Businesses to Gain from RFID-enabled Bulk Chemical Packaging, Projects Study

Autoclaved Aerated Concrete (AAC) Market

Pharmaceuticals and chemicals will continue to remain both fastest growing and largest in the bulk chemical packaging market. With rapidly increasing availability of bigger reusable container such as RIBCs (Rigid Bulk Packaging) and FIBCs (Flexible intermediate bulk container), demand for bulk chemical packaging continues. Future Market Insights (FMI) projects that non-traditional chemical producers are increasing the usage of bulk chemical packaging containers, underpinned by strong growth of chemicals industry.

Drums To Witness Demand Fluctuations

Recent study by FMI predicts that sustained development in the output of chemical products, especially in the fast-growing economies such as Vietnam, Indonesia, India and China is likely to boost demand for drums in bulk chemical packaging market. Despite a largely favorable outlook with constant expansion of global economy, prospects for drums in the bulk chemical packaging market will be tempered by the growing competition from large-capacity IBCs and fiber drums are likely to lose market share both to the other drum types as well as to the alternative packaging formats available in the bulk chemical packaging market.

Intermediate Bulk Container (IBC) Prove Significantly Lucrative

Companies such as Mauser is taking immense efforts in acquiring MaschioPack, for expanding its IBC footprint. Apart from this, Grief Company has recently launched its new multi-million euro IBC plant in Netherlands for offering its customer-base with cutting-edge IBC technologies available, with growing focus on food industry. Moreover, this bulk chemical packaging company has also taken efforts in launching GCUBE® Shield for IBC’s that provides revolutionary barrier protection along with enhanced operational performance, shelf-life and product stability.

RFID Technology to Remain Trending

Reusable packaging solutions including IBCs are progressively implemented along with trace and track technologies such as RFID (radio-frequency identification). The innovative bulk chemical packaging technology not only helps manufacturers in tracking IBCs but also enhances their servicing effectiveness, thereby managing accurate supply capabilities. Suppliers and manufacturers of IBCs are constantly facing challenges arising from delay in supply of the IBCs. Validating availability of the IBCs by means of the innovative bulk chemical packaging technology, enables the manufacturers in avoiding unnecessary costs related to the expendable form of the packaging solutions. With growing usage of RFID technology in bulk chemical packaging market, suppliers can avoid confusions leading to the poor business relationships.

Furthermore, the innovative bulk chemical packaging technology has benefitted suppliers and manufacturers with effective cost saving tools for consumers. End-users availing IBCs for shipping products such as the agricultural produce and food ingredients can save costs, thereby eliminating the physical counting of inventories with the implementation of RFID tags for controlling and managing the overall inventory. Efficient functionality has encouraged various IBC manufacturers for making heavy investments in the innovative bulk chemical packaging technology, in order to enhance customer service as well as to save the overall operational costs.

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About Abhishek Budholiya 83 Articles
Abhishek Budholiya is a tech blogger, digital marketing pro, and has contributed to numerous tech magazines. Currently, as a technology and digital branding consultant, he offers his analysis on the tech market research landscape. His forte is analysing the commercial viability of a new breakthrough, a trait you can see in his writing. When he is not ruminating about the tech world, he can be found playing table tennis or hanging out with his friends.