high demand for intermediate bulk containers from construction industry is driving the Intermediate Bulk Container Market

Latest News:- Intermediate Bulk Container Market: Chemical is expected to lead the End-user segment during 2024-2028

Technavio analyzes that the Intermediate Bulk Container Market is expected to grow at a CAGR of 4.69% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3.90 billion.There are various factors that contribute to the growth of the market. The construction industry holds a significant demand for intermediate bulk containers (IBCs) due to their versatility and efficiency in transporting and storing bulk materials such as cement, admixtures, and water. IBCs offer numerous advantages, including ease of handling, reduced transportation costs, and improved safety compared to traditional methods. This trend is expected to continue as the construction sector continues to grow and evolve, making IBCs an essential component in its supply chain.

In the dynamic chemical industry, Intermediate Bulk Containers (IBCs) have emerged as a preferred solution for the efficient and eco-friendly transportation and handling of chemicals, lubricants, and other bulk liquids. With the surge in e-commerce and direct-to-consumer distribution, there is a growing demand for secure and compliant packaging solutions. In 2021, the US chemical market recorded shipments worth over USD768.9 billion, with organic chemicals accounting for over 40% of the total. Asia, particularly China and South Korea, dominated global chemical sales, contributing over 65% of the worldwide market. Emerging markets in Russia and South Africa are also experiencing significant growth. Adhering to stringent federal regulations, IBC totes offer a sustainable and cost-effective alternative to traditional drums and tanks, making them an indispensable asset in the chemical supply chain. 

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Intermediate Bulk Container Market Segmentation

• End-user
  • Chemical
  • Pharmaceutical
  • Food
  • Others
• Type
  • Plastic
  • Metal
  • Corrugated
• Geography
  • APAC
  • North America
  • Europe
  • Middle East and Africa
  • South America

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• 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.
• Material Logistics Handling Pty. Ltd. 
• Mondi Plc
• OBAL CENTRUM s.r.o.
• Schafer Werke Gmbh
• SIA Flexitanks
• Snyder Industries Inc.
• SYSPAL Ltd.
• Thielmann Portinox Spain SA
• LC Packaging International BV
• SCHUTZ GmbH and Co. KGaA

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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.

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Technavio Research
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