Global Bulk Container Packaging Market Growth 2023-2029
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.
LPI (LP Information)' newest research report, the “Bulk Container Packaging Industry Forecast” looks at past sales and reviews total world Bulk Container Packaging sales in 2022, providing a comprehensive analysis by region and market sector of projected Bulk Container Packaging sales for 2023 through 2029. With Bulk Container Packaging sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bulk Container Packaging industry.
This Insight Report provides a comprehensive analysis of the global Bulk Container Packaging landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bulk Container Packaging portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bulk Container Packaging market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bulk Container Packaging and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bulk Container Packaging.
The global Bulk Container Packaging market size is projected to grow from US$ 3043.3 million in 2022 to US$ 5353.3 million in 2029; it is expected to grow at a CAGR of 5353.3 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Bulk Container Packaging market by product type, application, key manufacturers and key regions and countries.
Segmentation by type
Material Handling Containers
Bulk Container Liners
Segmentation by application
Chemicals and Pharmaceuticals
Food and Beverages
Petroleum and Lubricants
Agricultural and Horticultural Products
This report also splits the market by region:
Middle East & Africa
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Environmental Packaging Technologies
Key Questions Addressed in this Report
What is the 10-year outlook for the global Bulk Container Packaging market?
What factors are driving Bulk Container Packaging market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Bulk Container Packaging market opportunities vary by end market size?
How does Bulk Container Packaging break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
Please note: The report will take approximately 2 business days to prepare and deliver.
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