The global folding IBCs (Intermediate bulk containers) market is expected to grow considerably during the forecast period. IBCs are multi-use industrial containers designed for the handling, transport and storage of liquids, semi-solids, or solids. These provide secure reusable packaging solution and can withstand harsh environment effect and exhibit a long-term outdoor storage capacity. The growth of biodegradable polymer materials, including polypropylene, has been fostered. This leads to alternative substitution of rigid bulk packaging form, such as folding IBCs. Their minimal contamination characteristic is driving the demand for folding IBC as they are mostly made by aseptic technologies that reduce the need for boiling and, as a result, there are fewer chances of contamination. Logistics companies are also using folding IBCs in order to provide a viable product shipping solution across the globe. The IBCs are stackable which helps to maintain the effectiveness of warehouses storage.
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The folding IBCs (Intermediate bulk containers) market is segmented into material and application. On the basis of application, the market is segmented into chemicals, food & beverages, cosmetics, pharmaceuticals, and others. On the basis of material, the market is segmented into metal and plastics. Chemicals industry segment is expected to be the dominating the global folding IBCs market owing to reduce the emission of nay hazardous chemical and also to reduce contamination. Geographically, the market is segmented on the basis of regions including North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia-Pacific region is expected to have considerable market share among all the major regions, with the highest demand for folding IBCs by chemical and food & beverage industry.
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The major players operating in the folding IBCs market are AIC Plastic Pallet Ltd., TPS Rental Systems Ltd., LOSCAM International Holdings Co., Ltd., and Milford IBC Pty Ltd. These market players adopt various strategies in order to stay competitive market. For instance, in November 2016, Horen Plastics Ltd. released a new type of plastic foldable IBC which can store both food as well as non-dangerous chemicals.
Market Segmentation
Global Folding IBCS Market by Material
- Metal
- Plastic
Global Folding IBCS Market by Application
- Chemicals
- Food & Beverages
- Cosmetics
- Pharmaceuticals
- Others
Regional Analysis
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
Company Profiles
- AIC Plastic Pallet, Ltd.
- Arena Products, Inc.
- AUER Packaging GmbH
- Bemis Company, Inc.
- Buckhorn (Myers Industries, Inc.)
- CDF Corp.
- CHEP (A Brambles Company)
- Frank Berg industrial supplies BV
- Henan Joinwell Industrial Co., Ltd.
- Horen Group
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
