GVR Report cover Industrial Bulk Packaging Market Size, Share & Trends Report

Industrial Bulk Packaging Market Size, Share & Trends Analysis Report By Product (IBC, Drums, Pails), By Application (Chemicals & Petrochemicals, Pharmaceuticals, Food & Beverages), By Region, And Segment Forecasts, 2019 - 2025

  • Report ID: GVR-3-68038-466-6
  • Number of Pages: 141
  • Format: Electronic (PDF)

Industry Insights

The global industrial bulk packaging market size was estimated at USD 21.8 billion in 2018, escalating at a CAGR of 3.8% over the forecast period. The growth of the pharmaceutical industry has been driving the demand for bulk packaging products around the world. Industrial bulk packaging products are increasingly being utilized in the pharmaceutical industry owing to their enhanced material storage capacity. Drums, pails, and IBCs are among the most widely used packaging products in the pharmaceutical industry.

Escalating demand for plastic-based packaging products such as pails and drums over metal-based products is a trend that has gripped the industrial bulk packaging market over the years. From a manufacturing standpoint, the employment of plastic-based materials helps achieve economies of scale. Furthermore, the use of plastics as raw materials helps meet the requirements of most industries owing to their favorable properties including lightweight, reliability, and durability.

U.S. Industrial Bulk Packaging Market

Increasing the consumption of plastic drums for industrial packaging applications has been contributing to the growth of the drums segment. The use of plastic helps manufacturers offer various color options to clients, thereby enhancing the marketability of their products. Market players are expected to focus on the adoption of biodegradable materials (plastics) to manufacture industrial bulk packaging products over the forecast period to offset the hazards associated with the production and consumption of plastic-based packaging products.

Another trend gaining traction in the industry is the increasing popularity of flexible intermediate bulk containers (IBCs). The concept of lightweight has been encouraging manufacturers to increase the production of IBCs. North America was the largest market for IBCs in 2018. This region houses dominant players including ABC Polymer Industries, AmeriGlobe, and Alpine FIBC.

Cross border trade & logistics are likely to present remunerative opportunities for the industrial bulk packaging industry over the forecast period. This forecast is in reaction to increasing spending on infrastructure projects across the globe. Latin America, for instance, has been contributing to the demand for industrial bulk packaging products owing to various initiatives being undertaken in the region.

The pails segment is expected to grow at a healthy rate over the forecast period. These products are principally used for the packing of liquids across industries. The employment of these products facilitates the function of stackability, thereby aiding manufacturers to reduce storage and logistics costs.

Product Insights

In terms of product, the drums segment dominated the industrial packing market in 2018 with a share of 40.6%. This segment is expected to retain its prominent position over the forecast period. Drums are preferred for the packaging and transportation of liquids and other products in large quantities. These products find widespread application in the chemicals & petrochemicals industry.

IBC segment is anticipated to witness the fastest growth rate over the forecast period. Rising demand for smaller formats of industrial bulk packing products, predominantly in the pharmaceutical industry, is expected to fuel the growth of this segment over the forecast period. Pails are among the other most preferred products across various industries. The demand for pails is driven by advancements in pail manufacturing technology paired with product innovation.

Application Insights

The chemicals & petrochemicals segment emerged as the largest application segment in 2018. This segment is expected to claim a market share of 36.9% by 2025 to retain its pole position. Drums and IBCs are among the most widely used packaging products in the chemicals & petrochemicals industry. These products are considered ideal for the transportation and storage of petrochemicals and hazardous chemicals.

global industrial bulk packaging market

The pharmaceutical segment is anticipated to grow at the fastest rate over the forecast period. The rising need for hygiene in the pharmaceutical industry has been necessitating the employment of industrial bulk packaging products over the years. Noticing a rising demand for these products from the pharmaceuticals industry, market participants are increasingly focusing on offering bespoke packaging solutions to their clients such as nestable drums.

Regional Insights

The Asia Pacific emerged as the largest market for industrial bulk packaging in 2018 with a share of 33.2%. Japan, China, and India are among the major markets in this region. Rising industrial spending has been the key factor driving the growth of the regional market. The region also encourages the entry of small- and medium-sized industries owing to various factors such as the availability of cheap land and labor. Such factors have further strengthened market growth in APAC.

Europe was the second-largest market for industrial bulk packaging in 2018. The region is driven by the healthy growth of the pharmaceutical industry. Furthermore, the presence of the geriatric population in this region is expected to offer attractive growth opportunities for the bulk packaging market owing to the increasing production and consumption of pharmaceutical products.

Industrial Bulk Packaging Market Share Insights

The bulk packaging market is characterized by the presence of both domestic and international market players. Grief, Cleveland Steel Container, Composite Containers LLC, International Paper, BWAY Corporation, Eagle Manufacturing Company, Myers Container, Time Technoplast Ltd., Peninsula Drums, and Hoover Ferguson Group, Inc. are some of the prominent market participants.

Product differentiation and innovation were observed to be the preferred strategies in the industry over the years. Most market players offer custom and personalized solutions to their clients to remain competitive in the industry. Besides, a sizable number of players offer printing and product designing services to clients as per their requirements.

Report Scope



The base year for estimation


Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Report coverage        

Revenue forecast, company share, competitive landscape, growth factors and trends

Country Scope

U.S., U.K., Germany, France, China, Japan, India, Brazil, South Africa

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments Covered in the Report

This report forecasts revenue growth at a regional & country level and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the global industrial bulk packaging market report based on product, application, and region:

  • Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Drums

    • IBC

    • Pails

    • Totes/ Cracks

    • Others

  • Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Chemicals & Petrochemicals

    • Food & Beverages

    • Pharmaceuticals

    • Others

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • The U.S.

    • Europe

      • U.K.

      • Germany

      • France

    • Asia Pacific

      • China

      • Japan

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

      • South Africa

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