What Has Driven the Growth of the Intermediate Bulk Container Market in Recent Years?
The intermediate bulk container market has seen considerable growth due to a variety of factors.
• The market for intermediate bulk containers has seen robust growth in recent years. Its size is projected to increase from $3.55 billion in 2024 to $3.9 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.0%.
Factors behind the growth during the historic period include demand from growing economies, market amalgamation and rivalry, progress in material sciences, improvements in logistics, and the expansion of the chemical industry.
What Is The Projected Growth Of The Intermediate Bulk Container Market?
The intermediate bulk container market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of intermediate bulk containers is anticipated to experience substantial expansion in the forthcoming years. The market is projected to reach a value of $5.76 billion in 2029, growing at a compound annual growth rate (CAGR) of 10.3%.
The surge during the forecast period can be linked to the escalating need for effective logistics, a heightened focus on sustainability, growth in the chemical and petrochemical sectors, burgeoning global trade, and changes in consumer preferences. Foreseen trends during this period comprise shifts in global supply chain dynamics, meeting regulatory guidelines and safety norms, an increasing demand for adaptable packaging solutions, a rise in initiatives promoting a circular economy, and significant changes in material selection.
What Are The Essential Drivers Behind The Growth Of The Intermediate Bulk Container Market?
The global increase in wine trade is anticipated to drive the expansion of the intermediate bulk container market. The rise in wine consumption, particularly during celebrations in various nations, boosts the demand for wine and its commerce. Plastic intermediate bulk containers, primarily used for transporting liquids like wine or fuel, are among the most affordable and safe solutions for multiple industries. For instance, data from the Switzerland-based World Trade Organisation, showed that in October 2023 global wine trade constituted about 42 percent of wine production in 2022, a rise from the US$ 50 billion recorded in 2021. Consequently, the escalating trade of wine worldwide is fuelling the growth of the intermediate bulk container market.
What Are The Principal Market Segments In The Global Intermediate Bulk Container Healthcare Industry?
The intermediate bulk container market covered in this report is segmented –
1)By Type: Rigid IBC, Flexible IBC
2)By Grade: Type A, Type B, Type C, Type D, Food Grade
3)By Material: Plastic, Metal
4)By End-user: Chemical, Pharmaceutical, Food And Beverage, Other End-Users
Subsegments:
1) By Rigid IBC: Polyethylene IBC, Steel IBC, Aluminum IBC, Composite IBC
2) By Flexible IBC: FIBC (Flexible Intermediate Bulk Containers), Bag-in-Box IBC, Pillow IBC
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Which Emerging Market Trends Are Altering The Intermediate Bulk Container Market?
Leading firms in the intermediate bulk container market are prioritizing the establishment of dedicated production facilities to satisfy the growing need for effective and eco-friendly bulk packaging solutions. A manufacturing facility is a site outfitted with personnel, resources, and machinery for mass production of goods or service provision. Case in point, Greif Inc., an American industrial packing enterprise, inaugurated a fresh production plant for intermediate bulk containers (IBCs) in Dilovasi, Turkey in September 2023. This move emphasizes its commitment to strengthening international operations and enhancing service delivery, meeting the needs of clients in Turkey and its environs.
Who Are the Key Players in the Intermediate Bulk Container Market?
Major companies operating in the intermediate bulk container market include:
• Berry Global Group Inc.
• DS Smith plc
• Mondi plc
• Greif Flexible Products and Services
• Brambles Limited
• MAUSER Corporate GmbH
• Myers Industries Inc.
• Time Technoplast Ltd.
• BWAY Corporation
• LC Packaging International BV
• Bulk Lift International LLC
• Nefab Group
• Hoover Ferguson Group Inc.
• Schuetz Container System Inc.
• Snyder Industries Inc.
• Plymouth Industries LLC
• CorrPak Bulk Packaging systems LLC
• Global-Pak LLC
• System Schafer Werke Gmbh
• Thermoflex LLC
• Arlington Packaging Limited
• Environmental Packaging Technologies Inc.
• Qingdao LAF Packaging Co. Ltd.
• Büscherhoff Spezialverpackung GmbH & Co. KG
• RDA Bulk Packaging Ltd.
• Gaoqing Anthente Container Package Company Limited
• Ven Pack
• Heritage B B.V.
• Schoeller Arca Systems Holding B.V.
What are the Regional Insights into the Intermediate Bulk Container Market?
North America was the largest region in the intermediate bulk container market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intermediate bulk container market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
