Global Industrial Bulk Packaging Market, By Product (Drums, IBC, Pails, Totes/ Cracks, Others), Application (Chemicals and Petrochemicals, Food and Beverages, Pharmaceuticals, Others), Material (Plastic, Steel, Fiber/Paperboard, Other), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Industrial Bulk Packaging Market
Industrial bulk packaging market will reach an estimated valuation of USD 30.77 million by 2028, while registering this growth at a rate of 3.80% for the forecast period of 2021 to 2028. Industrial bulk packaging market report analyses the growth, which is currently being growing due to the rising demand from the pharmaceutical industry.
Using intermediate bulk containers such as the IBC tank, pallet tank, and IBC tote, industrial bulk packaging is carried out. In addition, intermediate bulk containers are re-usable and can accommodate an enormous mass. In addition to this, intermediate bulk containers are used both for shipping several goods and for storing liquid.
Surging levels of investment for the development of advanced infrastructure as well as growth of the manufacturing sector, escalating demand for plastic-based packaging products such as pails and drums over metal-based products, rising use of plastics as raw materials helps meet the requirements of most industries owing to their favourable properties including lightweight, reliability, and durability, increasing the consumption of plastic drums for industrial packaging applications are some of the major as well as vital factors which will likely to augment the growth of the industrial bulk packaging market in the projected timeframe of 2021-2028. On the other hand, increasing adoption of biodegradable materials (plastics) to manufacture industrial bulk packaging products along with rising popularity of flexible intermediate bulk containers (IBCs) which will further contribute by generating massive opportunities that will lead to the growth of the industrial bulk packaging market in the above mentioned projected timeframe.
Volatility in the prices of raw material along with rising number of complications in supply chain activities which will likely to act as market restraints factor for the growth of the industrial bulk packaging in the above mentioned projected timeframe.
This industrial bulk packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on industrial bulk packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Industrial Bulk Packaging Market Scope and Market Size
Industrial bulk packaging market is segmented on the basis of product, material and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the industrial bulk packaging market is segmented into drums, IBC, pails, totes/ cracks, and others. Drums segment will hold the largest share in the growth of the market due to the rising usages of product in packaging and transportation of liquids and other products in large quantities.
- Based on material, the industrial bulk packaging market is segmented into plastic, steel, fiber/paperboard, and other.
- Industrial bulk packaging market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for industrial bulk packaging market includes chemicals and petrochemicals, food and beverages, pharmaceuticals, and others. Chemicals and petrochemicals segment will hold the largest share in the growth of the market due to the rising usages of drums and IBCs in the industry and these are ideal for transportation and storage of hazardous chemicals.
Industrial Bulk Packaging Market Country Level Analysis
Industrial bulk packaging market is analysed and market size, volume information is provided by country, product, material and application as referenced above.
The countries covered in the industrial bulk packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the industrial bulk packaging market due to the surging levels of investment for the growth of the industrial sector along with entry of small and medium sized industries owing to various factors such as the availability of cheap land and labour in the region. Europe region is expected to hold the largest growth rate due to the increasing growth of the pharmaceutical industry along with prevalence of geriatric population which offer various opportunities for the growth of the market by increasing consumption of pharmaceutical products.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Bulk Packaging Market Share Analysis
Industrial bulk packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to industrial bulk packaging market.
The major players covered in the industrial bulk packaging market report are Greif; Cleveland Steel Container; Composite Containers, LLC; Hoover Ferguson Group, Inc.; International Paper; BWAY Corporation; Myers Container; Time Technoplast Ltd.; Peninsula Drums; Eagle Manufacturing; Menasha Corporation; Berry Global Inc.; Amcor plc; Mondi; WestRock Company.; Schütz GmbH & Co. KGaA.; The Cary Company.; TPL Plastech Limited; DS Smith; Snyder Industries; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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