With the exponentially increasing industrial output, demand for packaging, particularly bulk packaging has increased significantly where laminated bulk bins market finds lucrative opportunities. As laminated bulk bins are made up of either paperboard or plastic, they find extensive application in the food & beverage, electronics & electrical, and pharmaceutical sectors. Growing reliance on the paperboard packaging solution amidst the trend of eco-friendly packaging is one of the prominent factor driving the progress of the laminated bulk bins market.
A wide range of laminated bulk bins is available in the market such as single walled, double walled, and heavy duty laminated boxes to suit a broad client base. Mushrooming SMEs have increased warehousing spaces where heavy duty and foldable laminated bulk bins are highly sought after which serves benefits in terms of saving time, handling efforts, cost, and reduced product damage. This, in turn, assists in maximizing the overall warehousing efficiencies.
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Global Laminated Bulk Bins Market: Historical Analysis
Bulk packaging has made it possible for the shipping industry to transport the products without being heavy on their pockets. Earlier, a crew of 1000 people was required for the shipping purposes but with the advent of bulk containers, a maximum of 21 crew members are enough. This has significantly reduced the shipping costs and in turn has created revenue opportunities for the end use industries. Bulk containers have generated a great level of productivity for the shipping industry and has also helped them achieve subtle profitability.
Along with this, the containers used in the intermodal transportation earlier posed problem for the crew during the loading and unloading process which lead to delays as well as increment in the costs. Laminated bulk bins on the other hand are easy to be handled which makes them to be used extensively for intermodal transportation purpose. Intermodal transportation demands bulk containers that reduce the time during the transportation mode change and are cost effective too, so that extra charges are avoided. This ultimately propels the demand of the global laminated bulk bins market.
Global Laminated Bulk Bins Market: Tier Analysis
Key players under the Tier 1 category having a market share between 3%-5% are International Paper Company and WestRock Company. Players in the Tier 2 category have a market share between 1-3%, this category includes J Hill Container Company, Inc. and Bulk Handling Australia. Other players in the Tier 3 category are Elsons International etc.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
Global Laminated Bulk Bins Market: Segmentation
The global Laminated Bulk Bins market is segmented on the basis of material type, end use, and geography.
On the basis of material type, the global laminated bulk bins market is segmented into
- Corrugated Paper
- Kraft Paper
Paper segment is expected to lead the global laminated bulk bins market in terms of material type. The high adoption ratio of paper based laminated bulk bins is also attributed to their recyclability as compared to the plastic based laminated bulk bins.
On the basis of end use, the global laminated bulk bins market is segmented into
- Food & Beverages
- Electronics & Electricals
Food & beverages end user is expected to account for the largest market share in the global laminated bulk bins market. The growth can be attributed to high demand for the fresh produce bulk transportation for exports and imports.
On the basis of region, the global laminated bulk bins market is segmented into
- North America
- Latin America
- Middle East & Africa
- Asia Pacific