At 5.9% CAGR, Asia Pacific Corrugated Bulk Bins Market is Projected to be Worth US$ 10,542.17 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific corrugated bulk bins market was valued at US$ 6,674.39 million in 2023 and is anticipated to reach US$ 10,542.17 million by 2031, recording a CAGR of 5.9% from 2023 to 2031. Rising demand for triple-wall corrugated bulk bins and integration of RFID in the corrugated bulk bins are among the critical factors attributed to drive the Asia Pacific corrugated bulk bins market growth.

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.

On the contrastingly, availability of alternatives hampers the growth of Asia Pacific corrugated bulk bins market.

Based on type, the Asia Pacific corrugated bulk bins market is segmented into single-wall, double-wall, and triple-wall. The triple- wall segment held 55.7% market share in 2023, amassing US$ 3,717.17 million. It is projected to garner US$ 5,987.69 million by 2031 to register 6.1% CAGR between 2023–2031.

By form, the Asia Pacific corrugated bulk bins market is categorized into hinged, totes, pallet, and others. The pallet segment held 43.1% share of Asia Pacific corrugated bulk bins market in 2023, amassing US$ 2,875.05 million. It is anticipated to garner US$ 4,514.77 million by 2031 to expand at 5.8% CAGR during 2023–2031.

In terms of application, the Asia Pacific corrugated bulk bins market is categorized into food & beverages, industrial equipment & parts, construction, electrical & electronics, chemicals, pharmaceuticals, and others. The food & beverages segment held 50.6% share of Asia Pacific corrugated bulk bins market in 2023, amassing US$ 3,374.55 million. It is anticipated to garner US$ 5,440.19 million by 2031 to expand at 6.2% CAGR during 2023–2031.

Based on country, the Asia Pacific corrugated bulk bins market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 52.3% share of Asia Pacific corrugated bulk bins market in 2023. It was assessed at US$ 3,489.84 million in 2023 and is likely to hit US$ 5,685.16 million by 2031, registering a CAGR of 6.3% during 2023–2031.

Key players operating in the Asia Pacific corrugated bulk bins market are DS Smith Plc, Georgia-Pacific LLC, Greif Inc, International Paper Co., Mondi Plc, Packaging Corp of America, Tri-Wall Limited, WestRock Co, Abbe Pty Ltd, and VISY Industries Australia Pty Ltd, among others.

• In 2024, Atlantic Packaging rolls out second-gen beverage carrier packaging.
• In 2024, International Paper Announces Agreement to Acquire DS Smith.

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