Bulk Container Packaging Market (By Product: Flexitanks, Flexible Intermediate Bulk Container, Bulk Container Liners; By Application: Food & Beverage, Chemicals) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026
According to Acumen Research and Consulting, the global Bulk Container Packaging market is forecasted to grow at striking CAGR around 7 % over the forecast time frame and reach around US$ 6.5 billion by 2026.
The products used for the transport and storage of drinks, oil and fat, food products in large quantities and quantities are known as container packaging for bulk. Bulk container liners, flexible tanks and flexible intermediate bulk containers are the most frequently used alternatives worldwide.
The report provides analysis of global Bulk Container Packaging market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Market Insights
The bulk container packaging market is expected to be driven by increased demand from the food and beverage industries and from the chemical sector. Increased flexibility demand is probable to cause the general size of the sector over the predicted timeframe in non dangerous bulk chemicals and food ingredient transportation. Flexitank provides an added value compared to other counterparts such as drums and barrels, ISO containers and IBCs. Some advantages offered by flexitanks include a high capacity range from 14,000 to 24,000 liters, a small fill time and less operators. In addition, it also entails very less installation and loading time. These tanks are designed for transport of food and food additives, glycerins, wine, concentrate of fruit, syrups, malt and ink. In addition, containers of this kind can be transferred via highway, sea and rail. Flexitanks are also preferred to transport non-hazardous liquid products owing to their additional benefit such as large payloads, low weight, more space, low risk of contamination and environmentally friendly. As petrochemical products such as polypropylene (PP) or polyethylene (PE) petrochemical derived products, the cost dynamics of bulk container liner, flexitancers and flexible bulk intermediates (FIBC) are volatile; thus the industrial dynamics are similarly comparable. The product prices will then be hampered by the fluctuating petrochemical prices by 2026. However, growing demand in BRIC nations for oil, drinks such as wine, beer and fruit juices will significantly drive development in the sector over time.
Product Stance
Over the forecast era, the Flexitank segment will see the greatest profits. These tanks are an option to ISO tank containers for the delivery of oil, wine, fluids of food grade and non-hazardous chemicals worldwide. Transportation and storage of liquids have traditionally been costly and complicated. But flexitank provides the storage and transportation of liquid and dry bulk products a more efficient and flexible strategy. Main portion of the world market share for bulk packaging containers in 2018 were the flexible intermediate bulk containers (FIBC). The containers can carry their own weight more than thousand times and can also be adapted according to their implementation. Increased demand for products for the transport of construction materials, polymers, detergents and powder-free chemistry is primarily ascribed to industry development in this sector. The product is offered in a broad range of conducting, antistatic, flammative and dissipative bags for a broad variety of packaging applications. Moreover, increased industrial manufacturing and effective transport will considerably increase company development by 2026. Moreover, these containers have great opportunities for recycling and re-conditioning, thus further increasing their demand around the world.
Application Stance
Over 30% of the worldwide sector size in 2018 accounted for food & beverages. As foodstuffs demand has been considerably initiated at low price by rapidly increasing populations primarily in Asia and the Middle East. Increasing socio-economic factors and shifting patterns of expenditure in emerging economies have significantly boosted demand for tea, coffee, wine and beer. In turn, these developments will increase food sector import / export operations for contaminated products, which will supplement company development by 2026. The market share for bulk packaging of chemicals will grow by 2026 at about 10.1% CAGR. The increased demand for semi-finished transport of products, lubricants, equipment and minerals is to foster the development of the sector. In addition, because of its simple accessibility of raw materials, drifting chemical producers concentrate on establishing their production facilities in Asia Pacific, promoting public policies and low operating costs, has boosted the chemical trade to satisfy the worldwide demand for pulled chemicals. China has been exporting chemicals to North America for a value of USD 14.1 billion and to East Asia and Pacific for 40 trillion in 2018, according to World Integrated Trade Solutions. These trends are expected to continue to have a positive effect on the growth pace of sector by 2026.
Regional Stance
In 2018, North America resulted the entire bulk packaging industry with a forecast gain of over 9.4 percent. Increasing maize, fuel seeds, grains such as soybeans and food demand in the US are mainly responsible for regional development. In addition, the export accounts for one third of the U.S. agricultural property. The region exports big volumes of alcoholic drinks, including beer and wine. Wine is exported to Hong Kong by about USD 1.1 billion in 2018, with wine profits exceeding 9.2 percent from the prior year, according to Wine Institute. By 2026, businesses are anticipated to expand with such trends. Over the forecast era, Asia Pacific will witness profits of almost 10.5%. The increasing population in China and India mainly has driven the global food and beverage company in the region significantly. Moreover, the improvement in Asia-Pacific consumption lifestyles caused demand for fruit juices, wine, beer and coffee as the consumer's disposable income increased. The manufacturing and supply of foodstuff products is rising to satisfy the increasing demand for the above mentioned foodstuffs in the region and this will have a beneficial impact on industry development during the predicted timeframe.
Market Segmentation
Global Bulk Container Packaging Market, By Product
- Flexitanks
- Flexible Intermediate Bulk Container
- Bulk Container Liners
Global Bulk Container Packaging Market, By Application
- Food & Beverage
- Chemicals
Global Bulk Container Packaging Market, By Geography
- North America.
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa (MEA)
The market research study on “Bulk Container Packaging Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Bulk Container Packaging market segments with market dynamics and their impact. The report also covers basic technology development policies.
It offers an assessment of the recent industry trends for each sub-segment between 2015 and 2026, and anticipates income development at worldwide, regional and nation levels. For this research, ARC segmented the worldwide Bulk Container Packaging market report on the grounds various segments.
Key Players & Strategies
In 2018, the total market share for bulk container packaging was strongly consolidated, with three manufacturers representing more than 50% of total industry. BLT Flexitank Industrial Co is one of the leading producers, Braid Logistics, Qingdao LAF Packaging, KriCon, Büscherhoff Spezialverpackung, SIA Flexitanks, MY Flexitank (MYF), Trust Flexitanks, K Tank Supply Limited, and Trust Flexitanks.
Major suppliers of products, such as BLT flexitanks, are in the sector at various phases. In addition, several product companies introduce goods with environmentally friendly characteristics to gain a foothold over their rivals. For example, 100% virgin polyethylene VLDPE is produced by SIA Flexitank. The flexitank is therefore distressed, washed and reconstituted into pellets that can be used further to build fresh products.
Frequently Asked Questions
What is bulk container packaging?
The bulk container packaging used for the transport and storage of drinks, oil and fat, food products in large quantities and quantities are known as container packaging for bulk.
What is the bulk container packaging market size?
Acumen Research and Consulting predict that, the bulk container packaging market size is anticipated to reach around US$ 6.5 billion in 2026.
At what CAGR is the bulk container packaging market projected to grow during 2019 to 2026?
The bulk container packaging market is anticipated to grow over 7% CAGR during the forecast period 2019 to 2026.
What is the main driver of bulk container packaging market?
The increased demand from the food and beverage industries and from the chemical sector is main driver of the bulk container packaging market.
How much is the market size of food & beverages segment for bulk container packaging market?
Over 30% of the worldwide sector size in 2018 accounted for food & beverages.
Which region held the maximum share for the bulk container packaging market?
In 2018, North America resulted the entire bulk packaging industry with a forecast gain of over 9.4 percent.
Which region is projected to grow at a fastest rate for the bulk container packaging market during the forecast period?
Over the forecast era, Asia Pacific will witness profits of almost 10.5%.
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