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Between 2022 and 2031, the market for bulk container packing is expected to grow at an impressive CAGR of 6.3 percent, reaching US$ 34.1 Bn. The need for bulk containers has increased as a result of the expansion of the industry of carrying industrial chemicals in large quantities.
A larger use of bulk containers is also made possible by the demand for improved, non-contaminated food and beverage distribution. It is anticipated that the increasing use of these bulk containers in industrial sectors will remain profitable on a global scale.
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“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.
Safety Concerns in Chemical Industry Amplifying Demand for RIBC (Rigid Intermediate Bulk Containers)
Rigid IBC (RIBC) is made of a plastic bottle, a metal cage, and a spout for easy emptying process of materials, which is mainly used during transportation. The well-built plastic liner inside the container helps in keeping the respective products safe while transporting and the metal cage makes the container sturdy enough to be stacked. The rigid IBC mainly carries liquids and is optimized to prevent the respective product from spilling at the time of transport.
RIBC manufacturers are adopting business strategies for the development of innovative products to boost the growth of the RIBC in the market. Many players have invested in producing technically advanced containers for the sake of products safety. Companies have produced tracking-enabling system-equipped bulk containers to allow customers to know the status of their respective products directly. Some key players involved in R&D activity of RFID enabled IBCs are CHEP (U.S.A.) Inc, Metano IBC Services, Inc, Hoyer Group etc.
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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.
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.
Bulk Container Packaging Market Report
Bulk containers are primarily designed for store and transportation purpose of liquid and granulated substances such as food ingredients, chemicals, pharmaceuticals products etc. in bulk quantities. Bulk containers are shipped in a wide range of vehicles. It can be transported in cargo ships and even in extreme long monster truck trailers.
Most of the food & beverage, chemicals and pharmaceuticals companies are associated with bulk shipment process. Bulk containers are the first choice for transporting food gradients as these containers are capable of providing benefits to the warehouse operators who inevitably require a safe and hygienic process to transport some specific food items.
This collapsible container helps in shipping these products in an efficient and safe way. Moreover, sometimes using a poly liner inside the bulk container in the process of transporting materials helps in maintaining hygiene and integrity of the respective product.
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Top Reports Related To Packaging
Pharmaceutical Packaging Market Size: The global pharmaceutical packaging market is postulated till US$ 178.8 Bn by the year 2031 at a CAGR of 7.4% between 2022 and 2031
Pharmaceutical Contract Packaging Market Share: Pharmaceutical contract packaging refers to the outsourcing of packaging activities to Third party vendors.
Specimen Transport Bags Market Trend: The specimen transport bags market is expected to record a CAGR of 9.8% during the forecast period 2022-2032
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The post The Bulk Container Packaging Market is expected to reach US$ 34.1 Bn by 2031, expanding at a CAGR of 6.3% appeared first on Future Market Insights.
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