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Corrugated Bulk Bins Market Trends

  • Report ID: GMI10290
  • Published Date: Jul 2024
  • Report Format: PDF

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.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for corrugated bulk bins was valued at USD 14.2 billion in 2023 and is anticipated to grow at over 5% CAGR between 2024 and 2032, driven by the need to reduce plastic usage.

The pallet packs segment of the corrugated bulk bins market will expand at over 5.5% CAGR between 2024 and 2032, due to the rising concerns of environmental impacts put by the packaging industry.

Asia Pacific corrugate bulk bins market is expected to reach USD 6.5 billion by 2032, driven by rapid urbanization.

International Paper Company, Mondi Group, WestRock Company, Smurfit Kappa Group, DS Smith Plc, and Packaging Corporation of America among others.

Corrugated Bulk Bins Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 346
  • Countries covered: 21
  • Pages: 220
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