What are the Historical Developments and Current Growth Metrics of the Composite Intermediate Bulk Containers Market?
The composite intermediate bulk containers market has seen considerable growth due to a variety of factors.
• The composite intermediate bulk containers market has grown steadily in recent years. It will increase from $2.03 billion in 2024 to $2.12 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.7%.
Growth drivers include the increase in petroleum oil production, environmental concerns, high demand in the food industry, the rise of packaged food and beverages, and the growth of e-commerce.
What is the Forecasted Market Size and CAGR for the Composite Intermediate Bulk Containers Market?
The composite intermediate bulk containers market is expected to maintain its strong growth trajectory in upcoming years.
• The composite intermediate bulk containers market is expected to reach $2.52 billion by 2029, with a CAGR of 4.3%.
The growth is driven by the demand for safe storage, global cross-trade, industrial production growth, bulk packaging solutions, and eco-friendly packaging needs. Trends include technological advancements, innovative manufacturing, IoT integration, and advanced packaging solutions.
What Key Factors and Trends Are Driving The Growth Composite Intermediate Bulk Containers Market?
The expansion of the manufacturing industry is expected to drive the growth of the composite intermediate bulk container market. The manufacturing industry is growing due to economic factors, technological advancements, and market demands. Composite intermediate bulk containers are used to store and transport materials in manufacturing. For example, in July 2023, the UK Office for National Statistics reported that total product sales of UK manufacturers increased by 7% in 2022, driving the demand for composite intermediate bulk containers.
What Are The Market Segments In The Composite Intermediate Bulk Containers Market?
The composite intermediate bulk containers market covered in this report is segmented –
1) By Capacity: 180 To 250 Gallons, 250 To 300 Gallons, 300 To 350 Gallons, Above 350 Gallons
2) By Technology: Aseptic Technology, Non-Aseptic Technology
3) By End Use: Industrial Chemicals, Paints, Inks And Dyes, Food And Beverage, Building And Construction, Pharmaceuticals, Other End Uses
Subsegments:
1) By 180 to 250 Gallons: Small Capacity IBCs, Used for Smaller-Scale Industrial Applications
2) By 250 to 300 Gallons: Medium-Capacity IBCs, Suitable for a Range of Chemical, Food, and Pharmaceutical Industries
3) By 300 to 350 Gallons: Large-Capacity IBCs, Ideal for Bulk Handling in Various Industries such as Chemicals, Agriculture, and Food Processing
4) By Above 350 Gallons: Extra-Large Capacity IBCs, Used for Large-Scale Industrial Operations, Especially in Logistics, Manufacturing, and Bulk Chemical Storage
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Which Emerging Market Trends Are Altering The Composite Intermediate Bulk Containers Industry?
Companies in the composite intermediate bulk containers market are integrating smart technologies such as IoT, AI, and automation to enhance operational efficiency. Smart technology integration enables real-time monitoring and data-driven decision-making. For example, in July 2024, Anova Enterprises, Inc., a US-based technology company, introduced the Universal Tank Monitor with a Radar Level Sensor. This system allows accurate reporting of liquid levels without direct contact with the contents, ideal for managing industrial applications and optimizing logistics.
Who Are the Key Players In The Composite Intermediate Bulk Containers Market?
Major companies operating in the composite intermediate bulk containers market are:
• Berry Global Inc.
• Conitex Sonoco
• Grief Inc.
• Mauser Packaging Solutions
• Schutz Gmbh and Co. KGaA
• Time Technoplast Limited
• Snyder Industries Inc.
• Hoover Ferguson
• TPL Plastech Limited
• Finncont Oy
• Jielin Plastic Industry Co. Ltd.
• National Bulk Equipment Inc.
• Bulk Lift International
• Custom Metalcraft
• Transtainer Pty Ltd.
• Precision IBC Inc.
• Seaco Global Ltd.
• Pyramid Technoplast Pvt Ltd.
• RDA Bulk Packaging Ltd.
• Composite Containers LLC
• Metano
• Peninsula Drums
• Pensteel Ltd.
• RPP Containers
• CDF Corporation
• Sotralentz Packaging
• Thielmann
What Are The Regional Insights Into The Composite Intermediate Bulk Containers Market?
Europe was the largest region in the composite intermediate bulk containers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the composite intermediate bulk containers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
