The global intermediate bulk containers (IBC) rental business market is anticipated to be valued at US$ 1,359.7 million in 2024. The market value is projected to reach US$ 2,545.3 million by 2034, expanding at a 6.5% CAGR from 2024 to 2034.
Attributes | Key Insights |
---|---|
Base Value (2023) | US$ 1,270.3 million |
Estimated Global IBC Rental Business Market Size (2024E) | US$ 1,359.7 million |
Projected IBC Rental Business Market Value (2034F) | US$ 2,545.3 million |
Value-based CAGR (2024 to 2034) | 6.5% |
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The global IBC rental business market grew at a CAGR of 3.6% during the historic period.
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The table presents the expected CAGR for IBC rental business market over several semi-annual periods spanning from 2023 to 2034. In the first half (H1) of the decade from 2023 to 2033, the market is predicted to surge at a CAGR of 6.7%, followed by a slightly lower growth rate of 5.6% in the second half (H2) of the same decade. Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to decrease to 5.4% in the first half and surge to 6.9% in the second half.
Particular | Value CAGR |
---|---|
H1 | 6.7% (2023 to 2033) |
H2 | 5.6% (2023 to 2033) |
H1 | 5.4% (2024 to 2034) |
H2 | 6.9% (2024 to 2034) |
The table below shows the estimated growth rates of several countries. China, India, and South Africa are set to record high CAGRs of 8.5%, 9.7%, and 8.3%, respectively, through 2034.
Countries | Value-based CAGR (2024 to 2034) |
---|---|
United States | 4.6% |
Canada | 5.6% |
Brazil | 6.8% |
Mexico | 5.8% |
Germany | 3.4% |
France | 3.8% |
United Kingdom | 3.6% |
China | 8.5% |
India | 9.7% |
Japan | 6.6% |
United Arab Emirates (UAE) | 7.8% |
South Africa | 8.3% |
The IBC rental business market in the United States is expected to surge at a CAGR of 4.6% through 2034. Following factors are propelling the industry's expansion:
China's IBC rental business industry is expected to surge at a CAGR of 8.5% from 2024 to 2034. Here are a few of the key trends:
India's IBC rental business market is predicted to grow at a CAGR of 9.7% from 2024 to 2034. Some of the primary trends in the industry are:
The section below shows the plastic IBC segment dominating by material. It is predicted to surge at a CAGR of 8.1% through 2034. Based on end-use, the personal care & cosmetics segment is anticipated to generate a dominant share through 2024. The segment is expected to rise at 8.5% CAGR through 2034.
Segment | Value-based CAGR (2024 to 2034) |
---|---|
Plastic IBC (Material) | 8.1% |
Personal Care & Cosmetics (End-use) | 8.5% |
Companies operating in the IBC rental business are innovating new and existing services to meet the customers' evolving requirements. Leading companies provide customized options such as IBC with special liners or fitting for unique applications.
Key players are also incorporating IoT technology for real-time monitoring, offering specialized services, and renting IBCs. Recent activities and developments implemented by leading players in the market are:
The market is set to reach US$ 1,359.7 million in 2024.
By 2034, the market is expected to reach US$ 2,545.3 million.
The market is anticipated to expand at a CAGR of 6.5% from 2024 to 2034.
Plastic IBC segment is expected to lead the market by 2024.
Leading players in the market are Good Pack Ltd, Precision IBC Inc., and Hoyer Group.
1. Executive Summary 1.1. Market Outlook 1.2. Market Analysis 1.3. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product USPs / Features 4.3. Strategic Promotional Strategies 5. Global Market Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034 5.1. Historical Market Volume (‘000 Units) Analysis, 2019 to 2023 5.2. Current and Future Market Volume (‘000 Units) Projections, 2024 to 2034 5.3. Y-o-Y Growth Trend Analysis 6. Global Market - Pricing Analysis 6.1. Pricing Analysis 6.2. Average Pricing Analysis Benchmark 7. Global Market Demand (in Value or Size in US$ million) Analysis 2019 to 2023 and Forecast, 2024 to 2034 7.1. Historical Market Value (US$ million) Analysis, 2019 to 2023 7.2. Current and Future Market Value (US$ million) Projections, 2024 to 2034 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Parent Market Overview 8.2. Macro-Economic Factors 8.3. Forecast Factors - Relevance & Impact 8.4. PESTL & PORTER 5 Force Analysis 8.5. Value Chain 8.5.1. Raw Material Suppliers 8.5.2. IBC Manufacturers 8.5.3. End Users 