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withdrawn into smaller containers by attaching hoses/pipes.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.
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