Press release
Intermediate Bulk Container (IBC) Market Analysis: Key Opportunities and Challenges Ahead
Intermediate Bulk Container (IBC) Market , Intermediate Bulk Container (IBC) Size, Intermediate Bulk Container (IBC) Market share
Rigid Intermediate Bulk Containers (RIBCs) are leading the charge, with demand anticipated to rise at a CAGR of 5.6% through 2034. This growth is attributed to the increasing adoption of RIBCs for storing and transporting a variety of products, including chemicals, food and beverage items, pharmaceuticals, and lubricants.
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Core Concepts in the Intermediate Bulk Container (IBC) Industry
Market Valuation : The global intermediate bulk container (IBC) market is projected to be worth USD 25.5 billion in 2024.
Demand Growth : IBC demand is expected to grow at a 5.5% CAGR, reaching USD 43.8 billion by 2034.
Key Drivers : The increasing need for efficient and safe packaging solutions is driving market demand.
Industry Leaders : Top players include Greif, Inc., Mauser Packaging Solutions, and SCHÜTZ GmbH & Co. KGaA.
Product Description : IBCs are industrial-grade reusable containers designed for storing and transporting bulk materials.
Alternative Solutions : Flexitanks serve as an alternative to intermediate bulk containers.
Several key factors are driving the growth of the global IBC market:
Rising Demand for IBCs Due to Increasing Trade Activities: As nations steadily recover from the recent economic downturn caused by the pandemic, trade activity is expected to witness a notable uptick during the forecast period. This surge in trade is poised to drive demand for intermediate bulk containers, with Asia emerging as a key focal point.
Additionally, regions like Europe and the Middle East are projected to contribute significantly to global demand due to rising industrial activities and increased trade.
Booming Paint and Chemical Industries Propel IBC Demand: Industries such as paints and chemicals are experiencing rapid growth, leading to a steady rise in demand for IBCs. These versatile packaging solutions are extensively utilized for the storage and transportation of paints and chemicals.
Stainless steel IBC containers, in particular, are preferred for their resistance to various chemicals, ensuring the safe and efficient transportation of products without compromising quality. The IBC tank market is expected to witness steady growth owing to the essential role of IBCs in the safe transportation of hazardous materials in the paint, coating, and dyes sectors.
Key End-Use Industries Driving Growth:
Chemicals: IBCs play a vital role in the safe storage and transportation of chemicals, ensuring compliance with safety regulations.
Food & Beverages: With the growing demand for bulk food products, IBCs provide an effective and hygienic solution for food storage and transportation.
Pharmaceuticals: The pharmaceutical industry's focus on safety and quality control further fuels the demand for IBCs that offer reliable, secure, and contamination-free transport of medicines.
Lubricants and Other Industrial Products: The lubricant sector is increasingly turning to IBCs for their durability and ease of handling.
"As intermediate bulk containers provide numerous benefits over traditional packaging methods, they are gaining immense popularity across the United States," Says a Future Market Insights Analyst.
Competition Landscape in the Intermediate Bulk Container (IBC) Market
Key companies are investing heavily in research and development to innovate new and improved products tailored according to the needs of specific customers. They are also using various marketing and promotional strategies to increase awareness of their products and increase market share.
Recent Developments:
In December 2022, recapitalization and merging of two suppliers of intermediate bulk containers (IBCs), Bulk Lift International LLC and Bulk Lift International LLC was announced by the private equity company New Water Capital (NWC).
In March 2018, MaschioPack North America sold its manufacturing assets to MAUSER USA, LLC. With this purchase, MAUSER will be able to increase the size of its intermediate bulk container (IBC) business in North America and give manufacturing assistance to its reconditioning subsidiary, National Container Group (NCG).
Competitive Landscape
Companies operating in the intermediate bulk container market are aiming at expansion and strategic partnerships with other manufacturers to expand their product manufacturing capabilities and global presence.
In 2020, Mondi, the global packaging and paper group, is investing in its Styria (Austria) plant to further boost its ability to offer safe, clean, and environment-friendly liners for flexible intermediate bulk containers.
In 2018, Schoeller Allibert's new foldable intermediate bulk container (IBC), Combo FRUCTUS® was created to meet the expectations of tomato paste and fruit juice industries.
In 2018, Drewsen New technology developed by Austrian manufacturer Starlinger & Co. GmbH (U.S. office is American Starlinger-Sahm, Fountain Inn, S.C.) can produce woven-tape fabric directly from PET bottle flakes. With Starlinger's "bottle to bag" technology, woven bags are made directly from recycled material and can be recycled after use.
In 2017, Conitex Sonoco USA, Inc., a manufacturer and distributor of flexible intermediate bulk container (FIBC) bags, launched BulkSak on-demand, a web-enabled inventory program that provides new and existing customers on-demand access to over 70 types of ready-to-ship FIBC bags.
Market Dynamics and Key Drivers:
Rising Demand for Rigid Intermediate Bulk Containers (RIBCs): Rigid IBCs remain the preferred choice due to their ability to securely store and transport a wide variety of products, including chemicals, food & beverages, pharmaceuticals, and lubricants. This has led to a growth in demand for RIBCs, with a forecasted CAGR of 5.6% through 2034.
Versatility Across Industries: IBCs are indispensable in industries where bulk storage and transportation are critical. Their robust design offers safety, efficiency, and convenience, contributing to their growing popularity.
Sustainability and Reusability: The inherent reusability and cost-effectiveness of IBCs make them an attractive option for businesses aiming to reduce packaging waste and costs while maintaining high standards of safety and quality control.
Access Full Report: https://www.futuremarketinsights.com/reports/intermediate-bulk-container-market
Key Segment
By Product:
RIBC
Metal
Paperboard
Plastic
Composite
FIBC
Flexitanks
Bags
By Material:
Metal & Paperboard
Plastic
PE
PP
PVC
By Content:
Liquid
Solid & Semi-Solid
By Capacity:
RIBC
Up to 1,000 Ltr.
1,000 - 1,500 Ltr.
Above 1,500 Ltr.
FIBC
Up to 500 Kg
501 to 1,000 Kg
1,001 to 1,500 Kg
Above 1,500 Kg
By End Use:
RIBC
Chemicals
Petroleum & Lubricants
Paints, Inks & Dyes
Food & Beverage
Cosmetic & Personal
Healthcare & Pharmaceuticals
Others
FIBC
Chemicals & Fertilizers
Food & Agriculture
Building & Construction
Healthcare & Pharmaceuticals
Mining
Others
By Region:
North America
Latin America
Europe
MEA
East Asia
South Asia
Oceania
Related Reports:
Rigid IBC Market - https://www.futuremarketinsights.com/reports/ribc-market
FIBC Market - https://www.futuremarketinsights.com/reports/fibc-market
IBC Liner Market - https://www.futuremarketinsights.com/reports/intermediate-bulk-container-ibc-liner-market
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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