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Rigid Intermediate Bulk Container Packaging Market size and forecast, 2016-2026

Rigid Intermediate Bulk Container Packaging Market size

Global Rigid Intermediate Bulk Container Packaging Market: Introduction

Rigid intermediate bulk container, also known as pallet tank is a reusable industrial container modelled for the storage and transport of granulated substances or bulk liquids including chemicals, solvents, food ingredients, pharmaceuticals etc. These containers are mainly designed to be moved using a pallet jack or a forklift and are mostly cubical in shape. Rigid intermediate bulk containers are mounted on a pallet in a stack and thus are called stackable containers. Rigid intermediate bulk containers are covered by a rigid case, mostly made of galvanized iron or steel, to ensure safety and durability, hence the name. Moreover, when compared to cylindrical-shaped containers, rigid intermediate bulk containers can transport supplementary materials in the similar footprint being cubical in shape and have a durable lifespan of more than 20 years. Rigid intermediate bulk containers are made of various materials including plastic, fiberboard, wood, metal etc. Furthermore, most of the rigid intermediate bulk containers possess a built-in faucet/tap at the base of the container through which the liquid content can be withdrawn into smaller containers by attaching hoses/pipes. Rigid intermediate bulk containers are used to ship and store commodities and raw materials, bulk chemicals and hazardous materials, petrochemical products, food syrups etc.

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Global Rigid Intermediate Bulk Container Packaging Market: Segmentation

The global rigid intermediate bulk containers packaging market can be segmented on the basis of material type and application. On the basis of material type, the global rigid intermediate bulk containers packaging market can be segmented into plastic, paper (fiberboard), wood and metal. On the basis of application, the global rigid intermediate bulk containers packaging market can be segmented into food & beverages, chemicals, pharmaceuticals and others. Among material type, plastic is most often used in storing and transporting food and beverages and chemicals due to its cost effectiveness and durability along with flimsiness. Considering application, food and beverages segment is expected to witness a significant growth followed by chemicals and solvents.

Global Rigid Intermediate Bulk Container Packaging Market: Dynamics

Cost-effectiveness and higher operational performance are some key factors driving the demand for rigid intermediate bulk containers thus in turn fuelling the growth of the overall global rigid intermediate bulk containers packaging market. Moreover, expansion of commodity trade especially in developing regions is expected to spur the demand for rigid intermediate bulk containers in the global rigid intermediate bulk containers packaging market. Urbanization and increase in international trade are the key factors driving the growth of the global rigid intermediate bulk containers packaging market. Rigid intermediate bulk containers is expected to witness a benefit from a rebound in chemical production as well as performance advantages over single-use, shorter-lived or smaller packaging. However, lack of consumer awareness and higher initial costs are two major factors hampering the growth of the global rigid intermediate bulk container packaging market. Furthermore, competition from flexible intermediate bulk containers, which are substantially less expensive than rigid intermediate bulk containers is another major factor restraining the growth of the global rigid intermediate bulk container market.

Global Rigid Intermediate Bulk Container Packaging Market: Region-wise Outlook

On the basis of region, the global rigid intermediate bulk container packaging market can be segmented into seven key regions including North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. North America is expected to account for the maximum market share by the end of 2016 followed by Western Europe and Asia-Pacific. Asia-Pacific region is anticipated to witness the highest growth due to increase in globalization and industrial trade especially among the developing economies of the region such as India, China etc.

Global Rigid Intermediate Bulk Container Packaging Market: Key Players

The major players involved in the manufacture of rigid intermediate bulk containers are Berry Plastics, Brambles, Sonoco Products Company, WestRock, Greif Incorporated, Berenfield Containers Incorporated, BWAY Corporation, Koch Industries Incorporated, Weidenhammer Packungen among others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Value Chain

Regional analysis includes:

North America
Latin America
Asia Pacific
Japan
Western Europe
Eastern Europe
Middle East & Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

Report highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.

The study is a source of reliable data on:

Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological break throughs

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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