Demand for bulk packaging to reach US$7 billion in 2013: study
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Demand for rigid bulk packaging in the U.S. is projected to increase 2.1 per cent per year to US$7.0 billion in 201...
Demand for rigid bulk packaging in the U.S. is projected to increase 2.1 per cent per year to US$7.0 billion in 2013, according to a new study by market research firm The Freedonia Group.
The study, called “Rigid Bulk Packaging”, examines the U.S. market for drums, pails, material handling containers, bulk boxes, and rigid intermediate bulk containers.
“Rigid intermediate bulk containers will register the fastest gains as a result of cost and performance advantages vis-à-vis smaller, single-use or shorter life packaging,” the report said. “Material handling containers will also see above-average growth, driven by increased use of returnable and reusable plastic containers in the production of durable and other goods to boost manufacturing efficiency and achieve cost savings.”
“Although a moderation in raw material prices after the sharp increases of the 2003-2008 period will restrain value growth to some extent, unit growth will represent an improvement from the historical period,” the study concluded.
The study also analyzes the major industry participants, the key strategic and competitive variables impacting the industry, and the U.S. market share.
A detailed outline of the study can be viewed at this link.