Latest News- Rigid Bulk Packaging Market in Europe: Plastic is expected to lead the Material segment during 2024-2028

The Rigid Bulk Packaging Market in Europe is being driven by Growing wine production and consumption in Europe

The Rigid Bulk Packaging Market in Europe is expected to grow at a CAGR of 4.8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 729.6 million. The European Rigid Bulk Packaging Market exhibits significant growth potential, driven by the increasing demand for efficient and sustainable packaging solutions. Key end-use industries, such as food and beverage, chemicals, and pharmaceuticals, continue to fuel market expansion. Advanced technologies, including recyclable materials and smart packaging, are also gaining traction, enhancing product value and consumer appeal. Overall, the market is poised for robust growth, underpinned by industry advancements and evolving consumer preferences. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Material
  • Plastic
  • Metal
  • Wood
  • Others
• Product
  • Pails
  • Drums
  • Others
• Geography
  • Europe

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing wine production and consumption in Europe
• Rising demand from pharmaceutical industry
• Growth of SME sector in Europe

However, the market also witnesses some limitations, which are as follows:

• Fluctuating raw material prices
• Investment constraints faced by small vendors
• Stringent regulations on use of packaging materials

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Market Scope in Rigid Bulk Packaging Market in Europe Research Report

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Research Analysis Overview

The Rigid Bulk Packaging Market in Europe is experiencing significant growth, driven by various factors including the increasing demand for fuel commodities in the automotive sector and manufacturing industries, as well as the expansion of the petrochemical and chemical sectors. The market is characterized by a high degree of concentration, with key players dominating the supply chain. Crude oil reserves and European Union (EU) GDP also play a crucial role in market dynamics. In Europe, sectors such as medical equipment, food, construction activity, and automotive are major consumers of rigid bulk packaging. Reusability and returnable bulk packaging are gaining popularity due to their environmental benefits and cost savings. The EU's focus on reducing packaging wastage and promoting sustainable packaging is also driving demand for these types of packaging solutions. The European IBC (Intermediate Bulk Container) market is a significant segment of the rigid bulk packaging market. The EIA (Energy Information Administration) reports that Europe is the largest importer of fuel commodities, making logistics costs and the bill of materials crucial considerations for market players. Product safety and regulations are also key factors in the market, particularly in the food and pharmaceutical industries. Recycling packaging and using sustainable packaging materials are becoming increasingly important trends in the European market. The construction industry is also a growing consumer of rigid bulk packaging, particularly for transporting cement and other building materials. Overall, the European rigid bulk packaging market is expected to continue growing due to these and other factors.

Market Research Overview

The European Rigid Bulk Packaging Market encompasses a diverse range of suppliers and stakeholders, spanning from raw material providers to end-users. The supply chain is intricately layered, involving the procurement of raw materials, such as steel, aluminum, tin for metal containers; borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass for glass containers; and high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC) for plastic containers. Each stage, from research and development to manufacturing and distribution, plays a crucial role in ensuring the production and delivery of high-quality rigid bulk packaging solutions to meet the demands of various industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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