Intermediate Bulk Container (IBC) Market to Grow at Robust 6.8% CAGR by 2031

Research conducted by Future Market Insights (FMI) shows that the intermediate bulk container market is expected to register positive growth, with the overall valuation forecast to reach US$ 21 Bn in 2021. Sales registered in the market is expected to rise at 6.8% CAGR between 2021 and 2031.

Despite suspension of industrial activities amid COVID-19, intermediate bulk containers demand will surge 2021 onwards. Global volume is forecast to reach 681 Mn Units by the end of 2021. Also, the market has been anticipated to increase at 5.7% CAGR over the forecast period, in terms of volume

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Greif Inc., SCHUTZ GmbH & Co. KGaA and Mauser Packaging Solutions are top players operating in the intermediate bulk container market. In addition, Berry Global Inc., International Paper Company, DS Smith Plc, Mondi Group also, attention in the intermediate bulk container market to collect you. The three-tier player in the market holds 55-65% in the global intermediate bulk container market. To summarize all the major players, it contributes almost 35-45% of the global market.

FMI predicts that demand and sales of intermediate bulk containers are clear and in ascending order. Global sales will increase exponentially due to factors such as ever-increasing cross-country trade, increasing demand for modern containers carrying large volumes of liquids, and reforms of rigid IBCs to reduce packaging scrab

Key segment
Products:
RIBC
Metal
Paperboard
plastic
complex
FIBC
Flexitanks
bag

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Material:
Metal and paperboard
plastic
on
PP
PVC

By content:
liquid
Solid & semi-solid

“Demand for flexible and rigid intermediate bulk containers is growing globally, especially with regard to packaging capabilities in liquid, semi-solid, and solid contents, which gives major manufacturers the opportunity to maximize sales . The increasing importance of protective and durable packaging solutions in transit is expected to redefine the growth of the intermediate bulk container market, "said FMI analysts. ..

High demand for advanced containers for bulk liquid transport increases sales
Most European countries are steadily recovering from the recent recession caused by the pandemic, and trade activity may increase over the forecast period. This, coupled with the healthy growth of IBC trade volumes in East and South Asia, is expected to play an important role in stabilizing world trade.

With notable links in the supply and demand chain of industrial packaging, it is clear that manufacturing has stabilized production and demand for industrial packaging has increased.

Key points from the intermediate bulk container market
By product, the flexible IBC segment is ahead, leading the global intermediate bulk container market. Due to its biodegradable nature, the target segment is expected to hold a market share of over 94% by the end of the forecast period.
Plastic is the most preferred material among end users due to its long shelf life and safety. The plastics segment is expected to grow 1.9 times its current market value over the next decade.
IBC is primarily used to store and transport solid and semi-solid content. Therefore, it is estimated that this segment will lead the market with a share of about 92% due to the nature of the transportation materials.

Capacity diversifies flexible and rigid IBC on different scales. RIBCs with capacities of 1,001 to 1,5000 Ltr are estimated to grow 2.5 times their current values ​​in the near future. However, this segment will be dominated by FIBC, which is projected to hold major chunks of nearly 92% of the market by 2031.

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Who are the major end users of the intermediate bulk container market?
The food and agriculture sector is showing high demand for flexible IBC. This segment held a market share of over 90% in 2020 . Due to high demand in North America and Europe, we will continue to lead the end-use segment of the target market.

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

This release was published on openPR.