Global Intermediate Bulk Container Market

Intermediate Bulk Container Market Size, Share, Growth Analysis, By Material(Plastic, Metal, Corrugated), By End - Use(Food, Chemicals & Petroleum, Pharmaceuticals, Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15A2247 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 64 | Figures: 75

Intermediate Bulk Container Market News

  • In June 2022, Allergan plc announced that it has acquired Ocular Therapeutix, Inc. for USD 1.8 billion.
  • In May 2022, Oculis S.A. reported positive data from two clinical proof-of-concept Phase 2 trials with OCS-02, its novel, topical anti-TNF alpha antibody fragment candidate, in Dry Eye Disease (DED) and Acute Anterior Uveitis (AAU).
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Intermediate Bulk Container Market size was valued at USD 14 billion in 2022 and is poised to grow from USD 14.77 billion in 2023 to USD 22.67 billion by 2031, growing at a CAGR of 5.5% during the forecast period (2024-2031).

The Intermediate Bulk Container (IBC) market presents a competitive landscape characterized by a blend of established industry giants and emerging players striving for market share. Key market participants, such as SCHÜTZ GmbH & Co. KGaA and Mauser Packaging Solutions, have demonstrated their prowess with innovation and strategic expansion. These companies, headquartered in Germany and the United States respectively, leverage their extensive experience to offer a comprehensive range of IBC solutions to various industries. 'Greif, Inc.', 'Schütz GmbH & Co. KGaA', 'Mauser Group B.V. (Now part of Stone Canyon Industries)', 'Hoover Ferguson Group, Inc.', 'Time Technoplast Ltd.', 'Syntex Industries', 'Snyder Industries, Inc.', 'Transtainer Global', 'Claw Environmental (Services) Ltd.', 'TPS Rental Systems Ltd.', 'Werit Kunststoffwerke W. Schneider GmbH & Co. KG', 'International Paper Company (now known as Graphic Packaging International)', 'Orbis Corporation (part of Menasha Corporation)', 'Hoyer Group', 'Bulk Handling Australia Group (BHAG)', 'IBC Tote, Inc.', 'CHEP (Brambles Limited)', 'Bulk Lift International', 'Metano IBC Services', 'Berry Group, Inc.'

The expanding industrial sector and the growth of trade have heightened the demand for efficient and reliable bulk packaging solutions like IBCs. Industries such as chemicals, petrochemicals, food and beverages, and pharmaceuticals extensively rely on IBCs for transportation and storage.

Customized and Specialty IBCs: As industries diversify and product requirements become more specific, there's a trend towards the development of customized and specialty IBCs. These containers are tailored to meet unique storage and transportation needs, expanding the market's versatility.

In the dynamics of industrial bulk packaging, the Asia Pacific region took center stage, securing a significant market share of 43.7%. Within this expansive region, major players include Japan, China, and India, each contributing to the vibrant market landscape. The catalyst behind this robust growth has been the upward trajectory of industrial expenditure. As the region witnesses an upsurge in investment within various industrial sectors, the market for industrial bulk packaging has experienced a corresponding boost.

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Global Intermediate Bulk Container Market

Report ID: SQMIG15A2247

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