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Press Release

Global Demand for Bulk Container Packaging Market Growing at a CAGR of 9.5% from 2017 to 2025

Published On : Feb 2019

The global demand for bulk container packaging market was valued at USD 3,200.0 million in 2016 and is anticipated to reach USD 6,500.0 million in 2025, growing at a CAGR of 9.5% from 2017 to 2025. Rising exports of oil & fats from Southeast Asia and growing bulk wine trade globally is anticipated to boost global bulk container packaging market. Moreover, higher performance levels in terms of cost and operations of flexitanks than other substitute products available in the market is further driving the market. Flexitanks, FIBC and bulk container liners are generally manufactured using polyethylene or polypropylene. These are petroleum derivatives; hence, volatility in prices of these resins is projected to hamper market growth in the next few years. However, rising commodity trade in BRICS countries is likely to create immense opportunities for the players in the market.

 

The global bulk container packaging market was dominated by North America due to high demand for FIBC and bulk container liners as the U.S. major exporter of corn and wheat. North America accounted for 32% of the global bulk container packaging market in 2017. Market share of the region is expected to reach 30.76% by 2025. Europe held second largest share of the market in 2017. FIBC emerged as the largest product segment of the global bulk container packaging, accounting for 56% share in 2017. Flexitanks accounted for a smaller share in the global bulk container packaging market in 2017; however, flexitanks is estimated to be the fastest growing product segment during the forecast period.

 

Chemicals application dominated the global bulk packaging market, accounting for 50% share in 2017. Market share of this segment is projected to decline slightly during the forecast period. Food & beverages is likely to be the fastest growing segment from 2018 to 2025.

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