rigid intermediate bulk containers ribcs and material handling containers are expected to see the fastest growth through 2018, according to freedonia group&39s reportbs b2b bureau   cleveland, ohio usa  october 15, 2014 last updated at 1405 ist with increase in manufacturing activities and access to shale oil & gas in the us, the demand for rigid bulk packaging is projected to increase 4 percent per year to 7.3 billion in 2018, according to a new study from the freedonia group &ndash the usbased market research firm. growth will represent an improvement from the performance of the 20082013 period as manufacturing output and construction activity recover further from postrecession troughs. the resurgence of these segments will fuel rebounds in the production of chemicals and plastic materials, which will support heightened demand for related rigid bulk packaging.prospects will also benefit from trends that are increasing the competitiveness of the manufacturing sector in the us, including insourcing also called reshoring or onshoring and rising production of shale oil and gas. plastics is the leading material for rigid bulk packaging, with steel and paperboard also used to a significant extent.rigid intermediate bulk containers ribcs and material handling containers are expected to see the fastest growth through 2018. &ldquobeyond a brighter economic picture, advances for these containers will be driven by cost benefits over smaller or singletrip containers,&rdquo according to esther palevsky, analyst, freedonia.growth will also be boosted by increased emphasis among users of these containers on sustainability and closedloop supply chains. drums, the largest rigid bulk packaging product type in value terms in 2013, will register improved growth from the recessionimpacted 20082013 period but increases will trail the overall market as a result of further losses to alternative formats, especially larger capacity types. plastic drums will post above average gains based on cost and performance advantages over fibre and steel drums. advances will be held back by competition from ribcs as well as the entrenched position of steel and fibre drums in certain applications.nondurable goods markets represented 82 percent of rigid bulk packaging demand in 2013, with chemicals and pharmaceuticals generating more than 50 percent of nondurables demand. through 2018, chemicals and pharmaceuticals will experience the fastest gains, fueled by a rebound in chemical output combined with the healthcare needs of an aging us population and continuing innovations in drug development. growth in the food and beverage market will be similar to the overall average, helped by population increases, improved consumer spending levels, and favorable prospects for value added food types such as prepared and assembled products, which tend to contain bulk ingredients that are shipped to food manufacturers in rigid bulk packaging.source httpwww.businessstandard.comcontentb2bplasticspolymersusrigidbulkpackagingm…
