The flexible intermediate bulk containers (IBCs) market, specifically folding IBCs, is expected to experience significant growth in the coming years, with a projected compound annual growth rate (CAGR) of 4.8%. It is anticipated to reach a value of US$418 million by 2022 and increase to US$528 million by 2027.
The growth in the folding IBC market can be attributed to several factors. Firstly, folding IBCs offer numerous benefits, such as cost-effectiveness and space efficiency, making them ideal for transporting and storing bulk liquids and granular materials. The ability to fold inward when empty allows for significant space savings during storage or return transportation. Additionally, their stackability and compatibility with forklifts make them practical for a wide range of industrial applications.
Another factor driving the growth of folding IBCs is the increasing demand for eco-friendly packaging options. Folding IBCs are considered environmentally friendly due to their reusability and ability to minimize waste. With the growing emphasis on sustainability and the need for more eco-conscious packaging solutions, folding IBCs are becoming a preferred choice in various industries.
Furthermore, the expanding e-commerce sector is contributing to the demand for folding IBCs. As online shopping continues to thrive, there is a greater need for efficient and reliable packaging solutions to transport goods. Folding IBCs provide a reliable and secure option for bulk packaging, ensuring the safe delivery of products to consumers.
Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4476
Currently, the folding IBC market is dominated by North America and Europe, where there are well-established producers and a significant demand for environmentally friendly packaging options. However, the Asia Pacific region is expected to witness the fastest growth in the market. This can be attributed to the rapid industrialization and economic development in the region, leading to an increasing need for folding IBCs in sectors such as chemicals and food & beverages.
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
The demand for folding intermediate bulk containers (IBCs) in different countries can be attributed to various factors:
United Kingdom (U.K.): The expansion of the food and beverage industry in the U.K. is fueling the demand for folding IBCs. The food and drink industry is the largest manufacturing sector in the country, contributing significantly to the economy. With the industry’s annual contribution of USD 33 billion and its role in the nation’s ‘farm to fork’ food chain, there is a need for efficient and reliable transportation and storage solutions like folding IBCs. These containers provide a convenient and cost-effective means of transporting food and beverage products, supporting the growth of the industry.
China: The demand for folding IBCs is increasing in China due to several factors. China holds a major share of the Asia Pacific (excluding Japan) folding IBCs market. The country has witnessed significant growth in industrial production, with an 8.8% increase reported during 2020-2021. This growth in industrial activities creates opportunities for the adoption of folding IBCs, as these containers are widely used for storage, handling, and transportation in various industries. The high compound annual growth rate (CAGR) projected for the folding IBCs market in China reflects the growing demand and adoption of these containers in the country.
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