Global Bulk Container Packaging Market Set for Rapid Growth, to Reach around USD 5035.00 million by 2022
Deerfield Beach, FL -- (SBWIRE) -- 05/01/2017 -- 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 CAGR of slightly above 9.5% between 2015 and 2022.
Zion Market Research has published a new report titled "Bulk Container Packaging (Flexitanks, FIBC and Bulk Container Liners) Market for Food & Beverages, Chemicals, Pharmaceuticals and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2022."
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Bulk container is a reusable industrial container used for the transport and storage of chemicals, food and beverages, solvents, pharmaceuticals and others. Bulk container includes flexitanks, flexible intermediate bulk containers (FIBC) and bulk container liners products. These products are mainly used for bulk container packaging. Flexible intermediate bulk containers, made of woven polyethylene or polypropylene bags, are used for transporting dry, flowable products, such as plastic granules fertilizer, and sand.
The bulk container packaging market is mainly driven by high operational performance and cost efficiency offered by flexitanks. Rising exports of wine from Europe and vegetable oil from Southeast Asia is expected to fuel the bulk container packaging market in the near future. However, volatility in prices of polypropylene and polyethylene may pose challenge to the market growth in the near future. Moreover, the rising commodity trade in BRICS nations is projected to open new growth opportunities for bulk container packaging in the years to come.
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The bulk container packaging market is segmented on the basis of different products including flexitanks, flexible intermediate bulk containers (FIBC) and bulk container liners. In 2014, FIBC product was the largest segment in term of revenue. This segment is expected to continue its dominance in global market throughout the forecast period. A bulk container liner was another key outlet for bulk container packaging market, which accounted for around 32% share of overall market in 2014.
Various application segments of bulk container packaging market include food & beverages, chemicals, pharmaceuticals and other. In terms of revenue, chemicals was leading segment in bulk container packaging market and it accounted for over 47% market share of total market in 2014. The food & beverages was second largest segment of bulk container packaging in 2014. Pharmaceutical is expected to witness grow at sluggish rate in the near future.
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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.
Browse the full report at http://www.marketresearchstore.com/report/bulk-container-packaging-market-z52698