Intermediate Bulk Container (IBC) Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices

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.

Industry Definition and Segmentation

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).

The North American Region is Driving the Growth of the Intermediate Bulk Container (IBC) Industry

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.

Best Procurement Practices

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.

Category Management Studies

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.

Various Applications of the Commodity, Further Driving the Procurement of Intermediate Bulk Container (IBC) Market

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.

Key Industry Players Mentioned in the Intermediate Bulk Container (IBC) Industry Report

• Greif Inc.
• Mauser Packaging Solutions
• Schütz GmbH & Co. KGaA.
• Snyder Industries Inc.
• Matcon Manufacturing Inc.

Market Landscape

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.

Key Initiatives by Companies

• November 2020 through November 2021 ChemiFlow, an UN-approved Intermediate Bulk Container (IBC) intended to carry hazardous and highly corrosive chemicals securely, has been launched by Schoeller Allibert, a European player in the manufacturing of recyclable, reusable, and returnable plastic packaging solutions. The company's commitment to the chemical production and distribution business has been reaffirmed due to this.
• Greif released GCube Connect, a real-time tracking solution for composite Intermediate Bulk Container (IBCs), in September 2020 as part of its mission to assist clients to enhance performance, save costs, and decrease their carbon impact. With the help of the Internet of Things, GCUBE Connect helps improve visibility across the entire supply chain and allows customers to receive real-time data about their products, increasing sales, lowering freight costs, optimising production planning, and automating procurement and sales processes.