Global Composite Intermediate Bulk Containers Market Research Report - Analysis & Forecast 2024 - 2033

The new report published by The Business Research Company, titled "Composite Intermediate Bulk Containers Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the composite intermediate bulk containers market size has grown steadily in recent years. It will grow from $1.95 billion in 2023 to $2.03 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The composite intermediate bulk containers market size is expected to see steady growth in the next few years. It will grow to $2.41 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%.

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Impact Of Growing Manufacturing Industry On The Composite Intermediate Bulk Container Market
The growing manufacturing industry is expected to propel the growth of the composite intermediate bulk container market going forward. The manufacturing industry encompasses various activities producing goods from raw materials or components. The growth of the manufacturing industry is due to economic conditions, technological advancements, market demands, and regulatory environments. The composite intermediate bulk containers play a crucial role in the remanufacturing industry by providing reliable and sustainable solutions for storing, handling, and transporting materials essential for producing remanufactured goods. Their durability, chemical resistance, and environmental benefits make them a preferred choice for optimizing material logistics and supporting efficient manufacturing processes. For instance, in July 2023, according to the Office for National Statistics, a UK-based national statistical institute, the overall product sales of UK manufacturers in 2022 were £429.8 billion ($545.27 billion), an increase of £28.4 billion ($36.02 billion) (7%) from the £401.5 billion ($509.36 billion) in 2021. Therefore, growing industrial production is driving the growth of the composite intermediate bulk container market.

Innovative Composite IBC Solutions Drive Market Position For Major Companies
Major companies operating in the composite intermediate bulk containers market are focused on developing innovative products, such as shipping containers, to strengthen their position in the market. Shipping containers are large, standardized metal boxes crucial for global trade, providing secure, efficient, and versatile transport of goods over long distances by sea, rail, and road. For instance, in September 2021, Mauser Packaging Solutions, a US-based packaging company, introduced a new IBC (Intermediate Bulk Container) solution featuring a composite pallet to maximize volume and loading efficiency for 20-foot ISO shipping containers. This new pallet design allows for an 11% increase in the number of IBCs that can fit into a 20-foot container, from 18 to 20 units. The design improves loading efficiency by more than 50% by enabling IBCs to be loaded stacked two high, eliminating the two unused spaces near the container opening. The pallet features a lower stacking height, is modeled after Mauser's standard composite pallet design, is impact-resistant, and can withstand rugged handling with forklift accessibility from all four sides.

The composite intermediate bulk containers market covered in this report is segmented -

1) By Capacity: 180 To 250 Gallons, 250 To 300 Gallons, 300 To 350 Gallons, Above 350 Gallons
2) By Technology: Aseptic Technology, Non-Aseptic Technology
3) By End Use: Industrial Chemicals, Paints, Inks And Dyes, Food And Beverage, Building And Construction, Pharmaceuticals, Other End Uses

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Major companies operating in the composite intermediate bulk containers market are Berry Global Inc., Conitex Sonoco, Grief Inc., Mauser Packaging Solutions, Schutz Gmbh and Co. KGaA, Time Technoplast Limited, Snyder Industries Inc., Hoover Ferguson, TPL Plastech Limited, Finncont Oy, Jielin Plastic Industry Co. Ltd., National Bulk Equipment Inc., Bulk Lift International, Custom Metalcraft, Transtainer Pty Ltd., Precision IBC Inc., Seaco Global Ltd., Pyramid Technoplast Pvt Ltd., RDA Bulk Packaging Ltd., Composite Containers LLC, Metano, Peninsula Drums, Pensteel Ltd., RPP Containers, CDF Corporation, Sotralentz Packaging, Thielmann

Contents of the report:
1. Executive Summary
2. Composite Intermediate Bulk Containers Market Report Structure
3. Composite Intermediate Bulk Containers Market Trends And Strategies
4. Composite Intermediate Bulk Containers Market - Macro Economic Scenario
5. Composite Intermediate Bulk Containers Market Size And Growth
…..
27. Composite Intermediate Bulk Containers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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