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Intermediate Bulk Container Market Report 2023-2032: Production Analysis, Product Valuation, Latest Trends And Major Players |Berry Global Group Inc., DS Smith, Greif Flexible Products and Services, BWAY Corporation, LC Packaging International BV
Intermediate Bulk Container Market
The Business Research Company's Intermediate Bulk Container Global Market Report 2023 identifies rising wine trade across the globe as the major driver for the Intermediate Bulk Container Market's growth in the forecast period. The increasing consumption of wine, especially during a celebration in many countries is increasing the demand for wine and its trade. Plastic intermediate bulk containers are mostly used to carry liquids, such as wine or fuel. The intermediate bulk containers are one of the most cost-effective solutions and can be utilized safely in a variety of sectors.
The global intermediate bulk container market size grew from $2.95 billion in 2022 to $3.29 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The intermediate bulk container market size is expected to grow to $4.65 billion in 2027 at a CAGR of 9.0%.
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Major competitors in the Intermediate Bulk Container Market are Berry Global Group Inc., DS Smith, Greif Flexible Products and Services, BWAY Corporation, LC Packaging International BV, MAUSER Corporate GmbH, Plymouth Industries LLC, Arlington Packaging Limited, Qingdao LAF Packaging Co. Ltd., Büscherhoff Spezialverpackung GmbH & Co. KG, RDA Bulk Packaging Ltd., Gaoqing Anthente Container Package Company Limited, CorrPak Bulk Packaging, Environmental Packaging Technologies Inc., and Ven Pack.
A key trend in the Intermediate Bulk Container Market includes Technological advancement. Major companies operating in the intermediate bulk container sector are focused on developing a new technological solution to meet consumer demand and strengthen their position. For instance, in November 2020, Schoeller Allibert, a Netherlands-based producer of recyclable, reusable, and returnable plastic packaging solutions launched ChemiFlow based on corrosion-resistant technology. ChemiFlow is an UN-authorized Intermediate Bulk Container (IBC) built to transport hazardous and highly corrosive chemicals safely and without sacrificing performance. ChemiFlow 1000L 8292 EPDM 6 runners were designed specifically to satisfy the changing requirements of the chemical sector, with features such as a central top-fill for easy filling at an automatic filling line, and automatic venting to limit the risk of overpressure, and an additional closed system to avoid odors from escaping.
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The Intermediate Bulk Container Market is segmented -
By Type: Rigid IBC, Flexible IBC
By Grade: Type A, Type B, Type C, Type D, Food Grade
By Material: Plastic, Metal
By End-user: Chemical, Pharmaceutical, Food And Beverage, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Intermediate Bulk Container Market.
The Business Research Company's "Global Intermediate Bulk Container Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Intermediate Bulk Container Market Include:
1. Executive Summary
2. Intermediate Bulk Container Market Characteristics
3. Intermediate Bulk Container Market Trends And Strategies
4. Intermediate Bulk Container Market - Macro Economic Scenario
5. Intermediate Bulk Container Market Size And Growth
……
26. Africa Intermediate Bulk Container Market
27. Intermediate Bulk Container Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Intermediate Bulk Container Market
29. Intermediate Bulk Container Market Future Outlook and Potential Analysis
30. Appendix
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