Global market for rigid bulk packaging 2016-2020

29 June 2016

In a new report the market research analysts at Technavio predict the global rigid bulk packaging market to grow at a CAGR of over 4% between 2016 and 2020. Globalization and international trade are the primary drivers that fuel growth in this market. The drums segment was the dominant shareholder in the global rigid bulk packaging market by occupying almost 37% of the overall market space in 2015. Their low cost, easy portability, and multifunctionality are some the factors responsible for the booming of this segment. However, the growth of this segment is likely to stabilize in the coming years due to the competition from the RIBC segment (Press release Technavio, 7 June 2016).
Click here for the press release.
Click here for more information about the report.

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