Press release
Intermediate Bulk Container Market Size, Industry Share, Growth, Demand, Global Report, Forecast, 2032
Intermediate Bulk Container Market
An Intermediate Bulk Container (IBC), also known as a container, is stackable and can be moved with a pallet truck or forklift. The rising need for efficient, cost-effective, and sustainable packaging solutions across several industries is expected to boost market growth in the coming years.
The COVID-19 outbreak had a detrimental effect on the market growth. Decreased demand for intermediate bulk containers due to supply chain disruptions amid the pandemic hampered market growth.
Fortune Business Insightsโข shares this information in its report titled "Intermediate Bulk Container Market, 2024-2032."
To get to know more about this market, please visit: https://www.fortunebusinessinsights.com/intermediate-bulk-container-market-109253
Intermediate Bulk Container Market Segments
Growing Usage of Sustainable Plastic in IBC by Key Players Propels Segment Growth
By material, the market is categorized into plastic, metal, and paper & paperboard. The plastic segment dominates the market. Growing usage of sustainable plastic in the production of intermediate bulk containers by key players to reduce plastic waste and decrease environmental impacts is driving segment growth.
Rising Demand for Rigid IBC Tanks for Storing and Transporting Liquids Boosts Segment Growth
In terms of product type, the market is classified into rigid and flexible. The rigid segment secures the largest intermediate bulk container market share. Rigid tanks are beneficial to logistics. Rising demand for rigid IBC tanks for storing and transporting liquids and other materials safely is fueling segment growth.
Increasing Demand for Organic Industrial Chemicals from the Pharmaceutical Industry Augments Segment Expansion
On the basis of end-use industry, the market is segregated into industrial chemical, food & beverage, building & construction, pharmaceutical, agriculture, paint & coating, and others. The industrial chemical segment commands the market. Increasing demand for organic industrial chemicals from the consumer goods and pharmaceutical industries is catalyzing the segment growth.
From the regional ground, the market is classified into Europe, Latin America, North America, Asia Pacific, and the Middle East & Africa.
Report Coverage
The report has studied the market in depth and underlined several crucial aspects and leading market participants. It provides important insights into the recent market trends and key industry developments. In addition to the factors mentioned above, the report covers many other factors that have helped the market grow.
Drivers and Restraints
Surging Demand for Flexible Intermediate Bulk Containers to Fuel Market Progress
Flexibags are widely used to transport bulk liquid cargo due to their efficiency. Bulk shipping flexibags provide several advantages, including decreased risk of contamination, high storage capacity, and less transportation costs. A flexible intermediate container can hold various materials and product quantities. It can also assist in avoiding damage, is non-reactive, and is generally safe to store and perform without much trouble. Flexible Intermediate Bulk Container Bags (FIBCs) reduce waste and contribute to the well-being of the environment.
Growing adoption of FIBCs, as they are robust and have a long lifespan, is driving the intermediate bulk container market growth.
On the other hand, there are some disadvantages of flexible tanks that can be damaged more easily, which can lead to leaks, which is hindering market expansion.
๐ฎ๐๐ ๐ ๐ญ๐๐๐ ๐บ๐๐๐๐๐ ๐น๐๐๐๐๐๐๐ ๐น๐๐๐๐๐ - https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/intermediate-bulk-container-market-109253
Regional Intermediate Bulk Container Market Insights
Rapid Growth of the Agriculture Industry Bolsters Market Growth in Asia Pacific
Asia Pacific takes center stage in the global market. The constant expansion of the infrastructure and rapid growth of the agriculture industry are fueling market growth in the region.
The market in Europe is witnessing a significant growth due to the existence of well-known industries and stringent waste management rules that promote the use of reusable and recyclable packaging solutions.
Competitive Landscape
Key Companies Offer Innovative Packaging Solutions to Expand their Product Portfolio
Grief Inc., DS Smith, Pyramid Technoplast Ltd, Thielmann US LLC, and Mondi Group are some of the major participants in the market. Key players are focusing on providing innovative packaging solutions to expand their product portfolio.
Intermediate Bulk Container Market Industry Development
January 2022: Black Forest Container Systems, LLC, introduced IBCZ-N2 1000L Cylindrical IBC for liquids. It permits the storage and carrying of chemicals, coatings, and other harmful materials while packaged under an inert atmosphere.
๐ฎ๐๐ ๐ ๐ธ๐๐๐๐ - https://www.fortunebusinessinsights.com/enquiry/get-a-quote/intermediate-bulk-container-market-109253
List of Key Intermediate Bulk Container Market Players Profiled in the Market Report
Grief Inc. (U.S.)
DS Smith (U.K.)
Pyramid Technoplast Ltd (India)
Thielmann US LLC (Switzerland)
Time Technoplast Ltd (India)
Mondi Plc (U.K.)
SCHรTZ GmbH & Co. KGaA (Germany)
Pyramid IBC Containers (India)
Mauser Packaging Solutions (U.S.)
