Global Bulk Container Packaging Market – Industry Trends and Forecast to 2029

Global Bulk Container Packaging Market, By Product Type (Flexitanks, Bulk Containers, Bulk Container Liners, Others), Material Type (Plastic, Metals, Others), End-Use (Industrial Chemicals, Petroleum and Lubricants, Food and Beverages, Paints, Inks and Dyes, Pharmaceuticals, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

In recent years, the global market for bulk container packaging has experienced moderate growth. As various commodities are frequently transported from one location to another daily, it leads to growing preference for secure and convenient bulk container packaging solutions among end-users, resulting in significant growth of the bulk container packaging industry over the forecast period.

Global bulk container packaging market was valued at USD 19.23 billion in 2021 and is expected to reach USD 33.29 billion by 2029, registering a CAGR of 7.10% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

Report Scope and Market Segmentation

Market Definition

Bulk container packaging (also known as plastic wrap, food wrap, saran wrap, and stretch film) is a thin transparent plastic film that sticks to surfaces and to itself and is used to wrap food in containers. Bulk container packaging are high-quality food wrap films that keep food fresh, protect it from insects and microbiological contamination, and reduce the risk of food waste by extending its shelf life.

Bulk container packaging Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Increased Awareness Regarding its Benefits

The rising utilization of the product owing to the various advantages such as high payload, low contamination risk, low weight, eco-friendliness which is projected to accelerate the growth of the market. Moreover, it helps create lightweight packaging for components while maintaining structural integrity and minimizing handling and transportation costs, which further increases the market's overall growth.

• Growing End-Use Industries

The growth and expansion of various end-user verticals such as industrial chemicals, petroleum and lubricants, food and beverages, paints, inks and dyes, pharmaceuticals and others is directly proportional to the increasing demand for materials and packaging solutions. Additionally, growing applications from end-use industries resulting in high demand will bolster the growth of the market.

Furthermore, the growing preferences towards superior flexi tanks due their advanced characteristics compared to other counterparts, rising number of edible oil export, rising adoption of flexi tanks for shipping food ingredients as well as non-hazardous chemicals which will likely to enhance the growth of the bulk container packaging market in the forecast period. These films also improve mechanical handling properties, prevent the loss of moisture from the food and minimize lipid migration and oxygen absorption, which will drive market value growth. The surging urbanization and globalization across the globe will drive market value growth. Additionally, rise in e-commerce and retail business will further expand the future growth of the bulk container packaging market.

Opportunities

• Growth in Research and Development and Innovation in Production

The growth in the research and development activities across the packaging sector extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the innovation in production of different bulk containers will further expand the future growth of the bulk container packaging market.

Restraints/Challenges

• High Initial Investments

The increasing need for high initial investments that affects the small-scale packaging businesses or new manufacturers to survive in the long term will create hindrances for the growth of the bulk container packaging market.

• Concerns Regarding Regional Restrictions

The varying environmental conditions across the region and compatibility of packaging in such region which challenge the bulk container packaging market. Also, low awareness in the underdeveloped areas and growing competition will act as growth restraints for the market.

This bulk container packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bulk container packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Bulk Container Packaging Market

The emergence of COVID-19 led to huge impacted the various sectors across the globe. The materials and packaging sector was also grievously hit by the pandemic. Various lockdown and social distancing restrictions in travel and movement of goods for curbing the virus spread has disrupted the supply and distribution chain which critically affected the bulk container packaging market. Due to limited labor availability, disrupted raw material supply, and logistic issues, the production process for bulk container packaging has become a challenge for businesses. The implementation of lockdown resulted in a fluctuation in the price of raw materials, resulting in downfall in the demand for bulk container packaging. The expansion of the food and beverage business has been negatively impacted, and the supply chain process has been disrupted, by restrictions on dine-in restaurants and a halt in online food and beverage ordering activities. Therefore, there is a noticeable impact on the demand for bulk container packaging among consumers of food and beverages. As a result, the materials and packaging industry had to bear financial losses, therefore negatively impacting the overall growth of the bulk container packaging market.

On the brighter side, the manufacturers are focusing on developing better products, keeping in mind the new market trends to fulfil consumer requirements in the post-pandemic phase. A rise in international trade in pharmaceuticals and chemicals is being seen in the post-COVID era. Manufacturers emphasize sterile bulk container packing to ensure the safety of medications and other products while in transportation, which will increase demand for bulk container packaging on the international market.

Recent Developments

• In February 2020, Nefab AB and Szkaliczki & Partners Holding Ltd. signed a deal in which Nefab AB will buy all of Szkaliczki & Partners Plastic Processing Ltd's shares in Hungary. Nefab's global offering of engineered multi-material packaging solutions and logistics services now includes Szkaliczki's leading technology and strong engineering capabilities for thermoformed trays. Nefab will be even better positioned to serve customers worldwide in return flows, with engineered solutions that are optimized to lower customers' environmental impact and reduce costs throughout their supply chains, thanks to the addition of Szkaliczki's capabilities.
• In May 2021, ORBIS Corporation Expanded Dunnage Offerings with New Fabric for Delicate Automotive Protection Offerings with New Fabric for Optimal Protection of Delicate Automotive is suitable for soft divider sets, hanging bags for lightweight parts, and extra-delicate Class-A components, chrome, and painted parts.

Global Bulk Container Packaging Market Scope

The bulk container packaging market is segmented on the basis of product type, material type and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Flexitanks
• Bulk Containers
• Bulk Container Liners
• Others

Material Type

• Plastic
• Metals
• Others

 End-Use

• Industrial Chemicals
• Petroleum and Lubricants
• Food and Beverages
• Paints
• Inks and Dyes
• Pharmaceuticals
• Others

Bulk Container Packaging Market Regional Analysis/Insights

The bulk container packaging market is analyzed and market size insights and trends are provided by country, product type, material type and end-use as referenced above.

The countries covered in the bulk container packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the bulk container packaging market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the rising demand of grain, oilseeds, corn and other along with rising export of alcoholic beverages within the region.

Asia-Pacific, on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the favorable government policies, the rising population, and the changing lifestyle of the consumer within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Bulk Container Packaging Market Share Analysis

The bulk container packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bulk container packaging market.

Some of the major players operating in the bulk container packaging market are

• Ckdpack (India)
• GWP Correx (U.K)
• Interior Packaging Design, LLC. (U.S)
• Packaging Corporation of America (U.S)
• Myers Industries (U.S.)
• Nefab (Sweden)
• UFP Technologies (U.S.)
• Dunnage Engineering (U.S)
• Salco Engineering & Mfg. (U.S.)
• Signode Industrial Group LLC. (U.S)
• KEENER Corporation (U.S.)
• DS Smith (U.K
• Menasha Corporation (U.S.)
• Schoeller Allibert (Netherlands)
• Reusable Transport Packaging (Florida)
• Amatech Inc. (U.S.)
• MJSolpac Ltd. (U.K.)
• Rehrig Pacific Company (U.S.)