Industrial Bulk Packaging Market to Power Strongly At A CAGR of More Than 4.58% from 2024 To 2032

As per Zion Market Research, the global Industrial Bulk Packaging Market was valued at USD 63.06 Billion in 2023 and is projected to hit USD 94.36 Billion by 2032, with a compound annual growth rate (CAGR) of 4.58% during the forecast period 2024-2032. Development of the pharmaceutical sector has been powering the requirement for bulk packaging goods all over the world. Industrial bulk packaging goods are more and more being used in the pharmaceutical sector due to their improved material storing capacity. Pails, drums, and IBCs are amongst the most extensively employed packaging goods in the pharmaceuticals sector.

The bulk packaging market is distinguished by the attendance of both international and domestic market players such as Grief, Composite Containers LLC, Cleveland Steel Container, BWAY Corporation, International Paper, Myers Container, Eagle Manufacturing Company, Peninsula Drums, Time Technoplast Ltd., and Hoover Ferguson Group, Inc.

Rising Requirement For Plastic-Supported Packaging Goods To Power The Industrial Bulk Packaging Market

Rising requirement for plastic-supported packaging goods such as drums and pails over metal-supported goods is a fashion that has powered the industrial bulk packaging market. From a manufacturing point of view, the usage of plastic-made materials assists to attain economies of scale. In addition to this, the employment of plastics as raw materials assists to meet the needs of most sectors due to their good properties comprising reliability, light weight, and durability.

IBC category is expected to observe the quickest development rate in the coming years. Increasing requirement for smaller forms of industrial bulk packing goods, mainly in the pharmaceuticals sector, is predicted to power the development of this section in the coming years. Pails are amongst the other most favored goods all over different sectors. The requirement for pails is boosted by enhancements in pail production tech coupled with innovation in product.

Asia Pacific Surfaced As The Largest Region For The Global Market With A More Than 33% Of Share

Asia Pacific surfaced as the largest region for the global market with a more than 33% of share. China, Japan, and India are amongst the primary regions in this area. Increasing industrial investment has been the major factor powering development of the regional market. The area also motivated the entrance of medium- and small-sized sectors due to different factors such as the accessibility of cheap labor and land.

Europe was the second-biggest region for the global market. The area is powered by the healthy development of the pharmaceutical sector. In addition to this, the attendance of elderly population in this area is predicted to provide attractive development opportunities for the global market due to rising consumption and production of pharmaceutical goods.

Browse the full “Industrial Bulk Packaging Market Size, Share & Trends Analysis Report - By Application (Pharmaceuticals, Chemicals & Petrochemicals, and Food & Beverages), By Product (Drums, IBC, and Pails), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/industrial-bulk-packaging-market

The global industrial bulk packaging market is segmented as follows:

By Product

• Drums
• IBC
• Pails
• Totes/ Cracks
• Others

By Application

• Chemicals & Petrochemicals
• Food & Beverages
• Pharmaceuticals
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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