The global intermediate bulk container (IBC) market is set for significant growth, with the market value projected to increase from US$ 23.8 billion in 2023 to US$ 46.2 billion by 2033. This growth is expected to be driven by several factors and is anticipated to exhibit a compound annual growth rate (CAGR) of 6.9% during the period from 2023 to 2033.
One of the key drivers behind the growth of the IBC industry is the increasing import and export of essential commodities such as pharmaceuticals, food and beverages, fertilizers, and petroleum on a global scale. As trade volumes rise, the demand for reliable and secure bulk packaging solutions, such as IBCs, also increases.
Intermediate bulk containers are preferred for the storage and transportation of large quantities of solid, semi-solid, and liquid products due to their convenience, safety, and cost-effectiveness. Industries like food and beverage, pharmaceuticals, and chemicals are adopting bulk packaging options, leading to a surge in demand for IBCs throughout the forecast period.
The use of intermediate bulk containers offers highly cost-effective packaging alternatives that ensure products reach their destination in their original condition. This is particularly beneficial for products facing challenges in international trade or export due to the lack of suitable and effective packaging solutions. As businesses explore untapped markets for product exports, opportunities for the expansion of the IBC market are expected to arise.
Furthermore, the demand for IBCs is also driven by the need for modern containers capable of transporting large volumes of liquids. There is also a shift towards reducing packaging waste through the use of reforming rigid IBCs. Flexible intermediate bulk containers (FIBCs), in particular, are gaining popularity due to their long shelf life and lightweight nature, making them a preferred choice for exporting food products over alternatives such as corrugated boxes.
Uncover untapped opportunities in the market! Download the Sample Report for valuable growth insights @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2036
Key Takeaways from Intermediate Bulk Containers (IBC) Market
- By product type, the flexible IBC segment is likely to hold around 94% market share by the end of 2033.
- Based on material, plastic segment will continue to dominate the global intermediate bulk container (IBC) market during the next decade.
- In terms of content, solid & semi-solids segment is forecast to showcase an incremental opportunity of US$ 20.3 billion, during the assessment years.
- By end use, chemicals sub-segment in RIBCs category is estimated to create an incremental opportunity of US$ 1.2 billion during the projection period while food and agriculture sub-segment of FIBCs category is estimated to create an incremental opportunity of US$ 8.4 billion by the end of 2033.
- Europe is forecast to remain at the leading position and hold around 1/3rd share of the global market during the assessment period.
- With increasing manufacturing activities, East Asia and South Asia markets are estimated to witness a gain of 250 bps and 140 bps of current market share respectively by 2033.
- The U.S. intermediate bulk container (IBC) market reached US$ 3.5 billion in 2022 and it is expected to hold 7% share of North America market by 2033.
- China’s intermediate bulk container market is forecast to exhibit a CAGR of 5% between 2023 and 2033.
“Growing demand for flexible and rigid intermediate bulk containers due to their packaging capabilities in storing and transporting liquid, semi-solid and solid contents safely and conveniently is anticipated to provide a strong thrust to the global intermediate bulk container market development,” says an FMI analyst
Competition Landscape in the Intermediate Bulk Container (IBC) Market
Key manufacturers and companies are investing heavily in research and development efforts. This includes investing in new technologies that are aimed at improving efficiency, safety, and cost savings associated with transporting products. These investments will not only help companies remain competitive in the market but also ensure the reliable delivery of goods to customers.
TriEnda, Sonoco ThermoSafe, and Air are key companies in intermediate bulk container (IBC) market.
Recent Developments:
- In June 2020, Bulk Bag Pallet, a revolutionary new flexible intermediate bulk container (FIBC) solution was introduced by TriEnda.
- In August 2021, the world’s leading air cargo carrier, Air, and Sonoco ThermoSafe, a division of Sonoco and the leading global producer of temperature assurance packaging, announced a global collaboration agreement for the leasing of the innovative Pegasus ULD® climate controlled bulk shipping container.
Seize Growth Opportunities – Request a Custom Report Now @ https://www.futuremarketinsights.com/customization-available/rep-gb-2036
Key Players:
- Grief Inc
- Thielmann US LLC
- Schafer Werke Gmbh
- Time Technoplast Ltd
- International Paper Company
- DS Smith Plc
- Mondi Plc
Key Benefits for Intermediate Bulk Container (IBC) Market:
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries in each region have been mapped according to their individual revenue contribution to the global/regional market.
- It outlines the current trends and future scenario of the market from 2023 to 2033 to understand the prevailing opportunities and potential investment pockets.
- The profiles of key players along with their key strategic developments are enlisted in the report.
- The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
Regional Outlook
USA: A Highly Profitable Intermediate Bulk Container Market
The USA is considered a highly profitable intermediate bulk container (IBC) market due to several factors. Firstly, there is a growing export of essential commodities such as food, chemicals, and pharmaceutical products from the country. This increasing export demand necessitates safe and convenient bulk packaging solutions, leading to a rise in IBC sales.
Secondly, the USA has stringent safety regulations in place to ensure sanitary transportation practices. These regulations drive the demand for durable, hygienic, and safe packaging solutions, such as plastic flexible IBCs or aseptic IBCs, particularly in the pharmaceutical and agriculture sectors.
Moreover, intermediate bulk containers are the preferred choice for exporting chemical, petroleum, and fertilizer products in the USA due to their contamination-free transportation, anti-counterfeit properties, and maximum impact resistance. This preference for IBCs in bulk commodity transportation further boosts the sales of intermediate bulk containers in the country
Intermediate Bulk Container (IBC) Industry by Category
By Product:
- RIBC
- Metal
- Paperboard
- Plastic
- Composite
- FIBC
- Flexitanks
- Bags
By Material:
- Metal & Paperboard
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
By Content:
- Liquid
- Solid & Semi-Solids
Click to Save – Claim Your Discount Now @ https://www.futuremarketinsights.com/request-discount/rep-gb-2036
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
LinkedIn| Twitter| Blogs
