Industrial Bulk Packaging Market Share

Global Industrial Bulk Packaging Market Overview

Industrial Bulk Packaging Market Size was valued at USD 60.3 Billion in 2022. The industrial bulk packaging industry is projected to grow from USD 63.13 Billion in 2023 to USD 91.166 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.70% during the forecast period (2023 - 2032). One of the main market drivers of its revenue growth is the acceleration of industrialization and globalization, which has boosted cross-border trade.Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Industrial Bulk Packaging Market Trends

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  Rise in food product demand around the world is driving the market growth

  
  

The market for industrial bulk packaging is anticipated to grow as a result of a rise in food product demand around the world. Due to changes in consumer preferences, governmental policies, and food storage, there is an increase in the demand for packaged goods. The increased food safety concern caused by the outbreak has led to many people favoring packaged food over unpackaged food. Packaging materials serve a critical role in supporting the food business by guaranteeing the secure handling and storage of food products. A few weeks before the holiday season, packaged food sales climbed by 95% year over year, according to Bizom data, an Indian company that provides retail analytics. This spike was caused by rising out-of-home consumption and ready-to-eat products. Therefore, the expansion of the industrial bulk packaging market will be fueled by an increase in demand for food goods.

The industrial bulk packaging industry is primarily being driven by the surge in demand from the chemical and petroleum sectors. Bulk packaging and crates/totes are in more demand due to increased output across numerous industries and trading of goods like chemicals and petroleum products. Building & construction and chemical industries are only two examples of the end-use industries that industrial bulk packaging companies serve. Effective industrial bulk packaging is more in demand from various industries as a result of expanding international trade and the secure transit of goods.

In the industrial bulk packaging market, technological progress is a major trend that is becoming more popular. In order to provide better packaging solutions, businesses are using artificial intelligence to help with computer and algorithm use. Al is utilized in a number of purposes, including product recycling, data marking, and inspection. To increase the efficiency and environmental responsibility of shipments, DHL Supply Chain launched a new on-demand packaging option to its corporate clients in April 2022. The Al-powered OptiCarton technology will help with the optimization of box filling from a predefined set of cartons and may even suggest splitting orders into numerous consignments to reduce the cost or carbon footprint of individual shipments. Thus, driving the industrial bulk packaging market revenue.

CDF Corporation has just introduced a new manufacturing line for Form-Fit intermediate bulk container (IBC) liners in October 2023. The production line will be located in the advanced facility of J Natzan Kunststoffverarbeitung GmbH & Co KG in Lienen, Germany. Natzan, renowned for its meticulousness in plastic packaging and specialized heat-sealing solutions, will join forces with CDF in this endeavor. The agreement highlights the dedication of both firms to providing innovative solutions in the field of flexible packaging. The collaboration between CDF and Natzan spans six years, demonstrating their mutual commitment to customizing packaging solutions to satisfy the specific requirements of the sector. The effort is scheduled to be fully operational by the end of 2023, signifying CDF's second European expansion following the integration of Quadpak AB into its alliance in 2013. The Lienen factory will focus on manufacturing multi-ply Form-Fit and pillow-style liners specifically for the Intermediate Bulk Container (IBC) sector. These liners typically serve makers of liquid to extremely viscous products, providing environmentally conscious and cost-efficient bulk packaging options that range from 220 to 1500 liters.

Industrial Bulk Packaging Market Segment Insights

Industrial Bulk Packaging Application Insights

The industrial bulk packaging market segmentation, based on application includes Chemical & Pharmaceutical, Building & Construction, Food & Beverage, Oil & Lubricant, Agriculture & Horticulture and Others. The food & beverage segment dominated the market. A rise in the market for industrial bulk packaging solutions can be attributed to the fear of lockdowns, which has increased sales of FMCG, fresh food, and everyday necessities through e-commerce and online platforms. Industrial bulk packaging is required in order to adhere to food safety laws.

Industrial Bulk Packaging Technology Insights

The industrial bulk packaging market segmentation, based on technology, includes Flexible Bulk Containers, Rigid Bulk Containers, Flex Tanks and Bulk Container Liners. The rigid bulk container category generated the most income. Rigid bulk containers make up a substantial portion of the industrial bulk packaging for bulk goods sector. These containers are designed to transport and store huge quantities of goods in a safe, efficient manner. To serve different industries and applications, they are frequently available in a variety of sizes and styles. Usually, strong materials like plastic, metal, or wood are used to construct them.

Figure 1: Industrial Bulk Packaging Market, by Technology, 2022 & 2032 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Industrial Bulk Packaging Industry Vertical Insights

The industrial bulk packaging market segmentation, based on industry vertical, includes Chemical & Petrochemical, Oil & Gas, Energy & Power, Automotive, Food & Beverage, Healthcare and Others. The chemical & petrochemical category generated the most income. Due to the increasing use of industrial plastics like polyethene and polypropylene in this application, the market is predicted to develop significantly. Additionally, a rise in the demand for specialty chemicals utilized in a variety of sectors, including as oil & gas, pharmaceuticals, the automotive industry, and construction, will fuel industry expansion over the projection period.

