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Global Corrugated Bulk Bins Market: Overview

Products in the global corrugated bulk bins market are widely used and industrially preferred owing to their features such as increased safety, enhanced durability, higher sustainability, logistical convenience, low cost, and high strength. Increasing usage of online sales channels and rapid adoption of the online retail networks are creating considerable opportunities in the global corrugated bulk bins market. Players in the global corrugated bulk bins market are providing new age solutions that feature integrated packaging solutions such as value added design, integration services, after sales support, and engineering services.

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Global Corrugated Bulk Bins Market: Major Trends and Drivers

Rising demand from various end use industry verticals including pharmaceutical as well as food and beverage is anticipated to motivate the sales in the global corrugated bulk bins market in coming years. Some other notable drivers for the products and solutions in the global corrugated bulk bins market include rapid growth of the modern retailing sector, considerable acceleration in industrial activities, and rising consumer income in emerging and developing economies. Furthermore, panic buying as well as bulk stocking was observed during the COVID-19 pandemic. This, combined with rising number of people ordering fresh food and daily staples through online channels has increased in demand for bulk packaging solutions. This trend is also expected to foster the development of the global corrugated bulk bins market.

Furthermore, rising demand for the products in the global corrugated bulk bins market in pharmaceutical and healthcare industries is also expected to support the expansion of the industry in coming years. Moreover, rising trend of producing recyclable corrugated bulk bins is also motivating growth in the global corrugated bulk bins market. Rising regulations restricting the overuse of non-biodegradable materials in several regions, including Europe and North America is also boosting the demand in the global corrugated bulk bins market. However, the availability of low priced alternatives and substitutes may restrict the growth in global corrugated bulk bins market in coming years.

Global Corrugated Bulk Bins Market: Key Players and Manufacturers

Few of the major and leading players and manufacturers operational within the global corrugated bulk bins market include Greif Inc., International Paper Company, Sonoco, West Rock Company, and Mondi, among others. Players and manufacturers in the global corrugated bulk bins market are engaged in various growth strategies to capture a larger share in the industry in coming years. Some of these strategies include mergers and acquisitions and new product launches. Players in the global corrugated bulk bins market are also focused on developing low cost, environmentally friendly, and sustainable solutions for end users dealing with production of food, chemicals, pharmaceuticals, and tobacco products.

For example, Grief, Inc., acquired a minority stake of the Centurion Container LLC in April of 2020. This acquisition is aimed at expanding the Grief Inc.’s intermediate bulk container or IBC reconditioning network in region of North America. As a response to COVID-19 pandemic, International Paper Company committed a donation of 2 million corrugated bulk bin boxes to hunger relief organizations in North America in May of 2020.

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Global Corrugated Bulk Bins Market: Regional Assessment

Regionally, Asia Pacific held the largest share in the global corrugated bulk bins market in recent past. It is also expected to exhibit considerable growth in coming years. Some of the key drivers for the expansion of the global corrugated bulk bins market in Asia Pacific include improvements in global economy, increasing regional demand for convenience and ready to eat packaged food products, and increasing working population in the region. Furthermore, rising demand from regional industries such as food, chemical, consumer goods, automotive, and pharmaceutical are also expected to bolster the growth trajectory of the global corrugated bulk bins market in Asia Pacific in coming years.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Corrugated Bulk Bins Market