Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 14.28 Billion | USD 20.02 Billion | 3.82% | 2023 |
Zion Market Research has published a report on the global Bulk Container Packaging Market, estimating its value at USD 14.28 Billion in 2023, with projections indicating that it will reach USD 20.02 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 3.82% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Bulk Container Packaging industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
The products utilized for the transporting and storing purposes of beverages, oils & fat, food products non-hazardous chemicals and pharmaceuticals in huge volumes and quantity are known as bulk container packaging. The widely used bulk container solutions across the world are bulk container liners, flexitanks, and flexible intermediate bulk containers.
The bulk container packaging market is segmented into its product, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
On the basis of product, the market is segregated into flexitanks, bulk container liners, and flexible intermediate bulk container.
Based on the application, the market is categorized into chemicals and food and beverage.
The geographical segmentation of the market includes North America, Europe, Asia-Pacific, and Rest of the World.
The growing adoption of the flexitank for the shipping of the non-hazardous chemicals and food ingredients is the main factor that is driving the global market. The flexitanks offer added advantages over the other bulk container products such as ISO containers, barrels or drums, and intermediate bulk containers. Moreover, flexitanks need reduced amount of loading and installation time when compared to other packaging products of bulk container.
The flexitanks are suitable for the transportation of a range of food additives, beverages, and other liquids. These products offer many other advantages such as low contamination risk, high payloads, low weight, more space, and eco-friendliness that positively influence the growth of the bulk container packaging market. Flexible intermediate bulk container, bulk container liners, and flexitanks are regularly manufactured using the petrochemicals derivatives such as polypropylene and polyethylene. The fluctuating prices of the oil negatively affect the growth of the bulk container packaging market.
Report Attributes | Report Details |
---|---|
Report Name | Bulk Container Packaging Market |
Market Size in 2023 | USD 14.28 Billion |
Market Forecast in 2032 | USD 20.02 Billion |
Growth Rate | CAGR of 3.82% |
Number of Pages | 110 |
Key Companies Covered | Qingdao LAF Packaging, Trust Flexitanks, KriCon, K Tank Supply Limited, Braid Logistics, Environmental Packaging Technologies, SIA Flexitanks, Shandong Anthente New Materials Technology, Trust Flexitanks, Büscherhoff Spezialverpackung, and MY Flexitank |
Segments Covered | By Product, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The North America dominated the bulk container packaging market. The growth of the market is driven by the factors such as increasing exports of corn, oilseeds, grain, and animal feed from the US. Moreover, the region also accounted for export of large volumes of beverage worldwide. These factors collectively increased the growth of the regional bulk container packaging market. Asia Pacific regional market expects displaying an extensive growth in the coming years.
The increasing population of India and China has led to rising in imports of food and beverage. Along with this the varying lifestyles and the growing disposable income has led to increased consumption of juices, fruit, wine, beer, etc. which requires safe packaging for stretched distance transportation. These factors expect to favor the growth of the Asia Pacific bulk container packaging market in the coming years.
The bulk container packaging market includes major market players such as-
Global Bulk Container Packaging Market: The Product Type Analysis
Global Bulk Container Packaging Market: The Application Analysis
Global Bulk Container Packaging Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
The Bulk Container Packaging Market was valued at USD 14.28 Billion in 2023.
The Bulk Container Packaging Market is expected to reach USD 20.02 Billion by 2032, growing at a CAGR of of 3.82% between 2024 to 2032.
Global Bulk Container Packaging Market players such as Qingdao LAF Packaging, Trust Flexitanks, KriCon, K Tank Supply Limited, Braid Logistics, Environmental Packaging Technologies, SIA Flexitanks, Shandong Anthente New Materials Technology, Trust Flexitanks, Büscherhoff Spezialverpackung, and MY Flexitank.
The growing adoption of the flexitank for the shipping of the non-hazardous chemicals and food ingredients is the main factor that is driving the global market. The flexitanks offer added advantages over the other bulk container products such as ISO containers, barrels or drums, and intermediate bulk containers. Moreover, flexitanks need reduced amount of loading and installation time when compared to other packaging products of bulk container. The flexitanks are suitable for the transportation of a range of food additives, beverages, and other liquids.
The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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