Plastic Rigid IBC Market 2022 Size, Industry Statistics, Growth Potentials, Trends, Company Profile, Global Expansion Strategies by Top Key Vendors till 2030
According to a comprehensive research report by Market Research Future (MRFR), “Plastic Rigid IBC Market Research Report, By Material (High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), Polyvinyl Chloride (PVC), and Others), Capacity (Up to 500 liters, 500 to 1000 liters, 1000 to 1500 liters, 1500 to 2000 liters, and above 2000 liters), End Use (Industrial Chemicals, Petroleum & Lubricants, Food & Beverages, Paints Inks Dyes, Pharmaceuticals, and Others) — Forecast till 2030”, the market is expected to grow at a CAGR of 7.2% during the forecast period (2022-2030).
Eminent industry players profiled in the global Plastic Rigid IBC industry report include
Greif, Inc. (US)
Schutz Container Systems (US)
Maschiopack GmbH (Germany)
Bulk Handling Australia (Australia)
SCHÜTZ GmbH & Co. KGaA (US)
ZIBO JIELIN Plastic Pipe Manufacture Co., Ltd. (China)
Snyder Industries, Inc. (US)
WERIT Kunststoffwerke W. Schneider GmbH & Co.KG (Germany)
Sintex Industries (India)
Hoover Ferguson Group, Inc. (US)
Get Free Sample PDF Brochure
The global plastic rigid IBC market appears highly competitive, characterized by the presence of several notable players. These players incorporate strategies, such as mergers & acquisitions, collaboration, expansion, and technology/product launch to gain a larger competitive advantage.
For instance, recently, on Sep.20, 2021, Mauser Packaging Solutions announced significant investments to buy advanced equipment to expand its intermediate bulk container (IBC) and plastics drum production capabilities in its facility at Gebze, Turkey. These investments would also further support the region's collection and supply of reconditioned packaging.
Over the past couple of years, MAUSER Group has been presenting innovative and sustainable packaging solutions for the future circular economy. The company is also continually working on expanding its intermediate bulk container business footprint and additional manufacturing support.
The plastic rigid IBC market demonstrates continual growth, predominantly due to the spurring rise in food & beverage, oil & gas, and chemicals industries. Extensive absorption of plastic rigid intermediate bulk containers (IBC) to store and transport various solid and liquid items propels the market size. Increasing usages of rigid plastic IBCs for food storage create huge market demand.
With the growing developments of innovative storage containers, the market is expected to garner significant gains during the next few years. According to Market Research Future (MRFR), the global plastic rigid IBC market is forecasted to witness a substantial rise by 2030, growing at a 7.2% CAGR during the anticipated period (2022 – 2030).
Government initiatives for promoting eco-friendly storage materials provide additional impetus to market growth. The growing focus on sustainable IBCs with barrier properties and a unique load securing system influences market revenues. Moreover, substantial investments made into developing biodegradable and eco-friendly materials and plastic drums made of recycled materials boost the market value.
Browse In-depth Market Research Report (190 pages) on Plastic Rigid IBC Industry
IBCs and rigid plastic packaging are the two fastest-growing segments within the industrial packaging industry. These will not only serve as a critical part of the market growth but will also provide the necessary support for the industry expansion. The global market witnesses vast demand from industrial packaging sectors, recording solid volume growth in chemicals, specialty chemicals, and lubricants.
The ongoing recovery of industrial end-use segments allows the market to witness broad-based improvement in several key end-users. The market will continue to benefit from these factors and witness solid volume performance across all key segments with impressive growth.
Industry players focus on operational execution, capital discipline, and developing a solid & diverse product portfolio. They are expected to continue to focus on restructuring activities, including optimizing and integrating operations and rationalizing operations in the global industrial packaging segment.
Onset of the COVID-19 waves hit the plastic rigid IBC industry hard. Though the market demand was significantly robust, IBC manufacturers faced huge revenue losses. The lockdown mandates halted the production of several key raw materials required to manufacture IBCs. This, as a result, spiked product prices and lowered the market demand.
