World Demand for Bulk Packaging to Reach $56 Billion in 2015
Cleveland 6/08/2011 08:42 PM GMT (TransWorldNews)
demand for bulk packaging is projected to rise 5.8 percent per year to $56.0
billion in 2015.
Advances will be driven by growth in manufacturing activity, especially
in key end-use industries such as chemicals and pharmaceuticals, and food and
beverages. Together, China and the US --
the two largest markets -- will account for close to one-half of value gains in
bulk packaging demand between 2010 and 2015. These and other trends, including
market share and product segmentation, are presented in World
Bulk Packaging, a new study from The Freedonia Group, Inc.,
a Cleveland-based industry market research firm.
wrap will see the fastest gains, benefiting from growing
requirements for the bundling and protection of goods during warehousing and
distribution. Demand for film wrap will
also be bolstered by retail trends.
shipping sacks will continue to represent the largest product type,
shipping sack demand will experience below-average growth through the forecast
period and beyond. Strong price
competition and increasing use of alternative products -- such as flexible
intermediate bulk containers (FIBCs) and various rigid bulk packaging types,
including material handling containers and drums -- will serve to limit gains
in shipping sack demand.
for drums will benefit from an upswing in global chemical and pharmaceutical production, as
chemicals comprise by far the leading application for drums. Growth in pail demand will be slightly below
average, due to competition from other packaging formats, including drums, bulk
boxes and shipping sacks.
Asia/Pacific region will post the most rapid increases and remain the biggest
regional market in the world, due to its large food and
beverage, and chemical and pharmaceutical industries. Central and South America, Eastern Europe,
and the Africa/Mideast region will also experience above-average growth, though
advances in these areas will stem from relatively small bases (collectively,
these three regions will only account for twelve percent of global bulk
packaging demand in 2015). Overall, the
fastest growth will be seen in Asia, specifically in India, China and
Indonesia. Other developing countries
such as Russia, Mexico and Brazil are also expected to see healthy gains.
Group is a leading international business
research company, founded in 1985, that publishes more than 100 industry
research studies annually. This industry analysis provides an unbiased outlook
and a reliable assessment of an industry and includes product
segmentation and demand forecasts, industry trends, demand history, threats
and opportunities, competitive strategies, market share determinations and