8.6. Case Based Scenario - Impact Assessment 8.6.1. Current Statistics 8.6.2. Short-Mid-Long Term Outlook 8.6.3. Likely Rebound 8.7. Market Dynamics 8.7.1. Drivers 8.7.2. Restraints 8.7.3. Opportunity Analysis 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material 9.1. Introduction / Key Findings 9.2. Historical Market Size Value (US$ million) & Volume (‘000 Units) Analysis By Material, 2019 to 2023 9.3. Current and Future Market Size Value (US$ million) & Volume (‘000 Units) Analysis and Forecast By Material, 2024 to 2034 9.3.1. Plastic IBC 9.3.2. Composite IBC 9.3.3. Metal IBC 9.3.3.1. Stainless Steel IBC 9.3.3.2. Carbon Steel IBC 9.4. Y-o-Y Growth Trend Analysis By Material, 2019 to 2023 9.5. Absolute $ Opportunity Analysis By Material, 2024 to 2034 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Capacities 10.1. Introduction / Key Findings 10.2. Historical Market Size Value (US$ million) & Volume (‘000 Units) Analysis By Capacities, 2019 to 2023 10.3. Current and Future Market Size Value (US$ million) & Volume (‘000 Units) Analysis and Forecast By Capacities, 2024 to 2034 10.3.1. Standard 1,040 (275 US Gal) 10.3.2. Standard 1,250 (330 US Gal) 10.3.3. Other Customized Capacities 10.4. Y-o-Y Growth Trend Analysis By Capacities, 2019 to 2023 10.5. Absolute $ Opportunity Analysis By Capacities, 2024 to 2034 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 11.1. Introduction / Key Findings 11.2. Historical Market Size Value (US$ million) & Volume (‘000 Units) Analysis By End Use, 2019 to 2023 11.3. Current and Future Market Size Value (US$ million) & Volume (‘000 Units) Analysis and Forecast By End Use, 2024 to 2034 11.3.1. Oil and Lubricants 11.3.2. Chemicals 11.3.3. Food 11.3.4. Beverages 11.3.5. Pharmaceuticals 11.3.6. Personal Care & Cosmetics 11.3.7. Other Industrial 11.4. Y-o-Y Growth Trend Analysis By End Use, 2019 to 2023 11.5. Absolute $ Opportunity Analysis By End Use, 2024 to 2034 12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 12.1. Introduction / Key Findings 12.2. Historical Market Size Value (US$ million) & Volume (‘000 Units) Analysis By Region, 2019 to 2023 12.3. Current and Future Market Size Value (US$ million) & Volume (‘000 Units) Analysis and Forecast By Region, 2024 to 2034 12.3.1. North America 12.3.2. Latin America 12.3.3. East Asia 12.3.4. South Asia and Pacific 12.3.5. Western Europe 12.3.6. Eastern Europe 12.3.7. Middle East and Africa 12.4. Y-o-Y Growth Trend Analysis By Region, 2019 to 2023 12.5. Absolute $ Opportunity Analysis By Region, 2024 to 2034 13. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction / Key Findings 13.2. Historical Market Size (US$ million) and Volume (‘000 Units) Analysis by Market Taxonomy, 2019 to 2023 13.3. Current Market Size (US$ million) and Volume (‘000 Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 13.3.1. By Country 13.3.1.1. United States 13.3.1.2. Canada 13.3.1.3. Mexico 13.3.2. By Material 13.3.3. By Capacities 13.3.4. By End Use 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Material 13.4.3. By Capacities 13.4.4. By End Use 14. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction / Key Findings 14.2. Historical Market Size (US$ million) and Volume (‘000 Units) Analysis by Market Taxonomy, 2019 to 2023 14.3. Current Market Size (US$ million) and Volume (‘000 Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 14.3.1. By Country 14.3.1.1. Brazil 14.3.1.2. Chile 14.3.1.3. Peru 14.3.1.4. Rest of Latin America 14.3.2. By Material 14.3.3. By Capacities 14.3.4. By End Use 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Material 14.4.3. By Capacities 14.4.4. By End Use 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction / Key Findings 15.2. Historical Market Size (US$ million) and Volume (‘000 Units) Analysis by Market Taxonomy, 2019 to 2023 15.3. Current Market Size (US$ million) and Volume (‘000 Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 15.3.1. By Country 15.3.1.1. China 15.3.1.2. Japan 15.3.1.3. South Korea 15.3.2. By Material 15.3.3. By Material 15.3.4. By Capacities 15.3.5. By End Use 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Material 15.4.3. By Capacities 15.4.4. By End Use 16. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction / Key Findings 16.2. Historical Market Size (US$ million) and Volume (‘000 Units) Analysis by Market Taxonomy, 2019 to 2023 16.3. Current Market Size (US$ million) and Volume (‘000 Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 16.3.1. By Country 16.3.1.1. India 16.3.1.2. ASEAN 16.3.1.3. Australia & New Zealand 16.3.1.4. Other South Asia Pacific 16.3.2. By Material 16.3.3. By Capacities 16.3.4. By End Use 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Material 16.4.3. By Capacities 16.4.4. By End Use 17. