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Corrugated Bulk Bins Market Size
- Report ID: GMI10290
- Published Date: Jul 2024
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Corrugated Bulk Bins Market Size in 2023: | USD 14.2 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 20 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 346 |
| Segments covered: | Load Capacity, Type, Format, Application, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
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Corrugated Bulk Bins Market Scope
