Global bulk container packaging market to reach USD5035.00 mill by 2022

Global bulk container packaging market to reach USD5035.00 mill by 2022

A new report entitled “Bulk Container Packaging Market for Food & Beverages, Chemicals, Pharmaceuticals and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2022” has been published by Zion Research. According to the report, global demand for bulk container packaging market was valued at USD 2427.00 Million in 2014, and is expected to generate revenue of USD 5035.00 million by end of 2022, growing at a Compound Annual Growth Rate (CAGR) of slightly above 9.5% between 2015 and 2022.

The report defines bulk container packaging as a “reusable industrial container used for the transport and storage of chemicals, food and beverages, solvents, pharmaceuticals and others”. Bulk containers, for the report, include flexitanks, flexible intermediate bulk containers (FIBCs) and bulk container liners products.

Various application segments of bulk container packaging market include food & beverages, chemicals, pharmaceuticals and others. In terms of revenue, the chemicals industry was the leading segment in the bulk container packaging market, accounting for over 47% market share of total market in 2014. The food & beverages was second largest segment of bulk container packaging in 2014. Pharmaceutical growth has slowed down.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. North America acquired the majority of share bulk container packaging market in 2014 and accounted for over 28% of the overall market. North America followed by Europe and Asia Pacific in terms of demand for bulk container packaging. In terms of revenue, Asia Pacific was predicted to be the fastest growing region in the forecast period. Europe is expected to grow at a moderate rate owing to the changing global chemical exports development.

Some of the key players in bulk container packaging market include B.A.G Corp, Jumbo Bag Corporation, United Bags,Inc., Intertape Polymer Group, Boxon Group, AmeriGlobe LLC, Codefine, Bulk Handling Australia (BHA), Filling & Packing Materials Manufacturing Co.(FIPCO), Syn-Tex Bag, Flexituff International, Big Bags International Private Limited.

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