San Francisco, California, April 09, 2018: TMR Research states that the global bulk container packaging market has a bright future as transportation gains momentum. The research report, titled “Bulk Container Packaging Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025”, provides an in-depth understanding of the various aspects of the overall market. It highlights the strengths, weaknesses, opportunities, and threats that the global bulk container packaging market is witnessing in the current market scenario. Analysts state that rise of industries such as pharmaceuticals, food and beverages, chemicals, and construction amongst others has significantly led to the soaring revenue of bulk container packaging market.
The study states that the demand for bulk container packaging is going to rise steadily in the coming years due to the increasing import and export activities. Typically, the containers come in sizes of 275 U.S. gallons and 330 U.S. gallons. These bulk containers are predominantly being used for transporting non-hazardous chemicals and food ingredients. The growing demand for food and beverages across borders has made a significant contribution to the growth of the global market. Unprecedented population growth, increasing purchasing power, and need for transporting goods without any contamination have propelled the uptake of bulk containers for efficient packaging in recent years.
The research report also states that the demand for bulk container packaging will also shoot up as need for pharmaceuticals across the globe amplifies. Pandemics, growing medical needs, and increasing spending capacity on healthcare have raised the demand for medicines by leaps and bounds in the past few years. In order to bridge the gap between supply and demand, the import and export of medicines is expected to augment the demand for bulk container packaging solutions.
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From a geographic point of view, the global bulk container packaging market is segmented into Asia Pacific, North America, Europe, Latin America, and Rest of the World. Out of these, North America is currently in the lead as the demand for food items such as oilseeds, corn, soybean, and other feeds is relatively high. The export of alcoholic beverages from the U.S. have also spiked the regional market to a remarkable extent. The research report states that Asia Pacific bulk container packaging market will witness a dramatic rise due emerging economies of India and China.
Some of the key players defining the competitive landscape of the global bulk container packaging market are Shandong Anthente New Materials Technology, BLT Flexitank Industrial Co, Ltd., Environmental Packaging Technologies, Braid Logistics, SIA Flexitanks, Qingdao LAF Packaging, and Trust Flexitanks. The research report points out that the companies are expected to focus on developing high quality of packaging solutions to ensure minimal damage to goods that are in transit. The research report assesses the research and development activities of these players. It also offers a comprehensive outlook of the financial status of the companies, their business and marketing strategies, and their expansion plans to grab larger shares in the global market in the coming years.