Global Plastic Rigid IBC Market Share, Challenges, Trends, Analysis, Sales, By Material (High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), Polyvinyl Chloride (PVC), and Others), Capacity (Up to 500 liters, 500 to 1000 liters, 1000 to 1500 liters, 1500 to 2000 liters, and above 2000 liters), End Use (Industrial Chemicals, Petroleum & Lubricants, Food & Beverages, Paints Inks Dyes, Pharmaceuticals, and Others) — Forecast till 2023
Plastic Rigid IBC Market Synopsis
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.
IBCs are rigid and self-standing which enhances its integrity in the packaging industry. It is adopted as a reliable means for packaging across different domains owing to its key advantage of cost-benefit. Furthermore, the shift towards reusability and recycling is working in favor of the plastic rigid IBC market. The reusability factor is prognosticated to augment the global market over the next couple of years.
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The prominent players of the plastic rigid IBC market profiled in this MRFR report are
- 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).
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.
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.
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).
Table Of Content
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
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
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