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The state of the world economy has a significant impact on the industrial bulk packaging market. Economic expansion spurs manufacturing, which raises interest in bulk packaging products across a range of industries. Certain industries have an enormous need for industrial bulk packaging. Within these industries, variations in the patterns of production and consumption have a direct impact on the total demand for bulk packaging.
The continuous development of packaging materials has an effect on sales for industrial bulk packaging. The growing emphasis on sustainability and eco-friendly methods has an effect on the demand for industrial bulk packaging. As producers and consumers search for packaging solutions with the least amount of adverse environmental impact, biodegradable materials are growing in popularity.
The advancements in bulk transportation and storage are going to have an impact on the demand for industrial bulk packaging. Market preferences are influenced by effective and space-saving packaging methods that facilitate efficient logistics and distribution. The industrial bulk packaging industry is shaped by the move toward flexible packaging options, such as bulk bags and flexible intermediate bulk containers. Flexible bulk packaging is becoming more and more popular because to its versatility, low weight, and simplicity in handling.
The market for industrial bulk packaging is impacted by the growth of e-commerce and the growing emphasis on last-mile delivery. Demand is higher for packaging solutions that address the needs of online retail, such as robustness and handling simplicity. Bulk packaging requirements are influenced by companies implementing efficiency-driven techniques and packaging automation. Market trends are influenced by automated packaging equipment and technologies that improve productivity and lower labor expenses. The market dynamics are influenced by the need for branded packaging and other customized bulk packaging solutions. Industries look for packaging solutions that complement their branding initiatives to increase the visibility of their products on the market. The costs and availability of supplies, such as metal, plastic, and corrugated materials, might fluctuate, which influences the industrial bulk packaging cost structure.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 60.3 Billion |
| Market Size Value In 2023 | USD 63.13 Billion |
| Growth Rate | 4.70% (2023-2032) |
Industrial Bulk Packaging Market Highlights:
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.
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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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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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.
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
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