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Global Plastic Rigid Intermediate Bulk Container market report, market size, share, trends, analysis and forecast to 2028
Plastic rigid IBC are extensively preferred containers for transportation all over the globe. It is usually made of polyethylene (HDPE) is rotationally moulded to ½ thick plastic. It is reusable, durable, and largely resistant to rust as they are made of plastic and plastics are rust free. It is contrived using polymeric material and used for storage and transport of liquids in large quantities. Plastic rigid IBC is greatly employed by the industries like chemical industry, pharmaceutical industry, paints, inks and dyes, food, and beverage industry, petrochemicals and lubricants, etc.
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By geography, Asia Pacific is projected to hold the largest market share during the forecast period owing to rapid industrialization, various manufacturing activities, increasing need of transportation of various products, availability of cheap labor, and rising infrastructure developments. China is dominating the Asia Pacific market due to advanced Chemical industries in the regions and bulk manufactures of chemicals present in the region. A large chemical supply needs bulk container and chemical industries in China and is responsible for contributing a significant share in market growth.
Some of the key players profiled in the Plastic Rigid Intermediate Bulk Container Market include Greif, Inc., Snyder Industries, Hoover Ferguson Group, Inc., Schutz Container Systems, Myers Industries, Sintex Industries, Mauser Group, Pyramid Technoplast, Time Technoplast Limited, Bulk Handling Australia Group Pty Ltd, NOVAX, Maschiopack GmbH, ZhenJiang JinShan Packing Factory, Jielin, Sotralentz, and Shanghai Fujiang Plastic Industry Group.
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● Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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