Press release
Global Bulk Container Packaging Market Valued at Over US$ 4.2 Billion in 2021, Estimated to Expand at a CAGR of 9.7% from 2022 to 2031, Projected to Surpass US$ 11.6 Billion by 2031
Market Overview
In 2021, the global bulk container packaging market exceeded a valuation of US$ 4.2 billion. With a projected compound annual growth rate (CAGR) of 9.7% from 2022 to 2031, the market is poised to surpass US$ 11.6 billion by the end of 2031.
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Key Developments in the Global Bulk Container Packaging Market
Expansion of Sustainable Offering by Lenzing AG: In October 2021, Lenzing AG announced the expansion of its sustainable offering for the denim industry with the introduction of matte TENCEL branded bulk container packaging. This innovation enhances the versatility of indigo-dyed denim fabrics, catering to the evolving demands of the textile industry.
Acquisition by Grasim Industries Limited: In March 2019, Grasim Industries Limited acquired Soktas India Private Limited, a subsidiary of SÖKTAS Tekstil Sanayi ve Ticaret A.S. This strategic move aimed to strengthen Grasim's position in the global textiles market, demonstrating the significance of bulk container packaging in the supply chain.
Market Segmentation
The bulk container packaging market is segmented based on various factors:
Product: Flexitanks, Flexible Intermediate Bulk Containers (FIBC), Bulk Container Liners
Application: Food & Beverages, Chemicals, Others (including pharmaceuticals)
Regional Analysis
The market is analyzed across key regions, including North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Each region presents unique market dynamics influenced by factors such as industry regulations, infrastructure development, and economic conditions.
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Market Drivers and Challenges
Market Drivers:
Growing Demand for Efficient and Cost-effective Packaging Solutions
Increasing Adoption of Bulk Transportation for Liquids and Dry Goods
Emphasis on Sustainability and Environmental Conservation
Expansion of Chemical and Food Industries Globally
Market Challenges:
Stringent Regulations Regarding Packaging Material and Safety Standards
Volatility in Raw Material Prices
Competition from Alternative Packaging Solutions
Market Trends
Rise of Flexitanks in Liquid Transportation: Flexitanks are gaining popularity in the transportation of liquids due to their cost-effectiveness, ease of use, and ability to maximize payload capacity.
Focus on Sustainable Packaging Solutions: With increasing environmental awareness, there is a growing trend towards sustainable bulk container packaging solutions, driving innovation in materials and manufacturing processes.
Future Outlook
The bulk container packaging market is poised for substantial growth, propelled by factors such as globalization of trade, expansion of end-use industries, and technological advancements in packaging materials and designs.
Key Market Study Points
Market Size and Growth Projections Across Segments
Regulatory Landscape and Compliance Requirements
Consumer Preferences and Industry Trends
Competitive Landscape and Strategic Initiatives by Key Players
Competitive Landscape
Key players in the bulk container packaging market include Shandong Anthente New Materials Technology Co., Ltd., BLT Flexitank Industrial Co. Ltd., Braid Logistics, Büscherhoff Spezialverpackung GmbH & Co. KG, Environmental Packaging Technologies Inc., and others.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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