The bulk container packing market is anticipated to develop at an astounding 6.3% CAGR between 2022 and 2031, reaching US$ 34.1 billion. Bulk container packing is the process of developing and distributing durable, long-lasting containers that are used for the transportation and storage of large amounts of goods. The bulk container packaging market is expanding due to the rising need for efficient and cost-effective transportation and storage solutions for bulk goods and liquids.
These containers can be as small as barrels or as large as pallets, and they can be built of durable materials like steel, plastic, or paperboard. A sizable sector of the worldwide packaging market, the bulk container packaging market, is anticipated to gradually expand in the upcoming years.
The market for bulk container packing is influenced by a number of factors. The growth of international trade, which has increased demand for effective and inexpensive ways to transport goods across great distances, is one of the most important drivers.
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Several factors affect the market for bulk container packaging. One of the most significant drivers is the expansion of global trade, which has raised the demand for efficient and affordable means of moving commodities over long distances.
As businesses explore for ways to transfer fewer individual units while also streamlining their supply networks, the use of bulk containers has increased. The expansion of the chemical and petrochemical industries, expanding consumer demand for food and beverage items, and greater awareness of environmentally friendly packaging alternatives are other drivers driving the bulk container packaging market.
The increasing demand for environmentally friendly and sustainable packaging options is one of the major developments in the bulk container packaging industry. Companies are under increasing pressure to lower their carbon footprint and implement more sustainable business practises as consumers become more environmentally concerned. Many bulk container producers are responding to this trend by creating new, environmentally friendly goods and materials including recyclable plastics and biodegradable paperboard.
In conclusion, the bulk container packaging market is a vital part of the global packaging industry, driven by the growth of global trade, the demand for efficient and cost-effective transport solutions, and the need for eco-friendly packaging solutions. The market is highly competitive, with a large number of manufacturers operating in the industry, and is expected to experience steady growth in the coming years. As the industry evolves, companies will need to adapt to new trends and technologies in order to remain competitive and meet the changing needs of their customers.
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
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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.
United States Leads Global Bulk Container Packaging Market with $4.6 Billion Incremental Revenue Opportunity by 2031
According to in-depth analysis by FMI, the United States is poised to surpass other countries in the global bulk container packaging market during the forecast period. The market in the United States is projected to create an incremental revenue opportunity of nearly $4.6 billion by 2031.
The increased demand for bulk container packaging is driven by rising industrial production activities. End-users are showing a preference for large-sized foldable bulk containers, replacing traditional bulk containers in various industries. However, the market in the United States is highly competitive, with the presence of established and organized players, posing entry barriers for new and small-scale industries.
Meanwhile, Germany, known for exporting around 15% of global medicines and drugs, maintains a strong demand for bulk container packaging. With a market share of approximately 12% in the top five countries, Germany’s pharmaceutical exports and developments drive the need for sterile storage bulk containers.
Saudi Arabia has emerged as the largest crude oil exporter to China, surpassing Russia. Chinese customs data reveals a significant increase in crude oil exports from Saudi Arabia in comparison to previous years. This shift marks a 77% jump in crude oil supply from Saudi Arabia to China from 2018 to 2020, replacing Russia as the top supplier
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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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