Industrial Bulk Packaging Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American industrial bulk packaging market area will dominate this market. The growth in the chemical and pharmaceutical industries' demand is a factor in the expansion. The region's tight rules controlling the safe transportation and storage of hazardous items are another factor driving the demand for industrial bulk packaging in the area. In addition, as demand for eco-friendly packaging solutions rises, the market in North America is growing.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: INDUSTRIAL BULK PACKAGING MARKET SHARE BY REGION 2022 (USD Billion) Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe industrial bulk packaging market accounts for the second-largest market share. The region's growth is being driven by an increase in packaged goods demand from the food and beverage sectors. The region's expanding inclination toward packaged food and drink products is what's driving the market for industrial bulk packaging. Additionally, due to the growing need for environmentally friendly and sustainable packaging choices, the market in Europe is growing. Further, the German industrial bulk packaging market held the largest market share, and the UK industrial bulk packaging market was the fastest growing market in the European region

The Asia-Pacific Industrial Bulk Packaging Market is expected to grow at the fastest CAGR from 2023 to 2032. The growth of the region's economy is a result of increased demand from industries including agriculture, the production of food and beverages, and chemicals. In countries like China and India, where urbanization and population growth are on the rise, packaged goods demand is being driven by these factors, along with industrial bulk packaging need. Moreover, China’s industrial bulk packaging market held the largest market share, and the Indian industrial bulk packaging market was the fastest growing market in the Asia-Pacific region.

Industrial Bulk Packaging Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the industrial bulk packaging market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, industrial bulk packaging industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the industrial bulk packaging industry to benefit clients and increase the market sector. In recent years, the industrial bulk packaging industry has offered some of the most significant advantages to medicine. Major players in the industrial bulk packaging market are attempting to increase market demand by investing in research and development operations includes My Flexitank Industries Sdn Bhd, Greif, Inc., Shandong Anthente New Materials Technology Co. Ltd,, International Paper Company, Büscherhoff Spezialverpackung GmbH & Co. KG, Bulk Lift International, Inc., Bemis Company, Inc., Environmental Packaging Technologies, Inc., Hoover Ferguson Group, and Schuetz GmbH & Co. KGaA.

The Bemis Company, Inc. was a leading producer of pressure-sensitive materials as well as flexible packaging goods (including self-venting cook-in-bag packaging, retort packaging for shelf-stable items, vacuum packaging for meat products, and puncture-resistant, sterile medical packaging). The corporation was based in Neenah, Wisconsin, in the United States. Its branches were dispersed over 12 different countries, and its packaging films and adhesives were offered for sale everywhere.

Schuetz GmbH & Co. KGaA designs and makes metal and plastic goods. The company provides systems for industrial services, energy, and packaging. In addition to coils, plates, and split bars, Schuetz also offers steel and plastic drums, underfloor heating systems, and harvesting systems. International clients are served by Schuetz. The SCHÜTZ group's competency center is located at its headquarters in Selters, Westerwald. Not only do the new items start here, but all the machines and production facilities are also developed and built on-site for the production of goods all over the world.

Key Companies in the industrial bulk packaging market include

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  My Flexitank Industries Sdn Bhd

  
  


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  Greif, Inc.

  
  


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  Shandong Anthente New Materials Technology Co. Ltd

  
  


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  International Paper Company

  
  


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  Büscherhoff Spezialverpackung GmbH & Co. KG

  
  


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  Bulk Lift International, Inc.

  
  


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  Bemis Company, Inc.

  
  


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  Environmental Packaging Technologies, Inc.

  
  


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  Hoover Ferguson Group

  
  


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  Schuetz GmbH & Co. KGaA

  
  

Industrial Bulk Packaging Industry Developments

November 2020: Heavyweight products now come in lightweight, recyclable packaging thanks to Sonoco. Businesses benefit from reduced storage requirements and item protection.

April 2020: To grow their intermediate bulk container business in North America, Grief, a producer of industrial bulk packaging solutions, purchased certain stock in Centurion Container LLC. And this small transaction let Centurion Container LLC acquire the technologies that Grief possesses as well as notoriety.

In March 2024, Gravis is excited to introduce its new name and brand identity after successfully merging six prominent companies to become the largest supplier of engineered bulk transportation packaging solutions in North America. Gravis utilizes its extensive knowledge and experience in product and supply chain management gained from its previous businesses, including Bulk Lift International, Bagwell Supply, Norwood Paper, BulkSak, JumboBag, and Powertex. This expertise allows Gravis to develop tailored solutions and provide exceptional service to its customers in the food & beverage, agriculture, chemicals, pharmaceutical, and materials sectors. Gravis' team of packaging and application engineers collaborate directly with customer teams to provide the most effective packaging solutions. These solutions enhance the efficiency of customers' manufacturing and transportation processes, resulting in the lowest possible cost. Gravis has a network of 18 production and warehouse facilities in North America, as well as a global manufacturing network. They continuously invest in supply chain visibility and have a sales force that is well-known nationally and regionally. With these resources, Gravis is able to meet the service needs of both Fortune 500 companies and small enterprises, even if they have high demands.

Industrial Bulk Packaging Market Segmentation

Industrial Bulk Packaging Application Outlook (USD Billion, 2018-2032)

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  Chemical & Pharmaceutical

  
  


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  Building & Construction

  
  


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  Food & Beverage

  
  


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  Oil & Lubricant

  
  


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  Agriculture & Horticulture

  
  


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  Others

  
  

Industrial Bulk Packaging Technology Outlook (USD Billion, 2018-2032)

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  Flexible Bulk Containers

  
  


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  Rigid Bulk Containers

  
  


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  Flex Tanks

  
  


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  Bulk Container Liners

  
  

Industrial Bulk Packaging Industry Vertical Outlook (USD Billion, 2018-2032)

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  Chemical & Petrochemical

  
  


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  Oil & Gas

  
  


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  Energy & Power

  
  


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  Automotive

  
  


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  Food & Beverage

  
  


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  Healthcare

  
  


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  Others

  
  

Industrial Bulk Packaging Regional Outlook (USD Billion, 2018-2032)

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Russia
  
  
  • Poland
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia and New Zealand
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Latin America
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Mexico
  
  
  • Rest of Latin America
  
  
  
  


• Middle East & Africa
  
  
  
  • Turkey
  
  
  • Israel
  
  
  • South Africa
  
  
  • GCC
  
  
  • Rest of Middle East & Africa