Freedonia In The News

Article Title: US Demand for Rigid Bulk Packaging to Reach $7 Billion in 2017
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Publication: Packaging Europe , 2/26/2013
Freedonia Study: World Power Tools (2996)

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Demand for rigid bulk packaging is forecast to advance 3.9 percent per year to $7.0 billion in 2017, accelerating from the performance of the 2007-2012 period. The improved outlook is based on a recovery in the overall economy, particularly in the motor vehicle and construction markets -- which were the hardest-hit segments during the 2007-2009 recession. Rigid intermediate bulk containers (RIBCs) and material handling containers are expected to experience the fastest growth through 2017. Opportunities for RIBCs will be supported by a rebound in chemical production as well as advantages of cost effectiveness and reusability. Material handling container growth will be driven by an upswing in production of durable goods such as motor vehicles and fabricated metal products following declines during the 2007-2012 period
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Article Title: Power Tools Sales Perk Up
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Publication: Building Products, 3/8/2013
Freedonia Study: World Power Tools (2996)

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Global power tool demand is forecast to increase 4.6% annually through 2016 to $28.1 billion, bolstered by the rebound in U.S. home construction, according to a new Freedonia Group study. China has become increasingly important over the last decade, as both the dominant producer and a big user of power tools. From 2001 to 2011, production in the country more than doubled, while demand quadrupled. India will increase at the fastest rate of any country, growing more than 10% per year through 2016.
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