Laminated Bulk Bins Market Analysis of Opportunities Offered by High Growth Economies Till 2028

Global Laminated Bulk Bins Market: Historical Analysis

Bulk packaging has made it possible for the shipping industry to transport the products without being heavy on their pockets. Earlier, a crew of 1000 people was required for the shipping purposes but with the advent of bulk containers, a maximum of 21 crew members are enough. This has significantly reduced the shipping costs and in turn has created revenue opportunities for the end use industries. Bulk containers have generated a great level of productivity for the shipping industry and has also helped them achieve subtle profitability.

Along with this, the containers used in the intermodal transportation earlier posed problem for the crew during the loading and unloading process which lead to delays as well as increment in the costs. Laminated bulk bins on the other hand are easy to be handled which makes them to be used extensively for intermodal transportation purpose. Intermodal transportation demands bulk containers that reduce the time during the transportation mode change and are cost effective too, so that extra charges are avoided. This ultimately propels the demand of the global laminated bulk bins market.

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Global Laminated Bulk Bins Market: Segmentation

The global Laminated Bulk Bins market is segmented on the basis of material type, end use, and geography.

On the basis of material type, the global laminated bulk bins market is segmented into

Paper
Corrugated Paper
Kraft Paper
Plastics
Paper segment is expected to lead the global laminated bulk bins market in terms of material type. The high adoption ratio of paper based laminated bulk bins is also attributed to their recyclability as compared to the plastic based laminated bulk bins.

On the basis of end use, the global laminated bulk bins market is segmented into

Food & Beverages
Electronics & Electricals
Pharmaceuticals
Food & beverages end user is expected to account for the largest market share in the global laminated bulk bins market. The growth can be attributed to high demand for the fresh produce bulk transportation for exports and imports.

On the basis of region, the global laminated bulk bins market is segmented into

North America
Latin America
Middle East & Africa
Europe
Asia Pacific
North America is expected to lead the global laminated bulk bins market. The region off late has been witnessing a steep rise in the demand of its food and chemical applications. One third of the agricultural land in the U.S. is meant particularly for exports which drives the need of bulk packaging. Laminated bulk bins offer several advantages such as reusability and cost efficiency, leading to their wide applicability across the various end users.

Among the European countries, Germany alone has a share of nine percent in total world’s merchandise exports which is even larger than the export percentage of the U.S. It has not only supported its home states, it has also helped in improving the economy of its Eastern European countries. Germany recorded exports worth 118,248 million euros in the month of January’2017 which is self-explanatory of the strong position of Germany all over the globe. This increased demand for exports is further driving the growth of the laminated bulk bins market in the European region.

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Global Laminated Bulk Bins Market: Growth Contributors

The major growth contributor to the global laminated bulk bins market is the high demand for ecofriendly packaging type that not only can be used for the bulk transportation but also renders no harm on the environment. Laminated bulk bins being made of paper are highly preferred by nations where the government has laid down strict environmental guidelines regarding the use of plastics.

Global Laminated Bulk Bins Market: Tier Analysis

Key players under the Tier 1 category having a market share between 3%-5% are International Paper Company and WestRock Company. Players in the Tier 2 category have a market share between 1-3%, this category includes J Hill Container Company, Inc. and Bulk Handling Australia. Other players in the Tier 3 category are Elsons International etc.

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This release was published on openPR.