Industrial Bulk Packaging Market Expected to Reach USD 91.166 Billion by 2032 | Growing at a CAGR of 4.70%.

Market Research Future (MRFR) has published a cooked research report on the “Global Industrial Bulk Packaging Market” that contains information from 2018 to 2032. The industrial bulk packaging market is estimated to register a CAGR of 4.70% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global industrial bulk packaging market - 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.

Market Highlights

The global industrial bulk packaging market is accounted to register a CAGR of 4.70% during the forecast period and is estimated to reach USD 91.166 billion by 2032.

The demand for items in industrial bulk packaging has been driven by the expansion of the pharmaceutical industry globally. Over the years, a trend has swept the industrial bulk packaging market: consumers' preference for plastic-based packaging items such as pails and drums over metal-based items is growing. The adoption of flexible intermediate bulk containers (IBCs), is another trend gaining traction in the market. Manufacturers have increased IBC output because of the idea of lightweight packaging. Additionally, throughout the course of the projected year, cross-border trade & logistics are probably going to offer lucrative chances for the industrial bulk packaging business. The increased spending on infrastructure projects around the world is the cause of this forecast.

Segment Analysis

The global industrial bulk packaging market has been segmented based application, technology, and industry vertical.

Based on application, the global industrial bulk packaging market has been segmented into Chemical & Pharmaceutical, Building & Construction, Food & Beverage, Oil & Lubricant, Agriculture & Horticulture and Others. The food & beverage segment was expected to hold the largest market share in 2022. A shift in consumer lifestyle and food tastes is fostering the packaged and processed food sector's continuous rise, which is anticipated to fuel the F&B segment's revenue growth.

On the basis of technology, the market is segmented into Flexible Bulk Containers, Rigid Bulk Containers, Flex Tanks and Bulk Container Liners. A sizable segment of the industrial bulk packaging industry is made up of rigid bulk containers. These containers are made to safely and effectively transport and store enormous volumes of commodities.

Based on industry vertical, the global industrial bulk packaging market has been segmented into Chemical & Petrochemical, Oil & Gas, Energy & Power, Automotive, Food & Beverage, Healthcare and Others. The chemical & petrochemical segment was expected to hold the largest market share in 2022. During the forecast period, the demand for specialty chemicals, which are used in a range of industries, including oil & gas, pharmaceuticals, the automotive industry, and construction, would increase.

Regional Analysis

The global industrial bulk packaging market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe industrial bulk packaging market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The industrial bulk packaging market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World industrial bulk packaging market comprises of Middle East, Africa, and Latin America.

The largest market share for industrial bulk packaging was maintained by the North American regional sector. The region is anticipated to grow significantly as a result of rising industrialization and increased demand for bulk packaging from a variety of end-use industries, including food and beverage, chemicals and petrochemicals, and pharmaceuticals.

Moreover, the Europe market has been persistently growing over the forecast period. The steady growth of the pharmaceutical industry is the region's driving force. Furthermore, due to rising pharmaceutical product manufacturing and consumption, it is anticipated that the presence of an aging population in this area would provide the global market with some alluring expansion chances.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The primary driver of the regional market's growth has been an increase in industrial investment. Due to a variety of factors, including the availability of inexpensive labor and land, the area also encouraged the entry of medium- and small-sized sectors.

Furthermore, the rest of the world's industrial bulk packaging market is divided into the Middle East, Africa, and Latin America. Moderate growth is anticipated for rest of the world. The expansion of infrastructure operations drives up the need for material transportation and storage, which in turn drives up the demand for bulk packaging and fuels this region's development.

Key Findings of the Study

• The global industrial bulk packaging market is expected to reach USD 91.166 billion by 2032, at a CAGR of 4.70% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market. An increase in industry investment has been the main factor fueling regional market expansion.


• Based on application, the food & beverage segment was attributed to holding the largest market in 2022, with an approximate market share of 35%.


• 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, Schuetz GmbH & Co. KGaA