Rockville, MD -- (SBWire) -- 05/10/2018 --The global market discussion on laminated bulk bins can be found in an upcoming report titled "Laminated Bulk Bins Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028", which is going to be published in the wide database of Fact.MR.
Bulk packaging has made it possible for the shipping industry to transport the products without being heavy on their pockets. Earlier, a crew of 1000 people was required for the shipping purposes but with the advent of bulk containers, a maximum of 21 crew members are enough. This has significantly reduced the shipping costs and in turn has created revenue opportunities for the end use industries. Bulk containers have generated a great level of productivity for the shipping industry and has also helped them achieve subtle profitability.
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Along with this, the containers used in the intermodal transportation earlier posed problem for the crew during the loading and unloading process which lead to delays as well as increment in the costs. Laminated bulk bins on the other hand are easy to be handled which makes them to be used extensively for intermodal transportation purpose. Intermodal transportation demands bulk containers that reduce the time during the transportation mode change and are cost effective too, so that extra charges are avoided. This ultimately propels the demand of the global laminated bulk bins market.
Global Laminated Bulk Bins Market: Segmentation
The global Laminated Bulk Bins market is segmented on the basis of material type, end use, and geography.
On the basis of material type, the global laminated bulk bins market is segmented into
- Paper
- Corrugated Paper
- Kraft Paper
- Plastics
Paper segment is expected to lead the global laminated bulk bins market in terms of material type. The high adoption ratio of paper based laminated bulk bins is also attributed to their recyclability as compared to the plastic based laminated bulk bins.
On the basis of end use, the global laminated bulk bins market is segmented into
- Food & Beverages
- Electronics & Electricals
- Pharmaceuticals
Food & beverages end user is expected to account for the largest market share in the global laminated bulk bins market. The growth can be attributed to high demand for the fresh produce bulk transportation for exports and imports.
On the basis of region, the global laminated bulk bins market is segmented into
- North America
- Latin America
- Middle East & Africa
- Europe
- Asia Pacific
North America is expected to lead the global laminated bulk bins market. The region off late has been witnessing a steep rise in the demand of its food and chemical applications. One third of the agricultural land in the U.S. is meant particularly for exports which drives the need of bulk packaging. Laminated bulk bins offer several advantages such as reusability and cost efficiency, leading to their wide applicability across the various end users.
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Among the European countries, Germany alone has a share of nine percent in total world's merchandise exports which is even larger than the export percentage of the U.S. It has not only supported its home states, it has also helped in improving the economy of its Eastern European countries. Germany recorded exports worth 118,248 million euros in the month of January'2017 which is self-explanatory of the strong position of Germany all over the globe. This increased demand for exports is further driving the growth of the laminated bulk bins market in the European region.
MEA laminated bulk bins market is expected to expand at a slow pace. Due to the predominance of the oil sector in the Middle East & Africa region, the diversification of economy in the region is considerably low. Excluding the oil and the other government sectors, the GDP per capita is very low in most of the MEA countries. Moreover, the oil producing countries are facing significant drops in their oil prices and consequently, their revenues are dropping.
High dependency on the oil industry for the procurement of bulk containers is a restraining factor for the MEA countries and is resulting in a challenge for the laminated bulk bins market to grow in the Middle East & Africa region.
Global Laminated Bulk Bins Market: Tier Analysis
Key players under the Tier 1 category having a market share between 3%-5% are International Paper Company and WestRock Company. Players in the Tier 2 category have a market share between 1-3%, this category includes J Hill Container Company, Inc. and Bulk Handling Australia. Other players in the Tier 3 category are Elsons International etc.
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Laminated Bulk Bins Market Forecast, Trend Analysis & Competition Assessment Till 2028