Press release
Bulk Container Packaging Market Reflecting a CAGR of 7.8% During the Forecast Period 2017 - 2027
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As per Future Market Insight’s latest report, the global bulk container packaging market will stand at US$ 13.6 Bn by 2017-end. This market is projected to expand at a CAGR of 7.8% between 2017 and 2027 to reach a valuation of US$ 28.7 Bn. In addition, factors such as greater importance to hygiene and eco-friendly packaging, increasing disposable income, and environmental impacts are likely to play a crucial role in curating the growth of the market in the years to come. Bulk container packaging comprises of both flexible packaging and rigid packaging that are extensively used in the global shipping operations. Although, the former is expected to witness relatively higher demand in the foreseeable future.
Key Excerpts of the Report Include:
Based on product type, bulk containers will account for a higher revenue share of the market as compared to flexitanks and bulk container liners throughout the forecast period. By 2017-end, nearly 622,413.5 ‘000 Units of bulk container are expected to be sold worldwide.
Based on the material type, a majority of bulk containers are made of plastic. Ease of packaging, durability and several other advantages of plastic are making it a suitable material for BCP applications. Towards the end of 2027, plastics based BCP is expected to garner US$ 27,434.1 Mn in revenues. Among the various types of plastics, PP sub-segment is expected to dominate the global BCP market, owing to properties such as – excellent tensile strength and tear resistance, which leads to long life, excellent elongation and mechanical properties etc.
Industrial chemicals is the most attractive end-use segment for the bulk container packaging market. Bulk container packaging is extensively used for the transportation of both hazardous and non- hazardous chemicals as it can essentially minimise the risk of spillage to a great extent.
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FMI’s report, titled “Bulk Container Packaging Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2027” also reveals that North America is set to account for 29.7% value share of the global bulk container packaging market by 2017. In addition, the region will retain its top position over the forecast period. Meanwhile, Asia Pacific excluding Japan (APEJ) is anticipated to be the fastest growing market for bulk container packaging owing to the ongoing industrial boom in emerging countries such as India and China.
Some of the leading market players profiled in the FMI report include Greif, Inc., Berry Global, Inc., Sealed Air Corporation, DS Smith Plc., Mondi Group, Bemis Company, Inc., International Paper Company, Winpak Ltd., Mauser Group B.V., Hoover Ferguson Group, Braid Logistics (UK) Limited, Qingdao LAF Packaging Co. Ltd, My Flexitank Industries Sdn Bhd, SIA Flexitanks Limited, Environmental Packaging Technologies, Inc., Snyder Industries, Inc., Schuetz GmbH & Co. KGaA, Büscherhoff Spezialverpackung GmbH & Co. KG, Bulk Lift International, Inc., Shandong Anthente New Materials Technology Co., Ltd.
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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
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