Exhibiting a y-o-y growth of 5.0%, the global rigid IBC market is estimated to be valued at US$ 19,531 million in 2024. Global demand for rigid IBCs is predicted to rise at a steady CAGR of 5.7% throughout the forecast period. By 2034, total market revenue will likely reach US$ 33,974 million.
Global Rigid Intermediate Bulk Container Market Insights
Attributes | Key Insights |
---|---|
Base Market Value (2023) | US$ 18,633 million |
Estimated Rigid IBC Market Value (2024) | US$ 19,531 million |
Projected Rigid IBC Market Revenue (2034) | US$ 33,974 million |
Value CAGR (2024 to 2034) | 5.7% |
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Composite IBCs currently lead the global rigid IBC industry by a small margin. This can be attributed to rising usage of these packaging containers across several industries, especially pharmaceuticals, due to their benefits like lightweight, cost-effectiveness, and versatility.
The global rigid IBC market, however, is expected to witness a shift, with evolving stats revealing the metal IBCs segment to overtake the composite one. As per the latest analysis, demand for metal IBCs is set to grow at 6.2% CAGR, holding a dominant market share of 51.0% in 2034.
Rising popularity of metal IBCs in heavy-duty applications due to their superior durability, high strength, longevity, and barrier properties is expected to boost the target segment. Metal IBCs are becoming ideal for safe storage and transportation of hazardous materials as they can withstand impacts, punctures, and extreme temperatures.
Metal IBCs have the tendency to handle heavier loads than their counterparts. This makes them suitable for applications like transporting oils, chemicals, and lubricants, thereby driving their demand.
As the market competition becomes fiercer, top manufacturers of rigid IBCs are innovating to gain a competitive edge. They are focusing on:
Global sales of rigid IBC increased at a CAGR of 2.3% during the historical period, with total market valuation reaching US$ 18,633.7 million in 2023. Over the forecast period, the global rigid IBC industry is set to exhibit a CAGR of 5.7%.
With the increase in global trade, there is a growing demand for efficient and secure packaging solutions for transporting goods across borders. Rigid IBCs offer a reliable and standardized method for storing and shipping various products, including liquids, powders, and granules.
When goods are transported across borders, they often need to comply with customs regulations and standards. Rigid IBCs provide a standardized packaging solution that meets international shipping requirements, making it easier for businesses to navigate customs procedures and ensure compliance.
Rigid IBCs are designed to maximize space utilization during transportation. Their stackability and compact design allow for efficient loading and unloading of goods, reducing shipping costs and optimizing logistics operations.
In cross-border trade, preserving the integrity of commodities during transportation is crucial. When it comes to protecting the contents from external influences, moisture, and contamination that could jeopardize the safety and integrity of the products being transported, rigid IBCs provide a reliable and secure packing option.
Rigid IBC can offer cost-effective solutions for bulk transportation. Their reusability and durability contribute to cost savings over time, making them an attractive option for businesses engaged in international trade.
The market for rigid intermediate bulk containers (IBCs) is witnessing a transformative shift driven by the integration of Web 3.0 compatibility. This forward-looking trend is marked by the application of decentralized technologies, such as blockchain and smart contracts, to enhance the efficiency and transparency of the supply chain.
Rigid IBCs with web 3.0 features enable real-time tracking, smart logistics, and automated inventory management, fostering seamless collaboration among supply chain stakeholders. The decentralized nature of Web 3.0 ensures enhanced security through anti-counterfeiting measures, real-time environmental monitoring, and adaptability to changing regulations.
Companies adopting these technologically advanced IBCs not only differentiate themselves in the market but also bolster their brand reputation by showcasing a commitment to innovation and sustainability. As cross-border trade continues to evolve, the demand for rigid IBCs with web 3.0 compatibility is poised to grow, offering a holistic solution for secure, efficient, and technologically advanced packaging in diverse industries.
Particular | Value CAGR |
---|---|
H1 | 6.0% (2023 to 2033) |
H2 | 5.3% (2023 to 2033) |
H1 | 5.1% (2024 to 2034) |
H2 | 4.4% (2024 to 2034) |
The table below shows the anticipated growth rates of the top countries. India, China, and South Africa are expected to record high CAGRs of 8.6%, 7.4%, and 6.8%, respectively, through 2034.
Countries | Projected Rigid IBC Market CAGR (CAGR) |
---|---|
United States | 3.4% |
Canada | 4.4% |
Brazil | 5.1% |
Mexico | 4.6% |
Germany | 2.1% |
France | 2.4% |
United Kingdom | 2.3% |
China | 7.4% |
India | 8.6% |
Japan | 5.5% |
GCC countries | 5.6% |
South Africa | 6.8% |
The United States rigid IBC market is poised to exhibit a CAGR of 3.4% throughout the forecast period. Overall sales of rigid IBCs in the United States are expected to total US$ 3,458.9 million by 2034, driven by factors like:
The United States is one of the top nations responsible for the maximum production and export of chemical-related products. This expansion of the chemical industry is expected to propel rigid IBC sales in the nation as they are widely used for safely transporting and storing chemicals.
