The folding IBC market revenue is expected to reach USD 793.6 million in 2023. The folding IBC market is expected to generate USD 1,471.2 million by 2033. The folding IBC market is forecast to increase at a CAGR of 6.3% over the forecast period.
Folding IBC Market Trends and Highlights
A folding IBC rental business can be profitable, particularly for companies who require seasonal or occasional shipping services.
The inclusion of folding IBCs in integrated solutions can be made possible by partnering with companies in related industries.
Supply chain management and logistics can be improved through the incorporation of digital tracking and monitoring technologies into individual IBCs. Furthermore, the burgeoning e-commerce sector and the rise of international trade have also contributed to the growth of this market.
Key Folding IBC Market Trends
| Attributes | Key Insights |
|---|---|
| Folding IBC Market Value (2023) | USD 793.6 million |
| Projected Industry Value in (2033) | USD 1,471.2 million |
| Value-based CAGR from 2023 to 2033 | 6.3% |
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The folding IBC market exhibited a value of USD 746.7 billion in 2022. Global folding IBC demand is expected to increase at a 6.3% CAGR between 2023 and 2033. Increasing demand for space-saving and reusable materials is expected to drive the market.
| Market Value in 2022 | USD 746.7 million |
|---|---|
| Market Value in 2023 | USD 793.6 million |
A folding IBC is a versatile container that can handle both liquid and dry bulk materials. Agricultural, chemical, food and beverage, and pharmaceutical industries benefit from their adaptability. As e-commerce grows, intelligent packaging solutions are needed for liquid and bulk goods delivered to the last mile. IBCs with foldable lids can be designed specifically for this market.
Customized solutions and tailored products, such as IBCs with cooling or heating capabilities, can differentiate products and meet specific industry needs. Agricultural products can be stored and transported using folding IBCs, such as fertilizers and pesticides. The development of IBCs for the agricultural sector may present niche market opportunities.
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Based on revenues, the following table illustrates the top 5 leading countries, led by India and China. By 2033, folding IBC sales will increase in these two countries as trade demand grows and carbon footprints are reduced.
Forecast CAGR from 2023 to 2033
| Countries | Forecast CAGR |
|---|---|
| The United Kingdom | 4.1% |
| India | 6.2% |
| The United States | 2.7% |
| Germany | 2.1% |
| China | 5.4% |
The United States market for folding IBC has grown steadily over the past few years. Based on forecasts, the market is expected to rise at 2.7% CAGR from 2023 to 2033. Folding IBCs are becoming increasingly popular in the United States due to their efficiency and reliability. The number of industries and the demand for folding IBCs for these industries is expected to increase in the years to come.
Folding IBCs saves space in trucks and shipping containers due to their compact nature. With the increasing number of goods that can be transported in a single load and reduced transportation costs.
India is expected to see a rise in folding IBC consumption in the coming years. From 2023 to 2033, the market is anticipated to expand at 6.2% CAGR. The chemical industry in India relies heavily on secure storage and handling of chemicals, ensuring the integrity of products with folding IBCs. Furthermore, folding IBCs are easy to transport and store owing to their collapsible design, thereby reducing logistics expenses.
Government investments and programs such as 'Make in India' are helping India produce folding IBCs. As a result, the country is being able to meet its growing demand.
Folding IBCs are expected to be dominated by China. A CAGR of 5.4% is predicted for the market from 2023 to 2033. Export and import businesses are expected to increase in China, driving the market for folding IBC.
Increasing environmental conditions and a desire to reduce carbon footprints are driving demand for folding IBCs. As demand grows, more emphasis will be placed on waste management and environmentally friendly practices in logistics and supply chain management.
Food and pharmaceutical industries, for instance, require folding IBCs that ensure safe product handling and storage. Various goods can be shipped via folding IBCs through China, which is a major international trade hub. In addition to their standard sizes, they are durable enough to be used for exports and imports.
As the market for folding IBCs continues to grow, Germany is set to lead the way. Germany is expected to increase at 2.1% CAGR from 2023 to 2033. Rising food and beverage business is expected to grow demand for folding IBC in the market.
