The North American market for inner bulk liners is poised for steady and robust growth from 2022 to 2032. Analysts from Future Market Insights forecast that by 2022, North America’s share in the global inner bulk liners industry will reach 21%. This region is expected to experience significant expansion in terms of industry share and revenue, driven by the escalating demand for inner bulk liners.
The growth can be attributed to the rising adoption of automation within the food and beverage industries in North America, a factor that positions the region at the forefront of the global inner bulk liners market. This surge reflects the evolving needs of industries in the region, fostering a promising outlook for inner bulk liners.
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The global Inner bulk liners market is expected to be valued at US$ 2,196.1 Million in 2022, expected to reach US$ 3,645.9 Million by 2032. A CAGR worth 5.2% is expected for the market during the 2022-2032 forecast period.
Inner bulk liners are utilized in large multilayer bags, corrugated boxes, multilayer paper bags, and woven sacks. The inner bulk liners are tightly sealed and leak-free. Inner bulk liners provide a solid barrier against pests, insects, and other external pollutants. Manufacturers can rely on inner bulk liners to keep their food or beverage products fresh and tasty for a long time. These are the primary drivers of this market.
Key Points:
- industry Growth Projection: The global Inner bulk liners industry is expected to grow from US$ 2,196.1 million in 2022 to US$ 3,645.9 million by 2032, with a CAGR of 5.2% during the forecast period.
- Versatile Application: Inner bulk liners find utility in various packaging formats, including multilayer bags, corrugated boxes, multilayer paper bags, and woven sacks, making them adaptable to different industries and products.
- Effective Sealing: These liners offer secure and leak-free sealing, ensuring the protection and integrity of the packaged goods.
- Barrier Properties: Inner bulk liners act as a robust barrier against pests, insects, and external contaminants, providing a safeguard for the quality and freshness of food and beverage products.
- Long Shelf Life: Manufacturers rely on inner bulk liners to extend the shelf life of their products, ensuring that they remain fresh and appealing to consumers over an extended period.
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What are the Major Factors Boosting the Inner Bulk Liners Industry?
The global demand for customized packaging solutions is propelling the expansion of the inner bulk liners market. The liberalization of numerous closed economies’ international trade laws, together with increased exports and imports of FMCG & FMCD products (fast-moving consumer goods and fast-moving consumer durables), is also contributing to the rapid expansion of the inner bulk liners industry.
The proliferation of e-commerce firms around the world necessitates safe and timely logistic services. Inner bulk lines improve product safety in fast-moving vehicles as well as during loading and unloading of goods, increasing market growth. Because of the greater humidity management of the inner bulk liners, it is suitable for water transport of commodities and thereby contributes to global market growth.
Market Competition
The leading competitors in the global intermediate bulk container (IBC) liners industry are now focused on strategies such as product innovations, mergers and acquisitions, new advancements, collaborations, joint ventures, and partnerships to strengthen their market position.
The key players of this market include Tufbag, Marsol Group, Bulk-Flow, Thrace Group, Vishakha PolyFab Pvt. Ltd.
- In September 2020, Amcor PLC collaborated with Swiss food giant Nestle to launch a breakthrough packaging solution in the recyclable packaging domain. The product in question is a recyclable retort pouch for cat food, expected to accrue an improvement of nearly 60% of the environmental footprint in consumer packaging.
- In July 2020, CDF Corporation received a UN recertification for its fiberboard box with a plastic bag combination package, providing the highest levels of protection for transporting hazardous products requiring class II and III packaging. The packaging box underwent four rigorous performance tests, including drop, stacking vibration and Cobb water absorption.
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Key Companies Profiled
- Tufbag
- Marsol Group
- Bulk-Flow
- Thrace Group
- Vishakha PolyFab Pvt. Ltd.
Key Segmentation:
By Product Type:
- Stand-up Pouches
- Spouted Pouches
- Zipper Pouches
- Others
By Material Type:
- Polyethylene terephthalate (PET)
- Polyester
- Polypropylene
- Food-Grade Cast Polypropylene
- Nylon
- Other
By End Use:
- Food
- Pet food
- Baby food
- Sea food
- Ready-to-eat meals
- Soups & Sauces
- Others
By Application:
- Beverages
- Pharmaceutical
- Personal care
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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