Industrial Bulk Packaging Market
Industrial Bulk Packaging Market Forecasts to 2030 - Global Analysis By Product (Drums & Barrels, Intermediate Bulk Containers (IBCs), Bulk Bags, Totes/Crates and Other Products), Material (Corrugated Cardboard, Plastic, Metal, Wood and Other Materials), End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $27.2 BN |
|
Projected Year Value (2030) |
US $35.5 BN |
|
CAGR (2024-2030) |
4.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Industrial Bulk Packaging Market is accounted for $27.2 billion in 2024 and is expected to reach $35.5 billion by 2030, growing at a CAGR of 4.5% during the forecast period. Industrial bulk packing is a type of packaging option made to effectively move and store significant amounts of cargo. Containers of this kind are used in a variety of industries, including construction, chemicals, food and beverage, pharmaceuticals, and bulk bags. The main goals are to reduce packaging expenses, improve product safety, ease handling, and streamline logistics by offering robust and reusable solutions that are customized to meet the needs of bulk materials.
According to the United Nations Conference on Trade and Development (UNCTAD), the global shipping industry, which heavily relies on industrial bulk packaging, saw a 4% increase in seaborne trade volumes in 2022.
Market Dynamics:
Driver:
Increasing international trade activities
As global commerce expands, there is an increasing need for efficient and secure packaging solutions to transport goods across long distances. Industrial bulk packaging, such as intermediate bulk containers (IBCs) and drums, offers cost-effective and reliable options for shipping large quantities of materials. This trend is particularly evident in industries like chemicals, pharmaceuticals, and food & beverages, where bulk transportation is common.
Restraint:
Fluctuating raw material prices
The manufacturing of bulk packaging products relies on materials such as plastic, metal, and paper, whose prices can be volatile due to various factors, including supply chain disruptions and production issues. These price fluctuations can create uncertainty in product pricing, making it difficult for manufacturers to maintain consistent profit margins. Additionally, it can lead to challenges in budget management and long-term planning for both manufacturers and end-users of industrial bulk packaging.
Opportunity:
Increasing demand for customized packaging solutions
The rising demand for customized packaging solutions presents a significant opportunity for the industrial bulk packaging market. As industries evolve and products become more specialized, there is a growing need for tailored packaging that meets specific requirements in terms of size, material, and functionality. This trend allows packaging manufacturers to differentiate their offerings and potentially capture higher-value market segments. Customized solutions can address unique challenges in various industries, such as pharmaceuticals requiring temperature-controlled packaging or chemicals needing specialized containment features.
Threat:
Environmental concerns
Environmental concerns pose a significant threat to the industrial bulk packaging market. With increasing global focus on sustainability and reducing plastic waste, there is growing pressure on the packaging industry to develop more eco-friendly solutions. This shift in consumer and regulatory attitudes could potentially lead to restrictions on certain types of bulk packaging materials, particularly those that are not easily recyclable or biodegradable.
Covid-19 Impact:
The COVID-19 pandemic had a mixed impact on the industrial bulk packaging market. Initial disruptions in supply chains and manufacturing led to decreased demand in some sectors. However, increased e-commerce activities and the need for safe transportation of essential goods, particularly in the pharmaceutical and food industries, partially offset these losses. The pandemic also accelerated trends towards more hygienic and secure packaging solutions, potentially influencing future market directions.
The intermediate bulk containers (IBCs) segment is expected to be the largest during the forecast period
The intermediate bulk containers (IBCs) segment is predicted to secure the largest market share throughout the forecast period. IBCs offer significant advantages in terms of efficiency, cost-effectiveness, and versatility for bulk transportation and storage. Their stackability, reusability, and compatibility with automated handling systems make them increasingly popular across various industries. The growing demand for IBCs in sectors such as chemicals, food & beverages, and pharmaceuticals, coupled with their ability to optimize storage space and reduce transportation costs, contributes to their dominant market position.
The paper & paperboard segment is expected to have the highest CAGR during the forecast period
The paper and paperboard segment is projected to have the highest CAGR during the extrapolated period. This growth is driven by increasing environmental concerns and the shift towards sustainable packaging solutions. Paper and paperboard offer recyclable and biodegradable alternatives to plastic packaging, aligning with growing consumer and regulatory demands for eco-friendly options. The versatility of paper-based packaging, coupled with innovations in strength and barrier properties, makes it suitable for a wide range of applications, contributing to its rapid market growth.
Region with largest share:
The Asia Pacific region is projected to account for the largest market share during the forecast period. This dominance is attributed to rapid industrialization, increasing manufacturing activities, and growing international trade in countries like China and India. The region's expanding food & beverage, chemical, and pharmaceutical industries drive significant demand for industrial bulk packaging solutions. Additionally, the rise in e-commerce and retail sectors further contributes to the region's market leadership.
Region with highest CAGR:
The Asia Pacific region is projected to achieve the highest CAGR during the forecast period. This rapid growth is fueled by factors such as urbanization, population growth, and rising disposable incomes, which drive increased consumption and production across various industries. The region's focus on infrastructure development and the expansion of end-use industries create a favorable environment for the industrial bulk packaging market. Moreover, the adoption of advanced packaging technologies and the shift towards sustainable solutions contribute to the region's accelerated growth rate.
