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)
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