Page 39 - Packaging News July - August 2019

July-August 2019 www.packagingnews.com.au BUSINESS INTELLIGENCE FOCUS
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Largest Export Commodities, in GBP Million, United Kingdom, 2018
Fuels Beverages and tobacco Material Manufactures Food and live animals Animal, vegetable oils and fats Miscellaneous manufacturers Machinery and transport equipment Chemicals Crude Materials Unspecific goods
Source: Office for National Statistics (UK)
NORTH AMERICA TO HOLD
A MAJOR SHARE
The rigid bulk packaging market in the United States is bolstered by the presence of significant market players and strong manufacturing industries, such as chemicals, pharmaceutical, food and beverages, and automotive.
The country is also the third largest exporter, after China and the Europe- an Union, as well as being the second largest importer of goods in the world.
These goods mainly consist of in- dustrial machinery, medical equip- ment, petroleum products, and auto- motive parts and supplies. According to the World Bank, the exports of goods in 2016 accounted for 11.82 per cent of the GDP and in- creased to 12.06 per cent in 2017.
The country’s focus on strength- ening its trade relations during the forecast period is expected to aid market growth. This trend has been buoyed by the reserves of crude oil in the United States increasing 19.5 per cent (6.4 billion barrels) to 39.2 billion barrels at year-end 2017, set- ting a new US record for crude oil proved reserves, as stated by EIA.
COMPETITIVE LANDSCAPE
The rigid bulk packaging market concentration is moderately consol- idated with the presence of the few- er major players in the market. Also, the other major players in the pack- aging market are adopting acquisi- tion and partnership strategies to enter the market to grow their mar- ket offerings.
• March 2019 – Amcor acquired its rival Bemis. and aims to create a stronger value proposition for shareholders, customers, as well as employees, and the environment.
165.7
•
109.2 107.9 107.4
105.7 105.6 105.5 105.3
102.9 102.3
March 2019 – Golobal fresh food packaging provider Ifco Systems is being acquired by Triton and Abu Dhabi Investment Authority (ADIA). This makes Ifco a fully in- dependent company, able to act with agility and flexibility. ■
LEFT: Export commodities
by type from UK in 2018. BELOW: Market concentration. BOTTOM: Global growth outlook.
Market Concentration
Consolidated – Market dominated by 1-5 major players
Rigid Bulk Packaging Market
Fragmented –
Highly competitive market with dominant players
Source: Mordor Intelligence
The full report on the future of the Bulk Packaging sector is available through the Mordor Intelligence website.
BULK MAJOR PLAYERS
■ 1 Amcor ■ 2 Mondi ■ 3 Greif ■ 4 Nefab ■ 5 Schütz
Rigid Bulk Packaging Market – Growth Rate by Region (2019 - 2024)
Regional Growth Rates High
Mid
Low
Source: Mordor Intelligence