Global Intermediate Bulk Containers (IBC) Rental Business Market, By Material Type (Carbon Steel, Stainless Steel, Plastic), Product Type (Flexitanks, Stainless Steel, Insolvency and Bankruptcy Code, Carbon Steel Insolvency and Bankruptcy Code, Plastic Insolvency and Bankruptcy Code, Composite Insolvency and Bankruptcy Code), Content (Liquid, Solids, Semi-Solids), Capacity (Up To 1,000 Liters, 1,001-1,500 Liters, 1,501-2,000 Liters, Above 2,000 Liters), End User (Industrial Chemicals, Petroleum and Lubricants, Paints, Inks and Dyes, Food and Beverages, Personal Care and Cosmetics, Synthetic and Natural Rubber, Tires and Auto Components, Pharmaceuticals, Others) - Industry Trends and Forecast to 2030.
Intermediate Bulk Containers (IBC) Rental Business Market Analysis and Size
The essential factors contributing to the growth of the global intermediate bulk containers (IBC) rental business market in the forecast period of 2023 to 2030 include the surging demand for sustainable packaging solutions. Also, the increased demand for bulk transportation of liquid is significantly contributing to the market’s growth. Recycled materials can pose the concerns about heterogeneity of composition.
Data Bridge Market Research analyses that the global intermediate bulk containers (IBC) rental business market which was USD 22.35 billion in 2022, is expected to reach USD 36.83 billion by 2030, growing at a CAGR of 6.44% during the forecast period of 2023 to 2030. In 2023, the “industrial chemicals” segment will dominate the market due to demand for bulk transportation of liquids. 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.
Intermediate Bulk Containers (IBC) Rental Business Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volume in Units, Pricing in USD
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Segments Covered
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Material Type (Carbon Steel, Stainless Steel, Plastic), Product Type (Flexitanks, Stainless Steel, Insolvency and Bankruptcy Code, Carbon Steel Insolvency and Bankruptcy Code, Plastic Insolvency and Bankruptcy Code, Composite Insolvency and Bankruptcy Code), Content (Liquid, Solids,Semi-Solids), Capacity (Up To 1,000 Liters, 1,001-1,500 Liters, 1,501-2,000 Liters, Above 2,000 Liters), End User (Industrial Chemicals, Petroleum and Lubricants, Paints, Inks and Dyes, Food and Beverages, Personal Care and Cosmetics, Synthetic and Natural Rubber, Tires and Auto Components, Pharmaceuticals, Others)
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Countries Covered
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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
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Market Players Covered
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Goodpack Pte Ltd. (Singapore), METANO IBC SERVICES, INC. (U.S.), Brambles Ltd (Australia), TPS Rental Systems Ltd (U.K.), HOYER GmbH (Germany), Arlington Packaging (Rental) Limited (U.K.), CHEP (U.S.), Berry Global Inc. (U.S.), Bulk Lift International, LLC (U.S.), Conitex Sonoco (U.S.), GLOBAL-PAK, INC (U.S.), Greif (U.S.), Plastipak Holdings, Inc. (U.S.), SYSPAL Ltd. (U.K.), DS Smith (U.K.), and BASF SE (Germany)
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Market Opportunities
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Market Definition
IBC rental business is known as services of renting intermediate bulk containers for a long or short time period as per the requirement of customers. Companies hire these containers to import and export their local goods to across oceans because importing these goods through ocean is much cheaper than by air.
Global Intermediate Bulk Containers (IBC) Rental Business Market Dynamics
Drivers
- Acceleration in Worldwide Commerce
The acceleration in worldwide commerce acts as a significant driver in the global intermediate bulk containers (IBC) rental business market. As international trade grows, the need for efficient and cost-effective bulk transportation and storage solutions increases. Renting IBCs provides flexibility and cost savings for businesses engaged in global commerce, making it an essential component of supply chain logistics and driving the market's growth.
- Rising Demand for Sustainable Packaging
Life-cycle valuation is so innovative at this stage every company use it to support their sustainability claims even so, reuse, recycling and reduction are specifically restricted to sterile intermediate bulk containers (IBC) rental business. Recycled materials can pose the concerns about heterogeneity of composition. Reduction is not the dominant factor of the companies that double-package such as a primary package closed inside the secondary package so that the main package remains sterile on the exterior and interior.
