Future Market Insights’ latest report forecasts that global sales of intermediate bulk containers (IBCs) are projected to total USD 25.5 billion in 2024, with a robust CAGR of 5.5% expected to drive the market valuation to an impressive USD 43.8 billion by 2034.
Rigid Intermediate Bulk Containers (RIBCs) are leading the charge, with demand anticipated to rise at a CAGR of 5.6% through 2034. This growth is attributed to the increasing adoption of RIBCs for storing and transporting a variety of products, including chemicals, food and beverage items, pharmaceuticals, and lubricants.
Core Concepts in the Intermediate Bulk Container (IBC) Industry
- Market Valuation: The global intermediate bulk container (IBC) market is projected to be worth US$ 25.5 billion in 2024.
- Demand Growth: IBC demand is expected to grow at a 5.5% CAGR, reaching US$ 43.8 billion by 2034.
- Key Drivers: The increasing need for efficient and safe packaging solutions is driving market demand.
- Industry Leaders: Top players include Greif, Inc., Mauser Packaging Solutions, and SCHÜTZ GmbH & Co. KGaA.
- Product Description: IBCs are industrial-grade reusable containers designed for storing and transporting bulk materials.
- Alternative Solutions: Flexitanks serve as an alternative to intermediate bulk containers.
Several key factors are driving the growth of the global IBC market:
- Rising Demand for IBCs Due to Increasing Trade Activities: As nations steadily recover from the recent economic downturn caused by the pandemic, trade activity is expected to witness a notable uptick during the forecast period. This surge in trade is poised to drive demand for intermediate bulk containers, with Asia emerging as a key focal point. Additionally, regions like Europe and the Middle East are projected to contribute significantly to global demand due to rising industrial activities and increased trade.
- Booming Paint and Chemical Industries Propel IBC Demand: Industries such as paints and chemicals are experiencing rapid growth, leading to a steady rise in demand for IBCs. These versatile packaging solutions are extensively utilized for the storage and transportation of paints and chemicals. Stainless steel IBC containers, in particular, are preferred for their resistance to various chemicals, ensuring the safe and efficient transportation of products without compromising quality. The IBC tank market is expected to witness steady growth owing to the essential role of IBCs in the safe transportation of hazardous materials in the paint, coating, and dyes sectors.
Key Takeaways from the Intermediate Bulk Container (IBC) Market
- The global market for intermediate bulk containers (IBCs) is slated to expand at 9% CAGR between 2023 and 2033.
- Total intermediate bulk container (IBC) sales will reach a high of US$ 23.8 billion by 2023.
- In 2033, the global intermediate bulk container (IBC) market is set to reach US$ 46.2 billion.
- Increasing demand for safe and sustainable packaging will drive demand for intermediate bulk containers in the United States.
“As intermediate bulk containers provide numerous benefits over traditional packaging methods, they are gaining immense popularity across the United States,” Says a Future Market Insights Analyst.
Competition Landscape in the Intermediate Bulk Container (IBC) Market
Key companies are investing heavily in research and development to innovate new and improved products tailored according to the needs of specific customers. They are also using various marketing and promotional strategies to increase awareness of their products and increase market share.
Recent Developments:
- In December 2022, recapitalization and merging of two suppliers of intermediate bulk containers (IBCs), Bulk Lift International LLC and Bulk Lift International LLC was announced by the private equity company New Water Capital (NWC).
- In March 2018, MaschioPack North America sold its manufacturing assets to MAUSER USA, LLC. With this purchase, MAUSER will be able to increase the size of its intermediate bulk container (IBC) business in North America and give manufacturing assistance to its reconditioning subsidiary, National Container Group (NCG).
Competitive Landscape
Companies operating in the intermediate bulk container market are aiming at expansion and strategic partnerships with other manufacturers to expand their product manufacturing capabilities and global presence.
- In 2020, Mondi, the global packaging and paper group, is investing in its Styria (Austria) plant to further boost its ability to offer safe, clean, and environment-friendly liners for flexible intermediate bulk containers.
- In 2018, Schoeller Allibert’s new foldable intermediate bulk container (IBC), Combo FRUCTUS® was created to meet the expectations of tomato paste and fruit juice industries.
- In 2018, Drewsen New technology developed by Austrian manufacturer Starlinger & Co. GmbH (U.S. office is American Starlinger-Sahm, Fountain Inn, S.C.) can produce woven-tape fabric directly from PET bottle flakes. With Starlinger’s “bottle to bag” technology, woven bags are made directly from recycled material and can be recycled after use.
- In 2017, Conitex Sonoco USA, Inc., a manufacturer and distributor of flexible intermediate bulk container (FIBC) bags, launched BulkSak on-demand, a web-enabled inventory program that provides new and existing customers on-demand access to over 70 types of ready-to-ship FIBC bags.
Access Full Report: https://www.futuremarketinsights.com/reports/intermediate-bulk-container-market
Key Segment
By Product:
- RIBC
- Metal
- Paperboard
- Plastic
- Composite
- FIBC
- Flexitanks
- Bags
By Material:
- Metal & Paperboard
- Plastic
- PE
- PP
- PVC
By Content:
- Liquid
- Solid & Semi-Solid
By Capacity:
- RIBC
- Up to 1,000 Ltr.
- 1,000 – 1,500 Ltr.
- Above 1,500 Ltr.
- FIBC
- Up to 500 Kg
- 501 to 1,000 Kg
- 1,001 to 1,500 Kg
- Above 1,500 Kg
By End Use:
- RIBC
- Chemicals
- Petroleum & Lubricants
- Paints, Inks & Dyes
- Food & Beverage
- Cosmetic & Personal
- Healthcare & Pharmaceuticals
- Others
- FIBC
- Chemicals & Fertilizers
- Food & Agriculture
- Building & Construction
- Healthcare & Pharmaceuticals
- Mining
- Others
By Region:
- North America
- Latin America
- Europe
- MEA
- East Asia
- South Asia
- Oceania
About Future Market Insights (FMI)
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.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube