Global Corrugated Bulk Bins Market, By Type (Pallet Packs, Hinged, Totes, Others), Load Capacity (Below 1000 Kg, 1000-1500 Kg, More than 1500 Kg), Format (Single Wall, Double Wall, Triple Wall, Others), Application (Food & Beverage, Automotive, Pharmaceutical, Chemical, Oil & Lubricant, Building & Construction, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Corrugated Bulk Bins Market
The corrugated bulk bins market is expected to witness market growth at a rate of 4.50% in the forecast period of 2021 to 2028. Data Bridge Market Research report on corrugated bulk bins market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand from end user industries is escalating the growth of corrugated bulk bins market.
Corrugated bin boxes refer to boxes that are made from the corrugated board which is one of the most made from the corrugated board owning to its sustainability, recyclability and versatile features. Manufactures are adopting corrugated materials over other conventional materials because of high-performance of the material. These boxes are manufactured from natural renewable resources and consume high percentages of recovered fibers such as old newspapers, kraft papers, mixed papers and old corrugated containers.
The increase in demand for the product owning to its recyclability feature acts as one of the major factors driving the growth of corrugated bulk bins market. The growth in the food & beverage as well as electronic goods industries and the rise in demand for branded and packaged products accelerate the corrugated bulk bins market growth. The increase in use of corrugated bin boxes by beverage manufacturers because of the safe shipment these boxes provide and growth in consumer awareness toward the safe packaging of the product further influence the corrugated bulk bins market. Additionally, rise in demand for bulk packaging from the chemical industry, increasing spending by consumers for packaged products, growth of e-commerce industries, improving economic conditions of developing countries, rapid urbanization, high optimization in pack size and greater printable space for brand recognition, surge in disposable income positively affect the corrugated bulk bins market. Furthermore, rise in product innovation for industrial packaging and globalization and international trade extends profitable opportunities to the corrugated bulk bins market players in the forecast period of 2021 to 2028.
On the other hand, availability of low-cost alternatives and fluctuation in raw material prices are the factors expected to obstruct the corrugated bulk bins market growth. The implementation of stringent packaging regulations and pricing pressures for small manufacturers are the projected to challenge the corrugated bulk bins market in the forecast period of 2021-2028.
This corrugated bulk bins 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, geographical expansions, technological innovations in the market. To gain more info on corrugated bulk bins market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Corrugated Bulk Bins Market Scope and Market Size
The corrugated bulk bins market is segmented on the basis of type, load capacity, format and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the corrugated bulk bins market is segmented into pallet packs, hinged, totes and others.
- On the basis of load capacity, the corrugated bulk bins market is segmented into below 1000 kg, 1000-1500 kg and more than 1500 kg.
- On the basis of format, the corrugated bulk bins market is segmented into single wall, double wall, triple wall and others.
- On the basis of application, the corrugated bulk bins market is segmented into food & beverage, automotive, pharmaceutical, chemical, oil & lubricant, building & construction and others.
Global Corrugated Bulk Bins Market Country Level Analysis
The corrugated bulk bins market is analyzed and market size, volume information is provided by country, type, load capacity, format and application industry as referenced above.
The countries covered in the global corrugated bulk bins market report are the 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, Israel, Egypt, South Africa, 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.
Asia-Pacific dominates the corrugated bulk bins market due to the improving global economy, rising domestic demand for ready-to-eat & convenience food products, growing in the food, automotive, chemical, pharmaceutical and consumer goods industries and expanding working population.
The country section of the corrugated bulk bins market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Corrugated Bulk Bins Market Share Analysis
The corrugated bulk bins 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 corrugated bulk bins market.
The major players covered in the corrugated bulk bins market report are Mondi, Sonoco Products Company, WestRock Company, International Paper, Georgia-Pacific, Greif, Smurfit Kappa, Orora Packaging Australia Pty Ltd, Packaging Corporation of America, Larsen Packaging Products, Inc., Supack Industries Pvt. Ltd, JAYARAJ FORTUNE PACKAGING PVT. LTD., B&B Triplewall Containers Ltd, Saica, Cartocor, DS Smith, emenacpackaging, Novolex, Elite Packaging, BAG Corp among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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