Global bulk container packaging market expected to reach over US $9 billion by 2019, says Technavio

Renewable energy

 

This industry research reports details market forecast and trend analysis of bulk container packaging until 2019. It offers segmentation by type of products and end-users. The research report provides market shares for North America, Europe, APAC, and ROW. The leading vendors analyzed by this report include BLT, Braid Logistics, Büscherhoff Spezialverpackung, Environmental Packaging Technologies, and Shandong Anthente.

Technavio has released updated information on the packaging market, with the publication of its new market research report, global bulk container packaging market. The global bulk container packaging market is expected to grow at a CAGR of around 10% between 2015 and 2019, owing to increased demand from the chemicals and petroleum industry. Currently, North America leads the global market for bulk packaging; however, APAC is expected to witness the fastest growth during the forecast period. Much of APAC’d market growth comes from strong production and consumption from economies such as China and India.

“Of late, the market is witnessing increased usage of biodegradable alternatives as raw materials. These biodegradable films are made of materials such as PLA, PHAs, starch, and cellulose. PLA films are the preferred biodegradable packaging materials due to their better barrier properties against UV light. The usage of cellulose and starch in container packaging has gained prominence because they are cheap and can be conveniently plasticized,” says Sriram Mohan, Lead Analyst, Transport & Logistics, Technavio Research.

Bulk container management includes container distribution, fleet sizing, repositioning of empty containers, tracking containers, and maintenance. High demand from F&B, chemicals, and consumer goods industries has pushed the bulk container vendors to adopt fleet management techniques. Fleet management systems will enhance container tracking, monitoring, and routing operational efficiency, by reducing risk and expenditure control.

The major players in the global bulk container packaging market are BLT, Braid Logistics, Büscherhoff Spezialverpackung, Environmental Packaging Technologies, and Shandong Anthente. Limited stock sizes is a major challenge in the sales of bulk container packaging. To overcome these impediments, the leading market vendors are offering customization to end-customers as per their specific needs. Customization is provided for the box and container capacity in terms of length, breadth, height, and type of material used to build them.

A more detailed analysis is available in the Technavio report, Global Bulk Container Packaging Market 2015-2019.

We can customize this reports by other regions and specific segments upon request.

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