According to the Cybersecurity & Infrastructure Security Agency, the United States chemical sector converts more than 70,000 diverse products essential to modern life. Several chemical manufacturing and processing facilities rely on bulk containers for storage and transportation, thereby fueling demand for rigid IBCs.
India is expected to emerge as a highly lucrative pocket for rigid IBC manufacturers during the forecast period. This can be attributed to a combination of factors, including:
According to the India Brand Equity Foundation (IBEF), the pharmaceutical market in India is valued at US$ 65 billion in 2024 and is expected to grow with a CAGR of 9.4% till 2030. This will likely create lucrative revenue-generation opportunities for rigid IBC manufacturers nationwide.
India’s pharmaceutical sector is responsible for meeting 50% of the global demand for vaccines & 8% of the global active pharmaceutical ingredient demand. To store and transport these sensitive products, companies use packaging solutions like rigid IBCs.
Active pharmaceutical ingredients are highly unstable, necessitating packaging solutions like composite IBCs that are compatible with these products. Rising export of pharmaceuticals is another key factor expected to improve India’s rigid IBC market share through 2034.
The section offers profound insights into leading segments in the global rigid IBC industry. The information will likely help businesses to maximize profits and stay ahead of the curve by investing in popular products and materials.
Based on material, the composite IBCs segment currently dominates the global market, holding a value share of 49.0%. Further, it will likely expand at a CAGR of 5.0% throughout the assessment period. The other customized capacities segment is anticipated to register a steady CAGR of 8.0% through 2034.
Product | Value CAGR |
---|---|
Metal IBCs | 6.2% |
Composite IBC | 5.0% |
As per the latest analysis, composite IBCs remain popular products in the market. This can be attributable to rising adoption of composite IBC across diverse sectors due to their advantages like versatility, lightweight, sustainability, and cost-effectiveness.
Demand for composite IBCs (caged IBC totes) is anticipated to increase at 5.0% CAGR during the forecast period. The target segment will likely total US$ 9,464.1 million in 2024, accounting for a revenue share of 48.5%.
Capacity | Value CAGR |
---|---|
Standard 1040 liters | 7.0% |
Other Customized Capacities | 8.0% |
In terms of capacities, the other customized capacities segment is projected to expand at a high CAGR of 8.0% during the assessment period. This can be attributed to evolving packaging needs of end-use industries.
Leading manufacturing of rigid IBCs is focusing on developing novel solutions that ensure maximum hygienic conditions for packaged products. They also offer customized industrial packaging solutions to expand their customer base globally.
Several rigid IBC manufacturing companies are aiming to improve their market share by adopting different strategies. These include partnerships, facility expansions, mergers, distribution agreements, and acquisitions.
Recent Developments in the Rigid IBC Market
The global rigid IBC market value is estimated to reach US$ 19,531 million in 2024.
Global rigid IBC demand is set to expand at 5.7% CAGR through 2034.
The global rigid IBC market size is anticipated to reach US$ 33,974 million by 2034.
Rising need for effective and safe packaging solutions globally.
Greif Inc., Mauser Packaging Solutions, Brambles Group, Time Technoplast, and Schutz GmbH.
IBC stands for intermediate bulk containers.
Rigid IBC refers to a reusable and sturdy container used for transporting and storing bulk materials.
IBC tank stands for intermediate bulk container tank.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Future Market Insights (FMI) Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product USP’s / Features 4.3. Strategic Promotional Strategies 4.4. Go-to-market Strategies 5. Global Market Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034 5.1. Historical Market Volume (000 Units) Analysis, 2019 to 2023 5.2. Current and Future Market Volume (000 Units) Projections, 2024 to 2034 5.3. Y-o-Y Growth Trend Analysis 6. Global Market - Pricing Analysis 6.1. Country Wise Pricing Analysis By Material 6.2. Global Average Pricing Analysis Benchmark 7. Global Market Demand (in Value or Size in US$ million) Analysis 2019 to 2023 and Forecast, 2024 to 2034 7.1. Historical Market Value (US$ million) Analysis, 2019 to 2023 7.2. Current and Future Market Value (US$ million) Projections, 2024 to 2034 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Global Packaging Market Overview 8.2. In-house vs Contract Manufacturing Market Overview for Rigid IBCs 8.3. Macro-Economic Factors 8.4. Forecast Factors - Relevance & Impact 8.5. Value Chain Analysis 8.5.1. Exhaustive List of Raw Material Suppliers 8.5.2. Exhaustive List of Manufacturers 8.5.3. Exhaustive List of End Users /Customers 8.6. Case-based Scenario - Impact Assessment 8.6.1. Current Statistics 8.6.2. Short-Mid-Long Term Outlook 8.6.3. Likely Rebound 8.7. Market Dynamics 8.7.1. Drivers 8.7.2. Restraints 8.7.3. Opportunity Analysis 8.8. Supply Demand Analysis 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material 9.1. Historical Market Size (US$ million) and Volume (000 Units) Analysis, By Material, 2019 to 2023 9.2. Current and Future Market Size (US$ million) and Volume (000 Units) Analysis and Forecast, By Material, 2024 to 2034 9.2.1. Metal IBC 9.2.2. Composite IBC 9.2.3. Paperboard IBC 9.2.4. Plastic IBC 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Capacities 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ million) and Volume (000 Units) Analysis, By Capacities, 2019 to 2023 10.3. Current and Future Market Size (US$ million) and Volume (000 Units) Analysis and Forecast, By Capacities, 2024 to 2034 10.3.1. Standard 1040 Liters 10.3.2. Standard 1250 Liters 10.3.3. Other Customized Capacities 10.3.4. Other Labels 10.4. Market Attractiveness Analysis, By Capacities 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ million) and Volume (000 Units) Analysis, By End Use, 2019 to 2023 11.3. Current and Future Market Size (US$ million) and Volume (000 Units) Analysis and Forecast, By End Use, 2024 to 2034 11.3.1. Oil & Lubricants 11.3.2. Chemicals 11.3.3. Food 11.3.4. Beverages 11.3.5. Pharmaceuticals 11.3.6. Personal Care & Cosmetics 11.3.7. Other Industrial (Sealants & Adhesives, Solvents) 11.4. Market Attractiveness Analysis, By End Use 12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ million) and Volume (000 Units) Analysis, By Region, 2019 to 2023 12.3. Current and Future Market Size (US$ million) and Volume (000 Units) Analysis and Forecast, By Region, 2024 to 2034 12.3.1. North America 12.3.2. Latin America 12.3.3. East Asia 12.3.4. South Asia & Pacific 12.3.5. Western Europe 12.3.6. Eastern Europe 12.3.7. Middle East & Africa 12.4. Market Attractiveness Analysis, By Region 13. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction / Key Findings 13.2. Historical Market Size (US$ million) and Volume (000 Units) Analysis by Market Taxonomy, 2019 to 2023 13.3. Current Market Size (US$ million) and Volume (000 Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 13.3.1. By Country 13.3.1.1. United States 13.3.1.2. Canada 13.3.1.3. Mexico 13.3.2. By Material 13.3.3. By Capacities 13.3.4. By End Use 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Material 13.4.3. By Capacities 13.4.4. By End Use 14. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction / Key Findings 14.2. Historical Market Size (US$ million) and Volume (000 Units) Analysis by Market Taxonomy, 2019 to 2023 14.3. Current Market Size (US$ million) and Volume (000 Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 14.3.1. By Country 14.3.1.1. Brazil 14.3.1.2. Chile 14.3.1.3. Peru 14.3.1.4. Rest of Latin America 14.3.2. By Material 14.3.3. By Capacities 14.3.4. By End Use 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Material 14.4.3. By Capacities 14.4.4. By End Use 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction / Key Findings 15.2. Historical Market Size (US$ million) and Volume (000 Units) Analysis by Market Taxonomy, 2019 to 2023 15.3. Current Market Size (US$ million) and Volume (000 Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 15.3.1. By Country 15.3.1.1. China 15.3.1.2. Japan 15.3.1.3. South Korea 15.3.2. By Material 15.3.3. By Capacities 15.3.4. By End Use 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Material 15.4.3. By Capacities 15.4.4. By End Use 16. South Asia & Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction / Key Findings 16.2. Historical Market Size (US$ million) and Volume (000 Units) Analysis by Market Taxonomy, 2019 to 2023 16.3. Current Market Size (US$ million) and Volume (000 Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 16.3.1. By Country 16.3.2. India 16.3.3. ASEAN 16.3.4. Auz & NZ 16.3.5. By Material 16.3.6. By Capacities 16.3.7. By End Use 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Material 16.4.3. By Capacities 16.4.4. By End Use 17. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction / Key Findings 17.2. Historical Market Size (US$ million) and Volume (000 Units) Analysis by Market Taxonomy, 2019 to 2023 17.3. Current Market Size (US$ million) and Volume (000 Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 17.3.1. By Country 17.3.1.1. Germany 17.3.1.2. France 17.3.1.3. Spain 17.3.1.4. Italy 17.3.1.5. United Kingdom 17.3.1.6. BENELUX 17.3.1.7. Nordics 17.3.1.8. Rest of Europe 17.3.2. By Material 17.3.3. By Capacities 17.3.4. By End Use 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Material 17.4.3. By Capacities 17.4.4. By End Use 18. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18.1. Introduction / Key Findings 18.2. Historical Market Size (US$ million) and Volume (000 Units) Analysis by Market Taxonomy, 2019 to 2023 18.3. Current Market Size (US$ million) and Volume (000 Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 18.3.1. By Country 18.3.1.1. Russia 18.3.1.2. Hungary 18.3.1.3. Poland 18.3.1.4. Balkan & Baltics 18.3.1.5. Rest of Eastern Europe 18.3.2. By Material 18.3.3. By Capacities 18.3.4. By End Use 18.4. Market Attractiveness Analysis 18.4.1. By Country 18.4.2. By Material 18.4.3. By Capacities 18.4.4. By End Use 19. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 19.1. Introduction / Key Findings 19.2. Historical Market Size (US$ million) and Volume (000 Units) Analysis by Market Taxonomy, 2019 to 2023 19.3. Current Market Size (US$ million) and Volume (000 Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 19.3.1. By Country 19.3.1.1. KSA 19.3.1.2. United Arab Emirates 19.3.1.3. Other GCC Countries 19.3.1.4. Turkiye 19.3.1.5. Israel 19.3.1.6. Egypt 19.3.1.7. South Africa 19.3.1.8. Rest of Middle East & Africa 19.3.2. By Material 19.3.3. By Capacities 19.3.4. By End Use 19.4. Market Attractiveness Analysis 19.4.1. By Country 19.4.2. By Material 19.4.3. By Capacities 19.4.4. By End Use 20. Country wise Market Analysis 2024 to 2034 20.1. Pricing Analysis 20.2. Cross Section Analysis 20.3. United States Market Analysis 20.3.1. By Material 20.3.2. By Capacities 20.3.3. By End Use 20.4. Canada Market Analysis 20.4.1. By Material 20.4.2. By Capacities 20.4.3. By End Use 20.5. Brazil Market Analysis 20.5.1. By Material 20.5.2. By Capacities 20.5.3. By End Use 20.6. Mexico Market Analysis 20.6.1. By Material 20.6.2. By Capacities 20.6.3. By End Use 20.7. Germany Market Analysis 20.7.1. By Material 20.7.2. By Capacities 20.7.3. By End Use 20.8. United Kingdom Market Analysis 20.8.1. By Material 20.8.2. By Capacities 20.8.3. By End Use 20.9. Spain Market Analysis 20.9.1. By Material 20.9.2. By Capacities 20.9.3. By End Use 20.10. France Market Analysis 20.10.1. By Material 20.10.2. By Capacities 20.10.3. By End Use 20.11. China Market Analysis 20.11.1. By Material 20.11.2. By Capacities 20.11.3. By End Use 20.12. Japan Market Analysis 20.12.1. By Material 20.12.2. By Capacities 20.12.3. By End Use 20.13. India Market Analysis 20.13.1. By Material 20.13.2. By Capacities 20.13.3. By End Use 20.14. Australia & New Zealand Market Analysis 20.14.1. By Material 20.14.2. By Capacities 20.14.3. By End Use 20.15. GCC Countries Market Analysis 20.15.1. By Material 20.15.2. By Capacities 20.15.3. By End Use 20.16. South Africa Market Analysis 20.16.1. By Material 20.16.2. By Capacities 20.16.3. By End Use 21. Market Structure Analysis 21.1. Market Analysis by Tier of Companies 21.2. Market Share Analysis of Top Players 21.3. Market Presence Analysis 22. Competition Analysis 22.1. Competition Dashboard 22.2. Competition Benchmarking 22.3. Competition Deep Dive/ Portfolio Analysis (Global Based/Operating Key Market Players) 22.3.1. Greif Inc. 22.3.1.1. Overview 22.3.1.2. Financials 22.3.1.3. Strategy 22.3.1.4. Recent Developments 22.3.1.5. SWOT Analysis 22.3.2. Mauser Packaging Solutions 22.3.3. Time Technoplast Ltd. 22.3.4. Brambles Group 22.3.5. Schoeller Allibert Group BV 22.3.6. Cabka Group 22.3.7. Schutz GmbH 22.3.8. Pyramid Technoplast Ltd. 22.3.9. Snyder Industries LLC 22.3.10. Theilmann 22.3.11. Syspal Ltd 22.3.12. Schafer Werke GmbH 22.3.13. Auer Packaging 22.3.14. CMP Srl 22.3.15. HCS Group 22.3.16. Ajax Equipment’s 22.3.17. Arlington Packaging ltd 22.3.18. Matcon IBC 22.3.19. ILC Dover 22.3.20. ITP packaging *The above list is indicative in nature and is subject to change during the course of research 23. Assumptions and Acronyms Used 24. Research Methodology
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