Global Bulk Container Packaging Market Size By Type (Flexible Intermediate Bulk Containers (FIBC), Flexitanks), By Application (Chemicals, Food & Beverages, Pharmaceuticals), By Geographic Scope And Forecast
Report ID: 357289|No. of Pages: 202
Global Bulk Container Packaging Market Size By Type (Flexible Intermediate Bulk Containers (FIBC), Flexitanks), By Application (Chemicals, Food & Beverages, Pharmaceuticals), By Geographic Scope And Forecast
Bulk Container Packaging Market Size And Forecast
Bulk Container Packaging Market size is valued at USD 18.00 Billion in the year 2022 and it is expected to reach USD 28.72 Billion in 2030 at a CAGR of 6.23% over the forecast period of 2023 to 2030.
Globalization and growing commerce necessitate efficient transportation options, which drive the market for bulk container packing. Companies are being pushed by environmental concerns to develop sustainable packaging practices. Furthermore, sectors that require the transportation of huge amounts of commodities, including agriculture, chemicals, and construction, drive up demand for bulk container packing. Its capacity to optimize operations, reduce waste, and improve supply chain efficiency propels its market expansion even more. The Global Bulk Container Packaging Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Bulk Container Packaging Market Definition
The use of big, durable containers meant to carry and store vast amounts of commodities, resources, or products is referred to as bulk container packing. These containers are designed to handle bulk commodity shipment, storage, and distribution effectively, optimizing supply chain processes and avoiding the need for wasteful individual packing. Intermediate bulk containers (IBCs), flexible bulk bags, collapsible containers, and specialized bulk bins are all examples of bulk container packaging options.
Intermediate bulk containers (IBCs) are substantial containers composed of plastic, metal, or composite materials. They can transport and store large quantities of liquid or dry materials and are frequently utilized for transporting and storing chemicals, medications, food components, and other items. On the contrary, flexible, intermediate bulk bags are significant, flexible containers made of woven polypropylene fabric used to carry granular or powdered goods like cereals, fertilizers, and building materials.
When not being used use, collapsible containers fold or collapse, saving storage space and shipping expenses on subsequent visits. These containers are appropriate for commodities packed, sent, and returned several times within the supply chain. Specialized bulk bins are designed to meet the needs of specific sectors, such as agricultural, automotive, and manufacturing, and provide customized solutions for carrying and storing industry-specific materials.
Bulk container packing has several advantages, including less packaging waste, increased logistics efficiency, and lower handling costs. Consolidating more significant amounts of commodities into single containers reduces the requirement for individual packing units, optimizing storage facility and vehicle capacity use. As a result, the environmental effect is reduced, and overall packing expenses are reduced.
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Global Bulk Container Packaging Market Overview
Bulk container packaging offers an option that minimizes waste, optimizes space utilization, and lowers the need for excessive individual packing as organizations attempt to simplify their logistical operations and decrease their environmental impact. This is consistent with the global trend for greener practices and the lowering of carbon footprints associated with packaging. A further driver is the demand for cost-effectiveness and operational efficiency. Bulk container packing allows for transporting and storing larger quantities of items in a single container, lowering handling costs, transportation costs, and the need for extra packaging materials. Furthermore, bulk material consolidation improves inventory management, reducing stockouts and guaranteeing a more effective supply chain flow.
Furthermore, the move towards global commerce and long-distance transportation of commodities has boosted the need for efficient, dependable, and secure packaging solutions. Bulk containers offer strong, standardized packaging that can endure the rigors of transportation, ensuring that items reach their destinations in good condition.
Additionally, businesses with high-volume transportation needs, including agriculture, chemicals, and construction, benefit from bulk container packaging’s scalability and flexibility. It meets the particular demands of these industries by allowing for the safe and efficient delivery of huge amounts of raw materials, intermediary products, or completed items. Such containers’ immense size and weight can make handling and storage difficult, especially in busy facilities or confined places. Furthermore, their basic design may only be appropriate for some commodities or enterprises with specialized packaging requirements. For smaller enterprises with limited resources, the initial expenditure in bulk containers and any associated handling equipment may also be a barrier.
Global Bulk Container Packaging Market Segmentation Analysis
The Global Bulk Container Packaging Market is Segmented on the Basis of Type, Application, And Geography.
Bulk Container Packaging Market, By Type
- Flexible Intermediate Bulk Containers (FIBC)
- Flexitanks
- Bulk Container Liners
- Others
Based on Type, the market is segmented into Flexible Intermediate Bulk Containers (FIBC), Flexitanks, Bulk Container Liners, and Others. The Bulk Container Liners segment held a significant market share in the Bulk Container Packaging market in 2021. These polyethylene or polypropylene liners act as a barrier of protection within bulk containers, protecting commodities from contamination, moisture, and external factors during transit and storage. These liners serve industries dealing with food, chemicals, and agricultural items by improving product integrity and reducing the requirement for cleaning or disposal of bulk containers after use.
Bulk Container Packaging Market, By Application
- Chemicals
- Food & Beverages
- Pharmaceuticals
- Others
Based on the Application, the market is segmented into Chemicals, Food & Beverages, Pharmaceuticals, and Others. The Pharmaceuticals segment held a significant market share in the Bulk Container Packaging market in 2021. The requirement for effective transport and storage of pharmaceutical components and products drives the pharmaceutical sector’s need for bulk container packaging. Bulk containers provide for the safe and secure transportation of large amounts of pharmaceutical ingredients, lowering the danger of contamination and preserving product integrity. This packaging solution is critical for optimizing inventory management, expediting pharmaceutical supply chains, and satisfying demanding regulatory standards while maintaining the efficiency and safety of pharmaceutical goods.
Bulk Container Packaging Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
On the basis of Geography, the global Bulk Container Packaging market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific region will hold a significant marketplace in 2021. The Asia Pacific region’s dynamic industrial, agricultural, and export industries drive substantial demand for bulk container packing. The growth of bulk container packing is driven by rapid industrialization, growing international commerce, and the need for cost-effective and sustainable logistics solutions. It supports supply chain effectiveness while accommodating the region’s diversified and rising economies by transporting raw materials, agricultural products, and manufactured goods.
Key Players
The “Global Bulk Container Packaging Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are Anthente, Bulk Lift International, Braid Logistics, Buscherhoff Spezialverpackung, Environmental Packaging Technologies, AmeriGlobe, BAG Corp, Bulk Handling Australia, CorrPak Bulk Packaging Systems, Grief, Intertape Polymer Group, J&HM Dickson, Jumbo Bag, LC Packaging, LinerTech, among others.
Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Anthente, Bulk Lift International, Braid Logistics, Buscherhoff Spezialverpackung, Environmental Packaging Technologies, AmeriGlobe, BAG Corp, Bulk Handling Australia, CorrPak Bulk Packaging Systems, Grief, Intertape Polymer Group, J&HM Dickson, Jumbo Bag, LC Packaging, LinerTech |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Industry Analysis Matrix
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