Bulk Container Packaging Market - Growing Demand for Meals & Beverage is Expected to Lead Market Growth – Growing at a Compound Annual Growth Rate (CAGR) 9.5% from 2022 to 2028

Bulk Container Packaging
  • Bulk Container Packaging Market

As stated in our extensive report, the Global Bulk Container Packaging Market accounted for USD 3.7 Billion in the year 2021.The growing demand for meals & beverage and chemical enterprises drive the Bulk Container Packaging Market growth. Increasing flexitank demand for bulk non-dangerous chemical substances and meal components transportation is the predominant factor considered in developing the Bulk Container Packaging Market over the projected timeframe. High potential starting from 14 thousand litres to 24 thousand litres, low filling time, and a lesser wide variety of operators requirement are a few advantages furnished the expansion of the Bulk Container Packaging Market in recent years.

These tanks are used to reduce setup and loading time. In addition, these tanks are majorly utilized in transporting edible & animal oils, glycerine, wine, fruit concentrates, syrups, malts, meal paints, additives, and inks.

Furthermore, these containers can be transported by road, sea, rail, or by transporting non-dangerous liquid merchandise. The flexitank is desired because they support a massive number of excessive payloads, has low weight, extra space, and a common infection chance & environment-friendliness. These containers are volatile as Petrochemical-derived merchandise, including Polypropylene (PP) or Polyethylene (PE). Consequently, the enterprise follows comparable charge dynamics. Fluctuating petrochemical fees will sooner or later impede the product charge traits through 2025. However, growing demand for oil and liquids, including wine & beer, and fruit juices, will notably propel the expansion of the Bulk Container Packaging Market over the forecast timeframe. For instance, general export commodities from China became more or less around USD 1.5 trillion in 2007 and reached USD 2.5 trillion in 2014. This escalating growth will sooner create lucrative growth opportunities for the Bulk Container Packaging Market.

North Americadominates the growth of theBulk Container Packaging Market in 2021, and it is expected to continue its dominance over the forecast timeframe. The regional growth is primarily driven by increasing corn, oilseeds, and grains akin to soybean. It feeds demand from the U.S. Furthermore, one-third of the entire agricultural land in the U.S. accounts significantly for exports, which boosts the market growth. Furthermore, the region is engaged in massive volume commercialism and export of alcoholic & wine beverages, which also helps in the Bulk Container Packaging Market expansion in this region.

Some of the notable players in the Global Bulk Container Packaging Market include- Greif Inc., Berry Global Inc., Sealed Air Corporation, DS Smith PLC, Mondi Group, Bemis Company Inc., International Paper Company, Winpak Ltd, Mauser Group B.V, Hoover Ferguson Group and others.