PUBLISHER: The Insight Partners | PRODUCT CODE: 1741933
PUBLISHER: The Insight Partners | PRODUCT CODE: 1741933
The Europe corrugated bulk bins market was valued at US$ 3,888.16 million in 2023 and is projected to reach US$ 5,731.06 million by 2031; it is estimated to record a CAGR of 5.0% from 2023 to 2031.
Rising Demand for Triple-Wall Corrugated Bulk Bins Drives Europe Corrugated Bulk Bins Market
Triple-wall corrugated bulk bins are made with three layers of corrugated cardboard. As a result, they offer superior strength, durability, and protection compared to single- or double-wall bins. Moreover, with such high structural integrity, these bins can withstand heavy loads and extreme handling conditions compared to other types of corrugated bulk bins. Fast-moving consumer goods are subject to various stresses during long-distance transportation, where utilization of triple-wall bins is necessary to provide robustness to prevent damage. Triple-wall bins ensure safe and secure transportation of bulky and heavy components used or produced in the automotive and industrial sectors, reducing the risk of damage. Triple-wall corrugated bins also exhibit superior stacking strength, allowing for more efficient use of warehouse space. Thus, this type is also preferred in industries such as food & beverages, electronics, agriculture, and pharmaceuticals.
The need for durable and reliable bulk packaging solutions is rising with the rapid growth of various industries globally, and the advancing trend of bulk purchases and shipping. Triple-wall corrugated bins meet the demand by providing strength and protection for large-volume shipments. The cost-effectiveness, sustainability, customization, and logistical advantages contribute to the growing popularity of triple-wall corrugated bulk bins across various industries. Moreover, these bins provide a lightweight option compared to alternative materials such as wood or metal, which makes their handling easy and reduces further labor costs.
Europe Corrugated Bulk Bins Market Overview
Spain, Poland, the Netherlands, Denmark, Norway, Sweden, Greece, and Belgium are among the major countries in the corrugated bulk bins market in the Rest of Europe. Spain is one of the largest European markets for chemicals. According to the European Union, the chemicals industry in the country represented 6.1% of its GDP as of 2023. The burgeoning demand from end-user industries such as food & beverage, electrical and electronics, chemicals, and pharmaceuticals drives the demand for corrugated bulk bins in the Rest of Europe as a secured and safe packaging product to ensure product safety and avoid physical damage.
Europe Corrugated Bulk Bins Market Revenue and Forecast to 2031 (US$ Million)
Europe Corrugated Bulk Bins Market Segmentation
The Europe corrugated bulk bins market is categorized into type, form, application, and country.
Based on type, the Europe corrugated bulk bins market is segmented into single-wall, double-wall, and triple-wall. The triple-wall segment held the largest market share in 2023.
In terms of form, the Europe corrugated bulk bins market is categorized into hinged, totes, pallet, and others. The pallet segment held the largest market share in 2023.
By application, the Europe corrugated bulk bins market is segmented into food & beverages, industrial equipment & parts, construction, electrical & electronics, chemicals, pharmaceuticals, and others. The food and beverages segment held the largest market share in 2023. Furthermore, the food & beverages segment are sub segmented into fresh produce, poultry meat & seafood, packaged foods, tobacco, and others.
By country, the Europe corrugated bulk bins market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe corrugated bulk bins market share in 2023.
DS Smith Plc, Georgia-Pacific LLC, Greif Inc, Indevco Paper Containers, International Paper Co, Mondi Plc, Smurfit Kappa Group Plc, Tri-Wall Limited, WestRock Co, and VISY Industries Australia Pty Ltd are some of the leading companies operating in the Europe corrugated bulk bins market.