The global folding IBCs Market has witnessed impressive growth over the last few years due to an increase in the export and imports across the globe. Owing to its flexibility, reduced chances of breaking (durability), and highly secured transportation, the market of folding IBCs is expected to create significant growth and investment opportunities for players operating in the market. Moreover, the chemicals application segment is expected to stimulate the sales of bulk container globally by the end of 2027.
Increase in the prices of raw materials and economic downturns in certain parts of the world are posing a challenge for the global folding IBCs manufacturers. As a result of which, the manufacturers are not able to provide the product at a low cost and maintain their profitability margins. Moreover, the rising demand for sustainable form of packaging due to its flexibility and variety in dimension is expected to hamper the growth of folding IBCs market.
Demand for folding IBCs is gaining traction, particularly in APEJ, and North America. Emerging economies are witnessing meteoric growth in trade volume. Governments of economic powerhouses such as China and India have various ongoing projects that aim to essentially double the volume of current trade in the next five years, which in turn is expected to bolster the regional folding IBCs market. In addition, North America of late has been witnessing a steep rise in demand for food and chemical applications. One third of the agricultural land in the U.S. is meant particularly for exports which drives the need for bulk packaging. Folding intermediate bulk containers offer several advantages such as reusability, leading to their wide applicability across various end users.
Revenue generated from sales of Global folding IBCs is estimated to be valued at US$ 331.1 Bn by the end of 2017 and is expected to increase at a CAGR of 4.8% over the forecast period. Consumption of global folding IBCs is expected to be pegged at 1,162,648 Units by 2027. Increase in the trade activities across various economies is further projected to accelerate the growth of global folding IBCs during the forecast period.
By material type, the global bulk container is segmented into Plastic, Metals. The metal segment is further sub segmented into carbon steel and stainless steel. Plastics is expected to dominate the global folding IBCs Market during the forecast period. Factors such as high flexible strength and growing preference in food and beverage and chemicals application segment are expected to drive the demand of plastic folding IBCs during the forecast period.
Among application, the chemicals application segment is expected to continue its dominance in the market during the forecast period. Food & Beverage is expected to follow chemicals application segment by 2027 end.
On the basis of region, North America market is anticipated to dominate the Global folding IBCs Market in 2017. APEJ region is anticipated to gain significant incremental opportunity in revenue terms by 2027 end. This trend is attributed to the mounting demand from chemicals and food & beverage application segment.
Key players in the global folding IBCs market includes Schoeller Allibert Group B.V., Ac Buckhorn LLC, Finncont Oy, Bulk Handling Australia Group Pty Ltd, A. R. Arena Products Inc., TranPak Inc., Brambles Group, ORBIS Corp., Dalian CIMC Logistics Equipment Co., Ltd., TPS Rental Systems Ltd, Loscam Ltd., Milford IBC, RPP Containers, Arlington Packaging (Rental) Limited, Horen Group, Dalian Edo Int’l Trade Co., Ltd., Cnplast Industry Group, SBH Solutions, Nier Systems Inc. and Bulk Systems, Inc.
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