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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The demand for bulk container packaging is on the rise, especially in the food and beverage and chemical industries. This is largely due to the increasing popularity of flexitanks, which offer several advantages over traditional packaging options like drums, barrels, and IBCs. flexitanks have a high capacity, ranging from 14,000 to 24,000 liters, which reduces the number of containers needed and saves space during shipping. They also have a short filling time and require fewer operators to handle. Plus, their installation and loading times are minimal. flexitanks are ideal for transporting edible oils, glycerin, wine, fruit concentrates, syrups, malts, food additives, paints, and inks. They can be shipped by road, sea, or rail, making them versatile for long-distance transportation. For shipping non-hazardous liquid products, flexitanks are preferred because they have a higher payload capacity, are lighter in weight, and require less space. They also have a lower risk of contamination and are environmentally friendly, making them a sustainable option for businesses.
The prices of containers, flexitanks, and FIBC (flexible packaging options) are closely tied to the prices of petrochemicals like polypropylene and polyethylene. So, when the prices of these chemicals go up and down, so do the prices of these packaging solutions. By 2025, the ups and downs in petrochemical prices are expected to make the packaging industry even more unpredictable. But on the bright side, the increasing demand for oil, drinks like wine and beer, and fruit juices in countries like Brazil, Russia, India, and China will help the industry grow. For example, China's exports went from around $1.5 trillion in 2007 to $2.5 trillion in 2014. As exports continue to grow, companies that make and sell packaging will have more opportunities to expand their businesses by 2025.
Bulk Container Packaging Market Report Attributes
| Report Attribute |
Details |
| Base Year |
2018 |
| Bulk Container Packaging Market Size in 2018 |
3.4 Billion (USD) |
| Forecast Period |
2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR |
10% |
| 2025 Value Projection |
6.9 Billion (USD) |
| Historical Data for |
2014 to 2018 |
| No. of Pages |
94 |
| Tables, Charts & Figures |
128 |
| Segments covered |
Product and Region |
| Growth Drivers |
- Superior flexitank characteristics as compared to other counterparts
- Increasing edible oil export from Southeast Asia
- Rising wine trade across the globe
|
| Pitfalls & Challenges |
- Fluctuating feedstock prices
|
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Bulk Container Packaging Market Analysis
Flexitank segment will witness highest gains over the forecast time period. These tanks are an alternative to ISO tank containers for shipping oils, wines, food grade liquids and nonhazardous chemicals across the globe. Traditionally, transporting and storing liquids has been expensive and complex. However, flexitank offers a more agile and cost effective approach for storing and transporting liquid and dry bulk products.
In 2018, flexible bulk containers were the most popular type of packaging for shipping large quantities of materials. These containers are incredibly strong, able to carry over a thousand times their own weight. They can also be made to suit specific needs, making them suitable for various applications. The demand for flexible bulk containers is largely driven by the need to transport construction materials, polymers, detergents, and non-hazardous chemicals in powder form. They come in a wide range of options, including conductive, anti-static, and flame-retardant bags, making them useful for a variety of packaging purposes. The growing manufacturing sector and the need for efficient transportation are expected to drive the growth of this industry significantly up to 2025. Additionally, flexible bulk containers can be easily recycled and reconditioned, increasing their appeal and demand worldwide.
Food & beverage accounted for more than 30% of the global industry size in 2018. Rapidly growing population mainly in Asia Pacific and the Middle East has significantly triggered food product demand at low cost. Increasing socio-economic factors and changing spending patterns in emerging economies has substantially propelled tea, coffee, wine and beer demand. These trends will in turn boost import/export activities in food industry to transport products without contamination, which will complement business growth by 2025.
Hold onto your hats, folks! The market for those big, burly containers used to ship chemicals is set to explode, growing over 10% every year until 2025. Why the sudden boom? People are going crazy for these things to move their half-made products, oils, building materials, and minerals. But that's not all. Chemical companies are flocking to Asia Pacific to set up shop, lured by the easy access to raw materials, friendly government policies, and cheaper operating costs. This means more chemicals being traded around the world to meet the growing demand. In 2017, China alone shipped a whopping USD 14 trillion worth of chemicals to North America and USD 39 trillion to East Asia and the Pacific. And this trend isn't slowing down anytime soon. All of this excitement is going to keep this industry growing stronger and stronger until 2025 and beyond.
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Hey there! Do you know that North America was the biggest player in the bulk container biz in 2018? In fact, they're expected to grow by a whopping 9.5% or more in the coming years. So, what's driving this growth? Well, it turns out that the US is a huge producer of crops like corn, soybeans, and other grains. And they're not just keeping all that food for themselves! A third of the farmlands in the US are dedicated to growing crops specifically for export. Plus, North America is known for its booming booze trade. They're exporting lots of beer and wine all over the world. Just check out the Wine Institute—they say the US shipped out $1.18 billion worth of wine to Hong Kong in 2018 alone. That's a 9% increase from the year before! All this activity means that businesses that make bulk containers are going to keep getting busier until at least 2025.
Asia Pacific will witness gains close to 11% over the forecast time period. Rising population primarily in China and India has substantially propelled the overall food & beverage business in the region. Furthermore, upgrading consumer lifestyles in Asia Pacific countries, due to increasing consumer disposable income has triggered demand for the fruit juices, wine, beer and coffee. In order to meet the growing demand for aforementioned food products in the region, the production and supply for food products are on rise, which will have positive influence on the industry growth over the forecast timeframe.
Bulk Container Packaging Market Share
The overall bulk container packaging market share was highly consolidated in 2018, with three producers accounting for over 50% of the overall share. Some of the key manufacturers are
- BLT Flexitank Industrial Co. Ltd
- Shandong Anthente New Materials Technology
- Braid Logistics
- KriCon
- Büscherhoff Spezialverpackung
- Environmental Packaging Technologies
- K Tank Supply Limited
- Qingdao LAF Packaging
- MY Flexitank (MYF)
- SIA Flexitanks
- Trust Flexitanks
- Qingdao LAF Packaging
- Trust Flexitanks.
Major product manufacturers including BLT Flexitanks have presence across multiple stages of the industry ecosystem. In addition, various product manufacturers are involved in introducing products with eco-friendly features to gain an edge over its competitors. For instance, SIA Flexitanks are manufactured from 100% virgin VLDPE polyethylene. Therefore, the used flexitank is distressed, cleaned and re-processed into pellets which can further be used to manufacture new items.
Industry Background
The Future of Bulk Liquid ShippingA Growth Story Get ready for a surge in the global liquid shipping industry! Exports of edible oil from Southeast Asia and the booming bulk wine trade are set to fuel growth by 2025. Flexitanks, those super-handy containers that hold liquids like magic, are also set to shine. They're more efficient and cheaper than their competitors, so they're sure to keep growing in popularity. But hold on, there's a catch. The price of crude oil is always jumping around, which could slow down the growth of liquid shipping. After all, the industry is tied to those oil prices. Speaking of growth, flexitanks are leading the pack. They're just way better than the other options out there. Now, let's talk regions. North America is the kingpin right now, thanks to all their food exports that go far and wide.
