- The key vendors in the Rigid Bulk Packaging Market in the US 2015-2019 are Berenfield Containers Inc., Berry Plastics Corp., Packaging Corporation of America and Rock-Tenn Co.
London, 25 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Rigid Bulk Packaging Market in the US 2015-2019. Customization in the offerings provided by the market vendors is expected to become a major trend during the forecast period. From the type of material used, to adding certain modifications to standard containers to suit customer specifications, customization is possible in many aspects. The Rigid Bulk Packaging market in the US is expected to post a CAGR of 4.42 percent during the forecast period of 2015-2019.
The Rigid Bulk Packaging market in the US is highly fragmented with the presence of many MSME vendors. Top companies occupy a certain portion of the market and the remaining market positions are occupied by many international and regional vendors. The growth of the market is attributed to the supply of convenient rigid bulk packaging solutions by companies to customers across all consumables verticals.
“The growth in the manufacturing of components, parts, and other durable metal products used in the composition of heavy automobiles and machinery is driving the need for innovative packaging in warehouses for their storing, handling, and distribution purposes,” says Faisal Ghaus, Vice President of TechNavio Research.
“The increased complexity in automated warehouses coupled with the growing need for the protection of components and their rapid delivery is pushing the demand for these containers in the US.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
