Bulk Container Packaging Market Analysis | 2023-2028

Market Insights

The bulk container packaging market was estimated at USD 3.85 billion in 2022 and is likely to grow at a CAGR of 9.27% during 2023-2028 to reach USD 6.59 billion in 2028.

Want to know more about the market scope? Register Here

Market Dynamics

Introduction

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.

Market Drivers

The growth of the bulk container packaging market is driven by several factors, reflecting the evolving needs of industries and global trade dynamics. Here are the key drivers:

• Growing Demand for Efficient Logistics Solutions: More and more the global market moves in conjunction with the growth of international trade and outsourcing of goods and services increasing the demand for affordable but durable bulk container packaging. Companies are observed to be seeking for cost-effective and space-saving solutions specifically for transportation and storage needs hence the subsequent increase in the market for flexible intermediate bulk containers (FIBCs), bulk bins, and drums.
• Expansion of the Food and Beverage Industry: There is a need in the food and beverage industry to provide storage and transit of juices as well as grains, sugars, oils, and beverages. This industry’s trends towards adopting hygienic, non-contamination packaging are further helping to drive the need for advanced bulk container solutions.
• Rising Chemical and Pharmaceutical Trade: The particular and more specifically the chemical and pharmaceutical industries use bulk containers for the transport of dangerous and harmless material. High safety and strict environmental standards are putting pressure on manufacturers to incorporate high-performance packaging.
• Increased Adoption of Flexible Packaging: Valuable plastic packagers like FIBCs are becoming popular, especially because of being lighter in weight and cost effective than rigid packages. Using portable and reusable material, these containers are fit for a variety of uses, making them even more popular.

Want to have a closer look at this report, Click Here

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.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

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 2022 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 2022 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.

Know which region offers the best growth opportunities. Register Here

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s bulk container packaging market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. 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 bulk container packaging 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)

Click Here, to learn the market segmentation details.

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.