Bulk container packaging market to reach US$ 4.21 Bn in 2020
Transparency Market Research has published a new report titled “Bulk Container Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.” According to the report, the global bulk container packaging market was valued at US$ 2.22 Bn in 2013 and is anticipated to reach US$ 4.21 Bn by 2020, expanding at a CAGR of 9.7% between 2014 and 2020.
Increase in exports of oil and fat from Southeast Asia coupled with growth in wine trade across the globe is projected to drive the bulk container packaging market. Furthermore, high carrying capacity of flexitanks that enhances cost and operational efficiency is estimated to boost the market.
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