Bulk Container Packaging Market is estimated to Expand at a CAGR of 9.7% during the Forecast Period, TMR Study

2022-06-25 15:45:54 By : Ms. Mavis Tang

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ALBANY, N.Y. , June 20, 2022 /PRNewswire/ -- The value of the global bulk container packaging market was clocked at more than US$ 4.2 Bn in 2021. The market is anticipated to rise at a CAGR of 9.7% during the forecast period, from 2022 to 2031. The bulk container packaging market size is estimated to surpass valuation of US$ 11.6 Bn by 2031. Due to the increasing demand for flexitank in transferring food ingredients and non-hazardous chemicals in bulk quantity, bulk containers are increasing in popularity in the chemical and food & beverage sectors. It is estimated to be one of the most important types of packaging in logistics in the years to come.

Flexitank gives a value-added benefit over traditional bulk containers. In addition to that, the installation and loading process of these tanks requires much less effort. Furthermore, owing to its excellent properties such as low payloads, lightweight, and low risk of contamination, flexitanks are gaining traction in the transportation industry. This factor is likely to drive revenue opportunities for the bulk container packaging manufacturers

Large amounts of liquid substrates, including solvents and some of the harshest compounds, are stored and transported in bulk containers. On the other hand, bulk containers made of high-quality plastic materials are ideal for storing food and beverages, ensuring that they remain as fresh as possible. The food & beverage and industrial chemicals businesses are expected to constitute the majority of the global market share in the forthcoming years.

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Key Findings of Market Report

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Global Bulk Container Packaging Market: Growth Drivers

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Global Bulk Container Packaging Market: Key Players

Some of the key market players are

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Global Bulk Container Packaging Market: Segmentation

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