The folding intermediate bulk containers (IBCs) market, which includes flexible IBCs, is projected to experience significant growth in the coming years. By 2022, it is estimated to reach US$418 million and is expected to reach US$528 million by 2027, with a compound annual growth rate (CAGR) of 4.8%. This growth is attributed to various factors such as the benefits offered by folding IBCs, the increasing demand for sustainable packaging solutions, and the expanding e-commerce industry.
Folding IBCs are designed to be space-efficient and cost-effective, providing advantages for transportation and storage of bulk liquids and granular materials. The ability to fold the IBCs inward when empty allows for significant space savings during return shipping or storage. Additionally, the stackability and ease of handling with forklifts make folding IBCs convenient for industrial applications.
North America and Europe currently dominate the folding IBC market due to the presence of established manufacturers and a high demand for sustainable packaging solutions in these regions. However, the Asia Pacific region is expected to witness the highest growth in the folding IBC market. This growth can be attributed to the increasing demand for folding IBCs in industries such as chemicals and food & beverages, driven by the region’s rapid industrialization and economic development.
Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4476
Key Takeaways:
- The folding IBC market is projected to reach US$528 million by 2027, with a CAGR of 4.8%.
- Folding IBCs offer benefits such as space efficiency, cost savings, and environmental sustainability.
- North America and Europe are currently the largest markets for folding IBCs, while the Asia Pacific region is expected to experience the highest growth.
- The growth of the folding IBC market is driven by the demand for sustainable packaging solutions and the expanding e-commerce industry.
- Manufacturers in the folding IBC market are focusing on innovation and product development to meet evolving customer needs.
Competitive Landscape
The key manufacturers operating in folding IBCs market are focusing on increasing their production capacity to meet the increasing demand for folding IBCs. Moreover, the key players are increasing their product portfolio to cater for the growing folding IBCs market.
- In 2021, a company known as BP Polymers has introduced Kortrax® Barrier Resin, for Baritainer® drums, jerry cans, intermediate bulk containers (IBC) and HDPE plastic bottles.
- In 2020, Schoeller Allibert’s company has designed a foldable IBCs for international logistics and to meet the latest expectations of the pharmaceutical, cosmetics, and food processing industries.
- In 2020, a company named Mondi plc., is advancing its product portfolio in its plant situated in Styria (Austria) to further boost its ability to offer liners that are environment-friendly for intermediate bulk containers.
Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-4476
Key Players:
- Schoeller Allibert Group B.V.
- Ac Buckhorn LLC
- Finncont Oy
- Arena Products Inc.
- TranPak Inc.
- TPS Rental Systems Ltd
- RPP Containers
Folding IBCs Market by Category
By Material, Folding IBCs Market is Segmented as:
- Metal Folding IBCs
- Carbon Steel Folding IBCs
- Stainless Steel Folding IBCs
- Plastic Folding IBCs
Buy Now/Purchase @ https://www.futuremarketinsights.com/checkout/4476
By Capacity, Folding IBCs Market is Segmented as:
- Up to 500 L
- 501 to 1,000 L
- 1,001 to 1,500 L
- Above 1,500 L
By Application, Folding IBCs Market is Segmented as:
- Chemicals
- Hazardous
- Non-Hazardous
- Petrochemical Products
- Paints, Inks, & Dye
- Food & Beverage
- Automotive & Mechanical Parts
- Cosmetic & Toiletries
- Others
By Packaging Content, Folding IBCs Market is Segmented as:
- Liquid
- Solid & Semisolid
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com