Bulk Container Packaging Market Size

Bulk Container Packaging Market Size

Bulk Container Packaging Market size was over USD 3.4 billion in 2018 and will grow at a CAGR of over 10% over the projected period.

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Bulk container packaging market is anticipated to be largely driven by rising demand from food & beverage and chemical industry. Increasing flexitank demand in bulk non-hazardous chemicals and food ingredients transportation is the major factor likely to trigger the overall industry size over the projected timeframe. Flexitank offers value added advantage over other counterparts such as drums or barrels, ISO containers and intermediate bulk containers (IBC). High capacity ranging from 14,000 liters to 24,000 liters, low filling time and lesser number of operators requirement are some benefits provided by flexitanks. In addition, it also entails very less installation and loading time. These tanks are suitable in transporting edible & animal oils, glycerin, wine, fruit concentrates, syrups, malts, food additives, paints and inks. Furthermore, these containers can be transported by road, sea and rail. Also, for shipping non-hazardous liquid products, flexitanks are preferred due to its added advantage such as high payloads, low weight, more space, low contamination risk and environment-friendliness.
 

Price dynamics of bulk container liners, flexitanks, and flexible intermediate bulk container (FIBC) are unstable as petrochemical derived products such as polypropylene (PP) or polyethylene (PE), therefore the industry follows similar price dynamics. Fluctuating petrochemical prices will subsequently hamper the product price trends by 2025. However, increasing oil, beverages such as wine & beer and fruit juices demand in BRIC nations will substantially propel industry growth over the forecast timeframe. For instance, total export commodities from China was roughly around USD 1.5 trillion in 2007 and reached USD 2.5 trillion in 2014. This escalating will subsequently create growth avenues for the industry participants by 2025.