Plastic Rigid IBC Market Expected to Exceed $3280 million By 2024 Estimated with Top Key Players Like: SCHUTZ, Mauser Group, Greif, Shijiheng, Snyder Industries, ZhenJiang JinShan Packing Factory, Time Technoplast Limited, Chuang Xiang, Myers Industries

An intermediate bulk container (or IBC) is a pallet mounted, industrial grade reusable container that is used for storing and transporting bulk liquids and powders. Also known as a tote, the IBC is capable of stacking and can be moved by a pallet jack or forklift.

A “plastic rigid intermediate bulk container” or “IBC” is a rigid, self-standing vessel, lined or unlined, made from polymeric material. The typical volume is at least 119 gallons but not more than 793 gallons. IBCs are used to transport various liquid or solid products, including products identified as “hazardous materials” or “dangerous goods”.

Plastic rigid IBCs are used in the food and beverage end use sector to store and transport bulk food products and various beverages across long distances from the manufacturing units. This end use category has seen a rise in demand for plastic rigid IBCs in the recent years. The food and beverage end use segment is expected to show a high pace with respect to use plastic rigid IBCs in the coming years and projected to register a high healthy CAGR of 6.2% during the forecast period.

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According to this study, over the next five years the Plastic Rigid IBC market will register a 6.2% CAGR in terms of revenue, the global market size will reach US$ 3280 million by 2024, from US$ 2290 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Plastic Rigid IBC business.

This report presents a comprehensive overview, market shares, and growth opportunities of Plastic Rigid IBC market by product type, application, key manufacturers and key regions and countries.

This study considers the Plastic Rigid IBC value and volume generated from the sales of the following segments:

Segmentation by product type:
HDPE Rigid IBC
LLDPE Rigid IBC
LDPE Rigid IBC

Segmentation by application:
Pharmaceutical
Food
Chemical Industries
Others

This report also splits the market by region:
Americas
APAC
Europe
Middle East & Africa

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

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The key manufacturers covered in this report:

SCHUTZ, Mauser Group, Greif, Shijiheng, Snyder Industries, ZhenJiang JinShan Packing Factory, Time Technoplast Limited, Chuang Xiang, Myers Industries, Hoover Ferguson Group, WERIT, Maschiopack, Pyramid Technoplast, Sotralentz, Sintex, Shanghai Fujiang Plastic Industry Group, Jielin, NOVAX.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Plastic Rigid IBC consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.

To understand the structure of Plastic Rigid IBC market by identifying its various subsegments.

Focuses on the key global Plastic Rigid IBC manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Plastic Rigid IBC with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Plastic Rigid IBC submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

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