Bulk Containers Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Bulk Container Packaging Market is Segmented by Type (Drums, Pails, Material Handling Containers, Rigid Intermediate Bulk Containers, Pallets, and Dunnage Air Bags), End-user Industry (Chemicals and Pharmaceuticals, Food and Beverages), and Geography (North America, Asia-Pacific, Europe, the Middle East and Africa, and South America). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Bulk Container Packaging Market Size

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Bulk Container Packaging Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 8.72 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Bulk Container Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Bulk Container Packaging Market Analysis

The bulk container packaging market is expected to grow at a CAGR of 8.72% over the forecast period. The sheer volume of resources and products being transported worldwide is a strong indicator of the importance of the global bulk container packaging market.

  • Globalization generates favorable circumstances by keeping manufacturing bases distant from the consumption regions. 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 transportation costs. The markets for bulk container packaging have continued to be dominated by the food and beverage and pharmaceutical sectors. According to estimates, the market for bulk container packaging will grow as more businesses and startups enter the food sector.
  • Additionally, bulk containers transport and store substantial quantities of liquid substrates, such as solvents and the most potent compounds. On the other hand, high-quality plastic-based bulk containers are very helpful for storing food and beverages because they guarantee the best possible freshness of consumable goods. It is anticipated that the industrial chemicals and food & beverage industries will jointly control a sizable portion of the global market during the projected period.
  • Companies are also involved in strategic initiatives to leverage the growing demand for the bulk container packaging market. For instance, Grief Inc., one of the companies in the bulk packaging space, announced its expansion in Texas through various investments in the drums and the IBC segments. However, minimizing the impact on the environment is impacting the overall packaging market. Reuse is a major trend in packaging because of the increased pressure to prolong the lifecycle of finite resources by reusing containers.
  • The gains from the worldwide bulk container packaging business declined dramatically between March 2020 and September 2021 due to the Covid-19 outbreak. The expansion of the food and beverage business has been negatively impacted by restrictions on dine-in restaurants and a halt in online food and beverage ordering activities, which has disrupted the supply chain process. Therefore, there is a noticeable impact on the demand for bulk container packaging among consumers of food and beverages.
  • A rise in international trade in pharmaceuticals and chemicals is being seen in the post-Covid era. Manufacturers emphasize sterile bulk container packing to ensure the safety of medications and other products while in transportation, which will increase demand for bulk container packaging on the international market. There has also been an impact of the Russia-Ukraine war on the overall packaging ecosystem.

Bulk Container Packaging Market Trends

This section covers the major market trends shaping the Bulk Container Packaging Market according to our research experts:

Demand for Plastic-based Packaging Solution is Expected to be a Significant Factor in Growth

  • Over the years, a trend that has taken hold of the industrial bulk packaging industry is the soaring demand for plastic-based packaging solutions such as pails and drums over any other solution produced from various materials like metal and glass. Utilizing plastic items from a production perspective aids in reaching economies of scale.
  • Additionally, using plastics as a raw material enables different manufacturing firms to achieve their standards for creating items with the best qualities, such as dependability, durability, and lightness.
  • Along with combustible, explosive, toxic, and hazardous things, dangerous commodities include radioactive substances. In light of this, the trafficking of these items has increased the demand for plastic drums for industrial uses, which has aided in the growth of the drums market.
  • The use of these plastic barrels aids producers in pleasing consumers by enabling them to select their most favored color from a wide range of choices, which in turn improves the marketing and advertisement alternatives for their goods. To produce bulk containers and ensure market sustainability over time, manufacturing businesses are anticipated to turn their attention toward biodegradable materials (plastics).
  • Additionally, consumers are more likely to use lightweight transportation containers. As a result, the demand for bulk containers made of plastic is rapidly rising worldwide. Nevertheless, several regulatory organizations have established guidelines for using plastic as a packaging material.
Bulk Container Packaging Market : Annual Production of Plastics Worldwide, In Million Metric Tons, 2017 to 2021

North America to Account for a Significant Share in the Market

  • The United States is one of the largest bulk container markets globally. The increasing expansion in the chemical industry, owing to the newfound shale resources, is expected to strengthen the demand for bulk containers in the region. Also, the country's immense exports from the chemical and pharmaceutical sector keep a constant demand for rigid bulk containers, such as drums and pails.
  • The country also has a well-established reconditioning infrastructure, boosting pooling networks. Moreover, governments in North America encourage using recycled plastic for manufacturing plastic products, including containers and bottles.
  • However, the industry is increasingly affected by the US-China trade wars. In recent times, increased tariff by the US government on Chinese chemical imports has escalated the import-export scenario of the country's chemical industry trade, directly impacting the demand for bulk containers from the industry.
  • The chemical sector makes substantial use of bulk container packing. The United States produces a lot of shale gas, which is then utilized as a feedstock to make other chemicals. Many investors are drawn to the chemicals business by the availability of low-cost feedstock worldwide. The bulk container packaging will work best for the unique packaging and transportation needs resulting from this, driving this market's growth prospects over the following years.
Bulk Container Packaging Market - Growth Rate By Region

Bulk Container Packaging Industry Overview

The major companies include Greif Inc., Bemis Company Inc., TechnipFMC, Braid Logistics, National Bulk Equipment, Signode Industrial Group, Mondi Group, and Bermis Company Inc., among others. The market is neither fragmented nor consolidated. Hence, the market concentration will be moderate.

