Market Size of Intermediate Bulk Container Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.10 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Intermediate Bulk Container Market Analysis
The Intermediate Bulk Container (IBC) Market is expected to register a CAGR of 4% over the forecast period (2021 - 2026). The variability of the containers' designs and sizes at a variety of price points, makes the Intermediate Bulk Containers a widely popular shipping and storage container option in a number of industries. The COVID-19 pandemic led to lowering of GDP and the level of industrial activity in most of the countries which led to a reduction in packaging demand. However, few industrial customers started stockpiling purchases of intermediate bulk containers which led to a spike in the demand of IBCs.
- The rise in the need for the reduction of the weight of bulk packaging across the globe and expansion of manufacturing and construction sectors, especially in the developing regions, are some of the factors driving the intermediate bulk container market.
- The increasing industrial output by Chemical Industry, Food Industry, Pharmaceutical Industry, Others, and other industries is driving the growth of the FIBC (Flexible Intermediate Bulk Container) in across the globe. Moreover, increasing government initiatives that promote easier trade and transaction of goods affects the market positively.
- However, the increasing popularity of reconditioned and rebottled intermediate bulk containers poses a challenge to the demand of newly manufactured IBCs.
- Growing investments in various industries, but predominantly the chemical industry, prove to be a major factor, which is increasing the demand for IBCs. For instance, according to an analysis by the American Chemistry Council (ACC), the US chemical industry's main trade association, the chemical industry in the US is experiencing a recovery post an unusually deep but short recession caused by the COVID-19 pandemic.
