An Incisive, In-depth Analysis on the Bulk Container Packaging Market
This study offers a comprehensive, 360 degree analysis on the Bulk Container Packaging market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Bulk Container Packaging market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Global sales of bulk container packaging is estimated to be valued at US$ 13.6 Bn in 2017 and is projected to be valued at US$ 28.7 Bn by 2027. Sales revenue is projected to register a CAGR of 7.8% during the forecast period (2017–2027).
Increase in trade activities and the use of bulk containers for transportation in North America
North America off late has been witnessing a steep rise in demand of its food and chemical produce. One third of the agricultural land in the U.S. is meant particularly for exports, which drives the need for 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 driving the need for bulk containers is their minimum contamination issue as the IBCs are made using the blow moulding process that minimises the need for drilling and hence reduces chances of contamination.
Containerisation has led to significant low costs for the shipping industry
Bulk container packaging has made it possible for the shipping industry to transport products without being heavy on their pockets. Earlier, a crew of 1000 people was required for 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 have also helped them achieve significant profitability.
Market and political uncertainty is hampering the growth of the bulk container packaging market
The shipping industry is rattled by volatility of 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, Britain’s exit from the European Union has led to a 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.
Global Bulk Container Packaging Market, by Region
North America is estimated to account for 29.7% of the global bulk container packaging market in 2017 and is estimated to reach 30.8% of the global bulk container packaging market by the end of 2027, increasing by 110 basis points. The Western Europe region accounts for a significant share of the bulk container packaging market currently. However, this is expected to decline marginally by 80 basis points by the end of 2027.
Benefits from containerisation and demand from the chemicals industry is boosting the global bulk container packaging market
The bulk container packaging market has grown significantly over the past few years due to increasing logistics facilities across various regions. Containerisation has led to significant low costs for the shipping industry which is particularly noticeable in regions such as North America and Europe. The bulk container packaging market is also gaining substantial footprint in the APEJ region where bulk bags are extensively used for agriculture produce transportation. With a surging demand from the industrial chemicals industry, growth in demand for bulk containers such as flexitanks is set to increase over the forecast period. Among the material types, polypropylene and HDPE plastic material is expected to remain the prime choice of manufacturers due to the material flexibility and high impact resistance. One of the main highlights of the bulk container packaging market is the increasing use of bulk containers for dry bulk shipping of automobile and machinery parts.
The bulk container packaging market is witnessing impressive growth with the widening range of applications of bulk containers in various industrial areas. The global demand for flexible intermediate bulk container packaging solutions is growing at a rapid pace, especially in the shipping industry. Market players are focusing on introducing customised or tailor-made bulk container packaging solutions to suit the specific requirements in various industrial applications. In the coming years, the increasing trend of containerisation in chemicals, cosmetics, and many more industrial landscapes is expected to trigger demand for flexible intermediate bulk containers. Consequently, leading players in the bulk container packaging market are increasing focus on adopting manufacturing strategies to meet the industry-leading standards of their products and boost their sales across different end-use industries.
Future Market Insights presents a comprehensive and insightful report on the bulk container packaging market titled ‘Bulk Container Packaging Market: Global Industry Analysis and Opportunity Assessment 2017 - 2027’. The report begins with an elaborate executive summary which has the important market numbers related to the global bulk container packaging market such as the market values for the year 2017 and 2027 and the most attractive segments and regions in this market. The executive summary also gives a concise list of drivers and restraints operating in the global bulk container packaging market which are dealt in detail in another exclusive section of this report. The executive summary also has a list of prominent players in the global bulk container packaging market. In the executive summary, there is also a concise and yet informative Future Market Insights analysis of the target product type, target end-use segment, target material and target region in the global bulk container packaging market. At the end of the executive summary, the global bulk container packaging market share by region, by end use, by material type and by product type for the year 2017 are given. The market introduction and taxonomy follow next.
After the market taxonomy, there is a section of the report devoted to the global industry overview of the parent market of packaging. After this section, an overview of the films market is also given. A section of the report is devoted to the product overview of flexitanks, bag in box containers, intermediate bulk containers and flexible intermediate bulk containers. Thereafter, bulk container packaging market value chain analysis is given. Another section features Porter’s Five Forces analysis that focusses on the level of competition in the bulk container packaging market. It analyses the bargaining power of buyers, bargaining power of suppliers, degree of competition, threat of new entrants and threat from substitutes. In another section of the report, trade flow across the globe is stated and trends of the bulk container packaging market are given. Subsequent sections of the report highlight the regional market analysis and forecast (2017-2027) of the bulk container packaging market. These sections contain detailed subsections on the market dynamics of the bulk container packaging market with exhaustive explanation about the regional drivers, restraints and trends applicable in the bulk container packaging market. This is an important section of the report as it contains a detailed explanation about the factors that encourage the growth of this market as well as the factors that hamper the growth of this market. Besides this, weightage of impact of the forecast factors is also given in this subsection. The regional subsections of this report contain important market information in the form of bulk container packaging market size (US$ Mn) forecast by country, by product type, material type and by end use. Market attractiveness index for each of the segments as presented in the market taxonomy is also given.
An entire section of the report is devoted to the competition landscape of the global bulk container packaging market. This competition landscape gives a dashboard view of the key companies operating in the global bulk container packaging market along with their important information and broad strategy adopted to stay as leaders in the global bulk container packaging market. Each of the leading companies is also profiled individually and important information about the company such as company details, company description, product portfolio along with key developments concerning the company and strategic analysis is presented. A SWOT analysis of each leading market player is also presented which gives detailed information about the strengths, weakness, opportunities and threats that the company is dealing with. The competition landscape is the most important section of the report as it imparts a deep understanding of the leading companies operating in the global bulk container packaging market and is valuable for new entrants in the field to get a learning about how the companies are leading this lucrative market and also for established market players in order to get a better understanding about their competitors.
Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the bulk container packaging market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global bulk container packaging market.