Press release
Coronavirus's Impact On Intermediate Bulk Containers (IBC) Rental Services Market
Intermediate Bulk Containers (IBC) Rental Services Market: IntroductionGrowing industrial packaging market due to rise in international trade and requirement for cost effective bulk packaging has fuelled the global demand for intermediate bulk containers (IBC) rental services market. Rental IBCs services serve a great purpose of conserving capital, also facilitating the use of IBCs by small scale end users. Rental services market is also expected to generate huge lump sums of revenue for the manufacturers. The financial and production benefits gained from renting IBCs include tax and capital savings along with improved inventory management. Renting provides the ability to get the IBC when needed, into production by the end user.
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Intermediate Bulk Containers (IBC) Rental Services Market: Segmentation
The global market for intermediate bulk containers (IBC) rental services is segmented based on product type, material type and end use.
On the basis of product type, the global market for intermediate bulk containers (IBC) rental services is segmented as follows:
Plastic IBCs
Composite IBCs
Metal IBCs
On the basis of material type, the global market for intermediate bulk containers (IBC) rental services is segmented as follows:
Plastic
HDPE
LDPE
LLDPE
Metal
Stainless Steel
Carbon Steel
On the basis of end use, the global market for intermediate bulk containers (IBC) rental services is segmented as follows:
Food and Beverages
Vegetable Oil
Palm Oil
Wine
Pulp Concentrates
Other Food and Beverage Products
Agrochemicals
Fertilizers
Pesticides
Industrial Chemicals
Hazardous
Non Hazardous
Petroleum & Lubricants
Paints, Inks & Dyes
Pharmaceuticals
Building & Construction
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Intermediate Bulk Containers (IBC) Rental Services Market: Market Dynamics
The global market for intermediate bulk containers (IBC) rental services is characterized by product offering that provide cost and functional benefits in terms of business objectives. Low levels of down payment requirements and small instalment allows end users to manage and control working capital requirements expended on intermediate bulk containers (IBCs). Cost effective capital management and elimination of non-working assets allows companies to control operational costs and stay competitive in the market.
The global market for intermediate bulk containers (IBC) rental services is characterized by existence of extensive market segments for end use. Food and beverages, agrochemicals, industrial chemicals, petroleum and lubricants, paints, inks and dyes, pharmaceuticals and building and construction and building are prominent end use segments for the global market for intermediate bulk containers (IBC) rental service.
The global market for intermediate bulk containers (IBC) rental services is characterized by supply of IBCs made of plastic and metal. Plastic intermediate bulk containers (IBC) are highly preferred over other material type due to convenience and flexibility in manufacturing.
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