The global Intermediate Bulk Container (IBC) market reached a value of about USD 4.4 billion in 2021. The industry is projected to grow at a CAGR of around 5.5% in the forecast period of 2022-2027 to reach a value of about USD 5.28 billion by 2027.
The global Intermediate Bulk Container (IBC) industry report comprehensively analyses the sector, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The significant demand for transporting various goods is primarily driving the industry's expansion. The key demand indicator is the highest category spender in the industry report by region—North America.
A pallet-mounted, industrial-grade reusable intermediate bulk container (or IBC) is designed to handle, transport, and store liquids, semi-solids, pastes, or solids in large quantities. Flexible and rigid IBC tanks are the two primary types of IBC tanks, and IBCs are frequently reused or recycled.
The Intermediate Bulk Container (IBC) industry report comprises segments by application (chemicals, food and beverages, petroleum and lubricants, and hazardous waste) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).
North America holds the largest share in the market as chemicals, paints, inks & dyes, and culinary applications are all seeing a surge in demand in the region. In addition, rising trade volumes in the area are likely to significantly boost the global IBCs market. The United States is expected to be highly appealing regarding IBC's market share in North America. Increasing industrial production, a stable manufacturing sector, and a rising need for effective industrial packaging solutions are driving the IBC market in the United States.
The market is primarily driven by the intermediate bulk container market's development with a rise in containerisation. Large industrial companies, which rely heavily on Intermediate Bulk Container, have seen an increase in ancillary demand for agrochemical packaging. Rigid IBCs are increasingly being used to transport dangerous and valuable chemicals across large expanses of land and sea without leaking. These IBCs may also be readily strengthened, preventing the escape of gases. Furthermore, the rapid expansion of the food sector in North America has directly impacted the growing usage of safe agrochemicals for crop development and growth. The rise in the chemical and pharmaceutical industries and increased investments in the chemical industry are driving the market.
The global Intermediate Bulk Container (IBC) industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by primary international Intermediate Bulk Container (IBC) regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
IBC tanks are composed of various materials; however, the most popular are durable plastic or polyethylene. Plastic-metal composites, carbon steel, and stainless steel are options for IBC tanks. Plastic-metal composites are commonly utilised to create a more durable IBC that is yet static resistant. Food-grade IBCs, on the other hand, are frequently made of stainless steel because it is easy to clean and typically fulfil food safety regulations. Carbon steel, too, may be used for food-safe IBCs, although it is significantly lighter than stainless steel. The pallet foundation of an IBC is commonly composed of wood, plastic, or a wood-plastic hybrid.
The industry is being propelled by the rise in the industrial packaging market due to increased international trade, the need for cost-effective bulk packaging, and the increase in the beverage industries. High demand for IBCs from the building sector and the rising manufacturing industry are furthering the market. The growing need to minimise the weight of bulk packing throughout the world and the development of the industrial and construction sectors, particularly in emerging nations, are driving the intermediate bulk container market. The rise of the FIBC (Flexible Intermediate Bulk Container) is being driven by the expanding industrial production of the Chemical Industry, Food Industry, Pharmaceutical Industry, Others, and other industries throughout the world. Furthermore, increased government activities that encourage simpler commerce and the transaction of products have a favourable impact on the market. Growing investments in various industries, particularly the chemical industry, are a significant driver driving up demand for IBCs.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The market for Intermediate Bulk Container is viable and divided. Furthermore, with the increased demand for Intermediate Bulk Container in the worldwide industry, market participants anticipate profitable growth prospects.
1. Executive Summary
2. IBC Industry Snapshot
2.1. IBC Market Outlook
2.2. IBC Industry Analysis by Application
2.2.2. Food and Beverage
2.2.3. Petroleum and Lubricants
2.2.4. Hazardous Waste
2.3. Regional Overview
2.3.1. North America
2.3.3. Asia Pacific
2.3.4. Latin America
2.3.5. Middle East & Africa
3. Impact of Recent Events
4. IBC Value Chain Analysis
5. IBC Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. IBC Cost Structure
9. IBC Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. IBC Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Feedstock Market Analysis
13.1. Market Overview
13.2. Price Analysis
14. Industry Best Practices
14.1. Sourcing Strategy
14.2. Procurement Model
14.3. Contract Structure
14.4. Negotiation Levers
14.5. Pricing Model
14.6. Key Factors Influencing the Quotation
15. Key Supplier Analysis
15.1. Greif Inc.
15.2. Mauser Packaging Solutions
15.3. Schütz GmbH & Co. KGaA.
15.4. Snyder Industries Inc.
15.5. Matcon Manufacturing Inc.
The global Intermediate Bulk Container (IBC) market size was valued at USD 4.4 billion in 2021.
As per the application provided, the Chemicals segment is anticipated to lead the market between 2022 and 2027.
The significant demand for containers for transporting chemicals is one of the essential drivers of the Intermediate Bulk Container (IBC) market growth.
Greif, Mauser, Schutz, Matcon, and Snyder Industries are some of the leading companies in the market.
The North American region of the Intermediate Bulk Container (IBC) industry holds a significant share in the market.
The Global Intermediate Bulk Containers (IBC) market attained a value of USD 4.4 billion in 2021, driven by the intermediate bulk container market's development with rising in containerisation. The rising demand from various industries to transport multiple products, including chemicals, food, and pharmaceuticals, drives the industry's growth. As a result, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 5.5%. The market is projected to reach USD 5.28 billion by 2027. Some of the leading players in the industry are Greif, Mauser, Schutz, Matcon, and Snyder Industries.
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