Intermediate Bulk Container Market: By Product (RIBC (Metal, Paperboard, Plastic, Composite), FIBC (Flexitanks, Bags)), By Material (Metal & Paperboard, Plastic, Plastic (PE, PP, PVC)), By Content (Liquid, Solid & Semi-Solid), By Capacity (RIBC (Up to 1,000 Ltr, 1,000 – 1,500 Ltr, Above 1,500 Ltr), FIBC (Up to 500 Kg, 501 to 1,000 Kg, 1,001 to 1,500 Kg, Above 1,500 Kg)), By End User (RIBC (Chemicals, Petroleum & Lubricants, Paints, Inks & Dyes, Food & Beverage, Cosmetic & Personal, Healthcare & Pharmaceuticals, Others), FIBC (Chemicals & Fertilizers, Food & Agriculture, Building & Construction, Healthcare & Pharmaceuticals, Mining, Others)) and Geography  

Intermediate Bulk Container Market size was valued at USD x million in 2022 and is poised to grow at a CAGR of 5.9% from 2023-2029. Intermediate bulk containers (IBC) are used in industries with locked shipping containers with a liquid volume from 119 to 793 gallons. They are used for storing and transporting liquids defined in the United Nations and Code of Federal Regulations Recommendations on the Transport of Hazardous Goods, which comprises combustible and flammable liquids. IBCs can be manufactured from metal, plastic, or a complex of materials. Composite IBCs are normally an amalgamation of blow-molded plastic vessels in a metal cage or a plastic cage in a ribbed box. The increasing intermediate bulk container market demand for industrial storage and packaging can lead to the intermediate bulk container market growth. Moreover, increasing demand in the food industry and rising demand in the automotive sector are some primary factors that can boost the global intermediate bulk container market. Apart from this, the growing popularity of the IBC due to their sustainable harmless packaging process and growing demand for IBC in the petrochemical industry can also accelerate the market in the future. However, some factors such as the rise in the cost of research and development actions and the surge in the instabilities in raw materials costs can restrain the growth of the market. Companies should focus on using other substitutes such as cylindrical drums that can create an opportunity for the global intermediate bulk container market growth. Moreover, technological advancement and increasing industrialization can provide lucrative opportunities.

Intermediate Bulk Container Market Key Developments:

• In November 2020, ChemiFlow was launched by Schoeller Allibert which is an UN-approved Intermediate Bulk Container (IBC) designed to safely transference hazardous and highly corrosive chemicals.
• In September 2020, Greif launched real-time tracking technology, GCube Connect, for composite Intermediate Bulk Containers (IBCs) in its determination to help customers grow performance, decrease costs and progress their carbon footprint.