Market Size of Europe Rigid Bulk Packaging Industry
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Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 29.64 Billion |
Market Size (2029) | USD 33.17 Billion |
CAGR (2024 - 2029) | 2.27 % |
Market Concentration | Medium |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
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Europe Rigid Bulk Packaging Market Analysis
The Europe Rigid Bulk Packaging Market size is estimated at USD 29.64 billion in 2024, and is expected to reach USD 33.17 billion by 2029, growing at a CAGR of 2.27% during the forecast period (2024-2029).
- In Europe, rigid bulk packaging is in high demand due to the growing demand for shipping containers, which are used for transporting raw materials and finished goods such as metal, minerals, oil & gas, chemicals, machinery, cars, aircraft components, etc. According to the PortEconomics report, Rotterdam Port handled around 14.5 million twenty-foot equivalent units (TEUs) of containers in 2022, making it the European Union's largest container port. The second-largest container port in the EU was Antwerp-Brussels, handling about 13.5 TEUs million.
- Rigid bulk packaging also provides a higher level of shipment safety compared to flexible bulk. Currently, the manufacturers are also adopting rigid bulk packaging to reduce emissions from transportation as a larger volume can be shipped at the same time, resulting in lower CO2 emissions. The European Union has set ambitious long-term environmental and climate change objectives. Thereby, the businesses are gravitating majorly towards the rigid bulk packaging in the region.
- The rapid urbanization and industrialization are further expected to stimulate the manufacturing and construction industries especially in several developing economies which is further expected to increase the production of various chemicals thereby benefiting the rigid bulk packaging market growth. In addition, trade agreements between several nations across the globe are expected to increase the imports and exports between these countries thereby favoring the market growth.
- Growing industries such as chemicals, construction, and the food and beverage industry are expected to recover in a V-shape from the crisis. As per the American Chemistry Council, the chemicals production growth in Europe was anticipated to drop to a negative 2.2% during 2020; however, during 2021, it recovered and witnessed a growth of 3.1% in 2021 to a stable 1.6% growth in 2022. This growth is expected in the forecast period, consequently attributing to the demand for rigid bulk drums and IBCs for chemicals.
- However, the market for rigid bulk packaging in Europe is expected to face the challenge of changing raw material prices over the next few years. The raw materials that are commonly used in rigid bulk packaging are plastic, paper board, and steel material. T
- The raw material prices are one of the most important factors that influence the price of the final products. Therefore, raw material price fluctuations are a major issue for vendors in Europe.
- In November 2022, the European Commission incorporated a proposal for Packaging Waste Regulation (Proposal). Under the proposal, all packaging would be required to be recycled. This applies to pallets and bulk boxes, plastic crates and intermediate bulk containers (excluding cardboard trays), drums, and canisters (all sizes and materials). Therefore, in Europe, bulk packaging manufacturers are increasing the use of eco-friendly recycled material.
Europe Rigid Bulk Packaging Industry Segmentation
Rigid bulk packaging is a high-strength packaging solution mainly used in packaging products that are sensitive and perishable. The global market for rigid bulk packaging is expected to grow due to the increasing demand from the chemical, pharmaceutical, and food & beverages industries. The demand for reusable bulk packaging is also increasing due to the cost-effectiveness of reusable bulk containers compared to smaller containers.
The Europe rigid bulk packaging market is segmented by material (plastic, metal, wood, and other materials), by product (industrial bulk containers, drums, pails, bulk boxes, and other bulk containers), and by end-user industry (food, beverage, industrial, pharmaceutical and chemical, other end-user industries), and by country (United Kingdom, Germany, France, Italy, Spain, and Rest of Europe). The market sizes and forecasts are provided in terms of value USD for all the above segments.
By Material | |
Pastic | |
Metal | |
Wood | |
Other Materials |
By Product | |
Industrial Bulk Containers | |
Drums | |
Pails | |
Bulk Boxes | |
Other Bulk Containers |
By End-user Industry | |
Food | |
Beverage | |
Industrial | |
Pharmaceutical and Chemical | |
Other End-user Industries |
By Country | |
United Kingdom | |
Germany | |
France | |
Italy | |
Spain |
Europe Rigid Bulk Packaging Market Size Summary
The Europe rigid bulk packaging market is experiencing significant growth, driven by the increasing demand for shipping containers used in transporting various goods such as metals, minerals, and chemicals. This demand is further fueled by the region's robust industrial activities and trade agreements that enhance import and export activities. The market is also benefiting from the rapid urbanization and industrialization in developing economies, which stimulate the manufacturing and construction sectors. Additionally, the European Union's focus on environmental sustainability is encouraging businesses to adopt rigid bulk packaging solutions that offer higher shipment safety and reduced carbon emissions. The market is characterized by the growing needs of end-use industries, including food and beverage, chemicals, and pharmaceuticals, which are recovering and expanding, thereby increasing the demand for rigid bulk packaging materials.
Despite the positive growth trajectory, the market faces challenges such as fluctuating raw material prices, which significantly impact the cost of rigid bulk packaging products. The European Commission's proposal for Packaging Waste Regulation, mandating the use of recyclable materials, is prompting manufacturers to innovate and incorporate eco-friendly materials into their products. The market is moderately competitive, with major players like ORBIS Corporation, Greif Inc., and Schoeller Allibert Services B.V. actively engaging in strategic partnerships and technological advancements to enhance their offerings. Innovations such as the introduction of Life Cycle Analysis tools and automated fill-level monitoring systems are indicative of the industry's commitment to sustainability and efficiency. As the market continues to evolve, the focus on recyclable and reusable packaging solutions is expected to drive further growth and address environmental concerns.
Europe Rigid Bulk Packaging Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 Market Dynamics
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1.4.1 Market Drivers
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1.4.1.1 Increase in Production and Consumption of Wine Across the Region
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1.4.1.2 Demand for Safety Shipment Have Boosted the Market Growth
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1.4.2 Market Restraints
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1.4.2.1 Fluctuating Cost of Raw Materials
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2. MARKET SEGMENTATION
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2.1 By Material
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2.1.1 Pastic
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2.1.2 Metal
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2.1.3 Wood
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2.1.4 Other Materials
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2.2 By Product
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2.2.1 Industrial Bulk Containers
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2.2.2 Drums
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2.2.3 Pails
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2.2.4 Bulk Boxes
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2.2.5 Other Bulk Containers
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2.3 By End-user Industry
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2.3.1 Food
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2.3.2 Beverage
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2.3.3 Industrial
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2.3.4 Pharmaceutical and Chemical
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2.3.5 Other End-user Industries
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2.4 By Country
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2.4.1 United Kingdom
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2.4.2 Germany
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2.4.3 France
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2.4.4 Italy
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2.4.5 Spain
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Europe Rigid Bulk Packaging Market Size FAQs
How big is the Europe Rigid Bulk Packaging Market?
The Europe Rigid Bulk Packaging Market size is expected to reach USD 29.64 billion in 2024 and grow at a CAGR of 2.27% to reach USD 33.17 billion by 2029.
What is the current Europe Rigid Bulk Packaging Market size?
In 2024, the Europe Rigid Bulk Packaging Market size is expected to reach USD 29.64 billion.