Global Bulk Liquid Market Size, Drivers, Trends, Opportunities And Strategies – Includes Global Bulk Liquid Market Forecast
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Increasing production and consumption of chemicals are expected to drive innovation in bulk liquid manufacturing, thus driving the market during the forecast period.
The global bulk liquid market is expected to grow from $55.35 billion in 2022 to $59.44 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The global bulk liquids market size is expected to grow to $76.93 billion in 2027 at a CAGR of 6.7%.
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- By Liquid Type: Edible liquids, Non-Edible liquids
- By End Use: Chemical, Dairy, Beverages, Other End Users
- By Properties: Flammable, Non-Flammable
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global bulk liquid market in 2021.
Major Market Players in the bulk liquid market include Tankstar USA, Kenan Advantage Group Inc., Foodliner, Quality Distribution, Trimac Transportation Services, Heniff Transportation Systems.
Electronic logging devices (ELD) are increasingly being adopted by the trucking industry to regulate the working hours of truck drivers. An electronic logging device is a technology used by drivers of commercial motor vehicles (CMVs) to automatically record driving time and hours of service (HOS) records, capturing data on the vehicle’s engine, movement, and miles driven. Increased digitization and the use of telematics technology are also boosting growth in the market. The USA was an early adopter of this technology and has mandated ELD for all commercial vehicles. For instance, in July 2022, according to Geotab Inc., a Canada based telematics solutions company, Canada mandates the use of ELD for all motor vehicle commercial motor vehicle drivers to record drier and vehicle activity.
The Bulk Liquid Global Market Report 2023 provides a bulk liquid market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The bulk liquid market forecast analyzes bulk liquid market size, bulk liquid market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Bulk liquids are liquids that travel in large quantities commercially but typically exclude petroleum products such as hazardous chemicals, slurries of raw materials used in various industry applications, and construction materials used in larger industrial operations.
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