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Bulk Containers Market Segmented By material type Plastics, Metals, Paper & Paper board; By product type Flexi tanks, Rigid Bulk Containers, Flexible Bulk Containers; By capacity type Below 200 ml, 200-500ml, 500-1000ml, 1000ml above; By end use industry
Bulk containers are primarily used for the storage and transportation of bulk goods. These containers are not only sturdy and spacious but also help in reducing shipping costs, owing to their reusability. Bulk containers are capable of retaining their forms without collapsing under adverse conditions. These containers are easy to handle as they allow easy lifting using tools such as forklifts. Bulk containers are available in an extensive range of materials, sizes and lid types and can be used for a variety of light-duty, medium-duty and heavy-duty applications. The usage of bulk containers helps manufacturers increase their productivity as well as profitability.
Bulk Containers Market: Dynamics
Bulk containers have made it possible for the shipping industry to transport products without being heavy on the pockets. Food and pharmaceutical industries have been witnessing high demand for bulk containers as IBCs are made through the blow molding process, which minimizes the need of drilling and hence, reduces chances of contamination. Also, bulk containers are safer, flex crack resistant and help in increasing the self-life of the product. These features increase the preference of bulk containers for shipping and export purposes.
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Key manufacturers in the market are majorly focusing on eco-friendly packaging solutions to reduce their carbon footprint. The Smurfit Kappa Group is providing environment-friendly corrugated bulk containers for the safer transportation of liquids in bulk. The company’s bulk containers have both aseptic as well as non-aseptic features. Aseptic bulk containers eliminate the possibilities of contamination due to microbial interaction. Furthermore, corrugated bulk containers are lighter in weight, which reduces the cost associated with the storage and shipment of products.
Bulk Containers Market: Regional Outlook
Food and chemical industries in North America have been witnessing a steep rise in demand. One-third of the agricultural land in the U.S. is used particularly for exports, which drives the need of bulk packaging. Bulk containers offer several advantages such as reusability and cost efficiency and thus, find large scale adoption in all regions of North America. Similarly, the high export rate in European countries is driving the growth of the bulk containers market.
On the other hand, the market in Asia Pacific is witnessing slow growth, which can be attributed to the low pace of trading activates across the border. However, this scenario is expected to change in the coming years and the demand for bulk containers in the Asia Pacific region is expected to rise.
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Bulk Containers Market: Market Participants
Some of the key players in the bulk containers market are Smurfit Kappa Group, Greif, Inc., Berry Global, Inc., Sealed Air Corporation, DS Smith Plc., Mondi Group, Bemis Company, Inc., Winpak Ltd., Mauser Group B.V., Braid Logistics (UK) Limited and others.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
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