Sarasota, FL -- (SBWIRE) -- 10/10/2018 -- Global Plastic Rigid IBC Market: Overview

IBC stands for the intermediate bulk container. Plastic rigid IBC is a self-standing, rigid container. It can be lined or unlined and is made of polymeric material. These containers are reusable in nature. These are mainly used in storing and transporting liquids, like food ingredients, chemicals, solvents, pharmaceutical products, etc., and granulated substance in bulk. The general volume of a plastic rigid IBC ranges from 119 gallons to 793 gallons.

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Global Plastic Rigid IBC Market: Growth Factors

The major growth driver in the global plastic rigid IBC market is the cost-effective transportation and storage, ease in maintenance, and reusability of this product. The demand for plastic rigid IBCs by food and beverages sector is on the rise, as this product is used to store and transfer food items and varied beverages in bulk from the place of their manufacture. The petroleum and lubricants industry is also increasing its usage of this product, as it can safely transport all types of solid or liquid products, including dangerous or hazardous goods. This product is highly preferred by manufacturers from various industries, such as pharmaceuticals, industrial chemicals, etc. Thus, these are some of the factors contributing to the growth of the global plastic rigid IBC market.

Global Plastic Rigid IBC Market: Segmentation

The global plastic rigid IBC market can be divided based on product type, capacity, and end use. On the basis of product type, the plastic rigid IBC market can be segmented into linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyvinyl chloride (PVC), and others. Based on capacity, the plastic rigid IBC market can be classified into less than 500 liters, between 500 and 1000 liters, between 1000 and 1500 liters, between 1500 and 2000 liters, and more than 2000 liters. The product type between 1000 and 1500 liters is expected to be more in demand in the future as compared to other product types in this segment, due to the growing demand for high capacity vessels. On the basis of end use, the plastic rigid IBC market can be divided into petroleum and lubricants, industrial chemicals, paints, inks, and dyes, food and beverages, and pharmaceuticals, among several other users.

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Global Plastic Rigid IBC Market: Regional Analysis

Based on regions, the global market for plastic rigid IBC can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The Asia Pacific region is anticipated to dominate the global plastic rigid IBC market in the upcoming years. This is due to the rising technological developments fuelled by increasing industrialization in the region. The availability of cheap labor and land in this region and the rising transportation and storage needs for various bulky goods also contribute to the expansion of this market. In the North American region, food and beverages industry is increasingly using plastic rigid IBCs for storing and transporting food products and liquids in bulk from manufacturing units.

Global Plastic Rigid IBC Market: Competitive Players

The key market players of the global market for plastic rigid IBC include Schutz Container Systems, Bulk Handling Australia, Maschiopack GmbH, Greif, Inc., Time Technoplast Ltd., WERIT, Snyder Industries, Sintex, Hoover Ferguson Group, Jielin, and Mauser Group, among several others.

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