Global demand for bulk packaging to grow 5.8% annually to 2015

June 2, 2011 - PRLog -- According to the report “World Bulk Packaging: Forecasts for 2015 & 2020 in 18 countries” available at http://www.reportbuyer.com/go/FED00556 worldwide demand for bulk packaging is projected to rise 5.8 percent per year to $56.0 billion in 2015. Advances will be driven by growth in manufacturing activity, especially in key end-user industries such as chemicals and pharmaceuticals, and food and beverages. Film wrap demand will see the fastest gains, benefiting from growing requirements for the bundling and protection of goods during warehousing and distribution. Demand for film wrap will also be bolstered by retail trends, as a greater number of retailers offer a broad range of goods packaged in bulk and utilize secondary packaging for product warehousing and multipack bundling.

Although shipping sacks will continue to represent the largest product type, shipping sack demand will exhibit belowaverage growth through the forecast period and beyond. Strong price competition and increasing use of alternative, will serve to limit gains in shipping sack demand. Demand for drums will benefit from an upswing in global chemical and pharmaceutical production, as chemicals comprise by far the leading application for drums. Growth in pail demand will be slightly below average, due to competition from other packaging formats, including drums, bulk boxes and shipping sacks. Plastic pails will experience faster gains than their steel counterparts as a result of their lighter weight, which substantially reduces shipping expenses.

The report “World Bulk Packaging: Forecasts for 2015 & 2020 in 18 countries” is available from Report Buyer at:
http://www.reportbuyer.com/industry_manufacturing/packagi...

Reportbuyer Product Code: FED00556
   
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