Press release
Bulk Container Packaging MArket Trends & Growth Forecast 2016 to 2024
Bulk Container Packaging Market size is set to exceed USD 6 billion by 2024.
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Increasing edible oil export from SEA, particularly Malaysia and Indonesia, is one amongst the major factor propelling the overall bulk container packaging market size over the projected timeframe. For instance, Indonesia exported more than 14 million tons of palm oil in 2007 and reached roughly around 20 million tons in 2013. In addition, more than 30% of the total edible oil exports from Southeast Asia was done through flexitanks owing to its high operational efficiency along with low cost.
Flexitanks tanks are widely preferred by the oil exporters, as it helps in increasing the profit margin, by reducing the operational expenses. Increasing palm oil demand from Europe, India and China will complement the bulk packaging container market size over the estimated period. Furthermore, increasing biofuel production across the globe on account of its environment friendly characteristics along with government support will subsequently boost the product demand for transportation applications. Thereby propelling the global bulk container packaging market size by 2024.
The Bulk Container Packaging Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Bulk Container Packaging Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2012 - 2023
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Bulk Container Packaging Market Product Insights
Flexitanks are widely preferred in the foodgrade product such as malts, edible oil and fruit concentrates, beverage and non-hazardous chemicals transportation due to its high efficiency along with superior protection against contamination. These tanks offer value added traits as compared to prevailing substitutes including barrels and drums. It is easily disposable, and hence there is no associated cleaning cost as in the case of tank containers and barrels.
This, in turn, diminishes the product contamination risk. In addition, flexitanks can transport over 20 times more quantity of liquid than other substitutes in the same cost. These abovementioned flexitanks features will consequently boost the bulk container packaging market size over the projected timeframe.
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5. Bulk Container Packaging Market Application Insights
In 2015, FIBC (flexible intermediate bulk container) led the overall bulk container packaging market size in 2015. FIBC is broadly used in the transportation of polymers, building materials, chemicals and detergents.
In 2015, food grade & beverage application was valued roughly around USD 900 million. Growing population has substantially increased the food demand in massive volume along with low prices. This has positively influenced the food grade & beverage trade across the globe and thus will push the bulk container packaging market size by 2024. Bulk container packaging market size for chemicals will observe growth more than 10% by 2024.
6. Bulk Container Packaging Market Regional Insights
In 2015, North America accounted for the largest chunk in the bulk container packaging market. The region is the major exporter corn, soybean, oilseeds and feeds and therefore has enormous product demand. However, Asia Pacific, mainly led by India and China, will observe highest growth close to 11% by 2024.
7. Competitor Profiles
In 2015, bulk container packaging market size was extremely consolidated with top three companies holding over 50% of the industry share. BLT Flexitank Industrial, MY Flexitank (MYF), SIA Flexitanks and Braid Logistics are few key industry players.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
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Email: sales@gminsights.com
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