Corrugated Bulk Bins Market Size
Corrugated Bulk Bins Market was valued at USD 14.2 billion in 2023 and is anticipated to grow at a CAGR of over 5% between 2024 and 2032.
To get key market trends
The worldwide change from plastic and steel containers is gathering steam mostly to cut plastic use because of its environmental impact. The goal to lower the weight and expense of mass product transportation is another major influence causing this change. The companies had difficulties with the extra expenses related to steel containers, including logistic ones for storage, maintenance, and sterilization of the containers. Companies are constructing cardboard boxes that may satisfy consumer needs and act as packaging for products to help to fix the problem.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Corrugated Bulk Bins Market Size in 2023 | USD 14.2 Billion |
| Forecast Period | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR | 5% |
| 2032 Value Projection | USD 20 Billion |
| Historical Data for | 2021 - 2023 |
| No. of Pages | 220 |
| Tables, Charts & Figures | 346 |
| Segments covered | Load Capacity, Type, Format, Application, Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
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What are the growth opportunities in this market?
For example, in January 2023 Mondi Group devised the idea to substitute TankerBox for its Aromsa stainless-steel containers. A paper-based substitute, the container seeks to boost shipping capacity, simplify transportation, and reduce container maintenance.
The growing demand for corrugated bulk bins is highlighting the present patterns of modern customers awareness about the items packaging and avoidance of plastics avoiding plastics. The more recent recycling methods that provide simple and effective methods of recycling corrugated materials have affected this trend. The development offers a route to create lightweight, sturdy bulk bins that fit the growing transportation problems with product packaging. Safe and dependable solutions in packaging bulk goods are sought for by logistics departments, which is driving demand for reusable, collapsible bulk bins extending the lifetime and lowering waste.
Although there is complexity required for the customizing and flexibility since bespoke design needs to satisfy particular precise designs, corrugated bulk bins offer advantages of decreasing weight, minimizing total transportation cost, and helping in lessening stress on the environment. The product that is to be packaged determines the need of consumers, which consists in some sizes, forms, and strength. Customizing the bins according to product dimensions calls for exact production, which can give flexibility during handling and transit and keep their sturdiness.
Corrugated Bulk Bins Market Trends
You know those large cardboard containers used in shipping? They are undergoing a makeover! Businesses are using cardboard packaging better for the environment and compliant with government regulations. Governments are punishing packaging waste. They are pushing green packaging and urging businesses to cut their usage. Thus, demand for environmentally friendly packaging is really high. Consider DryPack. Made by DS Smith, this fascinating seafood box first debuted in North America in 2024. Made of cardboard, it is 100% recyclable. Also leak-proof and, when refrigerated, can keep fish fresh for more than forty hours. That's a great advance over the old, non-recyclable foam canisters!
Hey now! The demand for those strong corrugated bulk containers has exploded recently. Just why? People are, nevertheless, loving online grocery buying and e-commerce unlike anything else. Companies therefore require a means of securely delivering all those things. Still, it goes beyond simply rearranging things. Businesses are also considering what consumers today desire. Businesses are searching for environmentally friendly packaging since people are become more ecologically sensitive. A business named Cascades debuted a neat new lidded basket in January to assist with this. Unlike some less environmentally friendly food packaging choices, it is created from recyclable cardboard that can be once more. This is quite important since it enables businesses to satisfy the rising demand for environmentally friendly solutions.
Corrugated Bulk Bins Market Analysis
Learn more about the key segments shaping this market
Based on type, the market is segmented into hinged, pallet packs, and others. The pallet packs segment represents the fastest growing segment, with a CAGR of over 5.5% between 2024 and 2032.
- Made from recyclable materials, pallet packs are in demand as environmental effect caused by the packaging sector grows more of a worry. Companies in different fields are under pressure to lower their carbon footprint, which forces interesting companies to adopt green and sustainable packaging solutions. Demand for pallet packs in industries including food and beverages as well as other commodities results from the drive for better packaging solutions.
- Given their design for best stacking and space use, the pallet packs offer major supply chain and logistical benefits. The ruggedness guards the products against harm throughout the journey. In sectors where logistics efficiency is needed, pallet packs' simplicity of handling makes them a preferred alternative.
