Stratview Research has published a new report on the Bulk Container Packaging Market, segmented by Product Type (Flexitanks, Flexible Intermediate Bulk Container, and Bulk Container Liners), by Application Type (Food & Beverage, Chemicals, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). This report provides critical insights into the market dynamics and enables strategic decision-making for the existing and new market players
Bulk container packaging market is likely to witness an impressive CAGR of 9.4% during the forecast period. The prime factor that is contributing to the demand for bulk container packaging is its growing adoption by the chemicals and food & beverages industries.
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
This report studies the Bulk Container Packaging Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the product type, the market is segmented as flexitanks, flexible intermediate bulk container, and bulk container liners. The flexitanks segment held the largest share of the market in 2020 and is expected to remain dominant during the forecast period owing to the efficiency and effectiveness associated with such tanks. The utility of such tanks in shipping wine, oil, food grade liquids, and non-hazardous chemicals will augment the segmental growth over the forecast period.
Based on the application type, the market is segmented as food & beverage, chemicals, and others. The food & beverage segment accounted for the largest share by application in 2019 and is expected to maintain its dominance over the forecast period owing to rising population across the globe and changing spending pattern in emerging economies.
In terms of regions, North America is estimated to contribute for the largest market share during the forecast period. The North American market is expected to grow with a lucrative CAGR due to high agricultural and alcohol exports. Asia-Pacific is expected to grow with the highest CAGR owing to improving customer lifestyle and increasing disposable income in the region.
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