The global Intermediate Bulk Container Liner Market size is expected to reach USD 1.44 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.4% from 2023-2030. This growth is attributed to the growing freight costs which is driving the exporters to adopt IBC liners which help in significantly reducing the space occupancy compared to other bulk packaging solutions. In addition, its unique properties such as reducing the need to clean the container, reusability, lower-cost, and its ability to prevent product contamination propels the market demand for IBC liners.
Furthermore,
the growing imports and exports of food and beverage products in regions such
as Asia Pacific, North America, Central and South America, and others are
driving the demand for IBC liners globally. For instance, rising demand from
China for Brazilian alcoholic beverages has increased the bulk exports of
alcoholic beverages from Brazil to China. This further gives rise to the increased
demand for IBC liners for international transportation of liquid products.
Moreover,
the IBC liners market is driven by several government policies and frameworks
promoting the utilization of IBC liners as a packaging solution. For instance,
in the U.S. the Environmental Protection Agency (EPA) regulates and promotes
the utilization of IBC liners for bulk packaging of food & beverage,
industrial liquids, and household products.
The
industry players are adopting several strategies including partnerships, new
product launches, expansions, mergers and acquisitions, joint ventures, and
partnership agreements to increase the customer base and individual market
share. For instance,in June 2022, SIG, a flexible packaging solutions provider
announced the acquisition of Scholle IPN, a packaging solution manufacturer.
With this acquisition both the companies are expected to expand their product
portfolio with innovative packaging solutions for liquid bulk packaging.
Related Press
Release@ Intermediate
Bulk Container Liner Market Report
Intermediate Bulk Container Liner Market Report
Highlights
- The
Intermediate Bulk Container liner market is propelling owing to the shift
in consumer preference towards organic food products resulting in
increased international trade agreements across regions
- The presence
of various alternative bulk packaging solutions such as flexitanks or
barrels and drums used for global trade is expected to restrain the market
demand for IBC liners to a certain extent
- The above
1000 liters capacity segment is expected to grow at a fast CAGR of 5.5%
over the forecast period 2023-2030 owing to the increased demand for bulk
packaging from various application industries such as food & beverage,
industrial liquid, and household products
- The food and
beverage application segment dominated the IBC liner market in the base
year 2022 and accounted for over 70.0% due to the increasing agriculture
sector and its international trade across regions
- IBC liner
market in Asia Pacific is expected to grow with the fastest CAGR of 6.4%
owing to the presence of major companies involved in the bulk exports of
food & beverages such as Nestlé India Limited and Coca-Cola India
Private Limited
- Several
companies involved in strategic initiatives such as expansions and
collaborations are driving the market demand for IBC liners. For instance,
in October 2022, Sealed Air announced its plan to expand its geographical
presence in Latin America by launching a new R&D center in Brazil.
This center will further undertake the development of IBC liners to serve
the industrial, food & beverage, and household product sectors
Intermediate Bulk Container Liner
Market Report Scope
|
Report Attribute |
Details |
|
Market
size value in 2023 |
USD 997.0
million |
|
Revenue
forecast in 2030 |
USD 1.44
billion |
|
Growth
Rate |
CAGR of
5.4% from 2023 to 2030 |
|
Base year
for estimation |
2022 |
|
Historical data |
2018 - 2021 |
|
Forecast period |
2023 - 2030 |
Intermediate Bulk Container Liner Market Segmentation
Grand
View Research has segmented the global intermediate bulk container (IBC) liner
market on the basis of capacity, application, and region:
Intermediate Bulk Container Liner Capacity Outlook
(Revenue, USD Million, 2018 - 2030)
- Upto 1000
liters
- Above 1000
liters
Intermediate Bulk Container Liner Application Outlook
(Revenue, USD Million, 2018 - 2030)
- Food &
Beverage
- Alcoholic
Beverages
- Non-Alcoholic
Beverages
- Others
- Industrial
Liquids
- Household
Products
Intermediate Bulk Container Liner Regional Outlook
(Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- Malaysia
- Thailand
- Central
& South America
- Brazil
- Mexico
- Argentina
- Chile
- Colombia
- Middle East
& Africa
- GCC
Countries
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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