Bulk Container Packaging Market 2021 Outlook And Opportunities in Grooming Regions: Greif Inc., Bemis Company Inc., TechnipFMC, Braid Logistics, National Bulk Equipment, Signode Industrial Group, Mondi Group

Bulk Container Packaging Market Report provides detailed analysis of Growth Factors of the market as well as it gives an analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2026. The Bulk Container Packaging market report has studied key opportunities in the market and influencing factors which are useful to the business. The report also maps the qualitative and quantitative impact of various market factors like macro-economic indicators, PPP, Epidemiological data, Insurance scenario and patent and IP information, Government Policies and business regulations along market attractiveness as per segments.

The bulk container packaging market was valued at USD 3.65 billion, in 2020, and is expected to reach a value of USD 6.41 billion, by 2026, at a CAGR of 9.87%, over the forecast period, 2021-2026.  

Get Sample Copy Of This Report + All Related Graphs (Covid-19 Update):

https://www.marketinsightsreports.com/reports/02082591906/bulk-container-packaging-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?source=Openpr&Mode=XXV                             

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Bulk Container Packaging Market: Greif Inc., Bemis Company Inc., TechnipFMC, Braid Logistics, National Bulk Equipment, Signode Industrial Group, Mondi Group, Bermis Company Inc., among others.

Industry News and Updates:

- December 2018 - Mauser Packaging Solutions introduced a new medical waste container made of 100% recycled material. The innovative concept was awarded the 3rd prize, in the 2018 NENnovation Award, presented by the Dutch Standardization Institute, NEN.

TriEnda introduces new flexible intermediate bulk container

01 Jul 2020: North American industrial thermoforming company TriEnda has introduced a new flexible intermediate bulk container (FIBC) solution. The new FIBC solution, dubbed Bulk Bag Pallet, has been developed to safely ship goods and avoid damage to bulk materials in transit with a less cost compared to wood pallets. Since the 1950s, the bulk bags have been used for a range of industrial, agricultural, pharmaceutical, and other products.

TriEnda has designed a new Bulk Bag Pallet to serve as a better protective solution for the producers and manufacturers to handle international and domestic bulk bag shipments. TriEnda stated that it is the first in the material handling industry to collaborate with engineers and manufacturers for the development of an advanced material handling solution for bulk bags.

Greif Acquires Minority Stake in IBC Reconditioning Business

04.03.20: Greif, Inc. said it is expanding its intermediate bulk container (IBC) reconditioning network in North America through a minority investment stake in Centurion Container LLC.

“Greif is pleased to be taking a minority stake in Centurion and agreed to a clear path to full ownership,” said Ole Rosgaard, Greif group president, Rigid Industrial Packaging & Services and Global Sustainability. “This deal and its partnership will enable us to provide our customers with an enhanced sustainable packaging solution along with the economies inherent in reusable packaging.” “We are excited to partner with a company like Greif that will provide us with global recognition and the added resources needed to better serve our customers throughout our expanding industrial footprint," added Elliot Pearlman, chairman of Centurion.

Buy The Bulk Container Packaging Market Report:
https://www.marketinsightsreports.com/report/purchase/02082591906?mode=su?source=Openpr&Mode=XXV  

Market Overview:

- Globalization generates favorable circumstances, by keeping manufacturing bases distant from the consumption regions. Transportation costs are considered as the largest part of the total cost, hence, there is a rising requirement for more innovative and cost-effective bulk container packaging solutions, to reduce the transportation costs, on the whole.

- Companies are also involved in strategic initiatives to leverage the growing demand for the bulk container packaging market. For instance, Grief Inc., one of the companies in the bulk packaging space, announced its expansion in Texas, through various investments in the drums and the IBC segments.

- Growing export of bulk container packaged products may drive the market growth, since there is too much of export/import of goods, like food and beverages.

- However, minimizing the impact on the environment is impacting the overall packaging market. Reuse is a major trend in packaging, because of the increased pressure to prolong the lifecycle of finite resources through the re-use of containers.

