Global Bulk Container Packaging Market to Grow $5035.00 million, Globally by 2022: Analysis of Key Players
Deerfield Beach, FL -- (SBWIRE) -- 09/14/2017 -- 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." 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.
The report covers forecast and analysis for the bulk container packaging market on a global and regional level. The study provides historic data of 2014 along with a forecast for 2015 to 2022 based revenue (USD Million). The study includes drivers and restraints for the bulk container packaging market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the bulk container packaging market on a global level.
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High operational performance and cost efficiency offered by flexitanks are expected to be the major drivers for the global bulk container packaging market. Rising exports of wine from Europe and vegetable oil from Southeast Asia is expected to support the bulk container packaging market growth in the near future. Vegetable oil exporters prefer flexitanks over other bulk packaging products such as tank, drums, and barrels containers, owing to higher operational efficiency and low cost. However, volatility in prices of polypropylene and polyethylene may curb the demand for bulk container packaging within the forecast period. Nonetheless, the rising commodity trade in BRICS nations is expected open new avenues for the market growth over the next few years.
Based on product segments, bulk container packaging market has been segmented into flexitanks, flexible intermediate bulk containers (FIBC) and bulk container liners. In 2014, FIBC was the major segment of in the global bulk container packaging market in terms of revenue and is expected to continue its dominance in the global market over the forecast period. The bulk container liners product segment was a second largest segment of bulk container packaging and constituted 32% share of the global demand in 2014. Further, it is expected to grow at a moderate rate in the forecast period. Conversely, the flexitanks product segment held a smaller share of the global bulk container packaging market in 2014. However, flexitanks are expected to exhibit the fastest growth, due to their higher operational performance.
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Different application segments of the bulk container packaging market include food & beverages, chemicals, pharmaceuticals and other. Chemicals dominated the bulk container packaging market in 2014, which accounted for 47% market share of the total market. It is expected to grow at a significant rate during the forecast period. In 2014, the food & beverages were a second largest segment of bulk container packaging. Pharmaceutical is expected to grow at a sluggish rate in the years to come.
Demand for bulk container packaging was the highest in North America, accounting for around 28% of the market share in 2014. North America followed by Europe and Asia Pacific in terms of demand for bulk container packaging. In terms of revenue, Asia Pacific was 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. The Middle East and Africa and Latin America are projected to grow at a moderate rate, due to increasing demand for bulk chemicals and food products.
Browse the full report at: http://www.marketresearchstore.com/report/bulk-container-packaging-market-z52698
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 and Big Bags International Private Limited.
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