Future Market Insights delivers key insights on the global IBC liners market in its recent report, titled “Global IBC Liners Market: Industry Analysis 2013-2027 and Opportunity Assessment, 2018-2028.” In terms of value, the IBC liners market is projected to expand at a CAGR of 5.0% during the forecast period and is expected to be valued beyond a billion dollar by the end of 2028, which can be attributed to numerous factors, about which FMI offers thorough insights and forecast in this report.
IBC Liners Market: Overview
IBC liners are flexible bulk bags used for storage and transportation of bulk liquid and powdered or granular products. IBC liners are single-use, which leads to reduced contamination and costs incurred for reconditioning or washing of the intermediate bulk container. Various materials such as polyethylene, polypropylene, EVOH, polyamide, and aluminium can be used for manufacturing IBC liners.
Manufacturers mainly offer IBC liners of two types- form-fit cube-shaped IBC liners and pillow-shaped IBC liners. Adoption of intermediate bulk containers in the global industrial packaging industry is on the rise, which can be attributed to cost-effectiveness and ease of handling that it promises to offer. This factor is expected to boost the sales of IBC liners. IBC liners facilitate easy retrieval of content and help in keeping the IBC clean.
Demand Generation from Manufacturing & Trade Activities Gaining Prominence
The demand for IBCs is proportional to the manufacturing and export activities. Countries with higher production capabilities offer high demand for IBCs, which directly translates in the demand for IBC liners. China generates the largest industrial output in the world, followed by the U.S., and is one of the top exporters of steel, automobiles, electronics, chemicals, and pharmaceuticals.
This has resulted in a steep increase in demand for bulk container packaging solutions and hence, has fuelled the growth of the IBC liners market in both the regions. The North America IBC liners market is anticipated to represent an incremental opportunity of US$ 23 Mn by the end of 2022, while the China IBC liners market is projected to expand 1.5 times of its current value in the next five years.
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Logistics & Cross Border Trade Represents Remunerative Growth Opportunities
Economies in the Latin America region have shown tremendous growth in manufacturing, as well as the services sector in the past few years. Many infrastructure projects are being initiated in Latin America such as the IIRSA, for the integration of the regional infrastructure in South America for linking the region’s economy through transportation, energy, and telecommunication projects. The project is expected to present lucrative opportunities for the regional industrial packaging market aiding the growth of the regional IBC liners market during the forecast period.
IBC Liners Paving Way for Cost Optimization in Bulk Packaging Landscape
South Asia and East Asia together, are expected to account for more than 1/3rd of the global IBC liners market. South Asia is witnessing significant growth attributed to increasing exports and the presence of many small-scale local manufacturers of IBC liners contributing to generating sales. Moreover, the cost of IBC liners is much less than the cost incurred in the reconditioning of IBCs, which helps manufacturers in reducing overall production costs. This has aided in fuelling the growth of IBC liners in the region.
Recent Developments in Global IBC Liners Market
- In January 2018, Peak Packaging Ltd developed intermediate bulk container liners made of metal-detectable membrane
- In January 2017, Nittel GmbH & Co KG, a manufacturer of bulk packaging solutions, enhanced the barrier properties of beer tank liners against oxygen and water vapour
- CDF Corporation in Pack Expo launched its new product IBC liners and EZ-flo Packaging/Dispensing System for stainless steel totes
- Freedom Manufacturing LLC is the inventor of most successful IBC liners and owns a patent for IBC liners
By material type, the polyethylene segment of the IBC liners market accounted for more than 1/3rd of the total market share in the year 2018. The 50 to 100 micron segment is anticipated to be the most rewarding segment in the global IBC liners market during the forecast period. Among the various end uses of IBC liners, the beverages segment is expected to represent an incremental opportunity of more than US$ 150 Mn during the forecast period.
Geographically, the South Asian region is expected to exhibit a positive outlook for the IBC liners market and is projected to grow at a healthy CAGR of 8.2% during 2018-2028. In terms of market share, East Asia is anticipated to remain as the most attractive market for IBC liners in the global IBC liners market during the forecast period.
Global IBC Liners Market: Competitive Landscape
The key manufacturers operating in the IBC liners market profiled in this report include – Bemis Company, Inc., Nittel GmbH & Co KG, Sealed Air Corporation, Arena Products, Inc., Qbig Packaging B.V., CDF corporation, Brambles Industries Limited, Composite Containers LLC, Peak Packaging Ltd., Paper Systems Inc., W. Stuart Smith Inc., Qingdao LAF Packaging Co., Ltd., Bycom Industries Pte Ltd., ILC Dover LP, LC Packaging international BV, Palmetto Industries, Bulk Lift International, Inc., Hanlon Solutions Resource, Inc., Multipac Pty. Ltd., and Freedom Manufacturing LLC. Many local and unrecognized players are expected to contribute to the global IBC liners market during the forecast period.
On the basis of capacity, the IBC liners market has been segmented into
- up to 1,000 litres
- 1,000 to 1,500 litres
- above 1,500 litres
On the basis of material type, the IBC liners market has been segmented into
- polyethylene (PE)
- low-density polyethylene (LDPE)
- linear low-density polyethylene (LLDPE)
- Polypropylene (PP)
- Polyamide (PA)
- Aluminum foil
- others (PET, PVC etc.)
On the basis of content type, the IBC liners market has been segmented into
- powder & granules
- liquid segments
On the basis of filling technology, the IBC liners market has been segmented into
On the basis of end users, the IBC liners market has been segmented into
- inks, and dyes
- petroleumlubricant industries