According to Future Market Insights, the global intermediate bulk container (IBC) market is expected to undergo significant growth, with its value increasing from US$23.8 billion in 2023 to US$46.2 billion by 2033. This represents a compound annual growth rate (CAGR) of 6.9% during the forecast period of 2023 to 2033.
The growth of the global IBC market can be attributed to several factors. One key driver is the rising import and export of essential goods across industries such as pharmaceuticals, food and beverages, fertilizers, and petroleum worldwide. The need for practical and secure bulk packaging solutions is also fueling the demand for intermediate bulk containers.
Intermediate bulk containers offer a convenient, safe, and cost-effective means of storing and transporting large quantities of solid, semi-solid, and liquid goods. 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.
In certain cases, the lack of suitable and effective packaging solutions hampers the international export or trade of specific products. Intermediate bulk containers, including rigid IBCs and flexible intermediate bulk containers (FIBCs), provide highly cost-effective packaging alternatives that can ensure products reach their destination in optimal condition. Exploring untapped markets for product exports presents opportunities for the expansion of the IBC market.
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The demand for intermediate bulk containers is also driven by the need for modern containers to transport large volumes of liquids and the trend toward reducing packaging waste. FIBCs, in particular, are well-suited for exporting food products due to their extended shelf life and lightweight nature, 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.
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“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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