The bulk container packing market is projected to grow at a remarkable CAGR of 6.3% between 2022 and 2031, reaching a value of US$ 34.1 billion. This market involves the development and distribution of durable containers used for the transportation and storage of large quantities of goods. Bulk container packaging is in demand due to the increasing need for efficient and cost-effective solutions for transporting and storing bulk goods and liquids.
These containers can vary in size, ranging from barrels to pallets, and are constructed using durable materials such as steel, plastic, or paperboard. As a significant segment of the global packaging market, the bulk container packaging market is expected to steadily expand in the coming years.
Several factors drive the growth of the bulk container packaging market. One of the key drivers is the growth of international trade, which has created a demand for efficient and affordable methods of transporting goods over long distances. Businesses are also looking for ways to reduce the number of individual units being transported while optimizing their supply chains, leading to an increased adoption of bulk containers.
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Additionally, the expansion of the chemical and petrochemical industries, rising consumer demand for food and beverage products, and the growing awareness of environmentally friendly packaging alternatives contribute to the growth of the bulk container packaging market.
An important trend in the industry is the increasing demand for environmentally friendly and sustainable packaging options. Companies are under pressure to reduce their carbon footprint and implement sustainable practices, leading to the development of new environmentally friendly materials such as recyclable plastics and biodegradable paperboard by bulk container manufacturers.
In summary, the bulk container packaging market plays a vital role in the global packaging industry, driven by the growth of global trade, the demand for efficient transport solutions, and the need for sustainable packaging options. The market is competitive, with numerous manufacturers operating in the industry, and is expected to experience steady growth in the future. Companies will need to adapt to emerging trends and technologies to remain competitive and meet the evolving needs of customers.
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Key Takeaways
- Bulk container packaging market is estimated to expand ~1.6 times of current market value through 2031
- Bulk container segment is expected to hold more than 4/5thvalue share; flextanks segment catching up
- Increasing preference for easy to carry containers bolstering demand for plastic bulk containers
- Industrial chemicals segment to hold nearly 45% value share
- China to emerge as a highly lucrative market, contributing nearly 30% of the revenue share by 2021-end
Market Benefits
1. The study provides an in-depth analysis of the global Bulk Container Packaging Market along with the current trends and future estimations to elucidate the imminent investment pockets.
2. The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
3. An extensive analysis of the market based on application assists in understanding the trends in the industry.
4. The report presents a quantitative analysis of the market from 2022 – 2031 to enable stakeholders to capitalize on the prevailing market opportunities.
Bulk Container Packaging Market Landscape
The bulk container packaging market is fragmented and the Tier 1 players in the market hold 40-45% share in the global bulk container packaging market.
Greif, Inc., Berry Global, Inc., Sealed Air Corporation, DS Smith Plc, Mondi Group, Bemis Company, Inc., International Paper Company, Winpak Ltd, Mauser Group B.V, Hoover Ferguson Group, Braid Logistics (UK) Limited, Qingdao LAF Packaging Co. Ltd., My Flexitank Industries Sdn Bhd, SIA Flexitanks Limited, Environmental Packaging Technologies, Inc., Snyder Industries, Inc, Schuetz GmbH & Co. KGaA, Büscherhoff Spezialverpackung GmbH & Co. KG, Bulk Lift International, Inc, Shandong Anthente New Materials Technology Co.,Ltd are some of the prominent players in the bulk container packaging market.
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Key Segments
Product
- Flexitanks
- Bulk Containers
- Flexible Bulk Containers
- Rigid Bulk Containers
- Bulk Container Liners
Material
- Plastic
- HDPE
- LDPE
- LLDPE
- PP
- PVC
- Others
- Metals
- Others (Wood, Fiber, Paper Board)
End Use
- Industrial Chemicals
- Petroleum and Lubricants
- Food and Beverages
- Paints, Inks and Dyes
- Pharmaceutical
- Others
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