Plastic Rigid IBC Market Trends, Business Revenue, Future Scope, Market Trends, Key Players and Forecast to 2023

Key Players

The prominent players in the Plastic Rigid IBC Market Trends Schutz Container Systems (US), Greif, Inc. (US), Maschiopack GmbH (Germany), SCHÜTZ GmbH & Co. KGaA (US), Bulk Handling Australia (Australia), ZIBO JIELIN PLASTIC PIPE MANUFACTURE CO., LTD (China), WERIT Kunststoffwerke W. Schneider GmbH & Co.KG (Germany), Snyder Industries, Inc. (US), Sintex Industries (India), Hoover Ferguson Group, Inc. (US) among others.

Segmentation

For the purpose of analysis, the global Plastic Rigid IBC Market Trends, has been divided on the basis of four segments: material, capacity, end use, and region. On the basis of material, the market has been segmented into HDPE, LDPE, LLDPE, PVC and others. Under the material segment, HDPE accounts for the largest market share. HDPE IBC containers are preferred due to their extensive flexibility and cost effectiveness.

On the basis of capacity, the market has been segmented as follows: up to 500 liters, 500 to 1000 liters, 1000 to 1500 liters, 1500 to 2000 liters and above 2000 liters. Plastic rigid IBC containers of 500 to 1000 liters dominate the capacity segment of the market and the same is expected to grow at the highest CAGR during the forecast period. Rise in demand from various end-use applications like food & beverages and agrochemicals is driving the growth of this segment. 1000 to 1500 liters segment is expected to contribute significantly during the forecast period mainly due to increasing demand for petroleum and lubricants.

On the basis of end-use, the market has been segmented as industrial chemicals, petroleum & lubricants, food & beverages, paints inks dyes, pharmaceuticals, and others. Food & beverages dominates the end-use segment and is expected to grow at a highest CAGR during the forecast period. Rise in demand for plastic rigid IBC containers across the food & beverage segment, attributed to growing demand for storage and transportation of bulk food products and various beverages across long distances from the manufacturing units. Petroleum & Lubricants segment is also expected to contribute significantly during the forecast period mainly due to increase in automobile sales.

Hence, the global Plastic Rigid IBC Market Trends, is expected to grow at a CAGR of 5.8% during the forecast period.

Intended Audience

End-Users

Government Associations

Research Institutes

Distribution vendors

Technology Innovators

Manufacturers

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