Latest News- Intermediate Bulk Container Market: Chemical is expected to lead the End-user segment during 2025-2029

The Intermediate Bulk Container Market is being driven by High demand for intermediate bulk containers from construction industry

The Intermediate Bulk Container Market is expected to grow at a CAGR of 4.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4117.3 million. The global economic downturn caused by the Covid-19 pandemic in 2020 and 2021 significantly impacted various industries, including manufacturing and construction, resulting in a decrease in demand for chemicals and petrochemicals. This decline in industrial output led to a subsequent reduction in the demand for industrial packaging solutions, such as Intermediate Bulk Containers (IBCs). However, the recovery of global industrial activities in 2022 and the subsequent decline in crude oil prices in November 2022 have shown promising signs of revival in the IBC market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• High demand for intermediate bulk containers from construction industry
• Growing manufacturing industry
• Rise in containerization

However, the market also witnesses some limitations, which are as follows:

• Volatility of raw material prices
• Stringent regulations on use of intermediate bulk containers for food packaging
• High availability of substitutes

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Market Scope in Intermediate Bulk Container Market Research Report

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Research Analysis Overview

The Intermediate Bulk Container (IBC) market encompasses various types of containers, including plastic, metal, and corrugated, used for transporting bulk liquids and powders in global trade. Drivers for this market include the need for eco-friendly packaging, federal regulations, and the handling of chronic diseases, hazardous materials, lubricants, paints, and flood control activities. IBC totes come in industrial-grade, reusable, and sustainable materials such as high-density polyethylene. Stacking and pallet jack compatibility are essential features. Carbon footprints and sustainability are increasingly important considerations, with plastic containers facing criticism for their environmental impact. IBCs are used in various industries for handling bulk liquids, powders, and other materials, making them essential for numerous applications.

Market Research Overview

The Intermediate Bulk Container (IBC) market encompasses various types of containers, including plastic, metal, corrugated, high-density polyethylene (HDPE), and propylene. These containers find extensive applications in diverse industries, such as pharmaceuticals, agriculture, and flood control. Chronic diseases necessitate the transportation and storage of pharmaceutical products in compliant IBCs. Agricultural applications include fertilizer and pesticide storage, while flood control projects utilize IBCs for sandbag production. The choice of container material depends on the specific application requirements, ensuring optimal efficiency and safety.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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