Drums Hold a Significant Share in the Bulk Container Packaging Market

- Drums are cylindrical containers used for the shipping of bulk cargo. They are often certified for the shipment of dangerous goods that are substances, solids, liquids, or gases that can harm people.
- Dangerous goods include materials that are radioactive, flammable, explosive, corrosive, oxidizing, asphyxiating, biohazardous, toxic, pathogenic, or allergenic, such as ammonia, hydrogen, etc. Therefore, increasing the shipments and trade of these hazardous goods may drive the use of bulk drums.
- Moreover, innovations regarding materials are also transforming the drum (barrel) containers market in the region. For instance, majorly used in transporting hazardous goods, drums made of steel prove to be more beneficial. This is because, steel is durable and reliable, and performs well in both cold and hot temperatures, and is fire-resistant. This makes it an ideal match for drums containing combustible or flammable materials. Steel barrels are also economical and environment-friendly.

North America to Account for a Major Share

- The United States is one of the largest markets for bulk containers, globally. The increasing expansion in the chemical industry, owing to the newfound shale resources, is expected to strengthen the demand for bulk containers, in the region. Also, the country’s immense exports from the chemical and pharmaceutical sector keep a constant demand for the rigid bulk containers, such as drums and pails.
- The country also has a well-established reconditioning infrastructure, boosting pooling networks, across the country.
- Moreover, in North America, governments are encouraging the utilization of recycled plastic for the manufacturing of plastic products, including containers and bottles.
- However, the industry is increasingly affected by the US-China trade wars. In recent times, increased tariff by the US government on Chinese chemical imports has escalated the import-export scenario of the country’s chemical industry trade, directly impacting the demand for bulk containers, from the industry.    

Regional analysis:

This report covers South America, North America, Europe, Asia Pacific (APAC), Africa and The Middle East, taking into account the clear evidence of where the market is fully examined, typical market examples, blocks and open access roads for power generation. With a huge population, Asia Pacific has revenues in the picture year, and dominates the Bulk Container Packaging market share, at any given time. Continuous GDP reform; Institutional progress per capita is becoming urbanized in the metropolitan area. This expanded revenue has led to indulging in top private and unrealistic usage models in the Bulk Container Packaging market deployed in the region. While an important piece of the Bulk Container Packaging market center around the global expansion of business, territories such as the Middle East and Africa will grow steadily. Big market development will take place in Latin America because of the small expansion producers' attempts at profits. In Europe, a lethargic improvement is expected due to mood-oriented rules and early stages.

Find Out:

Bulk Container Packaging market: Where are the opportunities? What does the future look like for Bulk Container Packaging? What will be the market size in the next 5 years?
Bulk Container Packaging Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
Technology: How are new technologies shaping the Bulk Container Packaging market?

What are the new revenue channels which companies can explore for growth?       

For More Information On This Report, Please Visit: https://www.marketinsightsreports.com/reports/02082591906/bulk-container-packaging-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?source=Openpr&Mode=XXV                          

Due to the onset of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The industrialists across North America, Europe, Asia Pacific, Latin America and Middle East and Africa were facing problems due to changing preferences of the customers and demand fluctuation. The market research report covers pre-Covid-19 data for the Bulk Container Packaging market in years 2018 and 2020. Further, the report also covers forecast Covid-19 data from 2021 to 2026, which provides future outlook of the market for the manufacturers and suppliers.

Browse Related Reports:

China Glass Container Packaging Market:  

https://www.marketinsightsreports.com/reports/05202907501/china-glass-container-packaging-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?source=Openpr&Mode=XXV                                 

Bio Plastic Packaging Market:

https://www.marketinsightsreports.com/reports/07073058171/2016-2028-global-bio-plastic-packaging-industry-market-research-report-segment-by-player-type-application-marketing-channel-and-region?source=Openpr&Mode=XXV                                    

Canned Packaging Market:

https://www.marketinsightsreports.com/reports/07073057697/2016-2028-global-canned-packaging-industry-market-research-report-segment-by-player-type-application-marketing-channel-and-region?source=Openpr&Mode=XXV                             

Customization Of The Report:

MarketInsightsReports provides customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.     

If you have any questions about any of our “Bulk Container Packaging market report” or would like to schedule a personalized free demo of Bulk Container Packaging market report, please do not hesitate to contact me at irfan@marketinsightsreports.com.

Best wishes,

Irfan Tamboli

Head of Sales Operations

Market Insights Reports

Tel: + 1704 266 3234 | +91-750-707-8687

Email: sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.