Bulk Container Packaging Market Growth Analysis | 2022-2028

Market Insights

The bulk container packaging market was estimated at USD 3.5 billion in 2021 and is likely to grow at a CAGR of 9.37% during 2022-2028 to reach USD 6.59 billion in 2028.

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What is bulk container packaging?

Bulk container packaging can be defined as any container having a capacity of two cubic yards or greater. Such containers are equipped with fittings for hydraulic or mechanical unloading.

COVID-19 IMPACT

The lockdowns and restrictions on dine-in restaurants as well as online ordering of food and beverage had a negative impact on the growth of the food and beverage industry. This in turn impacted the bulk container packaging market, declining demand during the Covid era.

Key Players

Some of the major players in the market are-

• BLT Flexitank Industrial Co. Ltd.
• Gaoqing Anthente Container Package Company Limited
• Büscherhoff Spezialverpackung GmbH & Co. KG
• Braid Logistics
• KriCon
• Environmental Packaging Technologies, Inc.
• Ven Pack
• MY Flexitank (MYF)
• Qingdao LAF Packaging Co. Ltd.
• SIA Flexitanks.

Market Dynamics

The prime factor that is contributing to the demand for bulk container packaging market are-

• Growing adoption by the food & beverages industry.
• Growing adoption by the chemicals industry.

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Segment Analysis

By Product Type

Based on the product type, the market is segmented as flexitanks, flexible intermediate bulk container, and bulk container liner. The flexitanks segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period owing to the efficiency and effectiveness associated with such tanks. The utility of such tanks in shipping wine, oil, food-grade liquids, and nonhazardous chemicals will augment the segmental growth over the forecast period.

By Application Type

Based on the application type, the market is segmented as food & beverage, chemicals, and others. The food & beverage segment accounted for the largest share in 2021 and is expected to maintain its dominance over the forecast period owing to rising population across the globe and changing spending patterns in emerging economies.

Regional Insights

In terms of regions, North America is estimated to contribute to the largest market share during the forecast period. The North American market is expected to grow with a lucrative CAGR due to high agricultural and alcohol exports. Asia-Pacific is expected to grow with the highest CAGR owing to improving customer lifestyles and increasing disposable income in the region.

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Market Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories. 

By Product Type

• Flexitanks
• Flexible Intermediate Bulk Container
• Bulk Container Liner

By Application Type

• Food & Beverage 
• Chemicals
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.