The bulk liquid transport packaging market is likely to register a CAGR of 3.5% during the forecast period. It is anticipated to reach a market share of USD 1,959.77 million in 2033 from USD 1,388.35 million in 2023.
The sheer volume of resources and products transported worldwide demonstrates the significance of the global bulk container packaging market. The rise in consumption of various chemical products in multiple industries is driving the demand for bulk liquid transport packaging.
It also serves as an alternative packaging solution to heavyweight plastics or metal intermediate bulk containers, which could increase its market by several orders of magnitude in the coming years.
| Attribute | Details |
|---|---|
| Bulk Liquid Transport Packaging Market (CAGR) | 3.5% |
| Bulk Liquid Transport Packaging Market (2023) | USD 1,388.35 million |
| Bulk Liquid Transport Packaging Market (2033) | USD 1,959.77 million |
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Bulk liquid transport packaging is an excellent packaging solution for the transport of various liquid goods in various industries. The most recent trend observed in the bulk liquid transport packaging industry is high product innovation to meet the specific demands of manufacturers and suppliers.
Due to its high suitability for liquid transportation and lower cost, the bulk liquid transport packaging industry offers numerous opportunities in emerging and developed markets.
The bulk liquid transport packaging industry is expected to grow due to increased demand for sustainable and durable products from various end-use industries. Bulk liquid transport packaging is made of long-lasting wood, plastic, and metal materials.
They are intended for multiple trips and are designed to withstand rough handling throughout the supply chain. Compared to expendable packaging, the initial investment for such products is significantly higher with increasing trips; a lower cost per trip can be achieved, ensuring a quick return on investment.
Suppliers' shifting preferences toward more cost-effective packaging solutions drive demand for bulk container packaging products. The bulk liquid transport packaging market's main restraints are slow growth in the coming years due to the slow adoption of bulk container packaging products.
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The demand for bulk liquid transport packaging is increasing significantly in the North American and European regions, owing to changing supplier preferences to pack their products in more cost-effective and environmentally friendly packaging solutions. The bulk liquid transport packaging industry in North America is expected to lead with a 29% share.
Germany and Italy have the highest bulk container packaging market share in the European region's bulk liquid transport packaging market throughout the forecast period. With a 20% market share, Europe is the second-leading bulk liquid transport packaging industry.
The high export of wines is expected to boost the European bulk liquid transport packaging industry. During the forecast period, the European bulk liquid transport packaging industry is expected to grow faster than average.
Due to the region's growing concern about using more environmentally friendly products, the Asia Pacific region is expected to offer high growth potential for the bulk liquid transport packaging industry in the coming years.
The Middle East bulk liquid container market is expected to grow slowly during the forecast period. Due to the increased export of bulk chemicals and food products, the Middle East and Africa, as well as Latin America, are expected to be the fastest-growing markets for bulk liquid transport packaging.
Plastic monopolized the bulk liquid transport packaging industry, accounting for more than 63.4% of revenue. Due to their durability, low weight, and strong corrosion and solvent resistance, high-density polyethylene (HDPE) and polypropylene (PP) plastics are commonly used to manufacture pallets, crates, IBCs, and drums.
Due to their high impact resistance, plastic-based RTP products sustain little or no damage during rough handling by forklifts and other material handling equipment. Furthermore, RTP products made of plastic have high weather and chemical resistance, making them suitable for pharmaceutical and food applications.
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Due to high product demand for the packaging of dairy, bakery, agricultural, and meat products, as well as processed and semi-processed food products, the beverage end-use segment led the bulk liquid transport packaging industry, accounting for about 34.5% of the global revenue share.
The expanding processed food products industry is expected to increase product penetration within the beverage segment. Automotive manufacturers primarily use bulk liquid transport packaging products to transport semi-finished and finished auto components, such as body parts, from vendors to assembly units.
Frequent and short-distance transportation of heavy and high-volume auto parts creates a demand for sturdy, effective, and long-lasting bulk liquid transport packaging products.
