Intermediate Bulk Containers (IBCs) are large, reusable industrial containers designed for transporting and storing bulk liquids, powders, or granulated materials. Typically made of durable materials such as plastic or metal, IBCs have standardized dimensions for easy handling and compatibility with various logistics systems. They often feature a pallet base for stability and can hold volumes ranging from 200 to 3,000 liters. IBCs provide a cost-effective and environmentally friendly alternative to traditional packaging methods. Commonly used in industries such as chemicals, food and beverages, and pharmaceuticals, IBCs play a crucial role in facilitating efficient and secure bulk material handling throughout the supply chain.
Access Full Report @ https://www.databridgemarketresearch.com/reports/latam-intermediate-bulk-containers-ibc-market
Data Bridge Market Research analyzes that the LATAM Intermediate Bulk Containers (IBC) Market is expected to reach USD 421,772,425.90 by 2031 from USD 327,430,000.00 in 2023, growing with a CAGR of 3.3% in the forecast period of 2024 to 2031.
Key Findings of the Study
Increase in Demand for Efficient Packaging Solutions in Food and Pharmaceutical Industry
The food and pharmaceutical industries require packaging solutions that can ensure the protection and safety of their products. Intermediate Bulk Containers (IBCs) are designed to provide a secure and durable packaging option, protecting contents from contamination, damage, and external elements. The food and pharmaceutical sectors are highly regulated, and packaging solutions must comply with various health and safety standards. Intermediate Bulk Containers (IBCs) are often designed to meet these regulatory requirements, providing a reliable and compliant packaging solution for transporting and storing sensitive products.
The pharmaceutical and food industry demand for efficient, compliant, and cost-effective packaging solutions, combined with the unique features of Intermediate Bulk Containers (IBCs), contributes to the growth of the IBC market in this sector. The ability of Intermediate Bulk Containers (IBCs) to address the specific needs of pharmaceutical and food products makes them a preferred choice for bulk transport and storage in the pharmaceutical and food supply chain which is driving the market growth.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2024 to 2031
|
|
Base Year
|
2023
|
|
Historic Years
|
2022 (Customizable to 2016-2021)
|
|
Quantitative Units
|
Revenue in USD and Volume in Unit
|
|
Segments Covered
|
Product Type (Rigid Intermediate Bulk Containers (RIBC) and Flexible Intermediate Bulk Containers (FIBC), Material (Plastic, Metal, Fiberboard, and Others), Filling Technology (Aseptic and Non-Aseptic), Content Type (Solids, Semi-Solids, and Liquids), Container Type (Dry Container, Isolated Container, Open Top Container, Hard Top Container, Tank Container, Platform Container, Ventilated Container, and Others), Application (Chemicals, Oil & Gas, Food & Beverages, Agriculture, Pharmaceuticals, Paints, Inks & Dyes, Cosmetic & Personal Care, Building & Construction, Textiles, and Others)
|
|
Countries Covered
|
Mexico, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Costa Rica, Panama, Paraguay, Bolivia, Venezuela, Guatemala, El Salvador, Honduras, Rep Dominicana, Trinidad and Tobago, Jamaica, and Rest of LATAM
|
|
Market Players Covered
|
BWAY Corporation (U.S.), Greif (U.S.), Schütz GmbH & Co. KGaA. (Germany), International Paper (U.S.), Mondi Brambles (U.K.), Snyder Industries (U.S.), THIELMANN - The Container Company (Germany), and Schoeller Allibert (Netherlands) among others
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
|
Segment Analysis
The LATAM Intermediate Bulk Containers (IBC) market is segmented into seven notable segments which are based on product type, material, filling technology, content type, container type, application, and distribution channel.
- On the basis of product type, the LATAM Intermediate Bulk Containers (IBC) market is segmented into Rigid Intermediate Bulk Containers (RIBC), Flexible Intermediate Bulk Containers (FIBC)
In 2024, the Rigid Intermediate Bulk Containers (RIBC) segment is expected to dominate the LATAM Intermediate Bulk Containers (IBC) Market
In 2024, the Rigid Intermediate Bulk Containers (IBC) segment is expected to dominate the market with 52.95% market share due to its reusable and recyclable property, providing an eco-friendlier alternative to single-use packaging.
