The global intermediate bulk container market size was valued at USD x million in 2022 and is poised to grow at a CAGR of 5.9% during the forecast period 2023-2029. The primary factors that drive the market are the growing demand for cosmetics and pharmaceuticals, increasing ventures in the manufacturing sector, the rising acceptance of IBCs among small-scale industries, the propagation of e-commerce platforms, and technological advancements in packing.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/intermediate-bulk-container-market/   

The global intermediate bulk container market segmentation:

1) By Product: (RIBC (Metal, Paperboard, Plastic, Composite), FIBC (Flexitanks, Bags))

2) By Material: Metal & Paperboard, Plastic, Plastic (PE, PP, PVC).

3) By Content: Liquid, Solid & Semi-Solid.

4) By Capacity (RIBC: Up to 1,000 Ltr, 1,000 – 1,500 Ltr, above 1,500 Ltr), FIBC (Up to 500 Kg, 501 to 1,000 Kg, 1,001 to 1,500 Kg, above 1,500 Kg.

5) By End User: RIBC (Chemicals, Petroleum & Lubricants, Paints, Inks & Dyes, Food & Beverage, Cosmetic & Personal, Healthcare & Pharmaceuticals, Others.

6) FIBC: Chemicals & Fertilizers, Food & Agriculture, Building & Construction, Healthcare & Pharmaceuticals, Mining, Others.

Food and Chemical to Dominate the Intermediate Bulk Container Market:
Based on end-user type, food and chemical hold the highest market share. The major factor for the rise of this segment is due to the increasing use of IBCs in food processing industries and in agricultural products such as grains, potatoes, rice, cereals, and others. The rising food processing business due to an increase in per capita income can drive the global intermediate bulk container market growth. Apart from this, an increase in demand for IBCs for handling carbon black, PET, PTA, minerals, alloys, and steel can also drive the growth of the market.

Asia Pacific Intermediate Bulk Container Market:
The Asia Pacific region is expected to contribute significantly to the global intermediate bulk container market growth over the forecast period. The Asia Pacific region is expanding as a result of the growing populace along with increasing standards of living. Apart from this, China is a dominant player in the Asia Pacific intermediate bulk container market due to fast industrial development. The rising logistics and transportation sector especially across emerging economies such as India, Vietnam, and Indonesia are some of the reasons for the potential growth of the IBC market in these regions

The global Intermediate Bulk Container market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In November 2020, Elkhart Plastics, Inc. launched the Tuff Stack Pro™ as part of its growing line of intermediate bulk containers (IBCs). In November 2021, Precision IBC, Inc. a chief provider of stainless steel and poly intermediate bulk containers (IBC), acquired Metano IBC Services, an intermediate bulk container rental company with operations in New Jersey.

Request sample report at  https://precisionbusinessinsights.com/request-sample/?product_id=58993

Key players’ profiles in the Intermediate Bulk Container market report are Thielmann US LLC, Schafer Werke Gmbh, Time Technoplast Ltd, International Paper Company, DS Smith Plc, Mondi Plc, SCHÜTZ GmbH & Co. KGaA, Mauser Packaging Solutions, Berry Global, Inc, Hoover Ferguson Group, and Snyder Industries, Inc

About Precision Business Insights: 
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

Contact:

Mr. Satya

Precision Business Insights | Toll Free: +1 866 598 1553

Email: [email protected]
Kemp House, 152 – 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747