Which region holds the largest market share in the global Bulk Container Packaging Market?
North America holds the largest market share in the global Bulk Container Packaging Market.
Why is the United States an important market for bulk containers?
The United States is an important market for bulk containers due to the presence of abundant shale resources, which is expected to drive the expansion of the chemical industry and increase the demand for bulk containers. The country's significant chemical and pharmaceutical exports also contribute to the steady demand for rigid bulk containers like drums and pails.
Who are the leading market players?
Major players are Berry Global Inc, Sealed Air Corporation, DS Smith Plc, Mondi Group, Bemis Company, Inc, International Paper Company, Winpak Ltd, Mauser Group B.V, Hoover Ferguson Group and Grief Inc.
What factors are expected to drive the growth of the bulk container packaging market ?
Rising preferences for superior flexitanks, increasing edible oil exports, and growing adoption of flexitanks for shipping food ingredients and non-hazardous chemicals are expected to boost the market growth. Additionally, the growth in pharmaceutical and chemical commerce contributes to market expansion, especially in the post-pandemic environment where sterile packaging is crucial.