In 2023, it is expected that the global intermediate bulk container (IBC) market will be worth US$23.8 billion. Sales of intermediate bulk containers as a whole are anticipated to grow at a 6.9% CAGR from 2023 to 2033, topping US$ 46.2 billion by that year.
The United States is slated to account for 86.7% share of North America intermediate bulk packaging industry in 2033. Total intermediate bulk container sales in the United States reached US$ 3.5 billion in 2022.
Demand remains especially high for plastic intermediate bulk containers. FMI predicts the plastic to expand by 1.9 times by 2033. This is due to their safe and cost-effective features.
Increasing focus on sustainability is influencing the global supply chain, prompting the need for cost-effective and efficient transportation. As such, numerous companies are opting for intermediate bulk container (IBC) solutions to improve the efficiency of their transport operations.
Intermediate bulk containers are made from materials such as plastic, wood, or metal. They can be reused multiple times without compromising their integrity.
IBCs have become popular due to their ability to withstand various environmental conditions. They offer an enhanced level of protection against external damage. These containers also reduce the risk of product contamination.
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IBCs provide an effective way to transport goods across long distances, with minimal handling costs. Rising demand for safe and sustainable packaging options will drive the USA intermediate bulk containers market. This is because IBCs offer a wide range of benefits when compared to traditional packaging methods.
Companies are now looking for cost-efficient and eco-friendly packaging solutions, and IBCs are proving to be an attractive option.
For example, Greif, a leading player in the IBC industry, is investing heavily in research and development to create new and improved products that are tailored to the needs of its customers. These efforts have resulted in products that are sustainable, cost-effective, and easy to use.
Key Takeaways from the Intermediate Bulk Container (IBC) Market
- The global market for intermediate bulk containers (IBCs) is slated to expand at 9% CAGR between 2023 and 2033.
- Total intermediate bulk container (IBC) sales will reach a high of US$ 23.8 billion by 2023.
- In 2033, the global intermediate bulk container (IBC) market is set to reach US$ 46.2 billion.
- Increasing demand for safe and sustainable packaging will drive demand for intermediate bulk containers in the United States.
“As intermediate bulk containers provide numerous benefits over traditional packaging methods, they are gaining immense popularity across the United States,” Says a Future Market Insights Analyst.
Competition Landscape in the Intermediate Bulk Container (IBC) Market
Key companies are investing heavily in research and development to innovate new and improved products tailored according to the needs of specific customers. They are also using various marketing and promotional strategies to increase awareness of their products and increase market share.
MAUSER USA, LLC., Greif, and MultitankTM are key companies in the United States intermediate bulk container (IBC) market.
Recent Developments:
- In December 2022, recapitalization and merging of two suppliers of intermediate bulk containers (IBCs), Bulk Lift International LLC and Bulk Lift International LLC was announced by the private equity company New Water Capital (NWC).
- In March 2018, MaschioPack North America sold its manufacturing assets to MAUSER USA, LLC. With this purchase, MAUSER will be able to increase the size of its intermediate bulk container (IBC) business in North America and give manufacturing assistance to its reconditioning subsidiary, National Container Group (NCG).
Competitive Landscape
Companies operating in the intermediate bulk container market are aiming at expansion and strategic partnerships with other manufacturers to expand their product manufacturing capabilities and global presence.
- In 2020, Mondi, the global packaging and paper group, is investing in its Styria (Austria) plant to further boost its ability to offer safe, clean, and environment-friendly liners for flexible intermediate bulk containers.
- In 2018, Schoeller Allibert’s new foldable intermediate bulk container (IBC), Combo FRUCTUS® was created to meet the expectations of tomato paste and fruit juice industries.
- In 2018, Drewsen New technology developed by Austrian manufacturer Starlinger & Co. GmbH (U.S. office is American Starlinger-Sahm, Fountain Inn, S.C.) can produce woven-tape fabric directly from PET bottle flakes. With Starlinger’s “bottle to bag” technology, woven bags are made directly from recycled material and can be recycled after use.
- In 2017, Conitex Sonoco USA, Inc., a manufacturer and distributor of flexible intermediate bulk container (FIBC) bags, launched BulkSak on-demand, a web-enabled inventory program that provides new and existing customers on-demand access to over 70 types of ready-to-ship FIBC bags.
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Key Segment
By Product:
- RIBC
- Metal
- Paperboard
- Plastic
- Composite
- FIBC
- Flexitanks
- Bags
By Material:
- Metal & Paperboard
- Plastic
- PE
- PP
- PVC
By Content:
- Liquid
- Solid & Semi-Solid
By Capacity:
- RIBC
- Up to 1,000 Ltr.
- 1,000 – 1,500 Ltr.
- Above 1,500 Ltr.
- FIBC
- Up to 500 Kg
- 501 to 1,000 Kg
- 1,001 to 1,500 Kg
- Above 1,500 Kg
By End Use:
- RIBC
- Chemicals
- Petroleum & Lubricants
- Paints, Inks & Dyes
- Food & Beverage
- Cosmetic & Personal
- Healthcare & Pharmaceuticals
- Others
- FIBC
- Chemicals & Fertilizers
- Food & Agriculture
- Building & Construction
- Healthcare & Pharmaceuticals
- Mining
- Others
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By Region:
- North America
- Latin America
- Europe
- MEA
- East Asia
- South Asia
- Oceania
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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