Key players in the market
Some of the key players in Industrial Bulk Packaging Market include Greif, Inc., Mondi Group, Berry Global Inc., Amcor, Sonoco, Mauser Packaging Solutions, SCHÜTZ GmbH & Co. KGaA, Hoover Ferguson Group, Cleveland Steel Container, Composite Containers LLC, Time Technoplast Ltd., Eagle Manufacturing Company, and SIA Flexitanks Ltd.
Key Developments:
In September 2024, Greif, Inc. opened a new Intermediate Bulk Container (IBC) facility in Pasir Gudang, Malaysia. The facility manufactures IBCs for various industries such as food, chemicals, lubricants, flavors, and fragrances.
In March 2023, Mauser Packaging Solutions opened a new, state-of-the-art manufacturing facility near Shanghai, China, expanding production capabilities of 230L and 250L plastic drums.
Products Covered:
• Drums & Barrels
• Intermediate Bulk Containers (IBCs)
• Bulk Bags
• Totes/Crates
• Other Products
Materials Covered:
• Corrugated Cardboard
• Plastic
• Metal
• Wood
• Other Materials
End Users Covered:
• Automotive
• Building & Construction
• Chemicals
• Electronics
• Food & Beverages
• Oil & Gas
• Agriculture
• Pharmaceuticals
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
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 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- 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
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Industrial Bulk Packaging Market, By Product
5.1 Introduction
5.2 Drums & Barrels
5.3 Intermediate Bulk Containers (IBC)
5.4 Bulk Bags
5.5 Totes/Crates
5.6 Other Products
6 Global Industrial Bulk Packaging Market, By Material
6.1 Introduction
6.2 Corrugated Cardboard
6.3 Plastic
6.4 Metal
6.5 Wood
6.6 Other Materials
7 Global Industrial Bulk Packaging Market, By End User
7.1 Introduction
7.2 Automotive
7.3 Building & Construction
7.4 Chemicals
7.5 Electronics
7.6 Food & Beverages
7.7 Oil & Gas
7.8 Agriculture
7.9 Pharmaceuticals
7.10 Other End Users
8 Global Industrial Bulk Packaging Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Greif, Inc.
10.2 Mondi Group
10.3 Berry Global Inc.
10.4 Amcor
10.5 Sonoco
10.6 Mauser Packaging Solutions
10.7 SCHÜTZ GmbH & Co. KGaA
10.8 Hoover Ferguson Group
10.9 Cleveland Steel Container
10.10 Composite Containers LLC
10.11 Time Technoplast Ltd.
10.12 Eagle Manufacturing Company
10.13 SIA Flexitanks Ltd.
List of Tables
1 Global Industrial Bulk Packaging Market Outlook, By Region (2022-2030) ($MN)
2 Global Industrial Bulk Packaging Market Outlook, By Product (2022-2030) ($MN)
3 Global Industrial Bulk Packaging Market Outlook, By Drums & Barrels (2022-2030) ($MN)
4 Global Industrial Bulk Packaging Market Outlook, By Intermediate Bulk Containers (IBC) (2022-2030) ($MN)
5 Global Industrial Bulk Packaging Market Outlook, By Bulk Bags (2022-2030) ($MN)
6 Global Industrial Bulk Packaging Market Outlook, By Totes/Crates (2022-2030) ($MN)
7 Global Industrial Bulk Packaging Market Outlook, By Other Products (2022-2030) ($MN)
8 Global Industrial Bulk Packaging Market Outlook, By Material (2022-2030) ($MN)
9 Global Industrial Bulk Packaging Market Outlook, By Corrugated Cardboard (2022-2030) ($MN)
10 Global Industrial Bulk Packaging Market Outlook, By Plastic (2022-2030) ($MN)
11 Global Industrial Bulk Packaging Market Outlook, By Metal (2022-2030) ($MN)
12 Global Industrial Bulk Packaging Market Outlook, By Wood (2022-2030) ($MN)
13 Global Industrial Bulk Packaging Market Outlook, By Other Materials (2022-2030) ($MN)
14 Global Industrial Bulk Packaging Market Outlook, By End User (2022-2030) ($MN)
15 Global Industrial Bulk Packaging Market Outlook, By Automotive (2022-2030) ($MN)
16 Global Industrial Bulk Packaging Market Outlook, By Building & Construction (2022-2030) ($MN)
17 Global Industrial Bulk Packaging Market Outlook, By Chemicals (2022-2030) ($MN)
18 Global Industrial Bulk Packaging Market Outlook, By Electronics (2022-2030) ($MN)
19 Global Industrial Bulk Packaging Market Outlook, By Food & Beverages (2022-2030) ($MN)
20 Global Industrial Bulk Packaging Market Outlook, By Oil & Gas (2022-2030) ($MN)
21 Global Industrial Bulk Packaging Market Outlook, By Agriculture (2022-2030) ($MN)
22 Global Industrial Bulk Packaging Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
23 Global Industrial Bulk Packaging Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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