- Demand for Bulk Transportation of Liquid
The demand for bulk transportation of liquids serves as a driver in the global intermediate bulk containers (IBC) rental business market. Industries like chemicals, food and beverages, and pharmaceuticals require secure and efficient liquid transport solutions. Renting IBCs offers a flexible and cost-effective way to meet this demand, as it provides a reliable and safe means for the bulk movement of liquids, fostering market growth.
Opportunity
- Growing Demand for Customized Solutions in Rental Business
The growing demand for customized solutions in the rental business represents an opportunity in the global intermediate bulk containers (IBC) rental business market. Rental providers can capitalize on this trend by offering tailored IBC solutions that cater to unique customer requirements. By providing flexibility and personalized services, companies can gain a competitive edge and tap into niche markets, expanding their customer base and revenue potential.
Restraint/Challenge
- High Prices and Bans on Import and Export
However, high prices of IBCs, along with bans on import and export, can pose challenges in the global intermediate bulk containers (IBC) rental business market. High acquisition costs of IBCs can deter potential customers from renting, while import and export restrictions can limit the availability of IBCs in certain regions, impacting market access. Balancing affordability and availability becomes essential in overcoming these obstacles.
This global intermediate bulk containers (IBC) rental business market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 the global intermediate bulk containers (IBC) rental business market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Intermediate Bulk Containers (IBC) Rental Business Market Scope
The global Intermediate bulk containers (IBC) rental business market is segmented on the basis of material type, product type, content, capacity, and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material Type
- Carbon Steel
- Stainless Steel
- Plastic
Product Type
- Flexitanks
- Stainless Steel
- Insolvency and Bankruptcy Code
- Carbon Steel Insolvency and Bankruptcy Code
- Plastic Insolvency and Bankruptcy Code
- Composite Insolvency and Bankruptcy Code
Content
- Liquid
- Solids
- Semi-Solids
Capacity
- Up to 1,000 Liters
- 1,001-1,500 Liters
- 1,501-2,000 Liters
- Above 2,000 Liters
End User
- Industrial Chemicals
- Petroleum and Lubricants
- Paints
- Inks and Dyes
- Food and Beverages
- Personal Care and Cosmetics
- Synthetic and Natural Rubber
- Tires and Auto Components
- Pharmaceuticals
- Others
Global Intermediate Bulk Containers (IBC) Rental Business Market Regional Analysis/Insights
Global intermediate bulk containers (IBC) rental business market is analysed and market size insights and trends are provided by material type, product type, content, capacity, and end user as referenced above.
The countries covered in the global intermediate bulk containers (IBC) rental business market report are 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.
Europe is expected to dominate the global intermediate bulk containers (IBC) rental business market due to the increasing demand for intermediate bulk containers (IBC) rental business in this region and sturdy ordinances and prospering productions in the region. North America is expected to grow with highest growth rate during the forecast period of 2023 to 2030 due to rigorous laws and management concerning the shipment of perilous compounds in the region.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Intermediate Bulk Containers (IBC) Rental Business Market Share Analysis
The global intermediate bulk containers (IBC) rental business 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 global intermediate bulk containers (IBC) rental business market.
Some of the major players operating in the global intermediate bulk containers (IBC) rental business market are:
- Goodpack Pte Ltd. (Singapore)
- METANO IBC SERVICES, INC. (U.S.)
- Brambles Ltd (Australia)
- TPS Rental Systems Ltd (U.K.)
- HOYER GmbH (Germany)
- Arlington Packaging (Rental) Limited (U.K.)
- CHEP (U.S.)
- Berry Global Inc. (U.S.)
- Bulk Lift International, LLC (U.S.)
- Conitex Sonoco (U.S.)
- GLOBAL-PAK, INC (U.S.)
- Greif (U.S.)
- Plastipak Holdings, Inc. (U.S.)
- SYSPAL Ltd. (U.K.)
- DS Smith (U.K.)
- BASF SE (Germany)
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