The global market for bulk container packaging includes the variety of packaging products used for high volume packaging. Bulk packaged goods are transported via road, railways or sea. The global bulk container packaging market for serves several product-based industries in easing the way goods are transported across long distances. Three key products are used for bulk container packaging across end-use industries: bulk container liners, flexible intermediate bulk containers (FIBC), and flexitanks. Several varieties of barrels, boxes, and drugs are also widely used for a variety of bulk packaging purposes.
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Flexitanks, the multi-layered containers made with an outer covering of polypropylene and inner layers of polyethylene, are mostly used for the transportation of liquids and range in capacity from 14,000 to 24,000 liters. Flexible intermediate bulk containers are manufactured from woven polypropylene or polyethylene and are majorly used for the transportation of dry and fluid products. Bulk container liners, made from woven fabric or blown fabric, find use for the transportation of free-flowing dry materials or chemicals.
Flourishing Export Market Leads to Increased Demand for Bulk Container Packaging
The overall growth of the global bulk container packaging market depends largely on the state of imports and exports globally. Owing to the flourishing growth of consumer goods industry, the increasing trade of foods and beverages in developing regions of the world, a significant rise in vegetable oil exports from Southeast Asia, and wine from Europe in the past few years, have led to an increased demand for a variety of bulk packaging products.
The global market for bulk container packaging is expected to benefit from the aforementioned factors and expand at a healthy 9.7% CAGR over the period between 2014 and 2020. The market, which had a valuation of US$2.22 billion in 2013, is expected to rise to US$4.21 billion by 2020 at this pace.
Demand for Flexitanks to Increase at Fastest Pace, Thanks to Increased Wine and Vegetable Oil Exports
The higher operational and cost efficiency of flexi tanks makes them more preferred as compared to bulk packaging products such as barrels, tank containers, and drums across several applications. To wine producers, flexitanks serve well as they lower bottling and glass costs, import duties, and thus lead to a substantial reduction in overall transportation costs.
A constant rise in commodity trade in BRICS nations is also expected to lead to a significant rise in demand for bulk container packaging products in the near future. However, the continuous volatility in the prices of polyethylene and polypropylene are projected to have a negative impact on the overall development of the global bulk container packaging market in the coming years.
Some of the key vendors operating in the global bulk container packaging market are BLT Flexitank Industrial Co. Ltd., KriCon, Trans Ocean Bulk Logistics Ltd., Shandong Anthente New Materials Technology Co., Ltd., Braid Logistics, Qingdao LAF Packaging Co. LTD., MY FlexiTank, Bulk Liquid Solutions Pvt. Ltd., Büscherhoff Spezialverpackung GmbH & Co. KG, Trust Flexitanks, Environmental Packaging Technologies Inc., K Tank Supply Limited, Shanghai Yunjet Plastic Packaging Co. Ltd., SIA Flexitanks Ltd.