Corrugated Bulk Bins Market Analysis

Corrugated Bulk Bins Market Analysis

To get key market trends

  Download Free Sample

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.