Overview and Scope
The intermediate bulk container (IBC) refers to a pallet-mounted, industrial-grade reusable container that is used for storing and transporting bulk liquids, pastes, and solids. It is called intermediate due to its size, which is bigger than a drum but smaller than a tank. The hard outer container is usually made from galvanized tubular steel or iron, while the inner containers are often made from plastic such as polyethylene or high-density polyethylene (HDPE).
Sizing and Forecast
The intermediate bulk container market size has grown rapidly in recent years. It will grow from $3.24 billion in 2023 to $3.57 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to demand from emerging economies, market consolidation and competition, advancements in material science, logistics optimization, expansion in chemical industry.
The intermediate bulk container market size is expected to see rapid growth in the next few years. It will grow to $5.24 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to rising need for efficient logistics, increasing focus on sustainability, expansion in chemical and petrochemical industries, growing global trade, shift in consumer preferences. Major trends in the forecast period include global supply chain dynamics, regulatory compliance and safety standards, demand for flexible packaging solutions, rise in circular economy initiatives, shift in material choices.
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Segmentation & Regional Insights
The intermediate bulk container market covered in this report is segmented –
1)By Type: Rigid IBC, Flexible IBC
2)By Grade: Type A, Type B, Type C, Type D, Food Grade
3)By Material: Plastic, Metal
4)By End-user: Chemical, Pharmaceutical, Food And Beverage, Other End-Users
North America was the largest region in the intermediate bulk container market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intermediate bulk container 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 rising wine trade across the globe is expected to propel the growth of the intermediate bulk container market going forward. The increasing consumption of wine, especially during a celebration in many countries is increasing the demand for wine and its trade. Plastic intermediate bulk containers are mostly used to carry liquids, such as wine or fuel. The intermediate bulk containers are one of the most cost-effective solutions and can be utilized safely in a variety of sectors. For instance, according to Forbes, an American business magazine, in terms of value, the international wine trade climbed by 21% in the first semester of 2021 compared to the previous year. As a result, the growing wine trade around the world is propelling the growth of the intermediate bulk container market.
Key Industry Players
Major companies operating in the intermediate bulk container market report are Berry Global Group Inc., DS Smith plc, Mondi plc, Greif Flexible Products and Services, Brambles Limited, MAUSER Corporate GmbH, Myers Industries Inc., Time Technoplast Ltd., BWAY Corporation, LC Packaging International BV, Bulk Lift International LLC, Nefab Group, Hoover Ferguson Group, Inc., Brown Machine LLC, Schuetz Container System Inc., Snyder Industries Inc., Plymouth Industries LLC, CorrPak Bulk Packaging systems LLC, Global-Pak LLC, System Schafer Werke Gmbh, Thermoflex LLC, Arlington Packaging Limited, Environmental Packaging Technologies Inc., Qingdao LAF Packaging Co. Ltd., Büscherhoff Spezialverpackung GmbH & Co. KG, RDA Bulk Packaging Ltd., Gaoqing Anthente Container Package Company Limited, Ven Pack, Heritage B B.V., Schoeller Arca Systems Holding B.V.
The intermediate bulk container market report table of contents includes:
1. Executive Summary
2. Intermediate Bulk Container Market Characteristics
3. Intermediate Bulk Container Market Trends And Strategies
4. Intermediate Bulk Container Market – Macro Economic Scenario
5. Global Intermediate Bulk Container Market Size and Growth
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32. Global Intermediate Bulk Container Market Competitive Benchmarking
33. Global Intermediate Bulk Container Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Intermediate Bulk Container Market
35. Intermediate Bulk Container Market Future Outlook and Potential Analysis
36. Appendix
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