Investigate emerging technologies and startups working on bulk container packaging solutions, as so many startups are working on a wide range of bulk container packaging solutions.
How is the Start-up Ecosystem in the Bulk Liquid Transport Packaging Market?
Some upcoming start-ups in the bulk container packaging market are:
Nanolike, a provider of smart silo technology, is expanding its connected feed bin sensors internationally, with the technology now available in 18 countries, including the United Kingdom.
Nanolike is pleased to announce the release of a new digitized fill-level monitoring solution for food and beverage silos. The goal is to make inventory and order management processes in the food and beverage industry easier. Another goal is to assist raw material and additive manufacturers and suppliers in optimizing their silo replenishment processes.
Smurfit Kappa plc, Plascon Packaging, LiquiSet Bulk Liquid Packaging System, Qbig Packaging B.V., DS Smith plc, PacTec, Inc., International Paper Company, and Interstate Chemical Co. are some key players in the global bulk container packaging market.
Recent Development:
| Date | December 2019 |
|---|---|
| Company | Heniff Transportation |
| Strategy | Acquisition |
| Detail | Superior Bulk Logistics was acquired by Heniff Transportation, a leader in liquid bulk transportation based in the United States, for an undisclosed sum in December 2019. This agreement may assist Heniff Transportation in developing a large bulk carrier as well as improving customer service capabilities. Superior Bulk Logistics is a United States-based company that specializes in innovative bulk truck transportation and logistics services. It was founded in 1966. |
| Date | December 2022 | |
|---|---|---|
| Company | Quantix | |
| Strategy | Acquisition | |
| Detail | Quantix declared that it had obtained mid-states packaging. The company offers bulk transportation, export, and warehousing services and is located in eleven locations across Mid and Northeast Atlantic and Texas. The acquisition of the latter company is expected to reinforce Quantix’s geographic presence and construct upon its trucking and warehousing transportation operations. |
| Attribute | Details |
|---|---|
| Growth rate | CAGR of 3.5% from 2023 to 2033 |
| The base year for estimation | 2022 |
| Historical data | 2018 to 2022 |
| Forecast period | 2023 to 2033 |
| Quantitative units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors and trends, Pricing Analysis, |
| Segments Covered | Material Type, End Use, and Region |
| Regional scope | North America; Western Europe, Eastern Europe, The Middle East and Africa, ASEAN, South Asia, Rest of Asia, Australia, and New Zealand |
| Country scope | The United States, Canada, Mexico, Germany, the United Kingdom, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, United Arab Emirates, Iran, South Africa |
| Key companies profiled | Smurfit Kappa plc; Plascon Packaging; LiquiSet Bulk Liquid Packaging System; Qbig Packaging B.V.; DS Smith plc; PacTec, Inc.; International Paper Company; and Interstate Chemical Co. |
| Customization scope | Free report customization (equivalent to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The market is valued at USD 1.3 billion in 2023.
The market is likely to record a CAGR of 3.5% from 2023 to 2033
Plascon Packaging and LiquiSet Bulk Liquid Packaging System are the leading industry players.
Technological advancements to boost the market prospects.
The plastic segment is likely to remain preferred through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 5.1. Corrugated Cardboard 5.2. Plastics 5.3. Metal 5.4. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 6.1. Chemical 6.2. Dairy 6.3. Beverages 6.4. Other Industrial Goods 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Market Structure Analysis 17. Competition Analysis 17.1. Smurfit Kappa plc 17.2. Plascon Packaging 17.3. LiquiSet Bulk Liquid Packaging System 17.4. Qbig Packaging B.V. 17.5. DS Smith plc 17.6. PacTec 17.7. International Paper Company 17.8. Interstate Chemical Co. 17.9. Wenzhou Ace Machinery 17.10. Henan Joinwell Industrial 17.11. ZIBO YUNDU PLASTIC PRODUCTS 17.12. Qingdao Jierong Packing 18. Assumptions & Acronyms Used 19. Research Methodology
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Bulk Liquid Transport Packaging Market
