According to Future Market Insights, the global intermediate bulk container (IBC) market is projected to grow significantly from 2023 to 2033. The market is expected to expand from US$ 23.8 billion in 2023 to US$ 46.2 billion by 2033, with a compound annual growth rate (CAGR) of 6.9% during the forecast period.
The growth of the global IBC market is primarily driven by the rising import and export activities of essential goods such as pharmaceuticals, food and beverages, fertilizers, and petroleum across the globe. The demand for practical and safe bulk packaging solutions is also contributing to the market’s growth.
Intermediate bulk containers are preferred for the storage and transportation of 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 increase in the coming years.
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The lack of viable and effective packaging solutions for certain products hinders their international export or trade. Intermediate bulk containers, including rigid IBCs and flexible intermediate bulk containers (FIBCs), provide highly cost-effective packaging alternatives that ensure the products reach their destination in their original state. Exploring untapped markets for product exports presents opportunities for the expansion of the IBC market during the forecast period.
The demand for intermediate bulk containers is also driven by the need for modern containers to transport large quantities of liquids and the shift towards reducing packaging waste. FIBCs, in particular, are suitable for exporting food products due to their long shelf life and lightweight nature, making them a preferred choice over alternatives such as corrugated boxes.
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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.
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
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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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