SIA Flexitanks Limited (U.S.)
Snyder Industries, Inc. (U.S.)
Rishi FIBC Solutions PVT. LTD. (India)
Contact Us:
Fortune Business Insightsโข Pvt. Ltd.
9th Floor, Icon Tower, Baner-Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Intermediate Bulk Container Market Size, Industry Share, Growth, Demand, Global Report, Forecast, 2032 here
News-ID: 3707885 • Views: โฆ
More Releases from Fortune Business Insights
Future of Renewable Energy Market Insights: Growth Drivers, and Regional Develop โฆ
Global Renewable Energy Market Overview
The global renewable energy market size was valued at USD 954 billion in 2023. The market is projected to grow from USD 1,020.94 billion in 2024 to USD 1,574.17 billion by 2032, exhibiting a CAGR of 5.56% during the forecast period. Asia Pacific dominated the renewable energy market with a market share of 67.76% in 2023. The Renewable energy market in the U.S. is projected toโฆ
DC Drives Market Overview: Opportunities, Growth Drivers, and Key Applications
Market Overview
The global DC drives market size was valued at USD 4.34 billion in 2018 and is projected to reach USD 9.23 billion by 2032, exhibiting a CAGR of 5.59% during the forecast period of 2019-2032. Asia Pacific dominated the global market with a share of 28.8% in 2018. The DC drives market in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.59 billion byโฆ
Humanoid Robots Market: An In-depth B2B Analysis of Size, Share, and Future Grow โฆ
Brief Market Overview:
The global humanoid robots market is rapidly transitioning from a nascent field into a major growth sector, with its value escalating from USD 2.43 billion in 2023 to a projected USD 66.0 billion by 2032, demonstrating a remarkable CAGR of 45.5%.
These complex machines, which merge mechanical, electrical, and software engineering, are moving beyond research labs into real-world applications across industrial, service, and household sectors. This explosive growthโฆ
Methanol Market Poised for Remarkable Growth, set to Reach USD 46.32 billion by โฆ
The global methanol market size was valued at USD 31.26 billion in 2023. It is projected to grow from USD 32.70 billion in 2024 to USD 46.32 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period.
The global methanol market size is set to gain traction from the urgent need to lower environmental pollution caused by the surging usage of heavy fuels, such as diesel and gasoline. Pollutionโฆ
More Releases for Container
Food Container
The Food Container market value was US$ $$ million in 2020. The Food Container market value is forecast to reach US$ $$ million by 2031, growing at a compound annual growth rate (CAGR) % during the forecast period from 2023-2031.
Request To Download Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=AR37613
As the global economy recovers in 2021 and the supply of the industrial chain improves, the Food Container market will undergo major changes.โฆ
Container Fleet Market: Information by Type (Reefer Container, Tank Container, D โฆ
Container fleets are bulky shipping containers that are capable of withstanding the transportation of various goods ranging from dry goods to hazardous liquids. Before the emergence of container fleets, the cost associated with ocean freight and port handling in tandem with the uncertainties involved resulted in less economic outcomes. However, modern specialized container vessels offer several cost reduction benefits in the transportation of goods, thus acting as the primary sourceโฆ
Aircraft Container & Pallet Loader Market size and Key Trends in terms of volume โฆ
Aircraft Container & Pallet Loader Market: Introduction
Aircraft container & pallet loader is a unit load device used across airports to transport containers & pallet loads. Aircraft container & pallet loader eases the transport of cargo by allowing different types of goods, which are to be packed and kept into a single unit container. The aircraft container & pallet loader helps the cargo handlers across the entire cargo chain, fromโฆ
Shipping Containers Market by Size of Container (Small Container (20 feet), Larg โฆ
Asia-Pacific and Europe are the potential markets for the growth of shipping container industry. Moreover, rise in seaborne trade and improvement in transportation services further supplements the market growth. However, slower economic growth in European countries and loss of containers in ocean during sea storms hinders the market growth. Investment in high cube container segment can be beneficial for the growth of the market of key players.
According to a newโฆ
Global Marine Container Market 2019 - CIMC, SINGAMAS, Maersk Container Industry, โฆ
The new market research study on Global Marine Container Market in-depth market analysis with specific segments such as application, regional markets, end-users, policy analysis, value chain structure, and emerging trends. The Marine Container market report makes a case for investments in particular regions based on a realistic view of their regulatory environment, manufacturing dynamics and availability of skills and resources.The reportโs analysis is based on technical data and industry figuresโฆ
Shipping Container Market is Booming (9% CAGR)| CXIC, Dong Fang International Co โฆ
HTF MI published a new industry research that focuses on Shipping Container market and delivers in-depth market analysis and future prospects of Global Shipping Container market. The study covers significant data which makes the research document a handy resource for managers, analysts, industry experts and other key people get ready-to-access and self-analyzed study along with graphs and tables to help understand market trends, drivers and market challenges. The study isโฆ
