Corrugated Bulk Bins Market - By Load Capacity (More Than 1,500 KG, 1,000 – 1,500 KG, Below 1,000 KG), By Type (Hinged, Pallet Packs), By Format (Triple Wall, Double Wall, Single Wall), By Application & Forecast, 2024 – 2032

Corrugated Bulk Bins Market Size

Corrugated Bulk Bins Market was valued at USD 14.2 billion in 2023 and is anticipated to grow at a CAGR of over 5% between 2024 and 2032.
 

The global shift from plastic & steel containers is gaining momentum, primarily to reduce plastic usage due to its environmental impact. Another significant factor driving this shift is the desire to reduce the cost and weight of bulk product transportation. The additional cost associated with steel containers, such as logistic costs of storage, maintenance and sterilizing of the containers, posed challenges to the companies. To resolve the issue, organizations are building boxes of cardboard that can serve the purpose of packaging goods and meet the requirements of customers.
 

For instance, in January 2023, Mondi Group came up with the solution to replace its stainless-steel containers of Aromsa with TankerBox. The container is a paper-based alternative that aims to increase shipping capacity, streamline transportation, and lower container maintenance.
 

The rising demand for corrugated bulk bins is showcasing the current trends of modern consumers consciousness about the products packaging and avoiding plastics. This trend has been influenced by the newer forms of recycling techniques enabling easier and efficient ways of recycling corrugated materials. The advancement is providing a path to develop durable, lightweight bulk bins that cater to the rising transportation issues with product packaging. Logistics departments are looking for safe and reliable options in packaging bulk products, and this is creating a demand for collapsible and reusable bulk bins that extend the lifecycle and reduce wastage.
 

Corrugated bulk bins offer benefits of reducing weight, minimizing overall transportation cost, and helping in reducing burden on the environment but there is complexity involved for the customization and flexibility as custom design needs to meet specific intricate designs. The requirement of customers, which includes certain sizes, shapes, and strength varies based on the product that is to be packaged. Tailoring the bins as per the dimensions of products requires precise manufacturing, which can hold its sturdiness and provide flexibility during handling & transportation.
 

Corrugated Bulk Bins Market Trends

Innovation in packaging methods under the corrugated bulk bins is witnessing growth in various sectors. Companies are adopting packaging solutions made of cardboard, which fulfills the requirements and meets the standards and regulations set by the government. Governments are keeping control and developing measures for reducing waste of packaging. With platforms, such as the Sustainable Materials Management Program (SMM), there are promotions for reducing packaging wastage and giving preference to green packaging solutions. This is creating a demand for solutions with the least impact on the environment. For instance, in May 2024, DS Smith launched corrugated packaging called DryPack, a seafood box, in North America. This innovative product aimed at replacing non-recyclable Expanded Polystyrene (EPS) foam boxes. The DS Smith DryPack is a no-leak, 100% water-resistant, fully recyclable box that can keep fresh fish below 40° F for over 40 hours in cold chain operations when packed with ice.
 

The rapid surge in the demand for corrugated bulk bins is owing to the rise in online grocery shopping and the latest trends of consumers shifting to e-commerce. Logistics & suppliers need reliable packaging solutions to transfer large amounts of goods securely to places. The food & beverages sectors are seeking the changing preferences of consumers and to tackle this manufacturer are collaboratively working on eco-friendly packaging solutions. To address the recyclability issue in the manufacturing sector, Cascades launched a new closed basket in January 2023 made of recycled & recyclable corrugated cardboard. It is an alternative to food packaging that is difficult to recycle.
 

Corrugated Bulk Bins Market Analysis

Based on type, the market is segmented into hinged, pallet packs, and others. The pallet packs segment represents the fastest growing segment, with a CAGR of over 5.5% between 2024 and 2032.
 

• Pallet packs, which are made from recyclable materials, are in demand due to the rising concerns of environmental impact put by the packaging industry. Businesses in various sectors are under pressure to reduce their carbon footprint, compelling organizations to choose sustainable and green packaging options. The push for greener packaging solutions creates a demand for pallet packs in sectors such as food & beverages and other goods.
   
• The pallet packs provide significant advantages in terms of supply chain & logistics as they are designed in a way for optimal stacking and space utilization. The robustness protects the goods from getting damaged during the transit operation. The ease of handling which the pallet packs provide makes them a preferred choice in sectors where logistics efficiency is required.

