Rigid Bulk Packaging Market Size (2024 - 2029)

Rigid Bulk Packaging Market Analysis

The Rigid Bulk Packaging Market size is estimated at USD 52.05 billion in 2024, and is expected to reach USD 67.51 billion by 2029, growing at a CAGR of 5.34% during the forecast period (2024-2029).

• As the volume of resources and products transported across regions continues to rise, the significance of bulk packaging has become paramount. The rigid bulk packaging market comprises solutions for storing and transporting bulk liquids and granulated substances. These include food ingredients, solvents, chemicals, pharmaceuticals, and even industrial equipment, all handled in large quantities.
• The rigid bulk packaging market is closely tied to global import and export activities. Heavy manufacturing industries show a strong demand for products like drums and pails. In contrast, logistics and short-distance transportation of goods heavily rely on materials handling containers and intermediate bulk containers (IBCs).
• With a growing demand for chemicals and petroleum lubricants across diverse end-user industries and a pronounced emphasis on bolstering supply chain capabilities, the need for industrial steel drums is set to surge. As reported by InfralineEnergy, India ranks as the second-largest lubricant consumer in its region and holds the third position globally, trailing only the United States and China.
• Lubricants play a crucial role in processing industries and are vital for automobile parts, especially brakes and engines, ensuring their smooth operation. The market is witnessing growth, fueled by rising imports and exports of piston engine lubricants and an increasing consumer emphasis on vehicle performance. Industries such as chemicals, mining, and unconventional energy are anticipated to be the largest consumers of industrial lubricants. This trend bolsters the demand for industrial lubricants and hints at a heightened use of rigid packaging in the market.
• Plastic pollution has significantly contributed to environmental degradation, with numerous studies highlighting its detrimental effects. In response, European regions, alongside several other nations, have enacted regulations to curb plastic usage globally. These worldwide legislative measures have forced companies to innovate, focusing on sustainable and reusable products in industrial packaging.

Rigid Bulk Packaging Industry Segmentation

Rigid bulk packaging is a high-strength solution mainly used to package sensitive and perishable products. The global market for rigid bulk packaging tracks the demand for products, including industrial bulk containers, drums, pails, boxes, and others made from plastic, steel, and wood.

The rigid bulk packaging market is segmented by material (plastic, metal, wood, and other materials), product (industrial bulk containers, drums, pails, bulk boxes, and other bulk containers), and end-user industry (food, beverage, industrial, pharmaceutical, and chemical, and other end-user industries), and geography (North America [United States and Canada], Europe [United Kingdom, Germany, France, Italy, Spain, and Rest of Europe], Asia-Pacific [China, India, Japan, Australia, and Rest of Asia Pacific], Latin America [Brazil, Mexico, and Rest of Latin America], Middle East and Africa [United Arab Emirates, Saudi Arabia, South Africa, and Rest of the Middle East and Africa]). The market sizes and forecasts are provided in terms of value USD for all the above segments.