According to a research report titled ‘Global Rigid Bulk Packaging Market size study by Material (Plastic, Metal, Wood, and Other Products), Type of Packaging (Industrial Bulk Containers, Drums, Boxes, Pails, and Other Products), and by End-user Industry (Food, Beverage, Industrial, Pharmaceutical, and Other End- user Industries), Regional Forecasts 2021-2027’, available with MarketStudyReport, global rigid bulk packaging market is projected to grow at a strong CAGR of 4.9% through 2027.
 

Flourishing FMCG (Fast Moving Consumer Goods) sector, pharmaceutical industries, and food processing vertical are the major contributors for the global rigid bulk packaging market growth. According to the Packaging Industry Association of India (PIAI), India packing industry is growing at a rate of 22% to 25% every year.
 

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For the record, rigid plastic is defined as a substance that has complete plastic deformation and does not flex elastically. Rigid plastic packaging includes cups, closures, pots, bottles, and cans. Rigid plastic packaging has many advantages, including durability, longevity, cost-effectiveness, flavor absorption, and light weight.
 

It has applications in a wide range of industries, including food & beverage, pharmaceuticals, personal care, and many more. Some of the raw materials used in packaging include bioplastics, polyethylene, polystyrene, polyethylene terephthalate, and others.
 

According to the report, emergence and subsequent amplification of e-commerce is supporting the market expansion. However, strong competition from flexible plastic packaging vertical may stifle global rigid bulk packaging market growth through 2027.
 

Based on material, the industry is categorized into plastic, wood, metal, and others. While on the basis of type of packaging, the market is classified into drums, industrial bulk containers, boxes, pails, and others. Whereas, as per end-user, the marketplace is segmented into beverage, food, industrial, pharmaceutical, and others.
 

Considering the regional aspect, Asia Pacific market is likely to generate substantial revenues over the coming years, due to multiple factors such as presence of several emerging economies in the region, growing manufacturing and construction industries, alongside surging demand for chemical products.  
 

The major players in global rigid bulk packaging marketplace are Hoover CS, Nefab Group, Amcor plc, Sonoco Products Company, Mondi plc, Schütz GmbH & Co. KGaA, Taihua Group, BWAY Corporation, The Cary Company, and Cleveland Steel Container Corp.