Bulk Container Packaging Market Size
Bulk Container Packaging Market size was over USD 3.4 billion in 2018 and will grow at a CAGR of over 10% over the projected period.
There is a growing need for bulk container packaging, especially in the food and drink and chemical industries. This is mostly because flexitanks are becoming more popular. They have a number of benefits over traditional packaging options including drums, barrels, and IBCs. Flexitanks can hold a lot of stuff, from 14,000 to 24,000 liters, which means you don't need as many containers and they take up less space while shipping. They also fill up quickly and don't need as many people to operate them. Also, it doesn't take long to install or load them. Flexitanks are great for moving glycerin, wine, fruit concentrates, syrups, malts, food additives, paints, and inks, as well as edible oils. They can be shipped by road, sea, or rail, which makes them useful for moving things across large distances. Flexitanks are better for shipping non-hazardous liquids because they can hold more weight, are lighter, and take up less space. They are also less likely to get contaminated and are good for the environment, so businesses may use them for a long time.
The pricing of containers, flexitanks, and FIBC (flexible packaging alternatives) are closely linked to the prices of petrochemicals like polypropylene and polyethylene. So, the prices of these packaging solutions fluctuate up and down with the pricing of these chemicals. Experts say that the ups and downs in petrochemical pricing will make the packaging sector much more unpredictable by 2025. But the good news is that the industry's growth will be helped by the growing demand for oil, wine, beer, and fruit juices in Brazil, Russia, India, and China. China's exports, for example, increased from about $1.5 trillion in 2007 to $2.5 trillion in 2014. By 2025, enterprises that create and sell packaging will have additional chances to build their company as exports keep going up.
| Report Attribute | Details |
|---|---|
| Base Year | 2018 |
| Bulk Container Packaging Market Size in 2018 | 3.4 Billion (USD) |
| Forecast Period | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR | 10% |
| 2025 Value Projection | 6.9 Billion (USD) |
| Historical Data for | 2014 to 2018 |
| No. of Pages | 94 |
| Tables, Charts & Figures | 128 |
| Segments covered | Product and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
|
Bulk Container Packaging Market Analysis
The flexitank category will have the biggest gains within the time period covered by the forecast. These tanks can be used instead of ISO tank containers to carry oils, wines, food-grade liquids, and nonhazardous chemicals all over the world. It has always been hard and expensive to move and store liquids. Flexitank, on the other hand, is a more flexible and cost-effective way to store and move both liquid and dry bulk goods.
Flexible bulk containers were the most preferred way to move huge amounts of goods in 2018. These containers are very sturdy; they can hold more than a thousand times their own weight. They can also be customized to meet certain needs, which makes them useful for a wide range of tasks. A lot of the requirement for flexible bulk containers comes from the necessity to move construction materials, polymers, detergents, and non-hazardous chemicals in powder form. There are many different kinds of bags, such as conductive, anti-static, and flame-retardant bags, that can be used for many different types of packing. The rise of the manufacturing sector and the requirement for quick transportation are predicted to boost this business significantly until 2025. Flexible bulk containers are also easy to recycle and fix, which makes them more appealing and in demand around the world.
Food and drink made up more than 30% of the size of the global sector in 2018. The quickly rising population, mostly in Asia Pacific and the Middle East, has greatly increased the demand for cheap food products. Rising social and economic circumstances, as well as shifting spending habits in developing countries, have greatly increased the demand for tea, coffee, wine, and beer. These developments will also increase trade in the food industry, which will help businesses grow by 2025 by making it easier to move goods without getting them dirty.
Get ready, everyone! The demand for those enormous, strong containers that are used to convey chemicals is going to expand by more than 10% every year until 2025. What caused the sudden boom? People are going crazy for these devices to move their half-finished items, lubricants, building materials, and minerals. That's not all, though. Chemical businesses are moving to Asia Pacific because it's easy to get raw materials, the government is friendly, and business costs are lower. This means that more chemicals are being traded around the world to meet the rising demand. In 2017, China sent North America USD 14 trillion worth of chemicals and East Asia and the Pacific USD 39 trillion worth of chemicals. And this tendency isn't going to stop anytime soon. This excitement will keep this industry getting bigger and bigger till 2025 and beyond.
Hey! Did you know that North America was the biggest player in the bulk container business in 2018? In fact, they should expand by a huge 9.5% or more in the next few years. So, what is causing this growth? It turns out that the US grows a lot of corn, soybeans, and other grains. And they're not just hoarding all that food for themselves! One-third of the acreage in the US is used to grow crops that are just for export. Also, North America has a flourishing alcohol trade. They are sending a lot of beer and wine to other countries. The Wine Institute says that in 2018 alone, the US sent $1.18 billion worth of wine to Hong Kong. That's a 9% rise from last year! Because of all this, companies that create bulk containers will be busy until at least 2025.
Over the time period predicted, Asia Pacific will have growth of about 11%. The total food and drink business in the area has grown a lot because of the rising population, especially in China and India. Also, as people's lives improve in Asia Pacific countries because they have more money to spend, the demand for fruit juices, wine, beer, and coffee has gone up. To meet the rising demand for the food goods indicated above in the area, production and supply are on the rise. This will have a favorable effect on the growth of the industry over the projection period.
Bulk Container Packaging Market Share
The overall bulk container packaging market share was highly consolidated in 2018, with three producers accounting for over 50% of the overall share. Some of the key manufacturers are
- BLT Flexitank Industrial Co. Ltd
- Shandong Anthente New Materials Technology
- Braid Logistics
- KriCon
- Büscherhoff Spezialverpackung
- Environmental Packaging Technologies
- K Tank Supply Limited
- Qingdao LAF Packaging
- MY Flexitank (MYF)
- SIA Flexitanks
- Trust Flexitanks
- Qingdao LAF Packaging
- Trust Flexitanks.
Major product manufacturers including BLT Flexitanks have presence across multiple stages of the industry ecosystem. In addition, various product manufacturers are involved in introducing products with eco-friendly features to gain an edge over its competitors. For instance, SIA Flexitanks are manufactured from 100% virgin VLDPE polyethylene. Therefore, the used flexitank is distressed, cleaned and re-processed into pellets which can further be used to manufacture new items.
Industry Background
The Future of Bulk Liquid ShippingA Growth Story Get ready for a surge in the global liquid shipping industry! Exports of edible oil from Southeast Asia and the booming bulk wine trade are set to fuel growth by 2025. Flexitanks, those super-handy containers that hold liquids like magic, are also set to shine. They're more efficient and cheaper than their competitors, so they're sure to keep growing in popularity. But hold on, there's a catch. The price of crude oil is always jumping around, which could slow down the growth of liquid shipping. After all, the industry is tied to those oil prices. Speaking of growth, flexitanks are leading the pack. They're just way better than the other options out there. Now, let's talk regions. North America is the kingpin right now, thanks to all their food exports that go far and wide.
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