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction / Key Findings 17.2. Historical Market Size (US$ million) and Volume (‘000 Units) Analysis by Market Taxonomy, 2019 to 2023 17.3. Current Market Size (US$ million) and Volume (‘000 Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 17.3.1. By Country 17.3.1.1. Germany 17.3.1.2. France 17.3.1.3. Spain 17.3.1.4. Italy 17.3.1.5. United Kingdom 17.3.1.6. BENELUX 17.3.1.7. Nordics 17.3.1.8. Rest of Western Europe 17.3.2. By Material 17.3.3. By Capacities 17.3.4. By End Use 17.4. Market Attractiveness Analysis 17.4.1. By Material 17.4.2. By Capacities 17.4.3. By End Use 18. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18.1. Introduction / Key Findings 18.2. Historical Market Size (US$ million) and Volume (‘000 Units) Analysis by Market Taxonomy, 2019 to 2023 18.3. Current Market Size (US$ million) and Volume (‘000 Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 18.3.1. By Country 18.3.1.1. Russia 18.3.1.2. Hungary 18.3.1.3. Poland 18.3.1.4. Balkan & Baltic Countries 18.3.2. By Material 18.3.3. By Capacities 18.3.4. By End Use 18.4. Market Attractiveness Analysis 18.4.1. By Country 18.4.2. By Material 18.4.3. By Capacities 18.4.4. By End Use 19. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 19.1. Introduction / Key Findings 19.2. Historical Market Size (US$ million) and Volume (‘000 Units) Analysis by Market Taxonomy, 2019 to 2023 19.3. Current Market Size (US$ million) and Volume (‘000 Units) Analysis and Forecast by Market Taxonomy, 2024 to 2034 19.3.1. By Country 19.3.1.1. UAE 19.3.1.2. Other GCC Countries 19.3.1.3. KSA 19.3.1.4. Turkiye 19.3.1.5. Egypt 19.3.1.6. South Africa 19.3.1.7. Israel 19.3.1.8. Rest of Middle East and Africa 19.3.2. By Material 19.3.3. By Capacities 19.3.4. By End Use 19.4. Market Attractiveness Analysis 19.4.1. By Country 19.4.2. By Material 19.4.3. By Capacities 19.4.4. By End Use 20. Market Structure Analysis 20.1. Market Analysis by Tier of Companies 20.2. Market Share Analysis of Top Players 20.3. Market Presence Analysis 21. Competition Analysis 21.1. Competition Dashboard 21.2. Competition Benchmarking 21.3. Competition Deep Dive 21.3.1. Good Pack Ltd. 21.3.1.1. Overview 21.3.1.2. Product Portfolio 21.3.1.3. Profitability by Market Segments 21.3.1.4. Sales Footprint 21.3.1.5. Strategy Overview 21.3.1.5.1. Marketing Strategy 21.3.1.5.2. Product Strategy 21.3.1.5.3. Channel Strategy 21.3.2. Hoover Ferguson Group, Inc. 21.3.2.1. Overview 21.3.2.2. Product Portfolio 21.3.2.3. Profitability by Market Segments 21.3.2.4. Sales Footprint 21.3.2.5. Strategy Overview 21.3.2.5.1. Marketing Strategy 21.3.2.5.2. Product Strategy 21.3.2.5.3. Channel Strategy 21.3.3. Precision IBC Inc. 21.3.3.1. Overview 21.3.3.2. Product Portfolio 21.3.3.3. Profitability by Market Segments 21.3.3.4. Sales Footprint 21.3.3.5. Strategy Overview 21.3.3.5.1. Marketing Strategy 21.3.3.5.2. Product Strategy 21.3.3.5.3. Channel Strategy 21.3.4. Hoyer Group. 21.3.4.1. Overview 21.3.4.2. Product Portfolio 21.3.4.3. Profitability by Market Segments 21.3.4.4. Sales Footprint 21.3.4.5. Strategy Overview 21.3.4.5.1. Marketing Strategy 21.3.4.5.2. Product Strategy 21.3.4.5.3. Channel Strategy 21.3.5. TPS Rental Systems. 21.3.5.1. Overview 21.3.5.2. Product Portfolio 21.3.5.3. Profitability by Market Segments 21.3.5.4. Sales Footprint 21.3.5.5. Strategy Overview 21.3.5.5.1. Marketing Strategy 21.3.5.5.2. Product Strategy 21.3.5.5.3. Channel Strategy 21.3.6. Brambles Ltd (Chep Ltd) 21.3.6.1. Overview 21.3.6.2. Product Portfolio 21.3.6.3. Profitability by Market Segments 21.3.6.4. Sales Footprint 21.3.6.5. Strategy Overview 21.3.6.5.1. Marketing Strategy 21.3.6.5.2. Product Strategy 21.3.6.5.3. Channel Strategy 21.3.7. Schoeller Allibert B.V 21.3.7.1. Overview 21.3.7.2. Product Portfolio 21.3.7.3. Profitability by Market Segments 21.3.7.4. Sales Footprint 21.3.7.5. Strategy Overview 21.3.7.5.1. Marketing Strategy 21.3.7.5.2. Product Strategy 21.3.7.5.3. Channel Strategy *The above list is indicative in nature and is subject to change during the course of research 22. Assumptions and Acronyms Used 23. Research Methodology
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