The North American IBC liners market is expected to reach nearly US$ 135 Mn by 2020-end. While a Pan-American packaging legislation is absent, the federal government has asserted its authority to regulate, food, drug and cosmetic packaging to enhance consumer safety and confidence.
Future Market Insights (FMI) has recently published an exhaustive study on the global IBC liners market, bringing to fore credible insights on the key market trends impacting growth from 2020-2030.
As per FMI’s analysis, the IBC liners market is projected to expand at nearly 5% value CAGR through 2030, reaching US$ 1.2 Bn in revenue.
Opportunities abound across the recyclable and reusable IBC liner packaging solutions. A case in point, French paper manufacturing giant Ahlstrom has been extensively utilizing this technology to incur cost savings of approximately € 30,000 and significant decrease in manufacturing footprint.
Report: www.futuremarketinsights.com/reports…p-gb-12772
Key Takeaways
- North America to generate US$ 135 Mn by 2020-end, East Asia to emerge as a lucrative market
- Polyethylene IBC liners to account for over one-third revenue share in the immediate forecast period
- Food-grade IBC liners packaging to remain lucrative, non-alcoholic beverages to generate 17% revenue by 2020-end
- By thickness, 50 to 100 micron IBC liners to hold dominant revenue share
- Aseptic packaging likely to expand at nearly 6% CAGR through 2030
- Liquid packaging solutions to emerge as a lucrative segment by content type
“Prominent manufacturers are foraying into emerging economies across the East & South Asian market so as to capture a wide consumer base, thereby accelerating growth prospects in the long-run,” comments the FMI analyst.
COVID-19 Impact Analysis
The COVID-19 pandemic has generated significant expansion avenues for the global packaging industries, with credible potential existing across the food & beverage, cosmetics and pharmaceuticals segments. As the world prepares for another incoming wave of infections, manufacturers are strengthening existing supply chains to mitigate any further recessionary impacts.
Furthermore, demand has surged across the food & beverage and pharmaceutical segments respectively.
For instance, significant spike in sales of Remdesivir were recorded, attributed to the designation of the Emergency Use Authorization (EUA) status by the US FDA in the initial stages of the pandemic.
All these aforementioned trends have therefore enhanced the need to incorporate efficient packaging solutions, thereby broadening growth prospects for the IBC liners market.
Report: www.futuremarketinsights.com/request…p-gb-12772
Competitive Landscape
Prominent players operating in the global IBC liners landscape include Amcor Plc, Sealed Air Corporation, Peak Packaging Ltd, Nittel GmbH & Co KG, Composite Containers LLC, Paper Systems Inc, Arena Products Inc., Brambles Industries Ltd., Hanlon Solutions Resource Inc. and CDF Corporation to name a few.
Manufacturers rely on strategic alliances, mergers & acquisitions, new product launches and expansion of geographical outreach to acquire a deeper customer base. Moreover, they are also furthering existing research capacities to incorporate novel technological advancements so as to offer enhanced packaging solutions.
Key Segments
Capacity
- Up to 1,000 liters
- 1,000 to 1,500 liters
- Above 1,500 liters
Material Type
- Polyethylene
- LDPE
- LLDPE
- Polyamide (PA)
- Polypropylene (PP)
- EVOH
- Aluminum Foil
- Others (PVC, PET)
Thickness
- Up to 50 micron
- 50 to 100 micron
- 100 to 150 micron
- Above 150 micron
Content Type
- Powder & Granules
- Liquids
Filling Technology
- Aseptic
- Non-aseptic
End-use
- Food
- Edible Oil
- Dry Food
- Beverages
- Alcoholic
- Non-Alcoholic
- Chemicals
- Specialty
- Commodity
- Paints, Inks & Dyes
- Agricultural
- Pharmaceuticals
- Biopharmaceuticals
- Petroleum, Lubricants & Others