World Bulk Packaging will reach $60 billion in 2018

NAVI MUMBAI, India - Jan. 16, 2015 - PRLog -- Jan 16, 2015- Mumbai, India : Bharatbook.com announces a new report on "World Bulk Packaging”. However, advances for plastic drums will still be held back by competition from RIBCs and the established position of steel and fibre drums in certain applications.

World demand to approach $60 billion in 2018

World demand for bulk packaging will approach $60 billion in 2018. Following a slowdown in manufacturing activity that included declines in many major markets (including Western Europe and Japan), accelerating growth in manufacturing output worldwide will boost the requirements for both rigid and flexible bulk packaging.

Flexible packaging growth led by film wrap, FIBCs

Flexible bulk packaging is projected to register somewhat faster growth than its rigid counterparts through 2018. Gains will be led by film wrap and flexible intermediate bulk containers (FIBCs), while shipping sacks -- the largest type of flexible bulk packaging -- will post slower gains. Film wrap will benefit from growing use to secure palletized products, and from increased use in such environments as warehouse-style retailers that sell more items in bulk or multipacks. FIBCs will continue to increase market share at the expense of shipping sacks, bulk boxes, and other competitive formats due to the ease of reuse in closedloop supply systems, their compatibility with numerous transportation systems, and their favorable package-to-product weight ratio. Although FIBCs are typically more expensive on a unit basis, they can reduce overall shipping costs.

Rigid packaging to see shift away from traditional types

Historically, drums and pails have been the prevalent rigid bulk packaging formats. While both of these categories will post improved performances, a number of other product types -- such as rigid intermediate bulk containers (RIBCs) and material handling containers -- are expected to register faster advances. Gains for these containers will be driven by cost benefits over smaller or single-trip containers arising from factors such as greater reusability, and storage and handling efficiency. Demand for RIBCs and material handling containers will also be boosted by greater emphasis among users of these containers on sustainability and closed-loop supply chains. Drums, the largest rigid bulk packaging product type in value terms in 2013, will show growth but at a rate more slow than the overall average due to losses to alternative formats, especially those with larger capacities. Plastic drums will post the best gains among drums based on cost and performance advantages over fibre and steel drums. However, advances for plastic drums will still be held back by competition from RIBCs and the established position of steel and fibre drums in certain applications.

Asia/Pacific market to be largest, fastest growing

Growth for bulk packaging in China is beginning to decelerate as economic growth there slows from the robust advances of the last few decades. Even so, China and several of the region’s other developing economies -- such as India and Indonesia -- will be among the fastest-growing national markets. These developing markets will continue to rely mainly on shipping sacks, drums, and other lower-cost products. FIBCs and other higher-value products will experience rapid gains, but will continue to account for a smaller share of the product mix than they do in more developed markets. North America and Western Europe, the other large regional markets, are more mature and, as a result, will experience more modest growth. However, for both regions, this growth will represent a substantial recovery from the sluggish 2008-2013 period.

Study coverage

This Freedonia industry study, World Bulk Packaging, presents historical demand data (2003, 2008 and 2013) plus forecasts (2018 and 2023) by product, material, market, region, and for 18 countries worldwide. In addition, the study details market environment factors, assesses the industry structure, evaluates company market share and profiles global industry players.

To view a full Executive Summary and Table of Contents, please visit: https://www.bharatbook.com/packaging-market-research-reports-198322/world-bulk-packaging-to-2015.html

Related Reports  : https://www.bharatbook.com/industry-mfg-market-research-report/packaging.html

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