Estimated Growth Potential Of The Intermediate Bulk Container Market 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Based on The Business Research Company’s report, the intermediate bulk container (IBC) market is projected to increase from $2.95 billion in 2022 to $3.29 billion in 2023, with a CAGR of 11.6%. The global IBC market is forecasted to reach $4.65 billion in 2027, growing at a CAGR of 9.0%.
North America was the largest region in the intermediate bulk container market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Intermediate Bulk Container Market Driver
The expanding global wine trade is expected to boost the intermediate bulk container market. Increased wine consumption during celebrations drives the demand for wine and its trade. Plastic IBCs are commonly used for transporting liquids like wine and fuel, offering cost-effective and safe solutions across various industries. Forbes reported a 21% increase in international wine trade by value in H1 2021, mainly driven by sparkling wine (up 26% in 2020) and bottled wine (up 12% in 2020). Consequently, the surging global wine trade is driving IBC market growth.
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Key Intermediate Bulk Container Market Segments
The global intermediate bulk container market is categorized into:
- Type: Rigid IBC, Flexible IBC
- Grade: Type A, Type B, Type C, Type D, Food Grade
- Material: Plastic, Metal
- End-user: Chemical, Pharmaceutical, Food And Beverage, Other End-Users
Intermediate Bulk Container Market Prominent Players
Major players in the intermediate bulk container market are 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.
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Prominent Intermediate Bulk Container Market Trend
Technological advancement is a prominent trend in the intermediate bulk container market. Leading companies in this sector are innovating to meet consumer needs and enhance their market presence. For example, in November 2020, Schoeller Allibert, a Netherlands-based manufacturer of recyclable plastic packaging, introduced ChemiFlow, an UN-approved Intermediate Bulk Container (IBC) with corrosion-resistant technology. This IBC is designed for the secure transport of hazardous and highly corrosive chemicals without compromising performance.
The Intermediate Bulk Container Global Market Report 2023 provides comprehensive insights on the intermediate bulk container market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the intermediate bulk container market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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