Based on the format, the corrugated bulk bins market is segmented into triple wall, double wall, single wall, and others. The triple wall segment dominated the market in 2023 and is expected to reach over USD 10 billion by 2032.
 

• Triple wall corrugated containers are strong, durable bulk containers used to protect large, heavy & delicate products for shipping/display purposes. They possess the strength of wood, but are significantly lighter, creating a cost optimized solution that can be used repeatedly.
   
• As an economic shipping alternative, these corrugated containers with their heavy-duty triple-wall construction are used to protect large, heavy, and delicate products. These products can include produces such as watermelon, cantaloupe, and pumpkins. Combining the triple wall strength with corrugated cardboard that can be customized with generic/customized graphics makes tri-wall packaging an optimal packaging solution for producing shipping and retail display.

The corrugated bulk bins market is experiencing an unprecedented growth in Asia Pacific and is expected to reach USD 6.5 billion by 2032. Asia Pacific has diverse economies & supply chains, and it has created a demand for bulk packaging of products that can be safely transported to varying distances. This demand creation is owing to the rapid urbanization as countries such as South Korea is navigating the efficient utilization the cardboard bins in various sectors which are used for packaging the goods efficiently and cater to the consumer demands.
 

Europe makes strong efforts in reusing and recycling materials, providing opportunities for the countries in Europe to develop recyclable packaging solutions. The UK Packaging Regulations introduced new requirements for packaging producers to collect the amount and type of packaging they place. The UK Packaging Regulations form part of the EPR Packaging Scheme designed to regulate packaging producers and take responsibility for the environmental impact.
 

North America is expanding to a wider scope of sustainable packaging solutions. The growth of online grocery shopping and consumers increasing preferences of using e-commerce platforms bring opportunities for the logistics companies to move toward green packing forms. The corrugated bulk bins are designed based on the load capacity and allow flexibility in handling the bulky goods efficiently. In the U.S International Paper started a new plant for corrugated packaging facility. The plant produces corrugated packaging for diverse customers across produce, processed food, beverages, shipping, distribution, and e-commerce sectors. It offers an innovative and sustainable packaging approach to the customers and facilitates the company in expanding its industrial packaging business in the northeastern part of the U.S.
 

Corrugated Bulk Bins Market Share

International Paper Company and WestRock Company collectively held over 10% share of the corrugated bulk bins industry in 2023. International Paper Company has over 125 years of expertise and creates packaging solutions that protect the goods. The company has a strong focus on recycling & reducing wastage with a variety of heavy duty laminated bulk bins for the efficient packaging of goods. It produces packages that are customizable to design, durable, stackable and moisture resistant.
 

Mondi Group is a packaging and paper group having presence in more than 30 countries with a strong focus on packaging & paper, contributing to a better world by making innovative solutions that are sustainable by design. Mondi’s employees work across 100 production sites and develop solutions that are highly efficient in the barrier factors for the protection of goods.
 

Corrugated Bulk Bins Market Companies

Major players operating in the market are:

• International Paper Company
• Mondi Group
• WestRock Company
• Smurfit Kappa Group
• DS Smith Plc
• Packaging Corporation of America
   

Corrugated Bulk Bins Industry News

• In March 2024, WestRock and Liberty Coca-Cola Beverages successfully installed new equipment at the bottler’s production facility in Philadelphia, seeking to replace an estimated 200,000 pounds of plastic rings used in multipack bottled drinks with recyclable paperboard carriers.
   
• In January 2024, Smurfit Kappa formed a new corrugated plant in North Africa with an investment of around USD 5.1 billion. The plant has a spanning area of 25,000m² where packaging products for clients across industrial, agriculture, fast-moving consumer goods, pharmaceutical, automotive, ceramics, and textiles sectors, along with fish & meat markets are produced and various requirements are addressed.
   

The corrugated bulk bins market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD million) from 2024 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Load Capacity

• More than 1,500 kg
• 1,000 – 1,500 kg
• Below 1,000 kg

Market, By Type

• Hinged
• Pallet packs
• Others

Market, By Format

• Triple wall
• Double wall
• Single wall
• Others

Market, By Application

• Food & beverages
• Pharmaceuticals
• Automotive
• Chemical
• Oil & lubricants
• Building & construction
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA