Plastic Rigid IBC Market Synopsis
The growing demand from food & beverage industry due to increase in demand for storage and transportation of bulk food products and various beverages across long distances from the manufacturing units are opening new opportunities for the growth of the market. Plastic rigid IBC are used to store and transport various chemicals, oils, and lubricants. Growing demand for cost effective, flexible and bulk packaging is expected to generate growth opportunities for the plastic rigid IBC market. However, different regulations and standards associated with the packaging may hinder the growth of the market.
Market Research Future (MRFR)’s report asserts that the global plastic rigid IBC market is poised to thrive at a CAGR of 5.8% during the forecast period 2018 to 2023. The rising need for transportation and storage in bulk is expected to drive the growth of the market in the years to come. Intermediate Bulk Container (IBC) is extensively used for the transportation of liquid substances such as chemicals, food ingredients, solvents, pharmaceutical products, etc. Thus, an upsurge in demand is expected across the review period.
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Key Players
The prominent players of the plastic rigid IBC market profiled in this MRFR report are
- Greif
- Inc. (US)
- Maschiopack GmbH (Germany)
- Schutz Container Systems (US)
- Bulk Handling Australia (Australia)
- SCHÜTZ GmbH & Co. KGaA (US)
- ZIBO JIELIN PLASTIC PIPE MANUFACTURE CO.
- LTD (China)
- Snyder Industries, Inc. (US)
- WERIT Kunststoffwerke W. Schneider GmbH & Co.KG (Germany)
- Sintex Industries (India)
- and Hoover Ferguson Group, Inc. (US).
Industry News
In October 2018, Mauser Group, a major packaging company, has presented its latest barrier technology for Composite IBCs, MAUSER SkINliner™.
In June 2018, Greif, an American manufacturing company, has announced the launch of GCUBE® Shield which is an extension of its range of GCUBE intermediate bulk containers (IBCs).
Market Segmentation
By material, the global plastic rigid IBC industry has been segmented into High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), Polyvinyl Chloride (PVC), and others. The High Density Polyethylene (HDPE) segment has been forecasted to attract a comparatively larger customer base owing to its cost-effectiveness and flexibility.
By capacity, the plastic rigid IBC market has been segmented into up to 500 liters, 500 to 1000 liters, 1000 to 1500 liters, 1500 to 2000 liters, and above 2000 liters. Among these, the 500 to 1000 liters segment is projected to gain the largest share of the market in the years to come. Furthermore, the segment is anticipated to strike a relatively higher CAGR over the assessment period.
By end-use, the global plastic rigid IBC market has been segmented into industrial chemicals, petroleum & lubricants, food & beverages, paints inks dyes, pharmaceuticals, and others. The food & beverages segment is anticipated to dominate the marketplace and scale the highest CAGR across the review period.
Regional Analysis
The global plastic rigid IBC market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Asia Pacific is likely to exhibit exceptional rate rise in the growth curve owing to rapid industrialization being observed in the region. In addition, the economic development in conjunction with the expansion of end-user verticals in the region is poised to catalyze the plastic rigid IBC market. The region is also forecasted to strike a comparatively higher CAGR through the projection period. China, Japan, India, and Singapore are prognosticated to emerge as the major country-level markets of the region.
Scope of the Report
This study provides an overview of the global plastic rigid IBC market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global plastic rigid IBC market by material, by capacity, by end use, and by region.
By Material
- HDPE
- LDPE
- LLDPE
- PVC
- Others
By Capacity
- Up to 500 Liters
- 500 to 1000 Liters
- 1000 to 1500 Liters
- 1500 to 2000 Liters
- Above 2000 Liters
By End Use
- Industrial Chemicals
- Petroleum & Lubricants
- Food & Beverages
- Paints, Inks, Dyes
- Pharmaceuticals
- Others
By Region
- North America
- Asia-Pacific
- Europe
- Rest of the World
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Table Of Content
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continues…….
LIST OF FIGURES
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
Continues…..
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