Europe Shipping Container Liner Market is Growing with a CAGR of 3.9% in th
The global shipping container liner market is expected to grow significantly in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 3.9% in the forecast period of 2022 to 2029 and is expected to reach USD 2,058.07 million by 2029. The major factor driving the growth of the shipping container liner market is rising prevalence of container liners in food and agriculture and the increased transportation activities.
Container liners can be used to pack all kinds of dry food such as wheat, rice, coffee, legumes, sugar and other foods. For safe, contamination-free packaging, container liners offer a cost-effective, protective and valuable packaging solution.
Rising prevalence of container liners in food and agriculture industry and increased transportation activities are expected to drive the global shipping container liner market Moreover, reusability and cost effectiveness of shipping container liners will propel the growth of the global shipping container liner market. However, high transportation costs and increasing freight rates may hamper the growth of the market.
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Global Shipping Container Liner Market Dynamics
Increased Transportation Activities Requiring Shipping Container Liners
The upsurge in the transportation of goods across the globe has led to the industry's higher demand for shipping container liners. The liners provide safety to the commodities and are highly efficient in loading and unloading. With this increasing transportation, the demand for container liners is also increasing and is expected to drive the market's growth.
Higher Demands Due To The Cost-Effective And Reusability Of Shipping Container Liners
Container liners are composed of high-density polyethylene and polypropylene, enabling end users to use them again. The container liners can be used many times, resulting in cost-effectiveness. Manufacturers provide shipping container liners in various materials, which aids in their cost-effectiveness and quality. Hence, container liners are in high demand due to their cost-effectiveness and reusability, which is expected to drive market growth.
Opportunities
Strategic Initiatives By Leading Organizations
The acceptance and high usage of shipping container liners in the market have increased the demand for the product. To fulfill such demands as per the need of end users related to various applications, it is used for; manufacturers are taking strategic decisions and provide new and innovative products in the market.
Increasing Demands For Large Packaging For Bulk Cargo Commodities
Container liners prevent the contamination of cargo and other products transported after packaging. It shields the bulk cargo from moisture and ensures that the cargo is shipped securely and hygienically. With container liners, very little handling is required in shipping, making all the operations easy. Manufacturers provide container liners in different designs and sizes to transport bulk cargo while ensuring product safety. Hence, the increasing demand for large packaging for bulk cargo commodities might create opportunities for the global shipping container liner market.
Restraints/Challenges
High Costs For Transportation
Due to this increased pricing in the transportation of goods, the shipping industry gets affected overall. Empirical evidence underlines that raising transport costs by 10% reduces trade volumes by more than 20%. High transportation costs impact the structure of economic activities and international trade, ultimately affecting the demand for shipping container liners
Stringent Environmental Regulations
Due to many stringent rules and regulations, manufacturers think twice before indulging in such a business where many rules and regulations are to be followed while maintaining the proper guidelines. This serves as a major challenge for the shipping industry and ultimately affects the global shipping container liner market
Post-COVID-19 Impact on Shipping Container Liner Market
COVID-19 has affected the market to some extent. Due to the lockdown, the manufacturing and production of many small and large companies were halted as well as the demand for shipping container liner decreased as shipping and transportation activities were severely affected due to quarantine measures, which influenced the market. Due to the change in many mandates and regulations, manufacturers can design and launch new products in the market, which will help the market's growth.
Recent Development
United Bags Inc. has partnered with a recycling company which sets up baling machines, and periodically picks up the used FIBCs at no cost from the customers. Participants in this initiative receive certification stating that all their FIBCs have been recycled, causing no harm to the environment
Global Shipping Container Liner Market Scope
The global shipping container liner market is categorized based on type, and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
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https://www.databridgemarketresearch.com/reports/europe-shipping-container-liner-market
Type
Polypropylene (PP) Container Liners
polyethylene (PE) Container Liners
Others
Application
Food And Beverages
Chemicals
Minerals
Agricultural
Others
Competitive Landscape and Global Shipping Container Liner Market Share Analysis
Some of the prominent participants operating in the global shipping container liner market are UNITED BAGS, INC., Bulk Corp International, Nier Systems Inc., Rishi FIBC Solutions PVT. Ltd., Dev Ventures India Pvt. Ltd., Ven Pack, BERRY GLOBAL INC., Bulk Handling Australia, Eceplast, Greif., LC Packaging, Thrace Group, CDF Corporation, Composite Containers, LLC, INTERTAPE POLYMER GROUP, and BULK FLOW among others.
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