North America Rigid Bulk Packaging Market Size (2024 - 2029)

The North America Rigid Bulk Packaging Market is experiencing growth driven by the demand from pharmaceutical, food, and beverage industries, alongside the need to enhance supply chain capabilities. The market's expansion is supported by the industrial production dominance of the United States and Canada, where manufacturers seek durable and cost-effective packaging solutions. Despite challenges from flexible and eco-friendly alternatives and stringent anti-plastic regulations, the market continues to be bolstered by the agricultural sector's growth and the increasing use of intermediate bulk containers across various industries.

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Market Size of North America Rigid Bulk Packaging Industry

North America Rigid Bulk Packaging Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 31.40 Billion
Market Size (2029) USD 35.39 Billion
CAGR (2024 - 2029) 2.42 %
Market Concentration Medium

Major Players

North America Rigid Bulk Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Rigid Bulk Packaging Market Analysis

The North America Rigid Bulk Packaging Market size is estimated at USD 31.40 billion in 2024, and is expected to reach USD 35.39 billion by 2029, growing at a CAGR of 2.42% during the forecast period (2024-2029).

  • North America is the biggest industrialized region in the world. The United States of America and Canada mainly dominate the industrial production of North America. Manufacturers of chemical and pharmaceutical products are looking for lightweight, cost-effective, yet durable packaging solutions to meet all of their liquid bulk packaging requirements to enhance their manufacturing and production capacities across the entire supply chain.
  • The North American market for rigid bulk packaging is driven by a number of factors, including the growing demand from the pharmaceutical, food, and beverages industries for rigid bulk packaging and the growing need to strengthen supply chain capabilities amongst end-users. 
  • According to the Canadian Agri-Food Trade Alliance, Canada's favorable agri-food conditions make it possible to produce far more food than the country's population needs; thereby, the agri-food industry is mainly export-oriented.
  • Rigid bulk packaging products, such as industrial drums, play an important role in chemical and pharmaceutical. According to the American Chemistry Council, the production volume of the chemical industry in the United States was projected to grow by 4.3% in 2022, recovering from a decrease in production in 2020 due to COVID-19. This growth must have bolstered the market of rigid bulk packaging during the past years.
  • However, rigid bulk packaging is facing challenges from more flexible and eco-friendly packaging designs. Also, developed countries like the United States and Canada have passed several anti-plastic legislative guidelines to encourage sustainable and reusable packaging across the region. This may dent the market for rigid bulk plastic packaging in the region for the period going forward.
  • Intermediate bulk containers are a widely used shipping and storage container option in various industries due to the variability of the containers' designs and sizes at different price points. Moreover, the aggressive growth of the food industry in North America has directly affected the increased use of safe agrochemicals for the production and growth of crops. As per the United States Department of Agriculture, the United States' agricultural exports were valued at USD 196.4 billion in 2023, up from USD 171.7 billion in 2022. This growth has driven the ancillary demand for agrochemical packaging by large industrial producers who are largely dependent on intermediate bulk containers.

North America Rigid Bulk Packaging Industry Segmentation

Rigid bulk packaging is a high-strength packaging solution that is mainly used in the packaging of products that are sensitive and perishable. The global market for rigid bulk packaging is expected to grow due to the increasing demand from the chemical, pharmaceutical, and food & beverages industries. The demand for reusable bulk packaging is also increasing due to the cost-effectiveness of reusable bulk containers compared to smaller containers.

The North America rigid bulk packaging market is segmented by material (plastic, metal, wood, and other materials), by product (industrial bulk containers, drums, pails, bulk boxes, and other bulk containers), and by end-user industry (food, beverage, industrial, pharmaceutical and chemical, and other end-user industries), and by country (United States and Canada). The market sizes and forecasts are provided in terms of value USD for all the above segments.

By Material
Plastic
Metal
Wood
Other Materials
By Product
Industrial Bulk Containers
Drums
Pails
Bulk Boxes
Other Bulk Containers
By End-user Industry
Food
Beverage
Industrial
Pharmaceutical and Chemical
Other End-user Industries
By Country
United States
Canada
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North America Rigid Bulk Packaging Market Size Summary

The North America rigid bulk packaging market is poised for steady growth, driven by the region's robust industrial landscape, particularly in the United States and Canada. This market is primarily fueled by the demand from the pharmaceutical, food, and beverage industries, which seek durable and cost-effective packaging solutions to enhance their supply chain efficiencies. The chemical and pharmaceutical sectors, in particular, rely heavily on rigid bulk packaging products like industrial drums and intermediate bulk containers (IBCs) to support their production and export activities. The United States, being a major player in the global chemical and pharmaceutical markets, significantly contributes to the demand for these packaging solutions. Additionally, the agricultural sector in Canada, with its export-oriented focus, further bolsters the market for rigid bulk packaging.

Despite the positive growth trajectory, the market faces challenges from the increasing preference for flexible and eco-friendly packaging alternatives, as well as regulatory pressures in the form of anti-plastic legislation in developed countries like the United States and Canada. These factors could potentially impact the market dynamics in the coming years. However, the ongoing expansion of the chemical industry, driven by shale gas resources, and the growing pharmaceutical sector in the United States are expected to sustain the demand for bulk containers. Major industry players are actively investing in strategic initiatives such as acquisitions and partnerships to enhance their market presence and innovate sustainable packaging solutions. The focus on recycling and the circular economy, as evidenced by initiatives from companies like ORBIS Corporation and Greif Inc., further underscores the industry's commitment to sustainability while meeting the evolving needs of end-users.

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North America Rigid Bulk Packaging Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Market Dynamics

      1. 1.4.1 Market Drivers

        1. 1.4.1.1 Growing Demand from the Petrochemical Industries in North America

        2. 1.4.1.2 Demand for Rigid Protective Packaging in the Region

      2. 1.4.2 Market Restraints

        1. 1.4.2.1 Anti-Plastic and Stringent Environmental Guidelines Dent the Market Growth

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material

      1. 2.1.1 Plastic

      2. 2.1.2 Metal

      3. 2.1.3 Wood

      4. 2.1.4 Other Materials

    2. 2.2 By Product

      1. 2.2.1 Industrial Bulk Containers

      2. 2.2.2 Drums

      3. 2.2.3 Pails

      4. 2.2.4 Bulk Boxes

      5. 2.2.5 Other Bulk Containers

    3. 2.3 By End-user Industry

      1. 2.3.1 Food

      2. 2.3.2 Beverage

      3. 2.3.3 Industrial

      4. 2.3.4 Pharmaceutical and Chemical

      5. 2.3.5 Other End-user Industries

    4. 2.4 By Country

      1. 2.4.1 United States

      2. 2.4.2 Canada

North America Rigid Bulk Packaging Market Size FAQs

The North America Rigid Bulk Packaging Market size is expected to reach USD 31.40 billion in 2024 and grow at a CAGR of 2.42% to reach USD 35.39 billion by 2029.

In 2024, the North America Rigid Bulk Packaging Market size is expected to reach USD 31.40 billion.

North America Rigid Bulk Packaging Market Report Snapshots

North America Rigid Bulk Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)