Global IBC Cap Market, By Product Type (Flange, Plugs, Vent-in Plug, Vent-out Plug and Screw closure), Type (Plastic IBC, Metal IBC and Composite IBCs), Material Type (Plastics, Metal, Aluminium and Steel), End Use (Chemicals & Fertilizers, Petroleum & Lubricants, Paints, Inks & Dyes, Food & Beverage, Agriculture, Building & Construction, Healthcare & Pharmaceuticals and Mining), Application (Food And Drinks, Chemical Industry, Oil and Agriculture), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Global IBC Cap Market
Global IBC cap market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 3.60% in the above-mentioned forecast period. The growing demand of containerization of a wide range of consumer and industrial products has been directly impacting the growth of Global IBC cap market.
IBC caps (Intermediate Bulk Containers) cover parts of IBC containers usually made of metal and plastic. IBC caps also ensure that the container is properly sealed and is proof of leakage. Manufacturers of IBC have been involved in the development of accessories that help and provide a unique set of containers. IBC caps also provide for the evacuation of proof of leaks and ensure that spills do not occur leading to loss of property.
Stability in a safe and secure mode of packaging is a driving factor for the growth of the IBC cap market. Growth in demand for IBC containers for hazardous, as well as non-hazardous products is also a driving factor for the IBC cap market. An increase in demand for IBC rental services for the manufacturing and logistics industry is an opportunity for the IBC cap market.
Multiple manufacturing procedures and heavy packaging material is the main challenge for the IBC cap market. However, visibility of content and defects due to corrosion is restraint in the growth of the IBC cap market during the forecast period of 2021-2028.
This IBC cap market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research IBC cap market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
In February 2019, Greif acquired Caraustar Industries, Inc., a manufacturers of recycled materials. This acquisition is expected to enhance the recycling process for IBC accessories. Greif also expects the acquisition to improve Greif's existing boundaries; rapid increase in salary and free cash flow; and consolidate and measure Greif's existing portfolio.
Global IBC Cap Market Scope and Market Size
IBC cap market is segmented on the basis of product type, type, material type, end use and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the IBC cap market is segmented into flange, plugs, vent-in plug, vent-out plug and screw closure.
- IBC cap market has also been segmented based on type into plastic IBC, metal IBC and composite IBCs.
- Based on material type, the IBC cap market is segmented into plastics, metal, aluminium and steel. Plastic is further sub-segmented into HDPE, LDPE and LLDPE. Metal is further sub-segmented into stainless steel and carbon steel.
- Based on end use, the IBC cap market is segmented into chemicals & fertilizers, petroleum & lubricants, paints, inks & dyes, food & beverage, agriculture, building & construction, healthcare & pharmaceuticals and mining. Food and beverages is further sub-segmented into vegetable oil, palm, oil, wine, pulp concentrates.
- Based on application, the IBC cap market is segmented into food and drinks, chemical industry, oil and agriculture.
Global IBC Cap Market Country Level Analysis
IBC cap market is analysed and market size insights and trends are provided by country, product type, mounting type, fold type, material type, dispensing technology, capacity and end use as referenced above.
The countries covered in the IBC cap market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the IBC cap market due to increase in growing chemical, food & beverage, agriculture and other end-use industries, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2021 to 2028 due to an increase in intercontinental trade between developed and developing countries.
The country section of the IBC cap market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global IBC Cap Market Share Analysis
IBC cap market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to IBC cap market.
The major players covered in the IBC cap market report Custom Metalcraft Inc., Plastic Closures, Qiming Packaging Containers & Accessories, Con-Tech International., Pensteel Ltd., Material Logistics Handling Pty. Ltd, Time Technoplast Ltd., Greif, Technocraft Industries, India Ltd., Hoover Ferguson Group, Inc., Hawman Container Services, CMO Enterprises, Inc., Metano IBC Services, Inc., SCHÜTZ GmbH & Co. KGaA, Mauser Packaging Solutions, DS Smith Plc, Mondi Group, Berry Global, Inc., International Paper Company, Snyder Industries, Inc., Thielmann US LLC, Schafer Werke Gmbh, Bulk Lift International, Inc., Environmental Packaging Technologies, Inc., HCS Group, Obal Centrum s.r.o., SYSPAL Ltd. are among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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