Introduction
Welcome to the world of intermediate bulk containers (IBCs), where innovation meets efficiency. This article is your gateway to understanding the thriving IBC market. From its humble beginnings to its significant presence in today’s industries, we’ll cover it all. So, fasten your seatbelt and get ready to embark on a journey through the fascinating world of IBCs.
Intermediate Bulk Container (IBC) Market
Intermediate Bulk Container (IBC) Market has witnessed remarkable growth in recent years, and its future prospects are equally promising. Here, we will walk you through various aspects of this market, shedding light on its evolution, current status, and what the future holds.
According to an analysis by Future Market Insights, the USA is poised to dominate the North America intermediate bulk container market, projecting an 86.7% market share by 2033, thereby establishing itself as a highly lucrative market. In 2022, the total market size in the country already reached an impressive valuation of US$ 3.5 billion.
Envisioned to attain a worth of US$ 23.8 billion by 2023, the international intermediate bulk container (IBC) market is poised for remarkable expansion. Over the span of 2023 to 2033, the intermediate bulk container sales are anticipated to showcase a steady Compound Annual Growth Rate (CAGR) of 6.9%, crossing the threshold of US$ 46.2 billion by 2033.
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Growth Trends in the IBC Market:
The Intermediate Bulk Container (IBC) Market is witnessing remarkable growth due to:
- Globalization: International trade demands efficient and standardized bulk transportation, driving the adoption of IBCs.
- Sustainability: Companies strive to minimize environmental impact, making reusable IBCs an attractive choice.
- Technological Advancements: Advanced materials and manufacturing techniques enhance IBC durability and user-friendliness.
- E-commerce Boom: IBCs support the e-commerce sector’s need for efficient, bulk distribution of goods.
- Pharmaceutical Innovations: The pharmaceutical industry’s growth fuels demand for safe and efficient transportation of sensitive substances.
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.
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.
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.
Major Key Players:
- Grief Inc
- Thielmann US LLC
- Schafer Werke Gmbh
- Time Technoplast Ltd
- International Paper Company
- DS Smith Plc
- Mondi Plc
- SCHÜTZ GmbH & Co. KGaA
- Mauser Packaging Solutions
- Berry Global, Inc
- Hoover Ferguson Group
- others
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
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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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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