- On the basis of material, the LATAM Intermediate Bulk Containers (IBC) market is segmented into plastic, metal, fiberboard, and others
In 2024, the plastic segment is expected to dominate the LATAM Intermediate Bulk Containers (IBC) Market
In 2024, the plastic segment is expected to dominate the market with a market share of 52.68% due to the versatile containers that can be used for a wide range of products, including chemicals, pharmaceuticals, food and beverages, and more.
- On the basis of filling technology, the LATAM Intermediate Bulk Containers (IBC) market is segmented into aseptic and non-aseptic. In 2024, the non-aseptic segment is expected to dominate the market with a market share of 51.98%
- On the basis of content type, the LATAM Intermediate Bulk Containers (IBC) market is segmented into solids, semi-solids, and liquids. In 2024, the liquids segment is expected to dominate the market with a market share of 52.06%
- On the basis of container type, the LATAM Intermediate Bulk Containers (IBC) market is segmented into dry container, isolated container, open top container, hard top container, tank container, platform container, ventilated container, and others. In 2024, the tank container segment is expected to dominate the market with a market share of 36.54%
- On the basis of application, the LATAM Intermediate Bulk Containers (IBC) market is segmented into chemicals, oil & gas, food & beverages, agriculture, pharmaceuticals, paints, inks & dyes, cosmetic & personal care, building & construction, textiles and others. In 2024, the chemicals segment is expected to dominate the market with a market share of 24.76%
- On the basis of distribution channel, the LATAM Intermediate Bulk Containers (IBC) market is segmented into direct and indirect. In 2024, the indirect segment is expected to dominate the market with a market share of 68.16%
Major Players
Data Bridge Market Research analyzes BWAY Corporation (U.S.), International Paper (U.S.), Greif (U.S.), Schütz GmbH & Co. KGaA. (Germany), and Mondi (U.K.) as the major players of the LATAM Intermediate Bulk Container (IBC) market.
Market Developments
- In January 2024, Greif announced the introduction of the Greif Customer Portal (CDP), a digital platform aimed to improve the customer experience and simplify corporate processes. The Greif CDP is already available to consumers at the production plants in Lavonia, Georgia; Lithonia, Georgia; Charlotte, North Carolina; and Auburndale, Florida, with more locations planned to join in 2024. It enables the organization to do more efficient operations with its valued consumers
- In September 2023, BWAY Corporation continues to develop its manufacturing capacities across the world, most notably investing in cutting-edge technology for the production of composite intermediate bulk containers (IBCs) at its Toluca, Mexico location. A new IBC cage production line was established at the plant to assist the region's manufacture of UN-certified 275-gallon composite IBCs
- In April 2023, BASF SE, NXTGN, and THIELMANN - The Container Company have signed a Joint Development Agreement (JDA), establishing the groundwork for a strategic collaboration in the field of intermediate bulk container (IBC) tracking. This openness enables more efficient resource planning, personalized maintenance, and comprehensive traceability
- In January 2023, BWAY Corporation created a new series of stackable, all-plastic IBCs. The new series of IBCs, which are available in 275 and 330-gallon capacities, offer users a very robust and reusable packaging option that is excellent for the industrial chemical, agricultural chemical, acid, water treatment, and petrochemical industries. It enables the firm to extend its product line and enhance its income
- In September 2021, BWAY Corporation made considerable investments in cutting-edge technology to increase its IBC and plastic drum production capacities at its Gebze, Turkey site. These initiatives would also help to increase the collection and supply of reconditioned packaging in the region. These upgrades will enable Mauser Packaging Solutions to better service its clients and fulfill increased local market demand for new and refurbished IBCs and plastic drums
Regional Analysis
Geographically, the countries covered in the LATAM Intermediate Bulk Container (IBC) market are Mexico, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Costa Rica, Panama, Paraguay, Bolivia, Venezuela, Guatemala, El Salvador, Honduras, Rep Dominicana, Trinidad and Tobago, Jamaica, and rest of LATAM.
Brazil is estimated to be the dominant and fastest-growing country in the LATAM Intermediate Bulk Container (IBC) Market
Brazil is expected to dominate the market as its economic growth, and industrialization could contribute to increased demand for IBCs, especially if there's a rise in the manufacturing and export-oriented industries. Also, Brazil is the fastest-growing country due to its increasing demand in the oil and gas industry.
As per Data Bridge Market Research analysis:
For more detailed information about the LATAM Intermediate Bulk Container (IBC) Market report, click here – https://www.databridgemarketresearch.com/reports/latam-intermediate-bulk-containers-ibc-market
