An international Industrial Bulk Packaging market analysis report brings into focus the key market dynamics of the sector. A range of definitions and classification of the Materials & Packaging industry, applications of the Materials & Packaging industry and chain structure are given in the report. This market report offers an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. Industrial Bulk Packaging market is supposed to rise during the forecast period due to growing demand at the end user level. The data and insights from Industrial Bulk Packaging marketing report suggest that new highs will take place in the market in 2021-2028.
Industrial bulk packaging market will reach an estimated valuation of USD 30.77 million by 2028, while registering this growth at a rate of 3.80% for the forecast period of 2021 to 2028. Industrial bulk packaging market report analyses the growth, which is currently being growing due to the rising demand from the pharmaceutical industry.
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Market Overview:
Using intermediate bulk containers such as the IBC tank, pallet tank, and IBC tote, industrial bulk packaging is carried out. In addition, intermediate bulk containers are re-usable and can accommodate an enormous mass. In addition to this, intermediate bulk containers are used both for shipping several goods and for storing liquid.
Global Industrial Bulk Packaging Market Scope and Market Size
Industrial bulk packaging market is segmented on the basis of product, material and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
l On the basis of product, the industrial bulk packaging market is segmented into drums, IBC, pails, totes/ cracks, and others. Drums segment will hold the largest share in the growth of the market due to the rising usages of product in packaging and transportation of liquids and other products in large quantities.
l Based on material, the industrial bulk packaging market is segmented into plastic, steel, fiber/paperboard, and other.
l Industrial bulk packaging market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for industrial bulk packaging market includes chemicals and petrochemicals, food and beverages, pharmaceuticals, and others. Chemicals and petrochemicals segment will hold the largest share in the growth of the market due to the rising usages of drums and IBCs in the industry and these are ideal for transportation and storage of hazardous chemicals.
The major players covered in the industrial bulk packaging market report are Greif; Cleveland Steel Container; Composite Containers, LLC; Hoover Ferguson Group, Inc.; International Paper; BWAY Corporation; Myers Container; Time Technoplast Ltd.; Peninsula Drums; Eagle Manufacturing; Menasha Corporation; Berry Global Inc.; Amcor plc; Mondi; WestRock Company.; Schütz GmbH & Co. KGaA.; The Cary Company.; TPL Plastech Limited; DS Smith; Snyder Industries; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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