A dispensing container (10, 110) for fluent material, which container is intended to he hung vertically from a support, such as a hook, is provided. The dispensing container has a tubular body, with a bottom dispensing region that is configured to promote the collection of the fluent material and guidance of the fluent material toward the inlet aperture of a dispensing nozzle (50) that is received in the side (30, 130) of the bottom dispensing region. The dispensing container (10, 110) is preferably fabricated from corrugated paperboard or similar material, and is preferably configured to serve as the shipping container for the fluent material as well, so as to reduce or eliminate the need for a further outer shipping container. The fluent material may be contained within a separate liner structure, within the surrounding tubular body, in a "bag-in-box" type of container arrangement.