Bulk Container Packaging Market Size By Product (Flexitanks, Flexible Intermediate Bulk Container [FIBC], Bulk Container Liners), By Application (Food & Beverage, Chemicals), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, The Netherlands, Belgium, Ireland, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Thailand, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025Bulk Container Packaging Market will exceed USD 6.9 billion by 2025; according to a new research report.
Exponential rise in food & beverages industry mainly in the emerging nations is projected to propel the bulk container packaging market in the forecast period. Increasing food production coupled with the improved supply chain in the sector has resulted in the growth of the food & beverages industry. The product is being preferred as a suitable packaging material to carry out trade activities efficiently. This packaging method provides several benefits including reusability, lightweight, resistance to moisture, increased resilience than the cardboard boxes, etc. which plays significant role in contributing to its rising demand across the globe.
Introduction of bioplastic as a material for container products have expanded the market scope as the demand for sustainable packaging is picking up the pace. At the same time, traditional plastic-based packaging material is increasingly being regulated or banned, thus providing the bioplastic products an additional boost in the market. Bulk containers are usually manufactured using polymer resins such as polyethylene (PE) and polypropylene (PP). As these materials are produced from crude oil, the fluctuating oil prices may impact the raw material supply for the bulk containers production. These factors may result in the hindrance to the bulk containers packaging market in the near future.
According to product, bulk container packaging market includes flexitanks, FIBC, and Bulk Container Liners. In 2018, FIBC (flexible intermediate bulk containers) gained the highest share among the product segment. These are industrial packaging containers, produced using woven polypropylene threads. They are intended to transport a variety of dry flowable products, primarily used by the chemical and agricultural industries. It includes products such as fertilizers, sand, starch, grains, beans, seeds, cereal, and peanuts, cement, pigments, plastics, fiberglass, detergents plastics, etc. FIBC are reusable, inexpensive, provide high cost to benefit ratio and possess higher product carrying capacity, (i.e. up to 1 metric ton of material).
Based on application, the bulk container packaging market is divided into food & beverage and chemicals industry. Both dry and liquid products are packaged and transported using bulk containers and thus this packaging method has substituted conventional packaging materials such as plastic bags and corrugated crates. The global food production has risen over the use owing to the increasing use of fertilizers and insecticides. However, the food grain and processed food wastage during transportation and storage is a constraint to its smooth supply chain operations. The bulk containers minimize such wastage, without reacting with the food products and maximizing the profit. Additionally, growing packaged food demand in the emerging nations of Asia Pacific will drive the bulk container packaging demand in the region. These developments will govern the global bulk container packaging market growth over the forecast period.
In 2018, North America and Asia Pacific attained the major share in the global bulk container packaging market. The food industry in Asia Pacific is growing at an impressive pace, owing to growing food production in the region. Additionally, increased consumer spending capacity in rapidly industrializing nations such as India, China, Thailand, Malaysia and Vietnam has resulted in growing processed food industry, which will require bulk containers at large scale over the forecast time spell.
The bulk container packaging market has the presence of small to large scale manufacturers. BLT Flexitanks is one of the biggest player in the market. Various companies are strategizing to include more sustainable bulk containers to capture growing bioplastics based packaging market in the future.
Bulk container packaging market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:
Bulk Container Packaging, By Product
Flexible intermediate bulk container (FIBC)
Bulk container liners
Bulk Container Packaging, By Application
Food & beverage
The above information is provided on a regional and country basis for the following:
Middle East & Africa
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