The IBC liner market is expected to reach a valuation of US$ 1,463.07 million by the end of the forecast period registering a CAGR of 4.9%. The significant growth is likely to be propelled due to the expanding demand from the food industry. The chemical sector too is anticipated to be driving growth for the IBC liners market.
Polyamide along with polyethylene is being increasingly used for making IBC liners. This is the reason for the increasing use of plastic as a component in the materials segment.
The global trade sector is significantly rising which is increasing the need for the transportation of goods. This necessitates environmentally friendly packaging solutions. As IBC liners are useful as strong barriers to the spillage of chemicals, they are increasingly used by the chemical sector. Further, the pandemic ensured that the need for packaged food increased and this led to a rise in demand for IBC liners. The avoidance of contamination is a key factor in increasing the demand for IBC liners from the chemical industry.
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North America, Europe, and Asia Pacific are likely to be the dominant regions for the market over the forecast period. The United States is expected to be the significant market in the North American region. The rising pharmaceutical sector in the United States is the reason for boosting the market. Further, the United States is also the region for the presence of some leading chemical industries which are also propelling the market growth.
Key Takeaways for the Market
- The market is expected to register a CAGR of 4.9% and reach a valuation of US$ 1,463.07 million by the end of 2033.
- The increasing trade initiatives and positive government regulations are growing market in India.
- The market is expected to reach a valuation of US$ 950.33 million by end of 2023.
- Germany to likely to be a dominant market in the European region.
- China is anticipated to be a significant market in the Asia Pacific region. Cost-effectiveness is increasing the need for enhanced packaging solutions and thus being in factor in market growth.
- The Indian market is expected to register a CAGR of 8.8% over the forecast period.
- The United States market is anticipated to record a CAGR of 3.2% over the forecast period.
- The German market is likely to thrive at a CAGR of 2.3% from 2023 to 2033.
Competitive Landscape:
Key players in the global market for IBC liners don’t have much to compete with as the product is quite similar to all. However, several key players are investing heavily in research and development to advance product quality. Further, the key players are engaged in collaborations to spread their wings in the market. They are also strengthening their portfolio of products to fulfill customer needs and thus grow business. With advanced technology and product enhancements, the market is expected to grow tremendously in the coming years.
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Key Segments Covered
By Capacity:
- Up to 1,000 liters
- 1,000 to 1,500 liters
- Above 1,500 liters
By Material Type/ Content Type:
- Polyethylene (PE)
- Low-density Polyethylene (LDPE)
- Linear low-density polyethylene (LLDPE)
- Polypropylene (PP)
- Polyamide (PA)
- Ethylene Vinyl Alcohol (EVOH)
- Aluminum Foil
- Others (PET, PVC, etc.)
- Powder & Granules
- Liquid Segments
By Filling Technology:
- Aseptic
- Non-aseptic
By End User:
- Food and Beverages
- Chemicals
- Agricultural
- Pharmaceuticals
- Pain
- Inks and Dyes
- Petroleum Lubricant Industries
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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