The global intermediate bulk container market size is expected to grow from $2.59 billion in 2021 to $2.93 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The global intermediate bulk containers market size is expected to grow to $4.18 billion in 2026 at a CAGR of 9.3%.
What is the Global Intermediate Bulk Container Market?
The intermediate bulk container (IBC) market consists of sales of the intermediate bulk containers by entities (organizations, sole traders, and partnerships) that refer to a pallet-mounted, industrial-grade reusable container that is used for storing and transporting bulk liquids, pastes, and solids. It is called intermediate due to its size which is bigger than a drum but smaller than a tank. The hard outer container is usually made from galvanized tubular steel or iron, while the inner containers are often made from plastic such as polyethylene or high-density polyethylene (HDPE).
Get a Sample of the global intermediate bulk container market report
https://www.thebusinessresearchcompany.com/sample.aspx?id=6044&type=smp
What drives the Global Intermediate Bulk Container Market?
The rising wine trade across the globe is expected to propel the growth of the intermediate bulk container market going forward. The increasing consumption of wine, especially during a celebration in many countries is increasing the demand for wine and its trade. Plastic intermediate bulk containers are mostly used to carry liquids, such as wine or fuel. The intermediate bulk containers are one of the most cost-effective solutions and can be utilized safely in a variety of sectors. For instance, according to Forbes, an American business magazine, in terms of value, the international wine trade climbed by 21% in the first semester of 2021 compared to the previous year. The main driver is trading in sparkling wine, which is up 26% in 2020, and the value of bottled wine climbed by 12% in 2020. As a result, the growing wine trade around the world is propelling the growth of the intermediate bulk container market.
Get the full global intermediate bulk container industry report here
https://www.thebusinessresearchcompany.com/report/intermediate-bulk-container-global-market-report
Global Intermediate Bulk Container Market Segments
The global intermediate bulk container market is segmented:
By Type: Rigid IBC, Flexible IBC
By Grade: Type A, Type B, Type C, Type D, Food Grade
By Material: Plastic, Metal
By End-User: Chemical, Pharmaceutical, Food and Beverage, Others
By Geography: The regions covered in the intermediate bulk container market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global intermediate bulk container market.
Intermediate Bulk Container Global Market Report 2022provides market size and growth forecasts for the global intermediate bulk container market, global intermediate bulk container market share, intermediate bulk container market segments and geographies, intermediate bulk container market competitive landscape including leading competitors’ revenues, profiles and market shares. The intermediate bulk container market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Intermediate Bulk Container Industry Playersinclude Berry Global Group Inc., DS Smith, Greif Flexible Products and Services, BWAY Corporation, LC Packaging International BV, MAUSER Corporate GmbH, Plymouth Industries LLC, Arlington Packaging Limited, Qingdao LAF Packaging Co. Ltd., Büscherhoff Spezialverpackung GmbH & Co. KG, RDA Bulk Packaging Ltd, Gaoqing Anthente Container Package Company Limited, CorrPak Bulk Packaging, Environmental Packaging Technologies Inc. and Ven Pack. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
