Bulk container packaging comprises products utilized for high-volume packaging. Flexitanks, bulk container liners, drums, flexible intermediate bulk containers (FIBC), and barrels and boxes are some of the products used for storing and transporting bulk commodities via rail, road or waterways. Food and beverages, oils and fat, pharmaceutical products, and non-hazardous chemicals are some of the commodities that these packaging products are used for. Constituent elements, holding capacity, and the type of products they are suitable for distinguish packaging products from each other.
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Constituent Material, Size Configuration of Bulk Container Packaging – a Snapshot
Flexitanks are available as standard 20-ft containers fabricated using polypropylene and polyethylene; these are used for the transportation of non-hazardous liquids. Unlike flexitanks, FIBCs are jumbo bags made of woven fabric for storing and transporting dry and free-flowing products. In FIBCs, the constituent material and size of the packaging container varies to suit the material to be transported. Manufactured of woven polypropylene and polyethylene, bulk container liners are mostly 20ft or 40ft in size, however, these are also custom-made as per requirement.
Of all, FIBC held the largest share in the bulk container packaging market in 2013. Flexitanks held a smaller share in the overall market in the same year; however, the product segment will exhibit the highest growth rate in the coming years. Bulk container liners accounted for more than 35% of the global market in 2013. Price volatility in polypropylene and polyethylene, which are petroleum derivatives, impacts the prices and market share of the various bulk container packaging products depending on the amount of these constituent materials.
Global Exports Hold Promise for Bulk Container Packaging Market
Increasing exports of vegetable oils from Southeast Asian countries and that of wine from Europe are boosting the global bulk container packaging market. In these trade activities, vegetable oil exporters favor flexitanks over other products such as barrels, drums, and tank containers due to their low cost and higher functional efficiency. In wine exports, the use of flexitanks is beneficial owing to reduced glass and bottling costs, low import duties, and less overall transportation cost for wine traders.
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North America stood as the largest bulk container packaging market in 2013; the region held more than 30% of the global market. The region was followed by Europe and Asia Pacific for demand for bulk container packaging in the same year. Asia Pacific will exhibit the fastest volume growth in the market in the coming years. Increasing exports of chemicals and oils from the region are the reason for this. Europe will exhibit moderate demand for bulk container packaging in the coming years; dwindling chemical exports from the region will lead to plummeted demand for these products. The Rest of the World region will display the second fastest growth rate in the bulk container packaging market due to rising exports of food products and synthetic chemicals. Increasing commodity trade in BRICS nations will open new opportunities for manufacturers of bulk container packaging products.