Intermediate Bulk Container (IBC) Market Insights, Deep Analysis of Key Vendor in the Industry 2021-2031

Sales of container containers have increased significantly across industries such as FMCG, chemicals, paints and petroleum. Future Market Insights (FMI) forecasts intermediate bulk container (BIC) sales to grow at a CAGR of 6.8% by 2031.

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There are many products that are not traded in different regions due to the lack of effective packaging types for transporting them. Intermediate bulk containers (RIBC and FIBC) are cost-effective packaging solutions that ensure that products are shipped to importers in their original form.

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.

Key segment-

Products:
RIBC
Metal
Paperboard
plastic
complex
FIBC
Flexitanks
bag

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Material:
Metal and paperboard
plastic
on
PP
PVC

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.

FMI predicts that RIBC consumption will consistently increase in the chemical industry due to the storage of dangerous solutions. This segment is estimated to create a US $ 1 billion incremental opportunity from 2021 to 2031.
In Europe, it is expected to remain a lead and hold more than one-third of its share in the global market.

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Exploring undeveloped areas for product exports will create a wealth of opportunities for the growth of the IBC market. For example, according to the Institute of Organic Agriculture, Europe has the highest consumption capacity for organic foods.

Shipping these organic products from different regions requires the use of bulk bags , further arming the markets in this region. FIBC is considered the best choice for food exports.

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 Covered in Intermediate Bulk Container Market Study
Market Estimates and Forecast 2014-2031
Key Drivers and Restraints Impacting Market Growth
Segment-Wise, Country-Wise, And Region-Wise Analysis
Competition Mapping and Benchmarking
Market Share Analysis
Key Product Innovations and Regulatory Climate

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.