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Industrial Bulk Packaging Market by Type(Drums, IBC, Pails, Totes/ Cracks, Others) by Distribution Channel(Chemicals & Petrochemicals, Food & Beverages, Pharmaceuticals, Others) : Global Industry Size, Share, Statistics and Forecast 2015 - 2027

Industrial Bulk Packaging Market Analysis

Industrial bulk packaging protects and secures products and goods to store or ship to consumers. Bulk packaging is typically used at production plants for packaging goods right after they are produced but can be used at different supply chain points.  

Industrial bulk packaging is mainly used for products sensitive to external conditions or requires highly stable and secure transport. This could mean products that could be hazardous, sensitive, or products that contain components that are sensitive to each other.


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The Global Industrial Bulk Packaging market is expected to witness a CAGR of 4.57% during the forecast period. The revenue generated by the global Industrial Bulk Packaging market in 2020 was over USD 20 billion and is expected to generate revenue worth USD 30.42 million in 2027. Therefore, the incremental growth opportunity offered by the global Industrial Bulk Packaging is estimated to be USD 189 billion between 2021 and 2027.    

Interesting Facts about Industrial Bulk Packaging Industry

  • International trade has reached over USD 15 trillion per annum
  • International trade is likely to grow 10% in 2021
  • The Chemical and Pharmaceutical industries are the largest end-users of Industrial Bulk Packaging
  • Chemical industry shipment has reached close to USD 4 trillion per annum
  • The Industrial Bulk Packaging market is highly fragmented, with a large number of players across the world
  • Industrial Bulk Packaging is available in the form of IBC, Drums, Pails, Totes/ Cracks, and Others

Huge Demand from Chemical Industry

There are lots of different driving factors in the industrial bulk packaging market. The major driving factor is the rising demand for industrial packaging in the chemical and construction industries. Products like chemicals and petroleum are boosting the demand for industrial packaging significantly. In addition, the increasing trade among countries for different products requires safe and secure packaging over long distances and times, which is also expected to drive the growth of this market. 

Advancement in Supply Chains

Manufacturers and companies globally are trying to improve their supply chains ultimately. This includes trying to reduce logistical costs, costs of raw materials, and improving the overall efficiency of their supply chain. This is expected to drive investments to fuel innovations in this industry, which will be a crucial factor over the forecasted period.

Intermediate Bulk Containers (IBC) Poised to Play Key Role in Future Growth

Intermediate bulk containers are a crucial segment in the industrial bulk packaging market that is expected to experience the highest growth over the forecasted time. Intermediate bulk containers, or IBCs for short, are the main kind of packaging used to store and transport materials like oil, gas, chemicals, and petroleum. IBCs have many benefits like multiple uses, large storage capacities, and their usability with various industrial materials and products, all while lowering the overall packaging costs are the reasons behind the expected growth of this industry. 

Fluctuations in Raw Materials Prices

The most significant restraining factor in the industrial bulk packaging market is constantly changing prices for raw materials. One of the primary materials used in industrial bulk packaging is polypropylene. The primary materials used to manufacture polypropylene are naphtha and ethylene, which require crude oil and natural gas. This means the costs of raw materials used in the industrial packaging process are very volatile, which can adversely affect this market's growth.  

Another crucial factor that may hamper the growth of this market is the rising concerns over recycling and the environmental impacts of plastic globally. Industrial bulk packaging is a significant source of plastic found in oceans and landfills worldwide. Governments are working hard to reduce the use of plastic in every way, and new rules and regulations are being placed to promote the manufacture of products in more eco-friendly ways. These factors will play a significant role in the industrial bulk packaging market over the forecasted time period. 

Use of Environmentally Sustainable Raw Materials

The packaging industry is expected to adopt and switch to using biodegradable and environmentally friendly materials over the forecasted period. As a result, there is an increasing demand for reusable, sustainable, and returnable bulk packaging in the industry, and market players are working hard to stop plastic-based products.

The Asia Pacific to Dominate the Market

The Industrial Bulk Packaging market is dominated by the Asia Pacific, with over 30% share in 2020. Strong growth in the Asia Pacific results from huge industrialization in China, India, South Korea, and Japan. In addition, a strong increase in the share of international trade resulted in the growing demand for Industrial Bulk Packaging in the region. China has become a manufacturing hub for chemicals, pharmaceuticals, and many other industrial commodities. This, in turn, fuelling the demand for Industrial Bulk Packaging. While U.S., Germany, France, UK, and Italy face sluggish growth.

Frequently asked questions about the market

Likewise other industries, COVID 19 also taken a toll on Industrial Bulk Packaging market with around 10.59% decline in 2020 in its revenue as compare to 2019

Asia Pacific is the largest regional market with highest share in the total volume of Industrial Bulk Packaging consumed in 2020

Ever increasing international trade and strong growth of end-user industries including chemicals and pharmaceuticals

Drums segment dominated the Industrial Bulk Packaging market in 2020 with over 25% share in 2020

Chemicals & petrochemicals was the largest application of Industrial Bulk Packaging in 2020 with over 35% share

Industrial Bulk Packaging Market Scope

Report Attribute Details
Market Value in 2020 USD 20.23 Billion
Market Value in 2027 USD 30.42 Billion
CAGR 4.57% between 2021 and 2027
Benchmarking Year 2020
Past data 2016 – 2019
Forecast period 2021 – 2027
Report coverage Market Size Valuation, Share Analysis and Growth Rate by Segments such as Type and Application, Company Share, Competitive Landscape and Trends Analysis
Segments covered





Totes/ Cracks



Chemicals & Petrochemicals

Food & Beverages



Regional scope North America (U.S., Canada and Mexico), Europe (Russia, Spain, Italy, Germany, France, UK, Poland, Belgium, Netherland, Sweden, Denmark, Austria, etc.), Asia Pacific (India, South Korea, China, Japan, Taiwan, Singapore, Vietnam, Thailand, Indonesia, Malaysia, Australia, etc.), Latin America (Peru, Chile, Colombia, Brazil, Argentina, etc.), Middle East (KSA, UAE, Israel, etc.) & Africa (Egypt, Nigeria, South Africa, East African Community, etc.)
Major Players Analysed Cleveland Steel Container, Peninsula Drums, Hoover Ferguson Group, Inc., International Paper, Myers Container, Grief, Time Technoplast Ltd., BWAY Corporation, Composite Containers LLC and Eagle Manufacturing Company
Portfolio Analysis All major products and brands are mapped with benchmarking
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Published Date:  Dec 2021
Category:  Packaging
Report ID:   60462
Report Format:   PDF
Pages:   135
Rating:    4.5 (38)
Delivery Time: 24 Hours to 48 Hours   
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