Bulk Container Packaging Market Size, Share, and COVID-19 Impact Analysis, By Material (Plastic, Metal, Paper & Paperboard, and Others), By Product Type (Flexitanks, Drum, Intermediate Bulk Containers, Bulk Container Liners, and Others), By End Use (Food & Beverage, Personal Care & Cosmetics, Pharmaceutical, Chemical & Petrochemical, and Others), and Regional Forecast, 2024-2032

The bulk container packaging market is driven by rising demand from the chemical & petrochemical and food & beverage industry. The increasing growth of flexitank in non-hazardous chemicals and food ingredients transportation is the major factor boosting the overall bulk container packaging market. Flexitank is preferred due to its low contamination risk and environmental friendliness, fuelling the market growth. The need for a versatile and spillproof shipping container, keeping the stored contents safe in turbulent journeys, has increased demand for bulk container packaging. End users targeting a single solution to address both effective storage of the product and economical transportation is boosting the bulk container packaging market growth.

• For instance, on May 2022, Myers Industries expanded production by acquiring Rotational Molding Facility in Georgia. The acquisition increases its production capacities.

The benefits provided by the bulk container packaging market for the cosmetic industry are growing tremendously due to the protection of high-valued products and natural factors driving the market. With the advancement in technology and emerging trade policies, trade can be facilitated in different countries; as a result, the bulk container packaging market will boost during the forecast period.

The basic raw material used for packaging, namely plastic and its recycling, is a major restraining factor for the growth of the bulk container market. With the changing market trend, it isn't easy for many countries to adapt to the changing environment. The stringent government regulations for using plastic restrict the growth of the bulk container packaging market.

IMPACT OF COVID-19 ON THE BULK CONTAINER PACKAGING MARKET

Restriction on dine-in restaurants and reduced online food and beverage ordering activities have negatively impacted the food and beverage industry and disrupted the supply chain process, affecting the growth of bulk container packaging among food and beverage end users. The post COVID-19 era is witnessing a rise in the trade of chemicals and pharmaceutical products among various countries. Manufacturers emphasize bulk container packaging for product safety of medicine and drugs during transportation, boosting the bulk container packaging market.

KEY INSIGHTS

The report will cover the following key insights:

• Recent Advancements in the Bulk Container Packaging Market


• Key Industry Trends


• Regulatory Landscape for the Bulk Container Packaging Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

ANALYSIS BY MATERIAL

Based on the material, the market is segmented into plastic, metal, paper & paperboard, and others. Plastic holds the largest market share in the global bulk container packaging market. Plastic material is used widely for its various benefits, such as being corrosion resistant, cost less, and light weighted. The metal material is also used significantly due to its excellent barrier properties and increased market growth. Hence, the paper & paperboard and other segments are also boosting the market.

ANALYSIS BY PRODUCT TYPE

Based on the product type, the market is segmented into flexitanks, drums, intermediate bulk containers, bulk container liners, and others. Intermediate bulk containers hold the largest market share in the global bulk container packaging market. Growth for smaller formats of industrial bulk packaging in the pharmaceutical industry is expected to fuel the growth of the overall market. The other segments, such as flexitanks, drums, bulk container liners, and other product types, are also increasing the bulk container packaging market.

ANALYSIS BY END USE

Based on the end use, the market is segmented into food & beverage, personal care & cosmetics, pharmaceutical, chemical & petrochemical, and others. Chemical & petrochemical holds the largest share of the global container packaging market. Bulk container packaging is ideal for transporting and storing petrochemicals and hazardous chemicals. The pharmaceutical segment is anticipated to grow during the forecast period due to the rising need for hygiene, driving the market growth.

REGIONAL ANALYSIS

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The global bulk container packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific holds the largest global bulk container packaging market share. The growth can be attributed to the rising exports of bulk chemicals and oils to North America and Europe. Europe is estimated to experience moderate growth in the bulk container packaging market due to the high export of wines is projected to boost the market in the Europe region. Middle East & Africa, and Latin America are anticipated to emerge as the fastest-growing region due to the increasing usage of bulk bags for transportation.

KEY PLAYERS COVERED

The report will include profiles of key players such as Greif, Berry Global, Inc., DS Smith, Mondi Group, International Paper, Winpak, Mauser, Hoover CS, Myers Industries, and Schoeller Allibert.

SEGMENTATION

KEY INDUSTRY DEVELOPMENTS

• December 2022: a developer of high-performance barriers & conventional blow-molded containers, Lee Container Corp. Inc., was acquired by Greif for USD 300 million. Greif estimates that by integrating Lee Container's operations, it can easily increase efficiency and performance by at least USD 6 million over the next two years.


• March 2022: A three-pod Reefer Flexitank system, Trinity Tank, which highly enables shippers to load several bulk liquids in a single container, was launched by SIA. The triple tanks hold 9,000 liters each and have a maximum capacity of 27,000 liters.