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Bulk Container Packaging Market

Bulk Container Packaging Market Forecasts to 2028 – Global Analysis By Product (Bulk Containers, Flexitanks, Bulk Container Liners), End User (Industrial Chemicals, Food and Beverages, Pharmaceutical), and By Geography

5.0 (37 reviews)
Published: July 2021 ID: SMRC20808
5.0 (37 reviews)
Published: July 2021 ID: SMRC20808

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Bulk Container Packaging market is accounted for $3.65 billion in 2020 and is expected to reach $8.97 billion by 2028 growing at a CAGR of 11.9% during the forecast period. Some of the key factors propelling the market growth include increasing use of flexitank among regional end-user industries, growing export of bulk container packed products, increasing transportation of oils and other materials in bulk across the globe, increasing export of food products and pharmaceuticals materials, and rising exploration of dry or free-flowing chemicals and agricultural products worldwide. However, growing environmental concerns over the use of plastic is restraining the market growth.

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A bulk container is designed to store and transport bulk liquid and granulated substances, such as food ingredients, solvents, chemicals, and pharmaceuticals, among others, in large quantities. Bulk container packages are transported in a range of vehicles, from humongous cargo ships to even super long monster truck trailers. Bulk containers are generally manufactured by using petrochemicals such as polypropylene (PP) and polyethylene (PE). Bulk packaging containers are used across various industries, however, it is dominated by the food industry, followed by the chemical industry. These are used for storing and transporting dry as well as liquid food products. They serve as an ideal replacement for corrugated boxes and plastic containers. Owing to promising product use in the food industry, the overall bulk container packaging market is hugely influenced by growth in this sector.

By product, the drum segment is projected to record robust growth in the global face mask market during the forecast period. Drums are cylindrical containers used for the shipping of bulk cargo. They are often certified for the shipment of dangerous goods that are substances, solids, liquids, or gases that can harm people. Dangerous goods include materials that are radioactive, flammable, explosive, corrosive, oxidizing, asphyxiating, biohazardous, toxic, pathogenic, or allergenic, such as ammonia, hydrogen, etc. Therefore, increasing the shipments and trade of these hazardous goods may drive the use of bulk drums. For instance, majorly used in transporting hazardous goods, drums made of steel prove to be more beneficial. This is because, steel is durable and reliable, and performs well in both cold and hot temperatures, and is fire-resistant. This makes it an ideal match for drums containing combustible or flammable materials.

On the basis of geography, North America region is estimated to be the fastest-growing region in the market over the forecast period, due to increasing corn, oilseeds, grains such as soybean, and feeds demand from the U.S. The region is engaged in exporting alcoholic beverages including beer and wine globally in large volume. The United States is one of the largest markets for bulk containers, globally. The increasing expansion in the chemical industry, owing to the newfound shale resources, is expected to strengthen the demand for bulk containers, in the region. Also, the country’s immense exports from the chemical and pharmaceutical sector keep a constant demand for the rigid bulk containers, such as drums and pails. The country also has a well-established reconditioning infrastructure, boosting pooling networks, across the country.

Some of the key players in Bulk Container Packaging Market include Sealed Air Corporation, DS Smith Plc, International Paper Company, Hoover Ferguson Group, My Flexitank Industries Sdn Bhd, Schuetz GmbH & Co. KGaA, SIA Flexitanks Limited, Greif, Inc., Berry Global, Inc., Winpak Ltd, BAG Corporation, Braid Logistics (UK) Limited, Qingdao LAF Packaging Co. Ltd., Mondi Group, Bemis Company, Inc. , Mauser Group B.V, Snyder Industries, Inc, and Bulk Lift International, Inc.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 3.65 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

11.9%

Predicted 2028 Value:

USD 8.97 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

273

Chapters Covered:

Product, Material, End User and Region

Core Drivers and Opportunities:

  • Growing use of flexitanks among regional end-user industries
  • Rising transportation of oils and other materials in bulk across the globe
  • Increasing usages of product owing to various benefits such as low contamination risk, high payload, low weight, and eco-friendliness

Restraining Factors & Market Threats:

  • Increasing environmental concerns over the usage of plastic
  • Volatility in prices of oil and feedstock


Products Covered:
• Bulk Containers
• Flexitanks
• Bulk Container Liners
• Material Handling Containers
• Pails
• Dunnage Air Bags
• Drums
• Pallets

Materials Covered:
• Metals
• Plastic
• Other Materials

End Users Covered:
• Industrial Chemicals
• Durable Goods
• Food and Beverages
• Paints, Inks and Dyes
• Agricultural and Horticultural Products
• Pharmaceutical
• Petroleum and Lubricants
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand 
o South Korea              
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Bulk Container Packaging Market is majorly driven by increasing export of bulk container packed products, rising exploration of dry or free-flowing chemicals and agricultural products worldwide, and growing demand from food & beverage and chemical industry.

The flexi tanks segment is growing at a highest CAGR owing to the efficiency and effectiveness associated with such tanks, increased industrial manufacturing and effective transport, and utility of flexitanks in shipping wine, food grade liquids, oil, and nonhazardous chemicals.

North America dominated with a significant market share due to growing corn, oilseeds, grains such as soybean, feeds demand from the U.S. and rising growth in the chemical industry owing to the newfound shale resources.

Asia Pacific market is growing at a highest CAGR owing to increasing population mainly in China and India, rising demand for aforesaid food products in the region, improving customer lifestyle, and increasing disposable income in the region.

Some of the key players in Bulk Container Packaging Market include Sealed Air Corporation, DS Smith Plc, International Paper Company, Hoover Ferguson Group, My Flexitank Industries Sdn Bhd, Schuetz GmbH & Co. KGaA, SIA Flexitanks Limited, Greif, Inc., Berry Global, Inc., Winpak Ltd, BAG Corporation, Braid Logistics (UK) Limited, Qingdao LAF Packaging Co. Ltd., Mondi Group, Bemis Company, Inc., Mauser Group B.V, Snyder Industries, Inc, and Bulk Lift International, Inc.

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