(PRWEB UK) 7 March 2013
Demand for rigid bulk packaging is expected to reach $6.9 billion in 2017. Growth will accelerate from the performance of the recession-impacted 2007- 2012 period, and will reflect rebounds in manufacturing output and construction activity. Gains will also be driven by expanded use of larger, higher-value containers that offer enhanced performance and are more cost-effective than smaller types with shorter service lives.
According to the report Rigid Bulk Packaging: US industry forecasts for 2017 & 2022, RIBCs will be the fastest growing rigid bulk packaging product type through 2017, benefiting from a rebound in chemical production as well as cost and performance advantages over smaller, single-use, or shorter-lived packaging. Although RIBCs have a higher initial cost than other rigid bulk containers, these products offer increased storage space efficiency and longer service lives, allowing large-scale customers to realise significant long-term cost savings.
View the Report: Rigid Bulk Packaging: US industry forecasts for 2017 & 2022