Intermediate bulk containers sales have considerably increased across industries such as FMCG, chemicals, paints, and petroleum. Future Market Insights (FMI) has predicted the sales of intermediate bulk containers (BIC) to increase at 6.8% CAGR through 2031.
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There are numerous products that are not traded to different regions due to the unavailability of effective packaging types to transport them. Intermediate bulk containers (RIBCs and FIBCs) are cost-effective packaging solution, which ensure the product is shipped in its original form to the importer.
Prospecting untapped regions for exports of products will create abundance of opportunities for the growth of the IBC market. For example, Europe has highest consumption capacity of organic food products, according to Research Institute of Organic Agriculture.
Shipping of these organic products from various regions will require the use of bulk bags, further strong arming the market in this region. FIBCs are considered most suitable option for the export of food products.
FIBC bags are replacing corrugated boxes, as they have relatively high shelf-life and are light in weight. The use of IBCs for transportation of products and fluids is expected to create impressive opportunities for the bulk container packaging market.
FMI has forecast that the demand and sales of intermediate bulk containers will be definite and in increasing order. Factors such as ever-increasing cross country trade, increased demand for modern containers to carry large liquid quantities and reforming of rigid IBCs for reducing packaging scrap will exponentially increase the sales globally.
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The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Intermediate Bulk Container (IBC) market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Intermediate Bulk Container (IBC) Market: Segmentation
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.
Intermediate Bulk Container (IBC) Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Intermediate Bulk Container (IBC) market. Competitive information detailed in the Intermediate Bulk Container (IBC) market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Intermediate Bulk Container (IBC) market report.
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Important Questions Answered in the Intermediate Bulk Container (IBC) Market Report
Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Intermediate Bulk Container (IBC) market been expanding during the forecast period?
How will the global Intermediate Bulk Container (IBC) market look like by the end of the forecast period?
What innovative strategies are adopted by Intermediate Bulk Container (IBC) market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Intermediate Bulk Container (IBC) market?
Key Offerings of the Report
Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Intermediate Bulk Container (IBC) market
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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