Carbon Steel Ibc Market Analysis

Global Carbon Steel IBC Market: Dynamics

Industrial bulk packaging market has been growing steadily since the past few years and is expected to continue growing in the foreseeable future. Among all other bulk packaging products, IBC’s have exhibited the fastest growth rate. The need for high-performance packaging solutions, growth in the domestic chemicals industry, optimal packaging design and increase in sustainability initiatives drives the carbon steel IBC market. Growth in the usage of carbon steel IBC is due to the increased use of larger, higher value containers that offer superior performance and are cost effective over the long term. Carbon steel IBC is an ideal choice for storing bulk liquids than other packaging alternatives such as drums. Carbon steel IBC is quickly gaining recognition as it is less expensive than stainless steel IBC and reduces waste space. The cubic design of the carbon steel IBC that it can hold the same volume as six drums while taking up the same amount of space as four drums. Carbon steel IBC can be reused hundreds of times, and it lasts for many years. Reusing packaging helps to conserve the valuable and finite resources of raw materials that are used to produce packaging products. The demand for metal IBC’s in some regions for the storage of chemicals and oils drives the market for carbon steel IBC. Additionally, the global carbon steel IBC market is inspired by the booming manufacturing sector output and trade activities that require the need for containers for exports and imports.

Global Carbon Steel IBC Market: Regional Outlook

The U.S accounts for the highest share in global carbon steel IBC market, followed by Germany. The rising demand for intermediate bulk containers for advanced transportation in developing countries such as India and China is expected to drive the global carbon steel IBC market. The need for active transportation options is rising for emerging end users such as Food & beverage in the Middle East & Africa region. Therefore the carbon steel IBC market in these developing regions is expected to be positive during the forecast period.

Global Carbon Steel IBC Market: Key Manufacturers

• The Cary Company
• Hoover Ferguson
• Protank
• Synder Industries, Inc.
• Premier Container
• Transtore
• Theilmann
• Great Western Manufacturers, Inc.
• Hawman Container Services

The Carbon Steel IBC market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Carbon Steel IBC market report provides in-depth analysis of Carbon Steel IBC market trends, macroeconomic indicators, and governing factors along with Carbon Steel IBC market attractiveness as per segments. The Carbon Steel IBC report also maps the qualitative impact of various market factors on market segments and geographies.

 The Regional analysis includes –

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Japan
• Middle East & Africa (MEA)