Resultantly, the plastic rigid IBC market had to face severe consequences. However, the market is rapidly returning to normalcy, witnessing a steadily increasing demand. Moreover, the rising consumption of cans is estimated to offer robust market opportunities during 2021 and beyond.
Speak to Analyst:
The plastic rigid IBC market is segmented into materials, capacities, end-uses, and regions. The material segment is bifurcated into HDPE, LDPE, LLDPE, PVC and others. Of these, the HDPE segment accounts for the largest market share due to the extensive flexibility and cost-effectiveness of HDPE IBC containers.
The capacity segment is bifurcated into up to 500 Ltrs., 500-1000 Ltrs., 1000-1500 Ltrs., 1500-2000 Ltrs., and above 2000 Ltrs. Among these, the 500-1000 litters segment accounts for the largest market share, mainly due to the rising demand from end-use verticals, such as food & beverages, petroleum & lubricants, and agrochemicals. The segment is further expected to grow at the highest CAGR during the assessment period.
The end-use segment is bifurcated into chemicals, petroleum & lubricants, food & beverages, paints, inks, dyes, pharmaceuticals, and others. Among these, the food & beverages segment accounts for the largest market share, witnessing the rising demand for plastic rigid IBC containers for storage and transportation of bulk food products and various beverages.
The petroleum & lubricants segment is also expected to demonstrate significant growth mainly due to the increasing automobile sales worldwide. By regions, the market is segmented into the Americas, Asia Pacific, MEA, Europe, and rest-of-the-world.
Request for Customization:
The Asia Pacific region dominates the global plastic rigid IBC market. Rapid industrialization and technological developments boost the region's market size. Besides, rapidly increasing manufacturing activities and expanding industrial sectors in the region drive the market's growth.
Japan, China, Singapore, and India are the largest market for plastic rigid IBCs due to the rapid economic growth in these countries. Additionally, rising transportation and bulk storage needs from the F&B and chemical industries in the region substantiate the region's market shares.
Segmentation of Market covered in the research:
Plastic Rigid IBC Market Research Report, By Material (High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), Polyvinyl Chloride (PVC), and Others), Capacity (Up to 500 liters, 500 to 1000 liters, 1000 to 1500 liters, 1500 to 2000 liters, and above 2000 liters), End Use (Industrial Chemicals, Petroleum & Lubricants, Food & Beverages, Paints Inks Dyes, Pharmaceuticals, and Others) — Forecast till 2030
To Buy: https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=6897
Browse Related Reports:
Fresh Food Packaging Market - https://www.marketresearchfuture.com/reports/fresh-food-packaging-market-2498
Frozen Food Packaging Market - https://www.marketresearchfuture.com/reports/frozen-food-packaging-market-1249
Glass Container Market - https://www.marketresearchfuture.com/reports/glass-container-market-5144
Glass Packaging Market - https://www.marketresearchfuture.com/reports/glass-packaging-market-1258
Green Packaging Market - https://www.marketresearchfuture.com/reports/green-packaging-market-2995
High Barrier Packaging Films Market - https://www.marketresearchfuture.com/reports/high-barrier-packaging-films-market-5028
Home Care Packaging Market - https://www.marketresearchfuture.com/reports/home-care-packaging-market-5203
Homogenizers Market - https://www.marketresearchfuture.com/reports/homogenizers-market-1939
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
+1 628 258 0071(US)
+44 2035 002 764(UK)
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Plastic Rigid IBC Market 2022 Size, Industry Statistics, Growth Potentials, Trends, Company Profile, Global Expansion Strategies by Top Key Vendors till 2030 here
News-ID: 2517488 • Views: 432
More Releases from Market Research Future
Feed Acidulants Market: Top Suppliers, Business Development Market and Forecast …
Feed Acidulants Market-Overview The escalation in animal feed demand due to increased livestock rearing is estimated to boost the feed acidulants market. The agriculture reports are made by Market Research Future, which includes market choices for advance. A promising CAGR is estimated to promote the global market in the coming period. The raised intake of animal-based products is predicted to add momentum to the feed acidulants industry share in the forthcoming period.
