The bulk container packaging market is predicted to grow at a robust CAGR of 6.3% between 2022 and 2031, reaching a substantial market value of $34.1 billion. This market revolves around the production and distribution of durable containers designed to store and transport large volumes of products. These containers are constructed from materials such as steel, plastic, or paperboard and come in various sizes, from barrels to pallets. As a crucial part of the broader packaging industry, the bulk container packing sector is expected to experience consistent growth in the coming years.
Several factors contribute to the growth of this market. One of the main drivers is the increasing demand for efficient and cost-effective solutions for transporting and storing bulk goods and liquids. With the growth of international trade, businesses seek to optimize their supply networks and reduce the number of individual units being transported, creating a higher demand for bulk container packaging.
The expansion of the chemical and petrochemical industries, as well as rising consumer demand for food and beverages, also fuels the market’s growth. Additionally, there is a growing preference for sustainable and environmentally friendly packaging alternatives, driven by heightened consumer awareness and concerns about the environment.
A significant trend in the bulk container packaging industry is the rising demand for sustainable and eco-friendly packaging options. As consumers focus more on reducing their environmental impact, companies face pressure to minimize their carbon footprint and adopt more sustainable practices. To meet evolving market demands, many bulk container producers are developing new materials, such as recyclable plastics and biodegradable paperboard.
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In conclusion, the bulk container packaging market plays a vital role in the global packaging industry. Driven by the growth of international trade, the need for efficient transportation, and the demand for sustainable packaging solutions, the market is highly competitive, with numerous manufacturers striving for market share. To stay competitive and cater to customers’ evolving preferences, companies must adapt to emerging trends and technologies in the industry.
Key Takeaways:
- The bulk container packaging market is estimated to grow to about 1.6 times its current market value by 2031.
- The bulk container segment is expected to hold over 80% of the value share, with the flextanks segment also gaining traction.
- The demand for plastic bulk containers is increasing due to their easy-to-carry nature.
- The industrial chemicals segment is projected to hold nearly 45% of the value share.
- China is anticipated to emerge as a highly lucrative market, contributing to nearly 30% of the revenue share by the end of 2021
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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Global Bulk Container Packaging Market: United States to Lead with Strong Competition and Growing Demand
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.
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.
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.
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.
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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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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.
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