A fast expanding subset of the broader IBC business is the folding IBC market. While not in use, folding IBCs may be simply folded and compacted for storage and transportation. They are the perfect choice for businesses who have little room for storage or frequently need to transfer empty containers because of this functionality.
The folding IBCs market is expanding as a result of a number of factors, including the expanding e-commerce sector and the rising demand for environmentally friendly packaging options. Folding IBCs provide a reusable and space-saving alternative to conventional single-use packaging choices as more businesses explore for methods to lessen their environmental impact.
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The growth of e-commerce and the corresponding increase in home deliveries also drives demand for folding IBCs, as they provide a convenient and efficient way to transport and store large quantities of goods.
The folding IBC market is segmented by material, application, and geography. The materials used to make folding IBCs include plastic, steel, and composite materials. Plastic folding IBCs are the most popular due to their light weight, corrosion resistance, and durability. Steel folding IBCs are often used for heavy-duty applications, while composite materials are becoming increasingly popular due to their strength and durability.
The application segment of the folding IBC market includes the chemical, food & beverage, pharmaceutical, and other industries. The chemical industry is the largest consumer of folding IBCs, followed by the food & beverage and pharmaceutical industries. The other industries segment includes applications such as agriculture, construction, and mining.
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The geography segment of the folding IBC market includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America and Europe are currently the largest markets for folding IBCs, due to the presence of established players and a high demand for sustainable packaging solutions. The Asia Pacific region is expected to witness the highest growth in the folding IBC market, driven by the increasing demand for folding IBCs in the chemical and food & beverage industries.
Overall, the folding IBC market is expected to continue its growth in the coming years, driven by the increasing demand for sustainable packaging solutions and the growing e-commerce industry. Companies in the folding IBC market are focusing on innovation and product development to meet the evolving needs of their customers
Competitive Landscape
The key manufacturers operating in folding IBCs market are focusing on increasing their production capacity to meet the increasing demand for folding IBCs. Moreover, the key players are increasing their product portfolio to cater for the growing folding IBCs market.
- In 2021, a company known as BP Polymers has introduced Kortrax® Barrier Resin, for Baritainer® drums, jerry cans, intermediate bulk containers (IBC) and HDPE plastic bottles.
- In 2020, Schoeller Allibert’s company has designed a foldable IBCs for international logistics and to meet the latest expectations of the pharmaceutical, cosmetics, and food processing industries.
- In 2020, a company named Mondi plc., is advancing its product portfolio in its plant situated in Styria (Austria) to further boost its ability to offer liners that are environment-friendly for intermediate bulk containers.
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Key Players:
- Schoeller Allibert Group B.V.
- Ac Buckhorn LLC
- Finncont Oy
- Arena Products Inc.
- TranPak Inc.
- TPS Rental Systems Ltd
- RPP Containers
Folding IBCs Market by Category
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
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