Global Bulk Container Packaging Market - By Type (Drums, Pails, Material Handling Containers, Bulk Container Liners, RIBC, Flexi Tanks, FIBC), Industry, Geography, Trends, Forecast - (2017 - 2022)
The global bulk container packaging market was valued at USD 3.12 billion in 2016 and is estimated to grow at a CAGR of 10.80% during the forecast period 2017-2022 and reach USD 5.77 billion by 2022. The sheer volume of resources and products being transported across the globe these days is a strong indicator of how important the global bulk container packaging market is. Bulk container packages are moved around in humongous cargo ships to even super long monster truck trailers.
Global Bulk Container Packaging Market Dynamics
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 Segmentation
The global bulk container packaging market is segmented on the basis of type of product (drums, pails, material handling containers, bulk container liners, RIBCs, FIBCs, flexi tanks, and others); industry verticals (chemicals and pharmaceuticals, food and beverages, petroleum and lubricants, agricultural and horticultural products and durable goods); and by geography. The chemicals and pharmaceuticals segment is a leading segment and is projected to lead the industry in the near future as well. Market research analysts at Mordor Intelligence, have observed that the Asia-Pacific market is growing at the fastest rate followed by the rest of world segment.
Key Players in the Global Bulk Container Packaging Market
Some of the major players discussed in this report are -
Trans Ocean Bulk Logistics
BLT Flexitank Industrials Co. Ltd.
Jumbo Bag Corporation
What the report offers
Market definition for global bulk container packaging market along with identification of key drivers, restraints, and opportunities for the market.
Market analysis for the global bulk container packaging market, with region specific assessments and competition analysis on a regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the macro and micro factors that affect the global bulk container packaging market on the global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.