Industrial Bulk Packaging Market To Reach $32.80 Billion By 2030

Industrial Bulk Packaging Market Growth & Trends

The global industrial bulk packaging market size is projected to reach USD 32.80 billion by 2030, escalating at a CAGR of 3.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Bulk packaging products are expected to witness high penetration in the chemicals & petrochemicals sector over the forecast period. Industrial bulk packaging solutions have witnessed increased demand in the recent years owing to rising global industrial output, most notably in Asia Pacific.

The rising demand for reducing the cost of transportation and storage of industrial fluids across industries is another factor bolstering the consumption of industrial bulk packaging products. In this regard, products such as IBCs and pails are increasingly consumed to ensure optimal space utilization, thereby contributing favorably to industry growth. The industry is also driven by steps initiated by various governments around the world to increase domestic production of petrochemicals.

The Government of India (GoI) recently initiated a perspective planning concerning the petrochemical industry to boost domestic capacities (petrochemicals) as a part of its Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) policy. Such initiatives offer healthy prospects for industry growth. In terms of application, chemicals & petrochemicals dominated the market with the largest revenue share in 2023

Pharmaceuticals segment is poised to register the fastest growth rate over the forecast period with the rising need for product safety (pharmaceuticals) coupled with advancements in scientific stacking methods (bulk packaging). Furthermore, increasing focus on the reduction of pharmaceutical wastage both during loading and unloading necessitates the employment of bulk packing products. The presence of aging population in Europe has been creating a substantial demand for industrial bulk packaging products in the pharmaceuticals space in the region.

North America emerged as one of the prominent regions for industrial bulk packaging. The U.S. was observed to be the most prominent market in North America and is characterized by the presence of leading international industry players. Furthermore, the North American market has been witnessing an increasing adoption of novel packaging products including flexible IBCs over the years. Such factors are expected to strengthen the regional market in the near future.

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Industrial Bulk Packaging Market Report Highlights

• In terms of product, the drums segment dominated the industrial bulk packaging market with a share of 37.98% in 2023; however, the segment is expected to lose share to segments such as IBCs and pails owing to the increasing demand for smaller formats of industrial bulk packing solutions

• Asia Pacific industrial bulk packaging dominated the global market with the largest revenue share in 2023

• The industry is characterized by intense competition with both domestic and international players trying to target prospective clients

• Product differentiation and innovation were some of the preferred strategies deployed by key market players.

Industrial Bulk Packaging Market Segmentation

Grand View Research has segmented the global industrial bulk packaging market report based on material, product, application, and region:

Industrial Bulk Packaging Material Outlook (Revenue, USD Million, 2018 - 2030)

• Plastic

• Metal

• Paper & Paperboard

• Others

Industrial Bulk Packaging Product Outlook (Revenue, USD Million, 2018 - 2030)

• Drums

• IBC

• Pails

• Totes/ Cracks

• Others

Industrial Bulk Packaging Application Outlook (Revenue, USD Million, 2018 - 2030)

• Chemicals & Petrochemicals

• Food & Beverages

• Pharmaceuticals

• Others

Industrial Bulk Packaging Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • Spain

  • France

  • Italy

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

  • UAE

List of Key Players in the Industrial Bulk Packaging Market

• Shandong Anthente New Materials Technology Co. Ltd

• My Flexitank Industries Sdn Bhd

• Greif, Inc.

• International Paper Company

• Büscherhoff Spezialverpackung GmbH & Co. KG

• Bulk Lift International, Inc.

• Bemis Company, Inc.

• Environmental Packaging Technologies, Inc.

• Hoover Ferguson Group

• Schuetz GmbH & Co. KGaA