Intermediate Bulk Container Market Viewpoint, Trends and Predictions 2022-2028

According to Precision Business Insights (PBI), the latest report, the intermediate bulk container market size is expected to hold a CAGR of 5.9% from 2022-2028. The primary factors that drive the market are the growing demand for cosmetics and pharmaceuticals, increasing ventures in the manufacturing sector, the rising acceptance of IBCs among small-scale industries, the propagation of e-commerce platforms, and technological advancements in packing.

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Food and Chemical to Dominate the Intermediate Bulk Container Market:
Based on end-user type, food and chemical hold the highest market share. The major factor for the rise of this segment is due to the increasing use of IBCs in food processing industries and in agricultural products such as grains, potatoes, rice, cereals, and others. The rising food processing business due to an increase in per capita income can drive the global intermediate bulk container market growth. Apart from this, an increase in demand for IBCs for handling carbon black, PET, PTA, minerals, alloys, and steel can also drive the growth of the market.

Asia Pacific Intermediate Bulk Container Market:
The Asia Pacific region is expected to contribute significantly to the global intermediate bulk container market growth over the forecast period. The Asia Pacific region is expanding as a result of the growing populace along with increasing standards of living. Apart from this, China is a dominant player in the Asia Pacific intermediate bulk container market due to fast industrial development. The rising logistics and transportation sector especially across emerging economies such as India, Vietnam, and Indonesia are some of the reasons for the potential growth of the IBC market in these regions.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Intermediate Bulk Container market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In November 2020, Elkhart Plastics, Inc. launched the Tuff Stack Pro™ as part of its growing line of intermediate bulk containers (IBCs). In November 2021, Precision IBC, Inc. a chief provider of stainless steel and poly intermediate bulk containers (IBC), acquired Metano IBC Services, an intermediate bulk container rental company with operations in New Jersey.

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The intermediate bulk container market is segmented based on, product type, material type, content, capacity, end users, and region.
Based on the product type, the market is segmented into the following:
• RIBC
• FIBC

Based on the material type, the market is segmented into the following:
• Metal & Paperboard
• Plastic

Based on the content type, the market is segmented into the following:
• Liquid
• Solid & Semi-Solid

Based on the capacity, the market is segmented into the following:
• RIBC
• FIBC

Based on the end users, the market is segmented into the following:
• RIBC
• FIBC

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key players' profiles in the intermediate bulk container market report are Thielmann US LLC, Schafer Werke Gmbh, Time Technoplast Ltd, International Paper Company, DS Smith Plc, Mondi Plc, SCHÜTZ GmbH & Co. KGaA, Mauser Packaging Solutions, Berry Global, Inc, Hoover Ferguson Group, and Snyder Industries, Inc.

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This release was published on openPR.