Plastic Bulk Containers Market News
A comprehensive analysis on the Bulk Container Packaging market by Future Market Insights (FMI) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Product, Material, End Use and Region over the next 9-years.
DUBAI, UAE, March 9, 2022 /PRNewswire/ -- Future Market Insights (FMI), Dubai: The global plastic bulk containers market is slated to witness a stellar CAGR of 6.3% between 2022 and 2031, reaching US$ 34.1 Bn by the year 2031.
Key Takeaways
Bulk container packaging market is estimated to expand ~1.6 times of current market value through 2031
Bulk container segment is expected to hold more than 4/5th value share; flextanks segment catching up
Increasing preference for easy to carry containers bolstering demand for plastic bulk containers
Industrial chemicals segment to hold nearly 45% value share
China to emerge as a highly lucrative market, contributing nearly 30% of the revenue share by 2021-end
"Bulk containers are gaining traction day by day in chemical and food & beverage and owing to the increasing demand for flexitanks for transporting non-hazardous chemicals and food ingredients, also penetrating transportation process." says an FMI analyst.
Bulk Container Packaging Market Landscape
The bulk container packaging market is fragmented and the Tier 1 players in the market hold 40-45% share in the global bulk container packaging market.
Greif, Inc., Berry Global, Inc., Sealed Air Corporation, DS Smith Plc, Mondi Group, Bemis Company, Inc., International Paper Company, Winpak Ltd, Mauser Group B.V, Hoover Ferguson Group, Braid Logistics (UK) Limited, Qingdao LAF Packaging Co. Ltd., My Flexitank Industries Sdn Bhd, SIA Flexitanks Limited, Environmental Packaging Technologies, Inc., Snyder Industries, Inc, Schuetz GmbH & Co. KGaA, Büscherhoff Spezialverpackung GmbH & Co. KG, Bulk Lift International, Inc, Shandong Anthente New Materials Technology Co.,Ltd are some of the prominent players in the bulk container packaging market.
