industrial packaging market along with their market presence analysis by region and product portfolio.

In this chapter, readers will find a comprehensive list of all leading manufacturers in the rigid industrial packaging market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Greif, Inc., Mauser Group B.V., Cleveland Steel Container, Hoover Ferguson, Group, Time Technoplast Ltd, Snyder Industries, Inc., Schuetz GmbH & Co. KGaA, Thielmann US LLC, Custom Metalcraft, Inc., Automationstechnik GmbH, Transtainer, Hawman Container Services, Schafer Werke Gmbh, Obal Centrum s.r.o., Sicagen India Limited, Industrial Container Services, Inc., Orlando Drum & Container Corporation, Great Western Containers Inc., Myers Container, LLC., and Peninsula Drums CC.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the rigid industrial packaging report.

This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information about the rigid industrial packaging market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current market dynamics and challenges
  • Yesteryear trends 
  • Market characteristics
  • Market performance and growth quadrants
  • Competition structure and market structure
  • Strategic growth initiatives
  • Near-term and long-term market growth prospects
  • Market segment splits and authenticity
  • Opinions on market projections and validity of assumptions

Secondary Research

  • Industry Publications
  • Food Service Packaging Institute
  • European Bioplastics, Nova- Institute
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits rigid industrial packaging market split by designations

Primary Interview Splits rigid industrial packaging market split by stakeholders

Rigid Industrial Packaging Market Reports - Table of Contents

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Akshay Godge

Client Partner - Global Business Development

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Pranay Mhaisekar

Client Partner - Global Business Development

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