The ASEAN Folding Intermediate Bulk Container (IBC) market is on a steady growth trajectory, with projections indicating a market size of USD 53.7 million by 2025 and a surge to USD 98.9 million by 2035. The market, which generated USD 51.0 million in revenue in 2024, is expected to expand at a CAGR of 6.3% over the forecast period (2025-2035).
The ASEAN region is witnessing significant industrial growth, particularly in the chemical sector, where Folding IBCs have become the preferred choice for storage and transportation. The increasing demand stems from the region’s robust export activities, stringent safety standards, and the need for cost-effective bulk packaging solutions.
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Key Driving Factors: ASEAN Folding IBC Market
Several critical factors are fueling the growth of the Folding IBC market in ASEAN:
- Cost Efficiency & Logistics Optimization: Folding IBCs significantly reduce logistics costs by enabling space-saving storage and transportation. Their collapsible nature ensures optimized warehouse utilization and streamlined supply chain management.
- Growing Chemical Industry: ASEAN’s expanding chemical manufacturing sector requires secure and efficient transportation of bulk liquids and powders. Folding IBCs provide the necessary durability and safety compliance for hazardous materials.
- Sustainability & Environmental Benefits: The global emphasis on sustainable packaging solutions is driving adoption. Reusable and recyclable Folding IBCs align with corporate sustainability goals, reducing plastic waste and minimizing carbon footprints.
- Urban Space Constraints: With rapid industrialization and urban expansion, compact and space-saving packaging solutions are becoming imperative for businesses in ASEAN.
Key Developments & Market Innovations
The ASEAN Folding IBC market is witnessing substantial innovation and investment from leading manufacturers. Some of the latest advancements include:
- Advanced Material Engineering: Companies are investing in durable, lightweight materials to enhance reusability and longevity.
- Smart IBC Technologies: Integration of IoT-enabled tracking systems allows real-time monitoring of shipments, ensuring enhanced supply chain visibility.
- Expansion of Manufacturing Capabilities: Several key industry players are ramping up production facilities across ASEAN nations to meet the rising demand efficiently.
- Strategic Collaborations & Mergers: Partnerships between logistics companies, chemical manufacturers, and packaging firms are driving market consolidation and innovation.
Key Takeaways from the ASEAN Folding IBC Market
- The ASEAN folding IBC market recorded a CAGR of 5.0% from 2020 to 2024.
- Market value grew from USD 41.6 million in 2020 to USD 51.0 million in 2024.
- Folding IBCs with a capacity of 501 to 1000 L are projected to hold over 45% market share by 2035.
- Plastic folding IBCs are expected to dominate, accounting for 59.7% of the market by 2035.
Competitive Landscape
Key players in the ASEAN folding IBC industry are developing and launching new products to the market. They are combining with various organizations and expanding their geographical reach. A few of them also collaborate and work with local brands and start-up enterprises to produce new products.
Key Developments in ASEAN Folding IBC Market
- In September 2024, Greif, Inc. announced the opening of its new facility in Pasir Gudang, Johor, Malaysia. This significant milestone marks a new chapter in Greif’s commitment to delivering high-quality packaging solutions while contributing to the local economy.
Key Players in ASEAN Folding IBC Market
- Schoeller Allibert
- Loscam
- Grief Inc.
- Pyramid Technoplast Ltd
- TPL Plastech Limited
ASEAN Folding IBC Market Segmentation
By Material:
In terms of material, the Folding IBC market is divided into Plastic Folding IBCs and metal Folding IBCs
By Capacity:
In terms of capacity, the Folding IBC market is segmented into Up to 500 L, 501 to 1000 L and 1001 to 1,500 L.
By Application:
The Folding IBC market includes chemicals, petrochemical products, paints, inks, & dye, food & beverage, automotive & mechanical parts, cosmetics & toiletries and others.
By Packaging Content:
Packaging content of folding IBC include Liquid, Solid & Semisolid.
By Country:
Key countries such as Indonesia, Thailand, Myanmar, Malaysia, Philippines, Vietnam, Singapore and Rest of ASEAN are covered.
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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