Corrugated Bulk Bins Market Size - By Load Capacity (More Than 1,500 KG, 1,000 – 1,500 KG, Below 1,000 KG), By Type (Hinged, Pallet Packs), By Format (Triple Wall, Double Wall, Single Wall), By Application & Forecast, 2024 – 2032

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Packaging | Format: Report available in PDF / Excel Format

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Corrugated Bulk Bins Market Size - By Load Capacity (More Than 1,500 KG, 1,000 – 1,500 KG, Below 1,000 KG), By Type (Hinged, Pallet Packs), By Format (Triple Wall, Double Wall, Single Wall), By Application & Forecast, 2024 – 2032

Corrugated Bulk Bins Market Size

Corrugated Bulk Bins Market was valued at USD 14.2 billion in 2023 and is anticipated to grow at a CAGR of over 5% between 2024 and 2032.

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The global shift from plastic & steel containers is gaining momentum, primarily to reduce plastic usage due to its environmental impact. Another significant factor driving this shift is the desire to reduce the cost and weight of bulk product transportation. The additional cost associated with steel containers, such as logistic costs of storage, maintenance and sterilizing of the containers, posed challenges to the companies. To resolve the issue, organizations are building boxes of cardboard that can serve the purpose of packaging goods and meet the requirements of customers.

Corrugated Bulk Bins Market Report Attributes
Report Attribute Details
Base Year 2023
Corrugated Bulk Bins Market Size in 2023 USD 14.2 Billion
Forecast Period 2024 - 2032
Forecast Period 2024 - 2032 CAGR 5%
2032 Value Projection USD 20 Billion
Historical Data for 2021 - 2023
No. of Pages 220
Tables, Charts & Figures 346
Segments covered Load Capacity, Type, Format, Application, Region
Growth Drivers
  • Growth in e-commerce sectors
  • Growing demand for sustainability in packaging
  • Increase demand of product packaging in food and beverages sectors
  • Rising shift from plastic and steel containers to bulk cardboard bins
  • Innovation in the packaging method in various sectors
Pitfalls & Challenges
  • Quality and durability issue
  • Complexity involved in customization and flexibility

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For instance, in January 2023, Mondi Group came up with the solution to replace its stainless-steel containers of Aromsa with TankerBox. The container is a paper-based alternative that aims to increase shipping capacity, streamline transportation, and lower container maintenance.

The rising demand for corrugated bulk bins is showcasing the current trends of modern consumers consciousness about the products packaging and avoiding plastics. This trend has been influenced by the newer forms of recycling techniques enabling easier and efficient ways of recycling corrugated materials. The advancement is providing a path to develop durable, lightweight bulk bins that cater to the rising transportation issues with product packaging. Logistics departments are looking for safe and reliable options in packaging bulk products, and this is creating a demand for collapsible and reusable bulk bins that extend the lifecycle and reduce wastage.

Corrugated bulk bins offer benefits of reducing weight, minimizing overall transportation cost, and helping in reducing burden on the environment but there is complexity involved for the customization and flexibility as custom design needs to meet specific intricate designs. The requirement of customers, which includes certain sizes, shapes, and strength varies based on the product that is to be packaged. Tailoring the bins as per the dimensions of products requires precise manufacturing, which can hold its sturdiness and provide flexibility during handling & transportation.

Corrugated Bulk Bins Market Trends

You know those big, cardboard bins for shipping stuff? They're getting a makeover! Companies are switching to cardboard packaging that meets government rules and is better for the environment. Governments are cracking down on packaging waste. They're promoting green packaging and encouraging companies to reduce how much they use. So, there's a big demand for packaging that doesn't hurt the planet. Take DryPack, for example. This cool seafood box is made by DS Smith and came out in North America in 2024. It's made of cardboard and is totally recyclable. Plus, it's leak-proof and can keep fish fresh for over 40 hours when packed with ice. That's a big improvement over those old, non-recyclable foam containers!

Hey there! The need for those sturdy corrugated bulk bins has skyrocketed lately. Why? Well, people are loving online grocery shopping and e-commerce like never before. This means companies need a way to safely transport all those goods. But it's not just about moving stuff around. Companies are also paying attention to what customers want these days. People are becoming more eco-conscious, so businesses are looking for packaging that's good for the planet. To help with this, a company called Cascades came out with a cool new closed basket in January. It's made from recycled cardboard that can be recycled again, unlike some less eco-friendly food packaging options. This is a big deal because it helps companies meet the growing demand for sustainable solutions.

Corrugated Bulk Bins Market Analysis

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Based on type, the market is segmented into hinged, pallet packs, and others. The pallet packs segment represents the fastest growing segment, with a CAGR of over 5.5% between 2024 and 2032.

