Between 2022 and 2031, the bulk container packaging market is projected to reach $34.1 billion, growing at an impressive CAGR of 6.3%. The expansion of industries that transport industrial chemicals in bulk has increased the need for bulk containers.
The demand for improved and uncontaminated food and beverage distribution also allows for greater use of bulk containers. Increasing use of these bulk containers in the industrial sector is expected to maintain profitability globally.
Bulk Container Packaging Market Landscape
The bulk container packaging market is segmented and the Tier 1 players in the market hold a 40-45% share in the global bulk container packaging market.
- Berry Global,
- Shield Air Corporation,
- DS Smith PLC,
- mondy group,
- Bemis Company,
- international paper company,
- Winpack Co., Ltd.
- Mouser Group BV,
- 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. , Ltd is a major player in the bulk container packaging market.
Get Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4255
- The bulk container packaging market is expected to grow to ~1.6 times its current market value by 2031.
- The bulk container segment is expected to account for more than four- fifths of its value share . flextanks segment to catch up
- Growing demand for plastic bulk containers due to growing preference for portable containers
- The industrial chemicals segment will account for nearly 45% of the value share.
- China will emerge as a very lucrative market, accounting for nearly 30% of its revenue share by the end of 2021.
" Bulk containers are attracting attention day by day in the chemical and food and beverage sectors, due to the growing demand for flexitanks that transport harmless chemicals and food ingredients and penetrate the transport process ." FMI analysts say:
Bulk Container Packaging Demand Analysis (2015 To 2021) Vs Market Outlook (2022 To 2031)
Requirement of bulk shipping and storing of materials in warehouses have invented the need for bulk container packaging. An entrepreneur named Malcom McLean invented a cost-effective and an efficient alternative to move cargo between New Jersey and Texas in 1956. From then onwards people are preferring the method of "containerization" for transporting bulk shipping materials.
Food & beverage and pharmaceutical industries have remained key to the market for bulk container packaging and it is anticipated that the growing business and startups in food industry are going to boost the business of bulk container packaging market.
Further, consumers' need for versatile and spill proof shipping container has resulted in an increasing demand for bulk container packaging. Such containers keep the stored contents safe even in turbulent journeys. End-users are targeting a single solution to address both - economic transportation and effective storage of the product.
Chemical Industry Safety Issues Boosting Demand for Rigid Intermediate Bulk Containers (RIBCs)
Rigid IBCs (RIBCs) mainly consist of plastic bottles, metal cages and spouts for easy emptying of materials used during transportation. A well-made plastic liner inside the container helps to keep each product safe during transportation, and the metal cage makes the container sturdy enough to stack. Rigid IBCs primarily transport liquids and are optimized to prevent spillage of each product during transport.
RIBC manufacturers are adopting business strategies to develop innovative products to fuel RIBC's growth in the market. Many players have invested in the production of technologically advanced containers for product safety. The company has produced bulk containers equipped with traceability systems, giving customers direct visibility into the health of their products. Key players involved in RFID-enabled IBC's R&D activities include CHEP(USA) Inc, Metano IBC Services, Inc, and Hoyer Group.
- bulk container
- flexible bulk container
- Rigid Bulk Container
- bulk container liner
- Others (Wood, Textile, Cardboard)
- industrial chemicals
- petroleum and lubricants
- food and drink
- Paints, inks and dyes
Report customizable @ https://www.futuremarketinsights.com/customization-available/rep-gb-4255
Bulk Container Packaging Market Report
Bulk containers are mainly designed for bulk storage and transportation of liquid and granular materials such as food ingredients, chemicals, pharmaceuticals, etc. Bulk containers are transported by a variety of vehicles. It can also be transported on cargo ships and very long monster truck trailers.
Most food and beverage, chemical and pharmaceutical companies are involved in bulk shipping processes. Bulk containers are the first choice for food grade transport as they can provide advantages to warehouse operators who inevitably require a safe and hygienic process to transport certain food items.
This collapsible container helps to ship these products in an efficient and safe way. Additionally, the use of polyliners inside bulk containers, sometimes during material transport, helps to maintain the hygiene and integrity of those products.
Intermediate Bulk Container (IBC) Market By Product (RIBC, FIBC), Material (Metal & Paperboard, Plastic), Content (Liquid, Solid & Semi-Solid) & Region - Forecast 2021 - 2031
Intermediate Bulk Container (IBC) Liner Market by Capacity (Up to 1,000 liters, 1,000 to 1,500 liters, Above 1,500 liters), Material Type (Polyethylene, LDPE, LLDPE, Polyamide (PA), Others), Thickness, Content Type, Filling Technology, End-use & Region - Forecast to 2020-2030
Bulk Liquid Containers Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment; 2018 - 2028
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
For Sales Enquiries: email@example.com
Browse Latest Market reports: https://www.futuremarketinsights.com/reports
The post Bulk Container Packaging Market By Product, Material, End Use & Region - Forecast 2022-2031 appeared first on Future Market Insights.
This content is published on behalf of the above source. Please contact them directly for any concern related to the above.
This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.