International regulations and standards regulate the transportation of goods, resulting in the common use of folding IBCs. Standards for safety and quality are rigorously enforced, which is expected to increase demand in the future.
The United Kingdom is expected to dominate the folding IBC market. Between 2023 and 2033, the market is predicted to expand at a CAGR of 4.1%. Safety and hygiene standards are mandatory in many industries. In order to meet these requirements, folding IBCs are designed to enable goods to be stored and transported safely.
Returnable packaging is being encouraged in the UK as well as many other countries to reduce carbon emissions and reduce waste. As demand for recyclable IBCs increases, the market is expected to expand.
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According to market forecasts, liquid packaging content is expected to dominate the market, holding a market share of 89.8% in 2023. Over the forecast period, the chemical application segment is expected to reach a market share of 45.4%.
| Segment | Market Share in 2023 |
|---|---|
| Liquid by Packaging Content | 89.8% |
| Chemicals by Application | 45.4% |
Based on the packaging content, the liquid segment is projected to show the fastest growth for folding IBCs. By 2033, the market share is expected to increase by 89.8%. Increasing regulations and demand for safe packaging systems to grow demand for folding IBCs in the market. Paper and plastic materials will be in greater demand as durable and strengthening materials become more prevalent.
Liquid packaging in IBCs varies depending on the industry. Chemical companies often use IBCs to transport and store bulk chemicals, while food and beverage companies use them for liquids. Demand for liquids is significantly influenced by the type of packaging. Various liquids can be packaged in IBCs, including water, chemicals, beverages, oils, and others. The material and specifications required for IBCs can vary depending on the type of liquid.
Based on the application, chemicals are expected to dominate the market. From 2023 to 2033, chemical applications are expected to dominate the market with 45.4% of the market share. Chemical industries are increasingly using folding IBCs due to their chemical resistance.
The folding IBC container is used in a wide range of applications for storing chemical products and moving them around. The chemical industry relies on the safe and efficient storage and transportation of chemicals, and folding IBCs provide a suitable solution. These containers are designed to withstand the corrosive nature of chemicals and ensure the integrity of the products during handling and transit.
A folding IBC offers high chemical resistance, making it an ideal container for transporting and storing chemicals. Folding IBCs makes it easier to handle chemicals safely and efficiently, ensuring the safety of both the product and those involved in the process. Chemicals such as liquids, powders, and granules can be stored in folding IBCs. Due to their versatility, they can handle different kinds of chemicals.
For chemical storage and transportation, folding IBCs are the perfect solution. Designed with a collapsible structure, they can efficiently use storage and shipping space, which reduces expenses associated with logistics. Chemical agents are resistant to folding IBCs, they are safe, versatile, and economical. As part of the production, storage, and distribution of chemicals, these containers play a crucial role.
Folding IBC is extremely fragmented and competitive due to several local and regional competitors. A number of key players have adopted marketing strategies including mergers, partnerships, acquisitions, and expansions.
| Attributes | Details |
|---|---|
| Estimated Market Size in 2023 | USD 793.6 million |
| Projected Market Valuation in 2033 | USD 1,471.2 million |
| Value-based CAGR 2023 to 2033 | 6.3% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value in USD million |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Market Segments Covered | Material, Capacity, Application, Packaging Content, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Schoeller Allibert Group B.V.; Ac Buckhorn LLC; Finncont Oy; A. R. Arena Products Inc.; TranPak Inc.; TPS Rental Systems Ltd; RPP Containers; Horen Group; ORBIS Corp.; Bulk Handling Australia Group Pty Ltd; Dalian CIMC Logistics Equipment Co. ;Ltd.; Loscam Ltd.; Milford IBC |
Folding IBC sales are expected to reach USD 793.6 million in 2023.
From 2023 to 2033, folding IBCs are projected to expand by 6.3% CAGR.
The folding IBC industry is forecast to reach USD 1471.2 million by 2033.
The chemical application segment is expected to dominate the market.
The liquid segment is expected to dominate the folding market.
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Folding IBC Market
