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Deerfield Beach, FL -- (SBWIRE) -- 09/29/2015 -- The Global Rigid Bulk Packaging market is approximated at $6.21 billion in 2014 with CAGR of 4.10% and is expected to reach $8.57 billion by 2022. The factors that influence the market growth refer to the increase in demand from chemicals and petroleum industries. The opportunity for growth lies in packaging regulations. The trend includes increased customization. The key principle is to keep goods in bulky quantity from the point of producer to the point of separation path, where they are ultimately packaged for the customers.
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Global Rigid Bulk Packaging market is segmented by Product, by Material, by Market and by Geography. Based on Product, market is segregated into Pails, Material handling containers, Drums, Rigid bulk containers and Bulk Boxes. Based on Material, market is classified into Steel, Wood panels, Paperboard and Plastic. Based on Market, it is categorised into Durable Goods, Food and beverages, Nondurable Goods, Petroleum, Plastic and Agricultural products. Market by geography is segmented into North America, Europe, Asia Pacific and Rest of the World. Asia Pacific is estimated to grow faster.
The Key players in the market include, Crown Holdings, Ardagh Group, BWAY, Kian Joo Group, Amcor Ltd, Can-Pack, CPMC, BWAY and Greif.
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