Learn more about the key segments shaping this market
Based on the format, the corrugated bulk bins market is segmented into triple wall, double wall, single wall, and others. The triple wall segment dominated the market in 2023 and is expected to reach over USD 10 billion by 2032.
- Triple wall corrugated containers are strong, durable bulk containers used to protect large, heavy & delicate products for shipping/display purposes. They possess the strength of wood, but are significantly lighter, creating a cost optimized solution that can be used repeatedly.
- As an economic shipping alternative, these corrugated containers with their heavy-duty triple-wall construction are used to protect large, heavy, and delicate products. These products can include produces such as watermelon, cantaloupe, and pumpkins. Combining the triple wall strength with corrugated cardboard that can be customized with generic/customized graphics makes tri-wall packaging an optimal packaging solution for producing shipping and retail display
Looking for region specific data?
Expected to reach USD 6.5 billion by 2032, the corrugated bulk bins industry is seeing unheard-of expansion in Asia Pacific. Asia Pacific has developed a demand for bulk packaging of goods that may be securely transported to different distances since it boasts different economies and supply systems. The fast urbanization of nations like South Korea navigating the effective use of the cardboard bins in many sectors used for packaging the items efficiently and satisfy customer needs accounts for this demand creation.
Europe makes strong efforts in reusing and recycling materials, providing opportunities for the countries in Europe to develop recyclable packaging solutions. The UK Packaging Regulations introduced new requirements for packaging producers to collect the amount and type of packaging they place. The UK Packaging Regulations form part of the EPR Packaging Scheme designed to regulate packaging producers and take responsibility for the environmental impact.
Hey there! As North America gets more and more eco-friendly, we're seeing a lot of cool new ways to package stuff. With online grocery shopping getting bigger and people loving to buy things online, logistics companies have a chance to switch to greener packing options. These corrugated bulk bins are super strong and can handle even bulky items without breaking a sweat. Plus, they're designed to be flexible, so you can fit them into any space. In the U.S., International Paper opened a new factory that's all about making these eco-friendly boxes. They're going to make packaging for all sorts of things, like fruits and veggies, processed food, drinks, and anything else you can think of that needs to be shipped or stored. This is not only good for the environment, but it also helps the company grow its business in the northeastern U.S. It's a win-win!
Corrugated Bulk Bins Market Share
International Paper Company and WestRock Company collectively held over 10% share of the corrugated bulk bins industry in 2023. International Paper Company has over 125 years of expertise and creates packaging solutions that protect the goods. The company has a strong focus on recycling & reducing wastage with a variety of heavy duty laminated bulk bins for the efficient packaging of goods. It produces packages that are customizable to design, durable, stackable and moisture resistant.
Mondi Group is a packaging and paper group having presence in more than 30 countries with a strong focus on packaging & paper, contributing to a better world by making innovative solutions that are sustainable by design. Mondi’s employees work across 100 production sites and develop solutions that are highly efficient in the barrier factors for the protection of goods.
Corrugated Bulk Bins Market Companies
Major players operating in the market are
- International Paper Company
- Mondi Group
- WestRock Company
- Smurfit Kappa Group
- DS Smith Plc
- Packaging Corporation of America
Corrugated Bulk Bins Industry News
- In March 2024, WestRock and Liberty Coca-Cola Beverages successfully installed new equipment at the bottler’s production facility in Philadelphia, seeking to replace an estimated 200,000 pounds of plastic rings used in multipack bottled drinks with recyclable paperboard carriers.
- In January 2024, Smurfit Kappa formed a new corrugated plant in North Africa with an investment of around USD 5.1 billion. The plant has a spanning area of 25,000m² where packaging products for clients across industrial, agriculture, fast-moving consumer goods, pharmaceutical, automotive, ceramics, and textiles sectors, along with fish & meat markets are produced and various requirements are addressed.
The corrugated bulk bins market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD million) from 2024 to 2032, for the following segments
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Market, By Load Capacity
- More than 1,500 kg
- 1,000 – 1,500 kg
- Below 1,000 kg
Market, By Type
- Hinged
- Pallet packs
- Others
Market, By Format
- Triple wall
- Double wall
- Single wall
- Others
Market, By Application
- Food & beverages
- Pharmaceuticals
- Automotive
- Chemical
- Oil & lubricants
- Building & construction
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- ANZ
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
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