The intermediate bulk container market share will post an incremental growth of USD 4,026.05 million, progressing at a CAGR of 7.16% during the forecast period. The rise in containerization will offer immense growth opportunities to market vendors. The market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
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The intermediate bulk container market is segmented by type (plastic, metal, and corrugated), end-user (chemical, pharmaceutical, food, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
The growth of the intermediate bulk container market size by the plastic segment will be significant during the forecast period. Advanced polymer material has superior strength, does not crack under extreme temperatures, is resistant to corrosion, and will not shatter or crack at high temperatures. Hence, the above-mentioned factors are expected to fuel the growth of the plastic segment in the global IBC market during the forecast period.
APAC is estimated to contribute 35% to the growth of the global market during the forecast period. APAC is expected to account for the largest market share of the global market during the forecast period. China is one of the leading consumers of intermediate bulk containers and contributes a considerable share of the market in APAC.
The rise in containerization will directly influence the sales of intermediate bulk containers. In addition, the revival in demand for material handling containers is one of the major intermediate bulk container market trends that will positively impact the market growth. However, factors such as the volatility of raw material prices will hamper the intermediate bulk container market growth.
The market is fragmented due to the presence of several players. Some of the major intermediate bulk container market vendors are Berry Global Inc., Bulk Lift International LLC, BWAY Corp., DS Smith Plc, FlexiTuff Ventures International Ltd., Global Pak Inc., Greif Inc., Hawman Container Services, Hoover Circular Solutions, HOYER GmbH, Intertape Polymer Group Inc., LC Packaging International BV, Material Logistics Handling Pty. Ltd., Mondi plc, OBAL CENTRUM s.r.o., Schafer Werke Gmbh, SCHUTZ GmbH and Co. KGaA, SIA Flexitanks, SYSPAL Ltd., Thielmann Portinox Spain SA, and Snyder Industries Inc.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2023-2027.
CAGR of the intermediate bulk container market forecast during 2023-2027.
Market-level data on units, average selling prices, and values of the intermediate bulk container market share.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the intermediate bulk container market.
Intermediate bulk container industry growth across APAC, North America, Europe, Middle East and Africa, and South America.
