The global bulk container packaging market is slated to witness a stellar CAGR of 6.3% between 2022 and 2030, reaching US$ 34.1 Bn by the year 2030.
Due to the rising need for flexitank for transferring non-hazardous chemicals and food components in bulk amounts, bulk containers are becoming more popular in the chemical and food and beverage sectors. Flexitank provides a value-added benefit over other bulk containers. Installation and loading of these tanks take less time. Additionally, the flexitanks are dominating the transportation process due to their superior properties, such as their light weight, low payload, and little danger of contamination.
Products used for bulk or high volume packing are included in bulk container packaging. These are shipped over land, sea, or rail in containers. Flexitanks, flexible intermediate bulk containers (FIBC), and bulk container liners are the three goods that are the subject of this report’s study of the bulk container packaging market. Drums, barrels, and boxes are some more bulk container packaging products that were not taken into account for the research.
Flexitanks are flexible bladders or containers that may transport non-hazardous liquids in a typical 20-foot container. They are made of polyethylene and polypropylene. Big bags or jumbo bags are other names for FIBCs. For the storage and transportation of dry, freely flowing materials, these are made of woven fabric. These bags come in a variety of sizes and product kinds on the market to accommodate a wide range of items that need to be transported. The sizes of 1 tonne and 2 tonnes are the most popular. Flexitanks’ increased operational and financial efficiency is one of the key factors boosting the market for bulk container packaging worldwide. It is projected that the market will grow as a result of an increase in Southeast Asian vegetable oil exports and bulk wine trading.
Global Bulk Container Packaging Market: Major Players
Environmental Packaging Technologies
Snyder Industries, Inc.
HBD Thermoid, Inc.
New Century Packaging Systems, LLC
FMC Technologies, Inc.
Container Handling Systems Corporation
Mauser Group B.V.
C.L. Smith Co.
Meyer Industries Limited
Trans Ocean Bulk Logistics Ltd.
Hoover Ferguson Group
Jumbo Bag Corporation
Global Bulk Container Packaging Market: By Types
Flexible Intermediate Bulk Container (FIBC)
Bulk Container Liners
Global Bulk Container Packaging Market: By Applications
Food & Beverage
The bulk container packaging market has been segmented into food and beverage, chemicals, and other applications (including pharmaceuticals). The usage of bulk containers for the transportation of dry, freely flowing chemicals or materials is a major market driver. The chemicals category, which leads the market in terms of application, is anticipated to maintain its dominance but experience modest increase throughout the forecast period.
The chemical sector makes substantial use of bulk container packing. The United States produces a lot of shale gas, which is then utilised as a feedstock to make other chemicals. A large number of investors are drawn to the chemicals business by the availability of low cost feedstock all around the world. The bulk container packaging will work best for the unique packaging and transportation needs that will result from this, driving this market’s growth prospects over the next years.
The nation portion of the research also lists specific market-impacting elements and modifications to market regulation that have an affect on the market’s present and future developments. Data points including technical trends, porter’s five forces analysis, case studies, and upstream and downstream value chain analyses are just a few of the indicators utilised to anticipate the market environment for certain nations. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands as well as the difficulties they encounter due to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.