Industrial Bulk Packaging Market Size, Share, Growth 2021 to 2027, Forecast by Manufacturers, Regions, Global Type and Application

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Industry Trends

The industrial bulk packaging market is expected to reach at USD 24.67 billion at a CAGR of 4% during the forecast period. Industrial bulk packaging products are increasingly being utilized in the pharmaceutical industry owing to their enhanced material storage capacity. The growth of the pharmaceutical industry has been driving the demand for bulk packaging products around the world. Drums, pails, and IBCs are among the most widely used packaging products in the pharmaceutical industry.

Escalating demand for plastic-based packaging products like pails and drums over metal-based products may be a trend that has gripped the economic bulk packaging market over the years. From a producing standpoint, the utilization of plastic-based materials helps achieve economies of scale. Furthermore, the utilization of plastics as raw materials helps meet the wants of most industries due to their favourable properties including lightweight, reliability, and steadiness.
The global industrial packaging market is predicted to witness a moderate decrease in its rate of growth in 2020-2021, because the bulk packaging for chemicals, agriculture, construction amongst other applications, will witness a significant decline in its demand. However, there will be an increase in the demand for industrial packaging solutions for food & beverage and pharmaceutical applications, during COVID-19.

The demand for industrial packaging within the pharmaceutical industry, is predicted to stay robust as hospitals, drugs, and PPE manufacturers are responding to the crisis. The demand for household essentials, healthcare, and medical goods isn't expected to decrease dramatically, and retail distribution for these sorts of products through online delivery are often expected to extend. This successively, boosts the demand for industrial packaging solutions for the timely delivery of raw materials and finished goods to their respective end users.

The main key driver for the global industrial bulk packaging market is increase in demand for industrial packaging by chemical and construction industry. Industrial packaging companies cater to various end-use industries, such as building & construction and chemical. The growing trade among countries and the safe transportation of products lead to an increased demand for effective industrial packaging from these industries. The rise in demand from the chemicals and petroleum industries may be a major growth driver of the economic packaging market.

Owing to an increase in the cost of raw material, vendors increase the price of their products or reduce their profit margins which is expected to have an adverse effect on market growth. However, there is an increasing demand from APAC region due to growing population and rise in currency rates. Grain mill products and vegetables will drive the food industry in industrial packaging in APAC during the forecast period. the expansion within the sectors in the emerging economies will cause considerable demand for packaging sacks.

Major market players in this sector are Greif Inc. (US), Amcor (Australia), Berry Global Inc. (US), Mondi (South Africa), Sonoco (US), International Paper (US), Orora Limited (Australia), and Sigma Plastics Group (US), among many others.
The market is segmented on the basis of product type (Drums, IBCs, sacks, Crates, Pails, Corrugated boxes, Others (includes pallets, wrap films, wrapping strips, and flexible packaging materials); by material (Plastic, Wood, Metal, Paperboard); by application (Food & beverage, Automotive, Pharmaceutical, Chemical, Oil & Lubricant, Building & Construction, Others (includes rubber & plastic, agricultural, and metal fabrication); by geography.

Industrial Bulk Packaging Market
By product type:
Drums
IBCs
Sacks
Crates
Pails
Corrugated boxes
Others (includes pallets, wrap films, wrapping strips, and flexible packaging materials)

By material:
Plastic
Wood
Metal
Paperboard

By Application:
Food & beverage
Automotive
Pharmaceutical
Chemical
Oil & Lubricant
Building & Construction
Others (includes rubber & plastic, agricultural, and metal fabrication)

By Geography:
North America
- The U.S
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa

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Table of Content

Chapter One: Executive Summary

Chapter Two: Market Introduction

Chapter Three: Research Methodology

Chapter Four: Market Dynamics

Chapter Five: Global Industrial Bulk Packaging Market, By Type

Chapter Six: Global Industrial Bulk Packaging Market, By Revenue Source

Chapter Seven: Global Industrial Bulk Packaging Market, By Application

Chapter Eight: Global Industrial Bulk Packaging Market, By Region

Chapter Nine: Competitive Landscape

Chapter Ten: Company Profiles

Chapter Eleven: Appendix

continued…

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