Bulk Container Packaging Market Growth Trends & Forecast till 2028

The Bulk Container Packaging Market report has recently been added to Stratview Research’s offering. This report shows lucrative growth opportunities in the industry during the next five-year period and ensures more information regarding the market trends. The following summary will give an overview of the challenges, dynamics, and key market players.
Market Insights
The bulk container packaging market size was valued at USD 3.5 billion in 2021 and is likely to grow at a CAGR of 9.37% during 2022-2028 to reach USD 6.59 billion in 2028.
What is bulk container packaging?
Bulk container packaging can be defined as any container having a capacity of two cubic yards or greater. Such containers are equipped with fittings for hydraulic or mechanical unloading.
COVID-19 IMPACT
The lockdowns and restrictions on dine-in restaurants as well as online ordering of food and beverage had a negative impact on the growth of the food and beverage industry. This in turn impacted the Bulk Container Packaging Market, declining demand during the Covid era.
Market Drivers
The prime factor that is contributing to the demand for bulk container packaging market are-
• Growing adoption by the food & beverages industry,
• Growing adoption by the chemicals industry.
Some Key Players mentioned -
The following are the key players mentioned in this report-
• BLT Flexitank Industrial Co. Ltd.
• Gaoqing Anthente Container Package Company Limited
• Büscherhoff Spezialverpackung GmbH & Co. KG
• Braid Logistics
• KriCon
• Environmental Packaging Technologies, Inc.
• Ven Pack
• MY Flexitank (MYF)
• Qingdao LAF Packaging Co. Ltd.
• SIA Flexitanks.
Segment Analysis
Based on the product type, the market is segmented as flexitanks, flexible intermediate bulk container, and bulk container liner. The flexitanks segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period owing to the efficiency and effectiveness associated with such tanks. The utility of such tanks in shipping wine, oil, food-grade liquids, and nonhazardous chemicals will augment the segmental growth over the forecast period.
Based on the application type, the market is segmented as food & beverage, chemicals, and others. The food & beverage segment accounted for the largest share in 2021 and is expected to maintain its dominance over the forecast period owing to rising population across the globe and changing spending patterns in emerging economies.
In terms of regions, North America is estimated to contribute to the largest market share during the forecast period. The North American market is expected to grow with a lucrative CAGR due to high agricultural and alcohol exports. Asia-Pacific is expected to grow with the highest CAGR owing to improving customer lifestyles and increasing disposable income in the region.
Customization:
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How decision makers can benefit from this report?
- The user can estimate regional trends from the output and forecast data up to the given forecast period.
- Identifying the growth strategies behind the expanding companies made easy.
- The report enables the users to assess and identify present and future prospects in markets that are most suited to plan growth strategies.
- This report throws light on all the low-hanging fruits in the market also covers all the key regions and sectors.
- The user can formulate plans on how to sustain and grow in the market and minimize any negative impact on revenues.
Read More: https://www.stratviewresearch.com/1077/bulk-container-packaging-market.htmlTopics Covered in this report:
Below given are a few of the topics which are covered in this report -
1. Executive Summary
2. Environment Analysis
3. Competitive Analysis
4. Strategic Growth Opportunities
5. Market Attractiveness
6. Company Profile of Key Players
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