The post Bulk Container Packaging Market is slated to witness a CAGR of 6.3% between 2022-32 appeared first on Newstrail.com authored by Future Market Insights

Between 2022 and 2031, the   bulk container packaging  market is projected to reach $34.1 billion, growing at an impressive CAGR of 6.3%. The expansion of industries that transport industrial chemicals in Bulk has increased the need for bulk containers.

The demand for improved and uncontaminated food and beverage distribution also allows for greater use of bulk containers. Increasing use of these bulk containers in the industrial sector is expected to maintain profitability globally.

Bulk Container Packaging Market Landscape

The bulk Container Packaging Market is segmented and the Tier 1 players in the market hold a 40-45% share in the global bulk container packaging market.

• Griff,
• Berry Global,
• Shield Air Corporation,
• DS Smith PLC,
• mondy group,
• Bemis Company,
• international paper company,
• Winpack Co., Ltd.
• Mouser Group BV,
• Hoover Ferguson Group,
• Braid Logistics (UK) Limited,
• Qingdao LAF Packaging Co., Ltd.;

My Flexitank Industries Sdn Bhd, SIA Flexitanks Limited, Environmental Packaging Technologies, Inc., Snyder Industries, Inc., Schuetz GmbH & Co. KGaA, Büscherhoff Spezialverpackung GmbH & Co. KG, Bulk Lift International, Inc, Shandong Anthente New Materials Technology Co., Ltd. , Ltd is a major player in the bulk container packaging market.

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Main Content

• The bulk container packaging market is expected to grow to ~1.6 times its current market value by 2031.
•  The bulk container segment is expected to account for more than four- ^fifths  of its value share  . flextanks segment to catch up
• Growing demand for plastic bulk containers due to growing preference for portable containers
• The industrial chemicals segment will account for nearly 45% of the value share.
• China will emerge as a very lucrative market, accounting for nearly 30% of its revenue share by the end of 2021.

 ”  Bulk containers are attracting attention day by day in the chemical and food and beverage sectors, due to the growing demand for flexitanks that transport harmless chemicals and food ingredients and penetrate the transport process  .” FMI analysts say:

Chemical Industry Safety Issues Boosting Demand for Rigid Intermediate Bulk Containers (RIBCs)

Rigid IBCs (RIBCs) mainly consist of plastic bottles, metal cages and spouts for easy emptying of materials used during transportation. A well-made plastic liner inside the container helps to keep each product safe during transportation, and the metal cage makes the container sturdy enough to stack. Rigid IBCs primarily transport liquids and are optimized to prevent spillage of each product during transport.

RIBC manufacturers are adopting business strategies to develop innovative products to fuel RIBC’s growth in the market. Many players have invested in the production of technologically advanced containers for product safety. The company has produced bulk containers equipped with traceability systems, giving customers direct visibility into the health of their products. Key players involved in RFID-enabled IBC’s R&D activities include CHEP(USA) Inc, Metano IBC Services, Inc, and Hoyer Group.

Main Sector

product

• Flexitank
• bulk container
  • flexible bulk container
  • Rigid Bulk Container
• bulk container liner

ingredient

• plastic
  • HDPE
  • LDPE
  • LLDPE
  • PP
  • PVC
  • Etc
• rail
• Others (Wood, Textile, Cardboard)

end use

• industrial chemicals
• petroleum and lubricants
• food and drink
• Paints, inks and dyes
• Restrictions
• Etc

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Bulk Container Packaging Market Report

Bulk containers are mainly designed for bulk storage and transportation of liquid and granular materials such as food ingredients, chemicals, pharmaceuticals, etc. Bulk containers are transported by a variety of vehicles. It can also be transported on cargo ships and very long monster truck trailers.

Most food and beverage, chemical and pharmaceutical companies are involved in bulk shipping processes. Bulk containers are the first choice for food grade transport as they can provide advantages to warehouse operators who inevitably require a safe and hygienic process to transport certain food items.

This collapsible container helps to ship these products in an efficient and safe way. Additionally, the use of polyliners inside bulk containers, sometimes during material transport, helps to maintain the hygiene and integrity of those products.

Key Segments Covered In Bulk Container Packaging Industry Research

Product:

• Flexitanks
• Bulk Containers
  • Flexible Bulk Containers
  • Rigid Bulk Containers
• Bulk Container Liners

Material:

• Plastic
  • HDPE
  • LDPE
  • LLDPE
  • PP
  • PVC
  • Others
• Metals
• Others (Wood, Fiber, Paper Board)

End Use:

• Industrial Chemicals
• Petroleum and Lubricants
• Food and Beverages
• Paints, Inks and Dyes
• Pharmaceutical
• Others