In March 2022, to further solidify its position throughout the flexitank sector of liquid bulk logistics, SIA Flexitanks expanded its footprint in Africa. With offices in Cape Town and KwaZulu-Natal, SIA Flexitanks, the largest independent flexitank company in the world, formally announced the establishment of SIA Africa. SIA Africa will hold a strong position in the South African market. With this development, SIA is loading flexitanks in more than 70 nations worldwide, keeping with our international growth.

Bulk Container Packaging Market Leaders

  1. Berry Global Inc.

  2. Greif Inc.

  3. Mondi Group

  4. Braid Logistics

  5. SIA Flexitanks Ltd.

*Disclaimer: Major Players sorted in no particular order

Bulk Container Packaging Market  Concentation
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Bulk Container Packaging Market News

  • December 2022, Lee Container Corp. Inc., a producer of high-performance barriers and conventional blow-molded containers, was acquired by Greif, a global leader in industrial packaging products and services, for USD 300 million. Greif predicts that by integrating Lee Container's operations, it will be able to increase efficiency and performance by at least USD 6 million over the next two years. With a focus on growth-oriented clients in the agricultural, other specialized chemicals, oil & lubricant, and pet care markets in North America, Lee Container Corporation, Inc. is among the top makers of high-performance barrier and conventional blow-molded containers.
  • March 2022 - The Trinity Tank, a three-pod Reefer Flexitank system that enables shippers to load several bulk liquids in a single container, was introduced by SIA. One of the triple tanks holds 9,000 liters each and has a total maximum capacity of 27,000 liters. The product was now available to shippers in bulk liquid transportation.

Bulk Container Packaging Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Use of Flexitank, among Regional End-user Industries

      2. 4.2.2 Growing Export of Bulk Container Packed Products

    3. 4.3 Market Challenges

      1. 4.3.1 Growing Environmental Concerns over the Use of Plastic

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Industry Attractiveness - Porter Five Forces

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Drums

      2. 5.1.2 Pails

      3. 5.1.3 Material Handling Containers

      4. 5.1.4 Rigid Intermediate Bulk Containers

      5. 5.1.5 Pallets

      6. 5.1.6 Dunnage Air Bags

      7. 5.1.7 Other Types

    2. 5.2 By End-user Industry

      1. 5.2.1 Chemicals and Pharmaceuticals

      2. 5.2.2 Food and Beverages

      3. 5.2.3 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles*

      1. 6.1.1 Greif Inc.

      2. 6.1.2 SIA Flexitanks Ltd.

      3. 6.1.3 Trans Ocean Bulk Logistics Ltd.

      4. 6.1.4 SCHÜTZ GmbH & Co. KGaA

      5. 6.1.5 Braid Logistics

      6. 6.1.6 National Bulk Equipment, Inc.

      7. 6.1.7 Signode Industrial Group

      8. 6.1.8 Meyer Industries Limited

      9. 6.1.9 Mondi Group

      10. 6.1.10 Berry Global Inc.

  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Bulk Container Packaging Industry Segmentation

A bulk container is designed to store and transport bulk liquid and granulated substances, such as food ingredients, solvents, chemicals, and pharmaceuticals, among others, in large quantities. Bulk container packages are transported in a range of vehicles, from humongous cargo ships to even super-long monster truck trailers.

The Bulk Container Packaging Market is segmented by Type (Drums, Pails, Material Handling Containers, Rigid Intermediate Bulk Containers, Pallets, and Dunnage Air Bags), End-user Industry (Chemicals and Pharmaceuticals, and Food and Beverages), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Type
Drums
Pails
Material Handling Containers
Rigid Intermediate Bulk Containers
Pallets
Dunnage Air Bags
Other Types
By End-user Industry
Chemicals and Pharmaceuticals
Food and Beverages
Other End-user Industries
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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Bulk Container Packaging Market Research FAQs

The Bulk Container Packaging Market is projected to register a CAGR of 8.72% during the forecast period (2024-2029)

Berry Global Inc., Greif Inc., Mondi Group, Braid Logistics and SIA Flexitanks Ltd. are the major companies operating in the Bulk Container Packaging Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Bulk Container Packaging Market.

The report covers the Bulk Container Packaging Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Bulk Container Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Bulk Container Packaging Industry Report

Statistics for the 2024 Bulk Container Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bulk Container Packaging analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Bulk Containers Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)