Sales of container containers have increased significantly across industries such as FMCG, chemicals, paints and petroleum. Future Market Insights (FMI) forecasts intermediate bulk container (BIC) sales to grow at a CAGR of 6.8% by 2031.
There are many products that are not traded in different regions due to the lack of effective packaging types for transporting them. Intermediate bulk containers (RIBC and FIBC) are cost-effective packaging solutions that ensure that products are shipped to importers in their original form.
Greif Inc., SCHUTZ GmbH & Co. KGaA and Mauser Packaging Solutions are top players operating in the intermediate bulk container market. In addition, Berry Global Inc., International Paper Company, DS Smith Plc, Mondi Group also, attention in the intermediate bulk container market to collect you. The three-tier player in the market holds 55-65% in the global intermediate bulk container market. To summarize all the major players, it contributes almost 35-45% of the global market.
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Exploring undeveloped areas for product exports will create a wealth of opportunities for the growth of the IBC market. For example, according to the Institute of Organic Agriculture, Europe has the highest consumption capacity for organic foods.
Shipping these organic products from different regions requires the use of bulk bags , further arming the markets in this region. FIBC is considered the best choice for food exports.High demand for advanced containers for bulk liquid transport increases sales
Most European countries are steadily recovering from the recent recession caused by the pandemic, and trade activity may increase over the forecast period. This, coupled with the healthy growth of IBC trade volumes in East and South Asia, is expected to play an important role in stabilizing world trade.
With notable links in the supply and demand chain of industrial packaging, it is clear that manufacturing has stabilized production and demand for industrial packaging has increased.
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.
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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
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By Region:
- North America
- Latin America
- Europe
- MEA
- East Asia
- South Asia
- Oceania
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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