The folding intermediate bulk containers market, or IBCs for short, is predicted to grow at a CAGR of 4.8% to reach US$ 418 million in 2022 and US$ 528 million by 2027.
IBCs, often referred to as flexible intermediate bulk containers, are reusable industrial containers used for the transportation and storage of bulk liquid and granular products such chemicals, food components, solvents, and pharmaceuticals. The title of a fresh research study from Future Market Insights is “Folding IBCs Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028,” and it offers a comprehensive overview of the worldwide folding IBCs market over the course of the anticipated period.
The report contains all the essential information on the market dynamics and the current business trends. The demand for the products that the global folding IBCs market produces is anticipated to increase, according to this in-depth research analysis. Many manufacturers and businesses are drawn to foldable IBCs because of their many benefits.
Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4476
The folding IBCs are designed to be space-efficient, improve handling, result in cost savings, and solve environmental concerns for all liquids, hazardous and non-hazardous. When the unit is empty, the sides of folding IBCs can be folded inward, making the IBC collapse into a considerably smaller package for return shipping or storage.
The vast majority of rigid folding IBCs are made to be stacked vertically on top of one another using a forklift. The folding IBCs’ smooth inner and external surfaces lessen the possibility of product contamination and make it simple to clean the containers.
The geography segment of the folding IBC market includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America and Europe are currently the largest markets for folding IBCs, due to the presence of established players and a high demand for sustainable packaging solutions. The Asia Pacific region is expected to witness the highest growth in the folding IBC market, driven by the increasing demand for folding IBCs in the chemical and food & beverage industries.
Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-4476
Overall, the folding IBC market is expected to continue its growth in the coming years, driven by the increasing demand for sustainable packaging solutions and the growing e-commerce industry. Companies in the folding IBC market are focusing on innovation and product development to meet the evolving needs of their customers
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.
Key Players:
- Schoeller Allibert Group B.V.
- Ac Buckhorn LLC
- Finncont Oy
- Arena Products Inc.
- TranPak Inc.
- TPS Rental Systems Ltd
- RPP Containers
Buy Now/Purchase @ https://www.futuremarketinsights.com/checkout/4476
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
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