Overview and Scope
Composite intermediate bulk containers (IBCs) are industrial containers designed to store and transport bulk liquids and powders. They are typically made from a combination of plastic, metal, and sometimes fiberglass, offering durability and versatility in industrial applications.
Sizing and Forecast
The composite intermediate bulk containers market size has grown steadily in recent years. It will grow from $1.95 billion in 2023 to $2.03 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to increased petroleum oil production, increasing environmental concerns, high demand in the food industry, growing demand for packaged food and beverages, and a growing e-commerce industry.
The composite intermediate bulk containers market size is expected to see steady growth in the next few years. It will grow to $2.41 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to rising demand for safe storage of potentially, growing global cross-trade activity, growing industrial production fueling rapid adoption, increasing demand for safe and efficient bulk packaging solutions, and rising demand for environmentally friendly packaging solutions. Major trends in the forecast period include technological advancements, innovative manufacturing methods, development to create advanced materials, automation integration, advanced packaging solutions, and integration of Internet of Things technologies.
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Segmentation & Regional Insights
The composite intermediate bulk containers market covered in this report is segmented –
1) By Capacity: 180 To 250 Gallons, 250 To 300 Gallons, 300 To 350 Gallons, Above 350 Gallons
2) By Technology: Aseptic Technology, Non-Aseptic Technology
3) By End Use: Industrial Chemicals, Paints, Inks And Dyes, Food And Beverage, Building And Construction, Pharmaceuticals, Other End Uses
Europe was the largest region in the composite intermediate bulk containers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the composite intermediate bulk containers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing manufacturing industry is expected to propel the growth of the composite intermediate bulk container market going forward. The manufacturing industry encompasses various activities producing goods from raw materials or components. The growth of the manufacturing industry is due to economic conditions, technological advancements, market demands, and regulatory environments. The composite intermediate bulk containers play a crucial role in the remanufacturing industry by providing reliable and sustainable solutions for storing, handling, and transporting materials essential for producing remanufactured goods. Their durability, chemical resistance, and environmental benefits make them a preferred choice for optimizing material logistics and supporting efficient manufacturing processes. For instance, in July 2023, according to the Office for National Statistics, a UK-based national statistical institute, the overall product sales of UK manufacturers in 2022 were £429.8 billion ($545.27 billion), an increase of £28.4 billion ($36.02 billion) (7%) from the £401.5 billion ($509.36 billion) in 2021. Therefore, growing industrial production is driving the growth of the composite intermediate bulk container market.
Key Industry Players
Major companies operating in the composite intermediate bulk containers market are Berry Global Inc., Conitex Sonoco, Grief Inc., Mauser Packaging Solutions, Schutz Gmbh and Co. KGaA, Time Technoplast Limited, Snyder Industries Inc., Hoover Ferguson, TPL Plastech Limited, Finncont Oy, Jielin Plastic Industry Co. Ltd., National Bulk Equipment Inc., Bulk Lift International, Custom Metalcraft, Transtainer Pty Ltd., Precision IBC Inc., Seaco Global Ltd., Pyramid Technoplast Pvt Ltd., RDA Bulk Packaging Ltd., Composite Containers LLC, Metano, Peninsula Drums, Pensteel Ltd., RPP Containers, CDF Corporation, Sotralentz Packaging, Thielmann
The composite intermediate bulk containers market report table of contents includes:
1. Executive Summary
2. Composite Intermediate Bulk Containers Market Characteristics
3. Composite Intermediate Bulk Containers Market Trends And Strategies
4. Composite Intermediate Bulk Containers Market – Macro Economic Scenario
5. Global Composite Intermediate Bulk Containers Market Size and Growth
………
32. Global Composite Intermediate Bulk Containers Market Competitive Benchmarking
33. Global Composite Intermediate Bulk Containers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Composite Intermediate Bulk Containers Market
35. Composite Intermediate Bulk Containers Market Future Outlook and Potential Analysis
36. Appendix
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