Future Market Insights predicts a significant rise in the global intermediate bulk container (IBC) market, with the market value projected to increase from US$ 23.8 billion in 2023 to US$ 46.2 billion by 2033. The demand for IBCs is expected to grow at a compound annual growth rate (CAGR) of 6.9% during the period from 2023 to 2033.
One of the key drivers for the expansion of the global IBC industry is the increasing import and export of essential commodities such as pharmaceuticals, food and beverages, fertilizers, and petroleum on a global scale. The need for reliable and secure bulk packaging solutions contributes to the market’s growth.
Intermediate bulk containers are favored for storing and transporting large quantities of solid, semi-solid, and liquid products due to their convenience, safety, and cost-effectiveness. As more businesses in industries such as food and beverage, pharmaceuticals, and chemicals adopt bulk packaging options, the sales of IBCs are expected to increase over the forecast period.
The absence of viable and efficient packaging solutions for certain products hampers their international export or trade. Intermediate bulk containers, including rigid IBCs and flexible intermediate bulk containers (FIBCs), offer highly cost-effective packaging alternatives that ensure the products maintain their original condition during transportation. Exploring untapped markets for product exports presents opportunities for the expansion of the IBC market during the forecast period.
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The demand for IBCs is also driven by the need for modern containers to transport large volumes of liquids and the growing trend of transitioning from rigid IBCs to reduce packaging waste. FIBCs are particularly suitable for exporting food products due to their extended shelf life and lightweight nature, making them a preferred choice over alternatives like corrugated boxes.
Please keep in mind that the information provided is based on Future Market Insights’ analysis. As an AI language model, I don’t have access to real-time data or the ability to validate specific market predictions. To obtain the most accurate and up-to-date information about the intermediate bulk container market, it is advisable to refer to the latest industry reports and consult industry experts.
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 7% share of North America market by 2033.
- China’s intermediate bulk container market is forecast to exhibit a CAGR of 5% between 2023 and 2033.
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“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
Competition Landscape in the Intermediate Bulk Container (IBC) Market
Key manufacturers and companies are investing heavily in research and development efforts. This includes investing in new technologies that are aimed at improving efficiency, safety, and cost savings associated with transporting products. These investments will not only help companies remain competitive in the market but also ensure the reliable delivery of goods to customers.
TriEnda, Sonoco ThermoSafe, and Air are key companies in intermediate bulk container (IBC) market.
Recent Developments:
- In June 2020, Bulk Bag Pallet, a revolutionary new flexible intermediate bulk container (FIBC) solution was introduced by TriEnda.
- In August 2021, the world’s leading air cargo carrier, Air, and Sonoco ThermoSafe, a division of Sonoco and the leading global producer of temperature assurance packaging, announced a global collaboration agreement for the leasing of the innovative Pegasus ULD® climate controlled bulk shipping container.
Key Players:
- Grief Inc
- Thielmann US LLC
- Schafer Werke Gmbh
- Time Technoplast Ltd
- International Paper Company
- DS Smith Plc
- Mondi Plc
Regional Outlook
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2023 to 2033.
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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
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