Europe Rigid HDPE IBC Market Size, Share & Growth is Expected to Reach worth USD 1,935.8 Million in 2026 | BlueWeave

A study recently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the Europe rigid HDPE IBC market was worth USD 1,398.8 million in 2020 and is further projected to reach USD 1,935.8 million by 2027 at a CAGR of 5.7% during the forecast period (2021-2026).Growing manufacturing industries, along with expansions in the industrial sector, are key factors encouraging the growth of the rigid HDPE IBC market in Europe. IBCs made of rigid HDPE are also compact and sturdy, which makes them ideal for transporting liquids. Consequently, the majority of end-use industries, including food and beverage, agrochemicals, and others, are adopting HDPE rigid IBCs for shipping, further driving the growth of the rigid HDPE IBC market in Europe.

Market expansion is being driven by HDPE IBC containers that are leak-proof and spill-proof.

HDPE IBC containers are flexible, sturdy, and durable, as well as chemically compatible across a wide range of industries. Many businesses use rigid HDPE IBC to store products like medications, tablets, powders, and other items. The tanks are designed to keep these materials from spoiling or leaking for long periods. A lot of businesses can utilize HDPE IBC containers for storing goods over a few weeks or months. For instance, the use of IBC tanks in the pharmaceutical and cosmetic industries will prevent contamination and health hazards from liquids and solids that could otherwise cause health issues.

Pharmacists and cosmeticians can also use IBC tanks to safely store medicines, powders, and liquids that could be harmful to their health or the environment. These tanks also have valves on the bottom that allows users to remove contents without causing spills. These are the key factors driving the growth of the Europe rigid HDPE IBC market. The government of the U.K. has announced a USD 27.6 million investment in medicine manufacturing in the region. The new fund, according to the U.K government, would boost drug supply chains while also creating thousands of jobs. This new USD 27.6 million funds would dramatically boost the capability and durability of their drug and diagnostics manufacturing supply chains, allowing them to better prepare for future health crises. The expansion of the pharmaceuticals sector in the European market further drives the growth of the Europe rigid HDPE IBC market as industry players are adopting rigid HDPE IBC for storage handling.

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An increase in manufacturing activities and an expansion of the industrial sector favoring the market growth

The adoption of technological innovations in the manufacturing industry and marketable goods has led to an increase in manufacturing activities. Advanced manufacturing systems play a critical part in making Key Enabling Technologies (KETs) and new products competitive, affordable, and accessible; multiplying their societal and economic benefits. These technological advancements help in the potential growth of manufacturing activities. As a result of such advances, industries such as the food and beverage industry, which uses rigid HDPE IBC, are also witnessing an increase in market share.

Europe was the first major region to develop a modern economy based on commercial agriculture, industrialization, and the provision of specialized services. The industrial sector in Europe grew at a faster rate in 2019. The results of 2019 show the consolidation of production growth, after the full recovery and surpassing the 2009 level. This upward trend in industrial production in the EU-27 was maintained in 2019 and was primarily attributable to the production of food, beverages, automobiles, pharmaceuticals, and others.

Germany recorded the highest value of sold production, equivalent to almost 30 % of the EU-27 total, followed by Italy (17 %), France (12 %), Spain (9 %), Poland (6 %), and The Netherlands (3 %).The other 21 EU member states contributed smaller shares (up to 3 %). Due to increased manufacturing activities and the development of the industrial sector, the manufacturing industry was the second-largest contributor to the European economy in 2017.

Based on end-use, the chemical segment holds the largest market share

In terms of end-use, the Europe rigid HDPE IBC market is segmented into chemicals, oil & gas, food & beverage, paints, inks, dyes, pharmaceuticals, automotive, buildings & construction, textile, and others. The chemicals segment was worth USD 365.79 million and accounted for the largest market share of 39% on a revenue basis in Europe Rigid HDPE IBC market in 2020. It is further expected to reach USD 461.24 million by the end of the forecast period with a CAGR of 4.02%.

The chemical industry is a major end-userof rigid HDPE IBCs. IBCs designed for the transportation of chemicals are manufactured with specific UN, EU, and domestic guidelines in mind. Rigid HDPE IBCs are used to ship all kinds of chemicals, including non-toxic, non-hazardous chemicals, toxic & hazardous chemicals, flammable chemicals, and highly corrosive chemicals as HDPE is non-reactive to the majority of the chemicals. Rigid HDPE IBCs are also used for the transportation of hydrofluoric acid, one of the most corrosive chemicals. Rigid HDPE IBCs also protect chemicals from UV radiation, moisture, and sunlight, and are widely used by chemical companies for shipping, handling, and storage.

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Impact of COVID-19 on Europe Rigid HDPE IBC Market

The Europe rigid HDPE IBC market has seen a downfall due to the impact of COVID-19. COVID-19 has affected supply chains across all industries all over the world. Just when European chemical supply chains were reviving slowly after governments decided to finally ease the lockdown restrictions, the second wave of COVID-19 hit the European countries. Consequently, some nations were again forced to impose strict lockdown regulations. Countries in Central Europe, Czech Republic, Slovakia, Hungary, and Poland are also bracing themselves for the third wave of COVID-19.

Rigid HDPE IBC has end-users in many industries like food & beverage, agrochemical, oil and gas, pharmaceuticals, paints, dyes, and inks, construction, fuel & lubricants, and others. The European chemical industry, the world’s second-largest, has witnessed a decline in production due to supply chain disruption. As a result of the drop in sales, the market for rigid IBCs in HDPE was severely affected. The sales of plastics in Europe increased in the first quarter of 2020 but fell again in the following three quarters. Supply chains were disrupted and industries were forced to operate at a reduced capacity, resulting in low end-user demand for rigid HDPE IBC.

Europe Rigid HDPE IBC Market: Country Insights

Based on countries, the Europe Rigid HDPE IBC market is segmented into Germany, the UK, France, Italy, Spain, Austria, Poland, Benelux, Switzerland, and the rest of Europe. Among these, Germany accounts for the highest share in the Europe rigid HDPE IBC market. German Chemical Industry Association has estimated that the Chemical industry in Germany was worth US$186 billion in sales in 2019 and was the largest chemical industry in Europe. Between 1960 and 2020, the chemical industry in Germany experienced an average growth rate of 4.8%. Germany’s chemical industry has drastically increased its output with less energy consumption. Its chemical industry has decreased its energy consumption by 14% with production levels increasing by 69% between 1990-2017. Germany was the world’s third-largest chemical exporter in 2019 with exports worth more than USD 131 billion. Furthermore, Germany exported more than 70% of its chemicals within the EU, with the remaining 30% going to non-EU countries and the rest of the world.

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Europe Rigid HDPE IBC Market: Competitive Landscape

The rigid HDPE IBC market in Europe is highly consolidated, with a few important competitors controlling the majority of the market share. The companies operating in Europe rigid HDPE IBC market compete against each other on the basis of solutions and services provided to the customers for various applications. The major players in the market are Greif Incorporated, MaschioPack GmbH, SCHÜTZ GmbH & Co. KGaA, WERIT Kunststoffwerke, Brenntag SE, Hoover CS, IDEX Corporation, Francis Ward, RIPS-EMEA – Mendig, The New Pig Ltd., and other prominent players.

Don’t miss the business opportunity of the Europe rigid HDPE IBC market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Europe rigid HDPE IBC market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Europe rigid HDPE IBC market, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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