Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Bulk Container Packaging Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Bulk
Container Packaging Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Bulk Container Packaging Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Bulk
Container Packaging Market is offered. In
accordance with the report, the global Bulk Container Packaging Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints
,Opportunity & Trends of the Market:
Definition
Bulk
containers are the most preferred product type all over the globe. Among the
bulk containers sub type, flexible bulk containers have much larger share as
compared to rigid bulk containers. FIBCs are the most preferred product type
among the bulk containers. Industrial
chemicals is the most preferred end use segment for the bulk container
packaging market. Bulk containers are extensively enjoyed for the
transportation of hazardous as well as non hazardous chemicals as the risk of
spillage is minimized to a great extent.
Market Drivers
North
America off late has been witnessing a steep rise in the demand of its food and
chemical applications. One third of the agricultural land in the U.S. is meant
particularly for exports which drives the need of bulk packaging. Bulk
containers offer several advantages such as reusability and cost efficiency, leading
to their wide applicability across all regions of North America.
Another
factor which drives the need of bulk containers is their minimum contamination
issue since the IBCs are made through blow molding process which minimizes the
need of drilling and hence reduces the contamination chances.
Bulk
container packaging has made it possible for the shipping industry to transport
the products without being heavy on their pockets. Earlier, a crew of 1000
people was required for the shipping purposes but with the advent of bulk
containers, a maximum of 21 crew members are enough which has significantly
reduced the shipping costs and in turn has created revenue opportunities for
the industry.
Bulk
containers have generated a great level of productivity for the shipping
industry and has also helped them achieve subtle profitability.
Market Restraints
The
shipping industry is rattled by volatility of the freight rates and the traffic
on the trade routes is reducing significantly. This has led to an alarming
situation for the bulk container packaging market with the market growing at a
snail’s pace. Moreover, North America, specifically the United States has a
robust relationship with Europe and political uncertainties in Europe, for
example, the Britain exit from the European Union has led to significant drop
in the exports and imports between the two nations due to which the bulk
container packaging market is struggling to maintain its momentum.
Escalation
in the raw material prices and other input costs has led to increased prices of
the bulk containers which is exemplified by the increase in the prices of the
steel drums by Greif, Inc.
Moreover,
the lack of imports is limiting the supply of raw materials combined with a
delayed delivery has led to further strengthening of the raw material prices
and consecutively, limiting the profitability of the bulk container
manufacturers.
Opportunities
Dry
bulk shipping which includes automobiles and machinery parts were until now
transported by conventional means. This led to increase in the transportation
cost and ultimately, high price of the products transported.
Now,
the dry bulk shipping is now extensively containerized which has led to the
increase in the traffic of the trade routes and creating ample opportunities
for the North America bulk container packaging market.
Trends
The
APEJ region is witnessing headway in the consumption of flexitanks for
exporting vegetable oil and wines. Oil exporters in South East Asian countries
including Indonesia and Malaysia are preferring flexitanks over other bulk
packaging products such as drums, barrels, and tanks. Flexitanks provide higher
operational efficiency and effectiveness in shipping bulk quantities of
commodities in liquid form. Exports from ASEAN countries of products such as
palm oil is witnessing strong demand in India, China and Europe region. The
exports of vegetable oil and related products have grown over 1.5x between 2008
and 2019. Flexitanks have emerged as an cost effective transport packaging
solution for shipment of other non-hazardous materials such as wines, fruit
juices, etc. Countries in APEJ region with strong agricultural output are
improving their export volume by implementing effective means of storage,
transport and packaging solutions
Segment Covered:
This market
intelligence report on the global Bulk Container Packaging Market encompasses market segments based on product type, material
type, end use and country.
By
Product Type the global Bulk Container Packaging Market has been divided into:
q Flexitanks
q Bulk
Containers
o
Flexible
o Bag-in-box
containers
o Others
o
Rigid
o Lined
RIBC
o Unlined
RIBC
q Bulk
container Liners
q Others
By Material Type the global Bulk
Container Packaging Market has been divided into:
q Plastic
o HDPE
o LDPE
o LLDPE
o PP
o PVC
o Others
(Polystyrene, etc.)
q Metals
q Others
(Wood, Fibre, Paperboard)
By End
Use the global Bulk Container Packaging Market has been divided into:
q Industrial
Chemicals
o
Hazardous
o Non
Hazardous
q Petroleum
& Lubricants
q Food
& Beverages
q Paints,
Inks & Dyes
q Pharmaceuticals
q Others
(sand, building & construction materials)
By country/region, the global Bulk
Container Packaging Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q BLT
Flexitank Industrial Co. Ltd.
q Gaoqing
Anthente Container Package Company Limited
q Büscherhoff
Spezialverpackung GmbH & Co. KG
q Braid
Logistics
q KriCon
q Environmental
Packaging Technologies, Inc.
q Ven
Pack
q MY
Flexitank (MYF)
q Qingdao
LAF Packaging Co. Ltd
q Hoover
Ferguson Group
q Mauser
Group
q Qingdao
LAF Packaging Co. Ltd.
q SIA
Flexitanks
q Trust
Flexitanks
q CorrPak
Bulk Packaging
q RDA Bulk Packaging
q LC Packaging
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Bulk Container Packaging Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Mauser Group
Mauser Group
B.V. announced to start three new production lines in France by 2017. This
investment was in response to the growing demand for industrial packaging
solutions in France. In 2015, the company invested in its steel drum operations
in Houston, U.S. to increase productivity. Additionally, it started IBC
production in Turkey.
Hooover Ferguson Group
Hoover Ferguson
group was formed in the late 2016’s and off late the company’s strategy has
been on increasing its production base in the IBCs and tanks category which is
exhibited by the company’s acquisition of the offshore container business of
Uniteam Holding AS.
According to the
Managing Director of Hoovers Ferguson Group, this acquisition will help the
company to increase its offshore containers portfolio.
Qingdao LAF Packaging Co. Ltd
Qingdao LAF
Packaging Co. Ltd. focuses on establishing a strong service network across the
globe to cater to the increasing demand from the flexitanks market. The company
operates in more than 30 countries and provides customized solutions to its
clients located worldwide. Moreover, Qingdao LAF Packaging Co. Ltd. focuses on
getting its products certified by numerous international associations such as
the FDA, EEC, Kosher, Halal and HACCP
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Bulk
Container Packaging Market, size of the
market (US$ Mn ), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Bulk Container Packaging Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Bulk Container Packaging caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Bulk
Container Packaging Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Bulk Container Packaging Market
v
Identification
of key factors driving investment opportunities in the Bulk
Container Packaging Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants
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