Shipment of goods is a major concern amongst the transportation companies while shipping temperature-sensitive products. The temperature fluctuations can damage the shipped goods thus resulting in monetary losses for the investors. Bulk insulated containers have application in various industries such as pharmaceutical, food & beverages, chemicals, automotive and consumer goods.
The industries of whose goods are sensitive for too high or too low temperature require a bulk insulated container. Compared to the other packaging formats such as corrugated boxes which do not prevent the goods from thermal fluctuations and water, the bulk insulated container is a more effective packaging format and is likely to increase the growth of bulk insulated container market.
The primary usage of bulk insulated containers is for protection. The ability of bulk insulated containers to carry large quantum of goods and material handling makes it an economical alternative for the manufacturers to ship their goods, thereby increasing the demand for the growth of bulk insulated container market in the forecasted period of 2019-2029.
The global demand and trade across borders might push the demand for bulk insulated containers in the developed and developing regions due to their consumption, e-commerce is one of the key contributors to the rise in demand. Additionally, the bulk insulated containers are reusable which makes it a sustainable alternative for shipping of goods in bulk, this turns out to be cost-effective without compromising on the safety of the goods.
This is expected to augment the demand for bulk insulated container market.
Recent developments in the bulk insulated container market have been the usage of bio plastics to manufacture the containers which are a sustainable move and would have a positive impact on the bulk insulated container market.
Growing industrialization and improved income level had led to a change in customer preferences. This had led to triggered demand for packaged food, healthcare, chemicals and consumer goods which is anticipated to grow the bulk insulated container market.
Furthermore, increased focus on compliance and regulatory norms for storage and shipping regulations of food and pharmaceutical products might lead to hiked demand for bulk insulated container market for the years to come.
North America and Europe region are likely to have a steady growth for bulk insulated container market since the markets of this region are saturated.
Asia-Pacific region owing to its consumption and consumer preferences is likely to develop resulting in increased demand for bulk insulated containers market. The demand for food & beverage industry and improved health care might lead to export and import which is anticipated to grow the demand for bulk insulated container market.
The key players in the bulk insulated containers market are,
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on cement packaging market segments and geographies.
The bulk insulated containers market is segmented by end-use, capacity and material type.
By End use industry, the bulk insulated containers market has been segmented as
By capacity, the bulk insulated containers market has been segmented as
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