According to Future Market Insights, the global intermediate bulk container (IBC) market size is forecast to inflate from US$ 23.8 billion in 2023 to US$ 46.2 billion by 2033. Overall intermediate bulcontainer demand is expected to surge at 6.9% CAGR throughout the assessment period (2023 to 2033).
Introduction
Intermediate Bulk Containers (IBCs) are large containers designed for the transportation and storage of bulk materials. They are used across a wide range of industries such as chemical, pharmaceutical, food and beverage, cosmetics, and agriculture, to name a few. The IBCs come in different shapes, sizes, and materials, but they all share one common goal: to provide a safe and secure way to transport and store products.
Increasing import and export of essential commodities such as pharmaceuticals, food & beverages, fertilizers, and petroleum across the world and growing demand for safe and convenient bulk packaging solutions are the key factors driving the global intermediate bulk container (IBC) market forward.
Intermediate bulk containers have emerged as ideal packaging solutions for storing and transporting bulk solid, semi-solid, and liquid materials due to their safer, convenient, and cost-effective nature. Rising usage of these bulk packaging solutions across industries such as food & beverage, pharmaceutical, and chemical is expected to boost intermediate bulk container sales during the forecast period.
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Factors such as ever-emerging 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 intermediate bulk container sales globally.
FIBCs are the most suitable option for the export of food products. Flexible intermediate container (FIBC) bags are preferred over corrugated boxes, as they have a relatively high shelf-life and are also lightweight.
Key Takeaways from Intermediate Bulk Containers (IBC) Market
- By product type, the flexible IBC segment is likely to hold around 94% market share by the end of 2033.
- Based on material, plastic segment will continue to dominate the global intermediate bulk container (IBC) market during the next decade.
- In terms of content, solid & semi-solids segment is forecast to showcase an incremental opportunity of US$ 20.3 billion, during the assessment years.
- By end use, chemicals sub-segment in RIBCs category is estimated to create an incremental opportunity of US$ 1.2 billion during the projection period while food and agriculture sub-segment of FIBCs category is estimated to create an incremental opportunity of US$ 8.4 billion by the end of 2033.
- Europe is forecast to remain at the leading position and hold around 1/3rd share of the global market during the assessment period.
- With increasing manufacturing activities, East Asia and South Asia markets are estimated to witness a gain of 250 bps and 140 bps of current market share respectively by 2033.
- The U.S. intermediate bulk container (IBC) market reached US$ 3.5 billion in 2022 and it is expected to hold 86.7% share of North America market by 2033.
- China’s intermediate bulk container market is forecast to exhibit a CAGR of 8.5% between 2023 and 2033.
“Growing demand for flexible and rigid intermediate bulk containers due to their packaging capabilities in storing and transporting liquid, semi-solid and solid contents safely and conveniently is anticipated to provide a strong thrust to the global intermediate bulk container market development,” says an FMI analyst
High Demand for Advanced Containers for Large Quantity Liquid Transportation to Facilitate Intermediate Bulk Container Market Expansion
Most European countries have witnessed a steady recovery from the recent recession caused by the pandemic, and are likely to increase trade activities over the forecast period. This, coupled with healthy growth in the trade volume of IBCs in the East Asia & South Asia regions, is expected to play a crucial role in stabilizing global trade.
Since there is a noteworthy existence of a link between the supply and demand chains for industrial packaging, enhanced industrial packaging demand is evident, with stabilized manufacturing sector output. Though the demand for IBCs is likely to be concentrated in the Asian region, an important contribution to the global demand is also expected from other regions such as Europe and MEA because of the increase in the transportation of large volumes of goods.
The USA intermediate bulk container market is expected to register robust growth over the forecast period because of the increasing volume of export and import goods such as petroleum, food, chemicals, paints, and other commodities. One of the key reasons augmenting the demand for IBCs is the efficiency of the manufacturing industry and industrial output.
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Ever-increasing Cross Country Trade to Boost IBCs Demand
In recent years, there has been a dramatic rise in cross-country trade due to globalization and open trade policies, and the trend is expected to further escalate during the upcoming years. This in turn will generate high demand for bulk packaging solutions such as intermediate bulk containers (IBCs).
Regions such as North America are seeing an exponential rise in demand for food, petroleum, and chemical applications. Around 33% of the agricultural land in the USA is meant only for exports, which propels the need for bulk packaging. IBCs offer several benefits such as reusability, leading to their long range of applications across various end users.
Further, one of the key factors leading to adoption of IBCs is their exponentially small contamination problem, since IBCs are manufactured with utmost care and periodic reconditions.
Who is Winning?
Greif Inc., SCHUTZ GmbH & Co. KGaA, and Mauser Packaging Solutions are the top players operating in the intermediate bulk containers market. Further, Berry Global Inc., International Paper Company, DS Smith Plc and Mondi Group are also noticeable players in the intermediate bulk containers market. The 3-tier players of the market hold 55 to 65% of the global intermediate bulk containers market. Summarizing everything, key players will contribute almost 25 to 30% of the global market.
Grief Inc, Berry Global, Inc, Thielmann US LLC, SIA Flexitanks Limited, Schafer Werke Gmbh, Time Technoplast Ltd, International Paper Company, DS Smith Plc, HCS Group, Mondi Plc, SCHÜTZ GmbH & Co. KGaA, Mauser Packaging Solutions, Hoover Ferguson Group, Snyder Industries, Inc, Obal Centrum s.r.o, Bulk Lift International, Inc, Transtainer, Pensteel Ltd, and SYSPAL Ltd, are few of the key intermediate bulk container manufacturers operating worldwide.
Intermediate Bulk Container (IBC) Industry by Category
By Product:
- RIBC
- Metal
- Paperboard
- Plastic
- Composite
- FIBC
- Flexitanks
- Bags
By Material:
- Metal & Paperboard
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
By Content:
- Liquid
- Solid & Semi-Solids
By Capacity:
- RIBC
- Up to 1,000 L
- 1,000 – 1,500 L
- Above 1,500 L
- 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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