Global Intermediate Bulk Container Market Size To Worth USD 24.98 Billion By 2033 | CAGR Of 5.76%
Category: Chemicals & MaterialsGlobal Intermediate Bulk Container Market Size To Worth USD 24.98 Billion By 2033
According to a research report published by Spherical Insights & Consulting, The Global Intermediate Bulk Container Market Size is Expected to Grow from USD 14.27 Billion in 2023 to USD 24.98 Billion By 2033, at a CAGR of 5.76% during the forecast period 2023-2033.
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Browse key industry insights spread across 230 pages with 92 Market data tables and figures & charts from the report on the "Global Intermediate Bulk Container Market Size, Share, and COVID-19 Impact Analysis, By Material (Plastic, Metal, and Corrugated), By Application (Chemical & Petroleum, Food, Pharmaceutical, Construction, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/intermediate-bulk-container-market
The intermediate bulk container (IBC) market is the sector that manufactures, sells, and utilizes sizable, reusable containers for the transportation and storage of bulk liquids, powders, and granules. These containers are widely used in the food and beverage, chemical, pharmaceutical, and logistics industries. The industry provides a range of IBCs made of steel, composite, and plastic to satisfy various packaging needs. The market is primarily driven by the expansion of globalization and international trade, as well as the growing need for flexible IBCs. The chemical, food & beverage, pharmaceutical, and manufacturing sectors all make substantial use of IBCs due to their versatility. Their ability to save shipping expenses, reduce waste, and enhance product safety makes them a popular choice, which is driving market growth. The market for these containers is being driven by the increasing need for reusable and sustainable intermediate bulk containers in industries such as chemicals, food and beverage. However, the market for intermediate bulk containers is restricted by high upfront costs, a lack of recycling infrastructure, difficulties in regulatory compliance, and competition from alternative forms of packaging.
The plastic segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the material, the intermediate bulk container market is classified into plastic, metal, and corrugated. Among these, the plastic segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The robustness and functionality of plastic IBCs have been improved by developments in plastic material technology, such as high-density polyethylene (HDPE), which has increased demand for containers.
The food segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the intermediate bulk container market is divided into chemical & petroleum, food, pharmaceutical, construction, and others. Among these, the food segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The growing need for effective, secure, and sanitary packaging options for the storage and transportation of large quantities of food is the reason behind the food segment.
Asia Pacific is estimated to hold the largest share of the intermediate bulk container market over the forecast period.
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Asia Pacific is estimated to hold the largest share of the intermediate bulk container market over the forecast period. The expanding food and beverage sector in Asia Pacific and the rising need for eco-friendly packaging solutions are the main drivers of the market. These containers save waste, improve logistics, and mitigate environmental harm.
North America is predicted to grow at the fastest CAGR growth in the intermediate bulk container market over the forecast period. The pharmaceutical industry's growing need for hygienic and compliance packaging solutions is driving the market's expansion.
Major key players in the intermediate bulk container market include Schoeller Allibert, Greif, Hoover CS, Snyder Industries, Mondi, DS Smith PLC, Bulk Lift International LLC, Schafer Werke GmbH & Co KG, Mauser Packaging Solutions, Schuetz Container Systems Pvt. Ltd, Thielmann - The Container Company, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In March 2024, to properly transport sensitive liquids under sterile circumstances, Greif and CDF Corporation worked together to redesign the GCUBE IBC Flex. This creative collaboration provides a state-of-the-art method for the safe and hygienic handling of sensitive items.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the intermediate bulk container market based on the below-mentioned segments:
Global Intermediate Bulk Container Market, By Material
- Plastic
- Metal
- Corrugated
Global Intermediate Bulk Container Market, By Application
- Chemical & Petroleum
- Food
- Pharmaceutical
- Construction
- Others
Global Intermediate Bulk Container Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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