The market for folding intermediate bulk containers, often known as IBCs, is anticipated to reach US$ 418 million in 2022 and US$ 528 million by 2027, at a CAGR of 4.8%.
The China folding IBCs market is anticipated to increase by 6.9% annually in 2022, defying earlier concerns about how the sector would fare in the event of a global pandemic. In China, the total income from folding IBC sales is anticipated to reach US$ 50 million in 2022.
According to Future Market Insights’ annual market report, the chemicals and petrochemical products categories in the market for folding IBCs will collectively generate revenue of US$ 243 million in 2022. Folding IBCs are anticipated to make about 2% of the US$ 21 billion global IBCs market.
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Folding Intermediate Bulk Containers (IBCs) are reusable, collapsible containers that are used for the storage and transportation of bulk materials. They are typically made of plastic or fabric and have a volume capacity of between 500 and 2000 liters. Folding IBCs are becoming increasingly popular in a variety of industries due to their ease of use, durability, and cost-effectiveness.
One of the key benefits of using folding IBCs is their space-saving design. When not in use, they can be easily folded down to a compact size, allowing for more efficient storage and transportation. This is especially useful for companies that have limited space for storing empty containers.
Folding IBCs are also durable and long-lasting, which helps to reduce the overall cost of ownership. They are typically made of high-density polyethylene (HDPE) or polypropylene (PP), which are known for their strength and resistance to chemicals and extreme temperatures. This means that they can withstand the rigors of being transported and handled multiple times, making them a cost-effective option for companies that need to transport bulk materials regularly.
Folding IBCs can be used in a wide range of industries, including the food and beverage, chemical, agricultural, and pharmaceutical industries. They are suitable for the storage and transportation of a variety of materials, such as liquids, powders, and granules. In the food and beverage industry, they are commonly used for the transportation of liquids such as juice, milk, and syrup. In the chemical industry, they are used for the transportation of acids, alkalis, and other corrosive materials. In the agricultural industry, they are used for the transportation of animal feed and seed.
Another benefit of using folding IBCs is their ease of handling. They are equipped with wheels and handles, which make it easy to move them around. They also have a variety of different discharge options, including top, bottom, and side discharge, which allows for flexible and easy unloading.
In conclusion, Folding IBCs are a cost-effective and efficient option for companies that need to store and transport bulk materials. They are easy to use, durable, and can be used in a variety of industries. They save space and reduces cost of ownership. It is important to have right kind of IBC, and research to find the most suitable option for the material that needs to be transported, as well as the specific requirements of the company.
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By Material, Folding IBCs Market is Segmented as:
- Metal Folding IBCs
- Carbon Steel Folding IBCs
- Stainless Steel Folding IBCs
- Plastic Folding IBCs
By Capacity, Folding IBCs Market is Segmented as:
- Up to 500 L
- 501 to 1,000 L
- 1,001 to 1,500 L
- Above 1,500 L
By Application, Folding IBCs Market is Segmented as:
- Chemicals
- Hazardous
- Non-Hazardous
- Petrochemical Products
- Paints, Inks, & Dye
- Food & Beverage
- Automotive & Mechanical Parts
- Cosmetic & Toiletries
- Others
By Packaging Content, Folding IBCs Market is Segmented as:
- Liquid
- Solid & Semisolid
By Region, Folding IBCs Market is Segmented as:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excl. Japan
- Middle East and Africa (MEA)
- Japan
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