The global Inner Bulk Liners Market is expected to be valued at USD 2,196.1 Million in 2022, expected to reach USD 3,645.9 Million by 2032. A CAGR worth 5.2% is expected for the market during the 2022 to 2032 forecast period.
Inner bulk liners are utilized in large multilayer bags, corrugated boxes, multilayer paper bags, and woven sacks. The inner bulk liners are tightly sealed and leak-free. Inner bulk liners provide a solid barrier against pests, insects, and other external pollutants. Manufacturers can rely on inner bulk liners to keep their food or beverage products fresh and tasty for a long time. These are the primary drivers of this market.
Report Attribute | Details |
---|---|
Expected Market Value (2022) | USD 2,196.1 Million |
Projected Forecast Value (2032) | USD 3,645.9 Million |
Anticipated Growth Rate (2022 to 2032) | 5.2% |
Inner bulk liners also promote uniformity, resulting in a more secure stacking. They are also available in a number of sizes, making them appropriate for a wide range of applications. The vast majority of the inner bulk liners are tightly sealed. Inner bulk liners are made from virgin plastic resins and FDA-approved components. The liquid inner bulk liners are made of polypropylene film and polypropylene fabric.
From the aspect of physical state, dry bulk container liners have mostly replaced corrugated boxes as a packing alternative due to their lightweight and relatively good durability. Similarly, numerous products are not sent to other countries due to inadequate packaging methods. As a result, dry bulk container liners ensure that the product is sent in its original condition, which is boosting the target market's growth.
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The global demand for customized packaging solutions is propelling the expansion of the inner bulk liners market. The liberalization of numerous closed economies' international trade laws, together with increased exports and imports of FMCG & FMCD products (fast-moving consumer goods and fast-moving consumer durables), is also contributing to the rapid expansion of the inner bulk liners market.
The proliferation of e-commerce firms around the world necessitates safe and timely logistic services. Inner bulk lines improve product safety in fast-moving vehicles as well as during the loading and unloading of goods, increasing market growth. Because of the greater humidity management of the inner bulk liners, it is suitable for water transport of commodities and thereby contributes to global market growth.
Inner bulk liners have been a significant advancement in the business. These liners have been widely utilized in the plastics sector to prevent leakage from drums and other containers. These liners allow hazardous materials to be transported and stored. The liners help minimize spills and leaks while being processed at a plant, creating positive chances for market growth.
The difficulty in recycling inner bulk liners is limiting the market's expansion. Inner bulk liners are composed of nonmaterials, making it difficult to reduce the pollution caused by them.
Inner bulk liners assist both buyers and vendors in lowering overall packaging costs; hence, they have great growth potential; since practically all firms throughout the world strive to reduce costs in order to preserve and enhance profit margins.
Also, because this container may only be used for a particular type of material rather than various contents, the appropriate type of liners must be installed within the container. This issue will limit market expansion and pose further challenges to the inner bulk liners industry.
Liners for dry bulk containers are constructed of polypropylene, polyethylene, and other plastics. Dry bulk container liners are a low-cost option for interim storage and dry freight transit. Dry bulk container liners establish a barrier against any type of contamination between the interior of the container and reduce the risks of product damage, hence avoiding cargo contamination.
Dry bulk container liners reduce packaging waste because they are simple to install and can be reused. These liners are utilized in a variety of industries as a replacement for plastic containers and corrugated boxes. Such advancements are projected to drive the global market for inner bulk liners in the future.
In terms of market share and revenue, the North American market is expected to grow steadily during the projection period of 2022 to 2032. The analysts at Future Market Insights predict that by 2022, the market of Inner bulk liners in North America is expected to acquire a global market size of 21%.
North America is predicted to grow rapidly in terms of market share and revenue share in the global inner bulk liners market during the forecast period. This is due to the region's increasing demand for inner bulk liners. Because of the increasing demand for automation in the food and beverage industries in this region, this region dominates this market.
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By 2022, Europe will hold approximately 26% of the global market share. This region is expected to be the fastest growing market in terms of revenue during the forecast period, 2022 to 2032.
Dry bulk container liners are a low-cost option for interim storage and dry freight transit. Dry bulk container liners establish a barrier against any type of contamination between the interior of the container and reduce the risks of product damage, hence avoiding cargo contamination.
Dry bulk container liners also reduce packaging waste because they are simple to install and can be reused. Such factors are going to boost the overall market demand in European countries.
Rising urbanization and industrialization in developing economies such as Asia-Pacific have resulted in the growth of the chemical and food and beverage industries. Countries such as India, Japan, and South Korea are rapidly growing their food and chemical industries.
The use of storage equipment is expanding as the food and beverage industry expands rapidly. Manufacturers have increased their production capacity by implementing automation in their production facilities in response to rising demand.
Packaged food is convenient, particularly for the working population, and hence the demand for storage of such food goods has grown over time. The market's producers have invested in the development of inner bulk liners that can be employed in automated lines.
The leading competitors in the global intermediate bulk container (IBC) liners market are now focused on strategies such as product innovations, mergers and acquisitions, new advancements, collaborations, joint ventures, and partnerships to strengthen their market position.
The key players in this market include Tufbag, Marsol Group, Bulk-Flow, Thrace Group, and Vishakha PolyFab Pvt. Ltd.
Start-up companies all across the world are vying for market share by seizing current opportunities. As a result, the majority of new corporations today choose product supply to promote ongoing industrialization and urbanization in order to get a competitive advantage over other organizations.
Report Attribute | Details |
---|---|
Growth Rate | 5.2% CAGR |
Market value in 2022 | USD 2,196.1 Million |
Market value in 2032 | USD 3,645.9 Million |
Base Year for Estimation | 2021 |
Historical Data | 2016 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | USD Million for Value |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Type, Physical state, End-user, Region |
Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
Key Countries Profiled | United States of America, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Rest of L.A, Nordic countries, Belgium, Netherlands, Luxembourg, Poland, Russia, Rest Of Eastern Europe, China, India, ASIAN, Australia, New Zealand, Japan, GCC Countries, S. Africa, N. Africa, Rest of the Middle East and Africa |
Key Companies Profiled | Tufbag; Marsol Group; Bulk-Flow; Thrace Group; Vishakha PolyFab Pvt. Ltd. |
Customisation Scope | Available on Request |
The global Inner bulk liners market is expected to grow at a 5.2% CAGR and secure USD 3,645.9 Million by 2032.
Europe is expected to be the fastest-growing market for Inner bulk liners during the forecast period and is expected to acquire a market share of 26% in 2022.
Tufbag, Marsol Group, Bulk-Flow, Thrace Group, and Vishakha PolyFab Pvt. Ltd. are some of the known players in the Inner bulk liners market.
Market Size in 2024 | USD 25.5 billion |
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Market Value in 2034 | USD 43.8 billion |
Value CAGR (2024 to 2034) | 5.5% |
Market Size (2024) | USD 525.6 million |
---|---|
Forecasted Market Size (2034) | USD 801.2 million |
Projected Value CAGR (2024 to 2034) | 4.00% |
Market Size (2023) | USD 950.33 million |
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Market Size (2033) | USD 1,463.07 million |
Market CAGR (2023 to 2033) | 4.9% |
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