DUBLIN--(BUSINESS WIRE)--The "Global Bulk Container Packaging Market - Segmented by Type, Industry Verticals and Region - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global bulk container packaging market was valued at USD 3.03 billion in 2017, and is expected to reach a value of USD 5.31 billion by 2023 at a CAGR of 9.81%, over the forecast period 2018-2023.
The sheer volume of resources and products being transported across the world is a strong indicator of how important the global bulk container packaging market is. Bulk container packages are transported in a range of vehicles, from humongous cargo ships to even super long monster truck trailers.
Transportation costs are considered the largest part of the total cost, hence there is a rising requirement for more innovative and cost-effective bulk container packaging solutions, to reduce the transportation costs on the whole. Flexible bulk packaging is expected to register a rapid growth than rigid bulk packaging. Improvements in flexible bulk packaging are generally led by film wrap and flexible intermediate bulk containers.
The increased demand in the oil and petroleum industry across the world is a major driver of the global bulk container packaging market. Bulk containers, being reusable and very durable, have a high operational value and incredible cost-efficiency. This, along with the increased trade in the global wine and beverages industry, is driving the global market.
Asia-Pacific is expected to have the highest growth rate during the forecast period. Although China is a major producer of FIBCs, much of the output has been designated for export markets. Strong gains in manufacturing activity, personal income levels, and consumer expenditures, combined with continued urbanization of the population, will continue to boost the demand for packaged goods in China.
- Braid Logistics
- Transocean Bulk Logistics
- BLT Flexitank Industrial Co. Ltd
- Bag Corp.
- Jumbo Bag Corporation
- Boxon USA
- C.L. Smith Co.
- Cincinnati Container Co.
- Container Handling Systems Corporation
- Export Corporation
- FMC Technologies Inc.
- HBD Thermoid Inc.
- Meyer Industries Limited
- National Bulk Equipment Inc.
- New Century Packaging Systems LLC.
Key Topics Covered:
- Research Approach and Methodology
- Executive Summary
- Market Dynamics
- Technology Snapshot
- Global Bulk Container Packaging Segmentation
- Vendor Market Share Analysis
- Competitive Intelligence - Company Profiles
- Investment Analysis
- Future of the Global Bulk Container Packaging Market
For more information about this report, visit https://www.researchandmarkets.com/research/ppnbhw/global_bulk?w=4.