The bulk container packing market is expected to grow at a CAGR of 6.3% between 2022 and 2031, reaching a market value of $34.1 billion. This market involves the manufacturing and distribution of durable containers designed for the storage and transportation of large volumes of products. These containers can be made from materials like steel, plastic, or paperboard and come in various sizes, ranging from barrels to pallets. The bulk container packing industry plays a vital role in the broader packaging industry and is projected to experience consistent growth in the coming years.
Several factors contribute to the growth of the bulk container packaging market. One of the main drivers is the increasing demand for efficient and cost-effective solutions for transporting and storing bulk goods and liquids. This demand is fueled by the growth of international trade, as businesses strive to optimize their supply networks and minimize the number of individual units being transported.
Furthermore, the expansion of the chemical and petrochemical industries, along with the rising consumer demand for food and beverages, has contributed to market growth. Additionally, there is a growing preference for sustainable and environmentally friendly packaging alternatives, driven by heightened consumer awareness and environmental concerns.
A notable trend in the bulk container packaging industry is the rising demand for sustainable and eco-friendly packaging options. With consumers increasingly focused on reducing environmental impact, companies face pressure to minimize their carbon footprint and adopt more sustainable practices. In response, many bulk container producers are developing new materials, such as recyclable plastics and biodegradable paperboard, to meet evolving market demands.
Get a sample report to refine your market positioning and develop effective marketing strategies@ https://www.futuremarketinsights.com/reports/sample/rep-gb-4255
In conclusion, the bulk container packaging market holds significant importance within the global packaging industry. Driven by the growth of international trade, the need for efficient transportation, and the demand for sustainable packaging solutions, this market is highly competitive, with numerous manufacturers vying for market share. To stay competitive and cater to the evolving preferences of customers, companies must adapt to emerging trends and technologies in the industry.
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
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.
Request a customized report to support your strategic planning process with insights into industry-specific trends, drivers, and challenges@ https://www.futuremarketinsights.com/customization-available/rep-gb-4255
Global Bulk Container Packaging Market: United States to Lead with Strong Competition and Growing Demand
According to in-depth analysis by FMI, the United States is projected to dominate the global bulk container packaging market, surpassing other countries in terms of growth during the forecast period. It is expected to generate an additional revenue opportunity of approximately US$ 4.6 billion by the end of 2031. The increasing industrial production activities in the country are driving the demand for bulk container packaging, particularly large-sized foldable containers favored by end-users.
However, the US market poses tough competition due to the presence of numerous established players. This intensifies the entry barriers for new participants and smaller-scale industries. To thrive in this competitive landscape, manufacturers are focusing on producing flexible and foldable bulk containers, which are gradually replacing traditional bulk containers across various end-use industries.
Germany, one of the top five countries analyzed, holds a significant market share of approximately 12% in the global bulk container packaging market. The country’s prominence can be attributed to its substantial export of medicines and drugs, accounting for nearly 15% of global exports in 2019. The demand for bulk container packaging in Germany remains high due to the increasing export and advancements in the pharmaceutical industry.
Saudi Arabia has emerged as the leading crude oil exporter to China, surpassing Russia. Customs data from China’s General Administration revealed a substantial increase in Saudi Arabia’s crude oil exports to China in October 2019 compared to the previous month. This shift in rankings signifies Saudi Arabia’s growing presence in the global crude oil market. The average daily crude oil exports from Saudi Arabia to China witnessed a remarkable 77% surge from 2018 to 2020, solidifying its position as a key supplier.
Key Benefits for Bulk Container Packaging Market:
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries in each region have been mapped according to their individual revenue contribution to the global/regional market.
- It outlines the current trends and future scenario of the market from 2022 to 2031 to understand the prevailing opportunities and potential investment pockets.
- The profiles of key players along with their key strategic developments are enlisted in the report.
- The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
Save now on your report purchase with our exclusive discount, and make the most of your budget @ https://www.futuremarketinsights.com/request-discount/rep-gb-4255
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
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
LinkedIn| Twitter| Blogs