November, 2024
According to Mondi's annual report, around 33% of packaging is made of board materials, followed by rigid plastic (21%) and flexible plastic (16%). The rigid bulk packaging market develops and distributes high-strength packaging solutions for storing perishable goods. In September 2024, Berry Global launched a standard bottle for storing personal care products. The materials used for manufacturing these packing solutions include plastic, wood, metal, glass, bioplastic, paper, cardboard, and others. The growing demand for these packaging solutions in the pharmaceutical industry is likely to foster the market's growth. This market is generally driven by the growing developments in the food and beverage industry. The increasing demand for these packaging solutions in the chemical and personal care industries has also boosted the growth of the rigid bulk packaging market.
The advancement in intelligent packaging technologies and the rising emphasis on recyclable and active packaging are expected to create ample growth opportunities for market players in the future. In March 2024, Grief announced collaboration with CDF to develop a GCUBE intermediate bulk container (IBC) for use in the pharmaceutical industry. This market comprises several players, such as Amcor, Berry Global, Alpla Group, Mondi, and others. Amcor is a leading provider of rigid bulk packaging solutions that generated revenue of around US$ 3,540 million in 2023 from the rigid packaging segment.
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