  • Pallet packs, which are made from recyclable materials, are in demand due to the rising concerns of environmental impact put by the packaging industry. Businesses in various sectors are under pressure to reduce their carbon footprint, compelling organizations to choose sustainable and green packaging options. The push for greener packaging solutions creates a demand for pallet packs in sectors such as food & beverages and other goods.
  • The pallet packs provide significant advantages in terms of supply chain & logistics as they are designed in a way for optimal stacking and space utilization. The robustness protects the goods from getting damaged during the transit operation. The ease of handling which the pallet packs provide makes them a preferred choice in sectors where logistics efficiency is required

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Based on the format, the corrugated bulk bins market is segmented into triple wall, double wall, single wall, and others. The triple wall segment dominated the market in 2023 and is expected to reach over USD 10 billion by 2032.

  • Triple wall corrugated containers are strong, durable bulk containers used to protect large, heavy & delicate products for shipping/display purposes. They possess the strength of wood, but are significantly lighter, creating a cost optimized solution that can be used repeatedly.
  • As an economic shipping alternative, these corrugated containers with their heavy-duty triple-wall construction are used to protect large, heavy, and delicate products. These products can include produces such as watermelon, cantaloupe, and pumpkins. Combining the triple wall strength with corrugated cardboard that can be customized with generic/customized graphics makes tri-wall packaging an optimal packaging solution for producing shipping and retail display

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The corrugated bulk bins market is experiencing an unprecedented growth in Asia Pacific and is expected to reach USD 6.5 billion by 2032. Asia Pacific has diverse economies & supply chains, and it has created a demand for bulk packaging of products that can be safely transported to varying distances. This demand creation is owing to the rapid urbanization as countries such as South Korea is navigating the efficient utilization the cardboard bins in various sectors which are used for packaging the goods efficiently and cater to the consumer demands.

Europe makes strong efforts in reusing and recycling materials, providing opportunities for the countries in Europe to develop recyclable packaging solutions. The UK Packaging Regulations introduced new requirements for packaging producers to collect the amount and type of packaging they place. The UK Packaging Regulations form part of the EPR Packaging Scheme designed to regulate packaging producers and take responsibility for the environmental impact.

Hey there! As North America gets more and more eco-friendly, we're seeing a lot of cool new ways to package stuff. With online grocery shopping getting bigger and people loving to buy things online, logistics companies have a chance to switch to greener packing options. These corrugated bulk bins are super strong and can handle even bulky items without breaking a sweat. Plus, they're designed to be flexible, so you can fit them into any space. In the U.S., International Paper opened a new factory that's all about making these eco-friendly boxes. They're going to make packaging for all sorts of things, like fruits and veggies, processed food, drinks, and anything else you can think of that needs to be shipped or stored. This is not only good for the environment, but it also helps the company grow its business in the northeastern U.S. It's a win-win!

Corrugated Bulk Bins Market Share

International Paper Company and WestRock Company collectively held over 10% share of the corrugated bulk bins industry in 2023. International Paper Company has over 125 years of expertise and creates packaging solutions that protect the goods. The company has a strong focus on recycling & reducing wastage with a variety of heavy duty laminated bulk bins for the efficient packaging of goods. It produces packages that are customizable to design, durable, stackable and moisture resistant.

Mondi Group is a packaging and paper group having presence in more than 30 countries with a strong focus on packaging & paper, contributing to a better world by making innovative solutions that are sustainable by design. Mondi’s employees work across 100 production sites and develop solutions that are highly efficient in the barrier factors for the protection of goods.

Corrugated Bulk Bins Market Companies

Major players operating in the market are

  • International Paper Company
  • Mondi Group
  • WestRock Company
  • Smurfit Kappa Group
  • DS Smith Plc
  • Packaging Corporation of America

Corrugated Bulk Bins Industry News

  • In March 2024, WestRock and Liberty Coca-Cola Beverages successfully installed new equipment at the bottler’s production facility in Philadelphia, seeking to replace an estimated 200,000 pounds of plastic rings used in multipack bottled drinks with recyclable paperboard carriers.
  • In January 2024, Smurfit Kappa formed a new corrugated plant in North Africa with an investment of around USD 5.1 billion. The plant has a spanning area of 25,000m² where packaging products for clients across industrial, agriculture, fast-moving consumer goods, pharmaceutical, automotive, ceramics, and textiles sectors, along with fish & meat markets are produced and various requirements are addressed.

The corrugated bulk bins market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD million) from 2024 to 2032, for the following segments

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Market, By Load Capacity

 

  • More than 1,500 kg
  • 1,000 – 1,500 kg
  • Below 1,000 kg

Market, By Type

  • Hinged
  • Pallet packs
  • Others

Market, By Format

  • Triple wall
  • Double wall
  • Single wall
  • Others

Market, By Application

  • Food & beverages
  • Pharmaceuticals
  • Automotive
  • Chemical
  • Oil & lubricants
  • Building & construction
  • Others

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ANZ
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA

 

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