The global Inner bulk liners market is expected to be valued at US$ 2,196.1 Million in 2022, expected to reach US$ 3,645.9 Million by 2032. A CAGR worth 5.2% is expected for the market during the 2022-2032 forecast period.
Inner bulk liners are utilized in large multilayer bags, corrugated boxes, multilayer paper bags, and woven sacks. The inner bulk liners are tightly sealed and leak-free. Inner bulk liners provide a solid barrier against pests, insects, and other external pollutants. Manufacturers can rely on inner bulk liners to keep their food or beverage products fresh and tasty for a long time. These are the primary drivers of this market.
North America is predicted to grow rapidly in terms of market share and revenue share in the global inner bulk liners market during the forecast period. This is due to the region’s increasing demand for inner bulk liners. Because of the increasing demand for automation in the food and beverage industries in this region, this region dominates this market.
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Inner Bulk Liners Market: Market Dynamics
The demand for customized packaging solutions across the globe is fueling the growth of inner bulk liners market. The liberalization of foreign trade policies of several closed economies coupled with the increasing import and export of FMCG & FMCD products (fast-moving consumer goods and fast-moving consumer durables), is also a contributing factor for the growing demand of inner bulk liners.
The emergence along with the boom of mushrooming e-commerce startups around the globe require safe and fast logistic services. Inner bulk lines ensure the safety of the products in fast moving vehicles and also during loading & unloading of the goods; thereby accelerating the market growth. The superior humid control of the inner bulk liners makes it ideal for water transport of goods and thus contributes to the market growth.
Inner Bulk Liners Market: Segmentation Overview
The liquid bulk container liner is used to protect liquid products during their storage and transportation in sea containers. Liquid inner bulk liners are suitable for a broad range of liquid products whether they are food or non-food liquid products. Liquid food products include alcohol, concentrates, fruit juices, mineral water, vegetable oils, and wines, etc. Non-food liquid items include crude oils, detergents, emulsions, lubricants, natural latex and printing inks etc.
The dry bulk liners act as contamination free and sterile barrier between the product and the interior of the container. Dry bulk liners ensure a comfortable and safe environment for storage as well as transportation of a variety of goods. Products include chemical, food-grade, non-food-grade, industrial, pharmaceutical and mineral products.
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What are the Major Factors Boosting the Inner Bulk Liners Market?
The global demand for customized packaging solutions is propelling the expansion of the inner bulk liners market. The liberalization of numerous closed economies’ international trade laws, together with increased exports and imports of FMCG & FMCD products (fast-moving consumer goods and fast-moving consumer durables), is also contributing to the rapid expansion of the inner bulk liners market.
The proliferation of e-commerce firms around the world necessitates safe and timely logistic services. Inner bulk lines improve product safety in fast-moving vehicles as well as during loading and unloading of goods, increasing market growth. Because of the greater humidity management of the inner bulk liners, it is suitable for water transport of commodities and thereby contributes to global market growth.
Market Competition
The leading competitors in the global intermediate bulk container (IBC) liners market are now focused on strategies such as product innovations, mergers and acquisitions, new advancements, collaborations, joint ventures, and partnerships to strengthen their market position.
The key players of this market include Tufbag, Marsol Group, Bulk-Flow, Thrace Group, Vishakha PolyFab Pvt. Ltd.
- In September 2020, Amcor PLC collaborated with Swiss food giant Nestle to launch a breakthrough packaging solution in the recyclable packaging domain. The product in question is a recyclable retort pouch for cat food, expected to accrue an improvement of nearly 60% of the environmental footprint in consumer packaging.
- In July 2020, CDF Corporation received a UN recertification for its fiberboard box with a plastic bag combination package, providing the highest levels of protection for transporting hazardous products requiring class II and III packaging. The packaging box underwent four rigorous performance tests, including drop, stacking vibration and Cobb water absorption.
Key Companies Profiled
- Tufbag
- Marsol Group
- Bulk-Flow
- Thrace Group
- Vishakha PolyFab Pvt. Ltd.
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Key Segments Profiled in the Retort Pouches Market Survey
By Product Type:
- Stand-up Pouches
- Spouted Pouches
- Zipper Pouches
- Others
By Material Type:
- Polyethylene terephthalate (PET)
- Polyester
- Polypropylene
- Food-Grade Cast Polypropylene
- Nylon
- Other
By End Use:
- Food
- Pet food
- Baby food
- Sea food
- Ready-to-eat meals
- Soups & Sauces
- Others
By Application:
- Beverages
- Pharmaceutical
- Personal care
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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