Consumption of Organically Grown Crops to Benefit Global Biorational Pesticides …
Biorational pesticides are materials which causes minimal to zero harm to humans, animals, and the surrounding environment. These pesticides can contain organisms or formulations derived from biological entities. The global biorational pesticides market report by Market Research Future (MRFR) contains insights on growth enablers, opportunities, restraints, and challenges to be faced by the industry for the period of 2018 to 2023 (forecast period). The outbreak of the COVID-19 virus and
Bicycle Apparels and Accessories Market To Benefit From Healthy Lifestyle Adopti …
Bicycle Apparels & Accessories Market-Overview Increased engagement in outdoor activities and increased knowledge of the benefits of these activities on a child's health have driven the global cycling apparels and accessories market in recent years. According to Market Research Future, the market will gain a CAGR of 5.05% and reach a value of USD 9,529.1 million by 2027. The global bicycle apparels and accessories market grew due to increased participation in outdoor
Are Wireless Phone Chargers the Perfect Alternatives to their Wired Counterparts …
Introduction to Wireless Phone Charging Wireless phone charging is currently all the rage worldwide, given its ability to deliver energy from a single power source to the phone without requiring wires or any connections. The charging station gives out energy, on the other hand, a receiver (in this case, the phone) takes in the energy to charge the battery. To charge phones, wireless charging is one of the most convenient, safe
More Releases for IBC
MAUSER Launches New IBC Pallet
MAUSER Group, a worldwide leading company in industrial packaging, launches a new pallet design for its MAUSER SM® IBC Series. Building on the great success of the revolutionary composite pallet design introduced to the market more than a decade ago, the now completely redesigned pallet concept will further strengthen the MAUSER SM® IBC market reputation: High quality composite IBCs – designed for long term strength and optimum reusability. With the introduction
arvato Systems at IBC 2012
State-of-the-Art Software Solutions at Europe’s Biggest Broadcasting Conference (arvato Systems) Cologne/Gütersloh – arvato Systems (formerly S4M – Solutions for Media) will present its software solutions for the 13th time at the International Broadcast Convention in Amsterdam from 7–11 September 2012. IBC is the biggest conference in the broadcasting industry in Europe, receiving more than 50,000 visitors annually. IBC in Amsterdam is one of the most important events for media
Teracue IPTV Highlights at IBC Show 2012
IPTV & DVB Headend Solutions for Encoding, Decoding, Transcoding and Playout Teracue IPTV Systems will be showcasing its new products for professional IPTV/DVB headend design, broadcast IP video-networking and for system integration at the IBC Show in Amsterdam September 7 - 11, on stand 442 in Hall 14. ENC-300 Series and DEC-300 Series: Teracue's video H.264 HD/SD encoder/decoder line-up is now complete with the availability of the brandnew DEC-300 HDSDI Decoder,
2wcom Systems successfully at IBC 2011
Flensburg/Germany, 22.09.2011 – 2wcom Systems, the Northern German specialist for audio transmission via satellite, presented successfully its nexgen products at IBC 2011 in Amsterdam. Especially the 2wcom FlexSource, an Audio over IP Receiver with an extreme flexibility in selecting additional sources for redundancy has been of great interest for IBC visitors. The 2wcom FlexSource allows defining the primary input source for different outputs. Users can select freely among the following input
Christie Previews 4K at IBC
Christie®, the leader in digital cinema projection, will present a pre-launch demo of its new Solaria™ Series 4K DLP Cinema® projector line for digital cinema at IBC2010 in Amsterdam, September 10-14. Taking the lead with the world’s first demo of a DLP Cinema solution in 4K, the new Christie CP4230 features the enhanced 4K DLP Cinema chip from Texas Instruments (TI) (NYSE: TXN) and is designed to be compliant
Blue Order at IBC 2009
Blue Order, a leading Media Asset Management (MAM) vendor, will be demonstrating their tapeless workflow solution, spanning from ingest to distribution, at IBC 2009 (Stand 3.C40). The core element of the exhibit will be the release of Blue Order’s Media Archive 3.4, a powerful MAM solution which makes access to content quick and easy, automates workflows and enables content users to reuse, repurpose and resell their content more efficiently. It