According to Future Market Insights, the global intermediate bulk containers (IBCs) market is set to experience substantial growth in the coming years. It is projected to increase from US$ 23.8 billion in 2023 to US$ 46.2 billion by 2033, with a compound annual growth rate (CAGR) of 6.9% from 2023 to 2033.
This growth is primarily driven by the rising import and export of essential goods worldwide, such as pharmaceuticals, food and beverages, fertilizers, and petroleum. The demand for efficient and secure bulk packaging solutions is also contributing to the expansion of the market.
Intermediate bulk containers are highly preferred for storing and transporting large quantities of solid, semi-solid, and liquid goods due to their convenience, safety, and cost-effectiveness. As more companies in sectors like food and beverage, pharmaceuticals, and chemicals adopt bulk packaging options, the sales of intermediate bulk containers are expected to rise during the forecast period.
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One of the factors limiting the international export or trade of certain products is the lack of viable and effective packaging solutions. However, intermediate bulk containers, including rigid IBCs and flexible intermediate bulk containers (FIBCs), offer highly cost-effective packaging alternatives that ensure products reach their destination intact. Exploring untapped markets for product exports presents opportunities for the expansion of the IBC market in the forecast period.
Furthermore, the demand for intermediate bulk containers is driven by the need for modern containers to transport large quantities of liquids and the growing focus on reducing packaging waste. FIBCs, with their long shelf life and lightweight nature, are particularly suitable for exporting food products, making them a preferred choice over alternatives like corrugated boxes.
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.
“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.
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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
Why is the USA Considered a Highly Profitable Intermediate Bulk Container Market?
Growing Export of Essential Commodities to Boost Intermediate Bulk Container Sales in the USA
According to Future Market Insights analysis, the USA is expected to hold around 86.7% share of North America intermediate bulk container market by 2033, making it one of the most lucrative markets. In 2022, total market size in the country reached a massive valuation of US$ 3.5 billion.
Rising export of food, chemical, and pharmaceutical products, increasing demand for safe and convenient bulk packaging solutions, and strong presence of IBC manufacturers are few of the key factors driving the USA intermediate bulk container (IBC) market forward.
Various safety regulations are implemented by regulatory bodies in the United States of America to ensure sanitary transportation practices. For instance, as per Section 416 of the Food and Drug Administration (FDA), the delivery services have to ensure that agriculture and medicine products are not delivered under any means of the state that may render the product damaged.
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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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