Growing demand for triple-wall corrugated bulk bins in various industries fuels market growth

From GlobeNewswire: 2024-11-27 07:23:00

A new report from The Insight Partners reveals that the Global Corrugated Bulk Bins Market is experiencing significant growth due to the expansion of the food & beverages industry and the increasing demand for triple-wall corrugated bulk bins. The report delves into market trends, key players, and future opportunities for stakeholders.

The corrugated bulk bins market is projected to reach US$ 22.58 billion by 2031, growing at a CAGR of 5.2%. These bulk containers are used to store and transport various products, including food, industrial equipment, pharmaceuticals, and construction materials. The food & beverages industry, which requires efficient packaging solutions, is a key driver of the market’s growth.

Triple-wall corrugated bulk bins, known for their strength and durability, are in high demand due to their ability to withstand heavy loads and extreme handling conditions. These bins offer superior protection during transportation, reducing the risk of damage. As a result, they are popular in industries such as food & beverages, electronics, agriculture, and pharmaceuticals.

In 2023, Asia Pacific led the corrugated bulk bins market in terms of revenue, followed by Europe and North America. Asia Pacific is expected to maintain the highest growth rate during the forecast period. The market is segmented based on type, form, application, and region to cater to different industry needs and preferences.

Major players in the Corrugated Bulk Bins Market include Ameripak, MK Packaging, Mondi Plc, Smurfit Kappa Group, and more. These companies offer a variety of packaging solutions, including recycled bins, heavy-duty bins, pallets, and totes, to meet the diverse needs of different industries.

The increasing demand for durable bulk packaging solutions, driven by the growth of various industries and the trend of bulk purchases, is propelling the corrugated bulk bins market forward. These bins offer benefits such as bacterial resistance, cushioning properties, and protection against physical damage, making them essential for industries like food & beverages. Triple-wall corrugated bins provide a lightweight yet robust option for material storage and handling, reducing labor costs and improving efficiency.



Read more at GlobeNewswire: Corrugated Bulk Bins Market 2031 Revenue to Reach USD 22.58