Large vessels known as intermediate bulk containers (IBCs) are frequently used to transport and store goods including raw materials, bulk hazardous chemicals, petrochemical products, etc. The market for intermediate bulk containers has been driven by the rapid development in demand for ocean transportation containers due to expanding global trade.
New, strict requirements as a result of growing environmental concerns around the recycling and disposal of rigid bulk containers force end users to reuse their packaging. Cross contamination could result through the reuse of intermediate bulk containers that previously held waste or leftovers. Thus, companies that produce bulk industrial packaging are working to offer reconditioning services. Reconditioned IBC go through a number of processes before being cleaned of all leftovers.
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Reconditioned IBC Market: Dynamics
Across the globe, the declined rate to scrap rigid containers on the backdrop of rising inclination towards reconditioned services have led to lower packaging waste. Lucrative growth opportunities in the industrial chemical packaging industry is expected to lead increased demand for reconditioned IBC and are expected to witness rising growth over the forecast period.
Competitive Landscape
Key reconditioned IBC companies in the global market are focusing on product innovations and offering customized industrial packaging solutions to increase their customer bases. They are also adopting strategies such as acquisitions, mergers, collaborations, partnerships, and joint ventures to strengthen their market position.
A few leading companies operating in the global market for reconditioned IBCs include Schutz Container Systems, Inc., Mauser Group B.V, Greif, Inc., Rahway Steel Drum Co Inc., Accon group AS, Precision IBC, Inc, TPL Plastech Limited, Recontainers Ltd, and OBAL CENTRUM s.r.o., among others.
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Recent Developments:
- In September 2021, to enhance its intermediate bulk packaging and plastic drum production capacity at its Türkiye facility, Mauser Packaging Solutions made substantial investments in state-of-the-art equipment. This step will also facilitate the accumulation and supply of reconditioned packaging in the region.
- In April 2020, to further expand its IBC reconditioning network in North America, Greif, Inc. acquired a minority stake in Centurion Container LLC
- In November 2021, Metano IBC Services was acquired by Precision IBC, Inc.
- Mauser Group B.V
- Greif, Inc.
- Schutz Container Systems, Inc
- General Steel Drum LLC
- Rahway Steel Drum Co Inc.
- TPL Plastech Limited
- Accon group AS
- Precision IBC, Inc
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Reconditioned IBC Industry Outlook by Category
By Material Type:
- Metal IBCs
- Composite IBCs
By Capacity:
- Standard
- 1,040 liters (275 US gal)
- 1,250 liters (330 US gal)
- Customized Capacities
By End Use:
- Industrial Chemicals
- Petroleum & Lubricants
- Paints, Inks & Dyes
- Food & Beverages
- Waste Disposal/Recycling & Silage
- Others (Construction, Pharmaceuticals)
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
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