Global Bulk Container Packaging market is accounted for $3.65 billion in 2020 and is expected to reach $8.97 billion by 2028 growing at a CAGR of 11.9% during the forecast period. Some of the key factors propelling the market growth include increasing use of flexitank among regional end-user industries, growing export of bulk container packed products, increasing transportation of oils and other materials in bulk across the globe, increasing export of food products and pharmaceuticals materials, and rising exploration of dry or free-flowing chemicals and agricultural products worldwide.
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On the basis of geography, North America region is estimated to be the fastest-growing region in the market over the forecast period, due to increasing corn, oilseeds, grains such as soybean, and feeds demand from the U.S. The region is engaged in exporting alcoholic beverages including beer and wine globally in large volume. The United States is one of the largest markets for bulk containers, globally. The increasing expansion in the chemical industry, owing to the newfound shale resources, is expected to strengthen the demand for bulk containers, in the region. Also, the country’s immense exports from the chemical and pharmaceutical sector keep a constant demand for the rigid bulk containers, such as drums and pails. The country also has a well-established reconditioning infrastructure, boosting pooling networks, across the country.
Some of the key players in Bulk Container Packaging Market include Sealed Air Corporation, DS Smith Plc, International Paper Company, Hoover Ferguson Group, My Flexitank Industries Sdn Bhd, Schuetz GmbH & Co. KGaA, SIA Flexitanks Limited, Greif, Inc., Berry Global, Inc., Winpak Ltd, BAG Corporation, Braid Logistics (UK) Limited, Qingdao LAF Packaging Co. Ltd., Mondi Group, Bemis Company, Inc. , Mauser Group B.V, Snyder Industries, Inc, and Bulk Lift International, Inc.
Products Covered in Bulk Container Packaging Market
• Bulk Containers
• Flexitanks
• Bulk Container Liners
• Material Handling Containers
• Pails
• Dunnage Air Bags
• Drums
• Pallets
Materials Covered:
• Metals
• Plastic
• Other Materials
End Users Covered:
• Industrial Chemicals
• Durable Goods
• Food and Beverages
• Paints, Inks and Dyes
• Agricultural and Horticultural Products
• Pharmaceutical
• Petroleum and Lubricants
• Other End Users
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