Global Corrugated Bulk Bins Market By Type (Pallet Packs, Hinged, Totes), By Format (Single-Wall, Double Wall, Triple Wall), By Load Capacity (Below 1000 KG, 1000-1500 KG, More Than 1500 KG), By Application (Food & Beverage, Automotive, Pharmaceutical, Chemical, Oil & Lubricant, Building & Construction), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

Corrugated bulk bin boxes, also known as Gaylord boxes, are made up of corrugated cardboard, which is a highly preferred packaging material due to its improved versatility, recyclability, and sustainability. Manufacturers adopt these packaging materials over traditional materials. Corrugated bulk containers are made from natural renewable sources, including craft papers, old corrugated containers, mixed papers, and old newspapers.

All these materials are diverted from solid waste streams. The waste generated out of these corrugated bulk bins packaging is recyclable, thereby saving many landfill spaces. Thus, it offers a ripple effect that lowers energy and water consumption levels when manufacturing these materials.

Detailed Segmentation

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The Global Corrugated Bulk Bins Market Segmentation is based on Type, Format, Load Capacity, Application, and Regions.

Based on Type

• Pallet Packs
• Hinged
• Totes
• Other Types

Based on Format

• Single-Wall
• Double Wall
• Triple Wall
• Other Formats

Based on Load Capacity

• Below 1000 KG
• 1000-1500 KG
• More Than 1500 KG

Based on Application

• Food & Beverage
• Automotive
• Pharmaceutical
• Chemical
• Oil & Lubricant
• Building & Construction
• Other Applications

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics

The increase in demand for this product due to its recyclability feature is a major factor driving the economic growth of the global corrugated bulk bins market. Market growth indexed by the food & beverage and electronic goods industries, as well as the surge in the demand for branded and packaged products, have accelerated the revenue growth of the global corrugated bulk bins market. The increased use of corrugated bin boxes by beverage manufacturers because of its improved safety levels shipment these boxes provide, as well as an overall increase in consumer awareness levels toward safe packaging of products further contribute to the revenue growth of the global corrugated bulk bins market.

Additionally, a spike in the demand for bulk packaging from the chemical industry, increasing consumer spending for packaged products, the rapid expansion of e-commerce industries, improving economic conditions of developing countries, rapid urbanization levels, and a surge in disposable incomes, are some major factors that are expected to continue to positively affect the corrugated bulk bins market.

Furthermore, continual product innovations for industrial packaging, as well as catering to globalization requirements, and favorable international trade is expected to generate a greater number of profitable opportunities for global corrugated bulk bins market players over the forecast period.

On the other hand, the availability of low-cost alternatives and fluctuations in raw material prices are elements expected to hamper the corrugated bulk bins market’s revenue growth. The implementation of stringent packaging regulations, as well as pricing pressure on small-scale manufacturers, are also projected to create challenges for the corrugated bulk bins market.

Key players:

• Greif Inc.
• WestRock Company
• International Paper Company
• Mondi Plc
• Sonoco Products Company
• Elsons International
• Emenac Packaging USA
• Larsen Packaging Products Inc.
• Smurfit Kappa Group Plc
• Orora Limited

Recent Developments

• Greif Inc. announces a USD 70/ton price increase on all Uncoated Recycled Paperboard (URB) grades, and an 8.5% increase on tube and core as well as protective packaging products.
• Westrock introduces EverGrow™, a fiber-based produce packaging collection.
• International paper acquires two corrugated packaging plants in Spain.
• Mondi rolls-out its range of sustainable corrugated packaging solutions for booming online grocery delivery services across Central Europe.
• Mondi expands its range of plastic-free e-commerce packaging with MailerBAG.
• Sonoco Partners with AMP Robotics to enhance paperboard cans recycling.
• Smurfit Kappa announces a new e-commerce packaging laboratory in the UK, extending its portfolio of industry leading facilities.

For the Corrugated Bulk Bins Market research study, the following years have been considered to estimate the market size: