Saturday, 24 December 2016

BRICS Countries to Provide for High Opportunities in Bulk Container Packaging Market

Bulk container packaging market includes the manufacturers of bulk or high volume packaging products such as flexible intermediate bulk containers (FIBC), flexitanks, and bulk container liners. These containers are mainly used to store pharmaceuticals, non hazardous chemicals, oils and fats, beverages, and food products in large quantities and transport them via sea, road, or railways.

Flexible intermediate bulk containers are industrial containers that are produced from polypropylene or woven polyethylene. These containers are conductive and anti-static in terms of electrostatic properties and are used to carry products which are dry and flowable. Flexitanks are bulk liquid containers with multi-layering – an inner coating of polythene and an outer covering of polypropylene. These containers range from 14,000 to 24,000 liters in terms of capacity. Bulk container liners are produced in woven fabric and blown film forms and are used in shipping of dry materials or chemicals.

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Market Drivers, Restraints and Opportunities

The export of wine from Europe and vegetable oil from Southeast Asia has increased and is likely to boost up the bulk container packaging market. Vegetable oil exporters have a preference for flexitanks due to high operational efficiency and low costs over other packaging items such as drum, barrels, and tank containers. While wine producers prefer flexitanks due to lesser glass and bottling costs, import duties, and transportation costs.

Flexitanks are highly operational that give them an edge over other alternatives. Coupled with cost efficiency, high operation of flexitanks are the key factors that drives bulk container packaging market.

However, the instability in the prices of raw materials is likely to create hindrances in market growth. The major components used in the production of flexitanks, FICB, and bulk container lining are polyethylene and propylene, which are petrochemical derivatives. Hence the bulk container packaging market is subject to volatility of crude oil prices.

Increasing commodity export in BRICS countries is expected to create an opportunity-rich market for the players of bulk container packaging market.

Area of Segmentation of Bulk Container Packaging Market

The bulk container packaging market is segmented on the basis of product, application, and geography.

Product wise, the market is segmented as flexitanks, Flexible intermediate bulk containers, and bulk container liners. In 2013, FICB held the largest share in the global bulk container packaging market, in terms of revenue. Flexitanks held a smaller segment of the market. However, the flexitanks segment is estimated to enlarge at the highest growth rate among all in the next few years. The bulk container liners segment held around 35% of the total market share in 2013. Application wise, this market is segmented in chemicals, food and beverages, and others.

In 2013, chemicals came out as the largest application segment in the global bulk container packaging market, in terms of revenue. The segment held around 50% of the total market share in 2013 and is expected to grow at a slower rate during 2014 to 2020. It is estimated to remain the largest application in coming future. The second largest segment of the bulk container packaging market was Food and beverages in 2013.

Geographically, the bulk container packaging market is divided into four categories: North America, Europe, Asia Pacific, and Rest of the World.

North America held the largest share of the bulk container packaging market in 2013, and accounted for around 30% of total market share. This was followed by Asia Pacific and Europe for bulk container packaging, in terms of demand, in 2013. While the European market is estimated to grow at moderate rate, Rest of the World is expected to grow at the second fastest growth rate.

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Key Players of the Bulk Container Packaging Market

Braid Logistics, Bulk Liquid Solutions, Shandong Anthente New Materials Technology Co. Ltd., B├╝scherhoff Spezialverpackung GmbH & Co. KG, BLT Flexitank Industrial Co. Ltd., SIA Flexitanks, Qingdao LAF Packaging Co. Ltd., Environmental Packaging Technologies, Inc., Yunjet Plastic Packaging Co. Ltd., Trust Flexitanks, MY Flexitank (MYF), KriCon, Trans Ocean Bulk Logistics Ltd., K Tank Supply Limited. are some of the top players of the bulk container packaging market.

Increasing commodity export in BRICS countries will cater for an opportunity-rich market for the players of bulk container packaging market.

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