The global Bulk Container Packaging market was valued at US$ 3110.9 million in 2020 and is expected to reach US$ 5398.9 million by the end of 2027, growing at a CAGR of 8.1% during 2021-2027.
Bulk container packages are transported in a range of vehicles, from humongous cargo ships to even super long monster truck trailers. Transportation plays the most crucial role in the supply chain operations, as it allows the movement of goods from the place where it is manufactured, to the place where it is ordered. Globalization generates favorable circumstances by keeping manufacturing bases distant from consumption regions. Transportation costs are considered the largest part of the total cost, hence there is a rising requirement for more innovative and cost-effective bulk container packaging solutions, to reduce the transportation costs on the whole. Flexible bulk packaging is expected to register a rapid growth than rigid bulk packaging. Improvements in flexible bulk packaging are generally led by film wrap and flexible intermediate bulk containers. Owing to its increased use in securing pallets and various packaging formats during shipment, film wrap is expected to show a positive growth. Correspondingly, the increase in the usage of films for bundling bulk and multipack items in retail settings,for instance in warehouse-style stores, is driving the growth of the market. In rigid bulk packaging, RIBCs and material handling containers are expected to grow at a faster rate, when compared to the established drums and pails.
The increased demand in the oil and petroleum industry across the globe is a major driver of the global bulk container packaging market. Bulk containers, being reusable and very durable, have a very high operational value and incredible cost efficiency. This along with the increased trade in the global wine and beverages industry is driving the global bulk container packaging market. However, the highly volatile costs of raw materials, and the strict and stringent regulatory policies are significant restraints to the growth of this market. An improved trade relationship amongst the BRICS nations has had a positively significant impact on the global bulk container packaging market.
Global Bulk Container Packaging Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Bulk Container Packaging Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are BLT, Braid Logistics, Büscherhoff Spezialverpackung, Environmental Packaging Technologies, Shandong Anthente and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-bulk-container-packaging-market-outlook
Segment by Type
- Drums
- Pails
- Material Handling Containers
- Bulk Container Liners
- RIBCs
- FIBCs
- Flexi Tanks
- Others
Segment by Application
- Chemicals and Pharmaceuticals
- Food and Beverages
- Petroleum and Lubricants
- Agricultural and Horticultural Products
- Durable Goods
Table of Content:
1 Bulk Container Packaging Market Overview
2 Bulk Container Packaging Market Competition by Manufacturers
3 Bulk Container Packaging Retrospective Market Scenario by Region
4 Global Bulk Container Packaging Historic Market Analysis by Type
5 Global Bulk Container Packaging Historic Market Analysis by Application
6 Key Companies Profiled
7 Bulk Container Packaging Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Bulk Container Packaging Market Dynamics
10 Global Bulk Container Packaging Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
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Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.