IBC Rental Business Market

Global IBC Rental Business Market Outlook from 2024 to 2034

The global intermediate bulk containers (IBC) rental business market is anticipated to be valued at USD 1,359.7 million in 2024. The market value is projected to reach USD 2,545.3 million by 2034, expanding at a 6.5% CAGR from 2024 to 2034.

Attributes	Key Insights
Base Value (2023)	USD 1,270.3 million
Estimated Global IBC Rental Business Market Size (2024E)	USD 1,359.7 million
Projected IBC Rental Business Market Value (2034F)	USD 2,545.3 million
Value-based CAGR (2024 to 2034)	6.5%

IBC Rental Business Market Highlights

• The IBC rental business market is expected to experience lucrative growth during the forecast period.
• The market is projected to generate an incremental growth opportunity of USD 1,275 million and is predicted to expand 1.9x times the current market value by 2034.
• The global IBC rental market is thriving due to growth of international trade, requiring efficient & cost-effective bulk transportation and storage solutions.
• The intermediate bulk containers rental market is driven by high demand for secure, efficient liquid transport solutions in industries like chemicals, food, and pharmaceuticals.
• The global IBC rental market is experiencing a high demand for customized solutions, offering rental providers a competitive edge and expanding their customer base.
• E-commerce and digitalization are revolutionizing the market by streamlining procedures, enhancing transparency, and improving client convenience through online platforms.
• Reusable IBCs are gaining traction due to policies limiting single-use plastics and increasing environmental awareness. These are compelling rental companies to promote eco-friendly solutions and their ecological benefits.

Historical Performance and Future Growth of the IBC Rental Business Market

The global IBC rental business market grew at a CAGR of 3.6% during the historic period.

• International trade has increased due to globalization, which is remarkably contributing to growth of the IBC rental business.
• Increasing cross-border trade between emerging economies has become interconnected as few trading barriers have spurred the demand for rental IBC.
• IBC has become the most preferred and ideal solution for efficient and reliable packaging & storage for global trading.
• Transporting and storing bulk liquids and solid materials has generated the need for standardized, suitable solutions fulfilled by rental IBCs.
• The IBC rental company diversified its client base, serving several industries such as food, pharmaceuticals, agriculture, cosmetics, and chemicals, resulting in a stable and expanding market.
• Environmental concerns led to a shift toward reusable packaging, with IBC rental firms highlighting its ecological benefits, including smaller carbon footprints and resource conservation.
• The IBC rental industry has evolved due to advancements in materials science, manufacturing processes, and logistical technology, enhancing security and efficiency.
• The IBC rental industry has experienced consolidation and mergers by large businesses to leverage economies of scale, expand their reach, and enhance their service offerings.

Key IBC Rental Business Market Trends

• The market is undergoing a transformation due to the integration of IoT sensors, improving real-time shipment tracking, asset management optimization, logistics streamlining, and container utilization monitoring.
• IBC rental businesses offer specialized solutions for diverse sectors, including temperature control, tamper-evident seals, and compatibility with specific materials to meet each client's unique needs.
• IBC rental companies are enhancing their services to cater to industry-specific needs in the food & beverage sector, such as food-grade containers, amid customer preferences for convenience and sustainability.
• IBC rental businesses increasingly collaborate with manufacturers, logistics companies, and government agencies to leverage synergies, expand into new markets, and pool resources.
• The IBC rental industry prioritizes safety and compliance due to strict laws regulating hazardous product transportation and storage.
• IBC rental firms invest in quality assurance, certification, and training programs to boost consumer confidence and reduce risk.

Challenges for Companies in the IBC Rental Business Market

• Starting an IBC rental company requires significant capital commitment, potentially limiting growth for established companies and posing a barrier for new ones.
• The IBC rental market is highly competitive, causing price wars and margin pressure, making it challenging for businesses to maintain profitability.
• The IBC rental market's growth is set to be influenced by garbage disposal laws and environmental consciousness.
• Increasing consumer preference for eco-friendly packaging options can also potentially impact the market.

Semi-annual Market Update

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)

Country-wise Insights

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%

Robust Industrial Base in the United States to Surge Demand Through 2034

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:

• The United States, with its robust industrial base, extensive supply chain networks, and stringent regulatory framework, is the leading and developed IBC rental business market.
• The IBC rental business market in the United States is influenced by trends such as environmentally friendly packaging, regulatory compliance, and digitalization.

Demand for IBC Rises in China’s Chemical and Pharmaceutical Sector

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:

• China's IBC rental industry comprises international corporations, local players, and specialty suppliers, offering diverse sizes, types, and services to cater to several industries and applications.
• IBCs are utilized in China for hazardous chemical storage and transportation, with agriculture, food processing, pharmaceuticals, and automobile industries being the primary sectors driving the market.

India’s IBC Manufacturing Industry Supports Eco-friendly Alternatives

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 market complies with local, state, and federal laws regarding hazardous material storage and transportation, ensuring containers meet safety, environmental, and quality criteria.
• The IBC rental industry in India is transforming due to advanced technologies like RFID tags, IoT sensors, and tracking systems. These are enhancing real-time shipment tracking, logistics streamlining, and container utilization monitoring.
• The country prioritizes environmental sustainability by investing in recyclable and reusable IBCs, implementing eco-friendly measures like recycling, and container refurbishment to legal requirements.

Category-wise Insights

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%

Plastic IBC to Obtain a Prominent Share in the Market

• Plastic IBCs are renowned for their extended lifespan and resilience, which makes them ideal for rental business models.
• They resist wear and tear from repeated usage, which lowers the need for replacements over time and saves money.
• Plastic IBCs, being lighter than their metal counterparts, are expected to reduce transportation costs and increase handling efficiency for rental companies and clients.
• Plastic IBCs meet hygienic standards in the food, beverage, pharmaceutical, and cosmetics sectors, making them suitable for rental in environments requiring product integrity and cleanliness.
• Plastic IBCs allow rental firms to brand containers with logos, colors, or other distinctive elements, increasing consumer awareness and brand recognition.

Personal Care and Cosmetics Segment Tops the End-use Category

• IBCs with integrated agitation systems enhance the efficiency of blending ingredients in personal care and cosmetics formulas, resulting in uniform color and consistency.
• IBCs are utilized by personal care and cosmetics manufacturers to efficiently store and transport packaging materials, streamlining production and ensuring a steady supply.
• The personal care and cosmetics industry is set to reduce waste by repurposing IBCs for recycling and disposal.
• The industry is set to promote environmental sustainability and regulatory compliance.

Competitive Landscape

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:

• In October 2023, Hoyers GMBH renewed around 3000 tank containers worldwide, meeting the demand for specialist equipment for chemical products and liquid foodstuffs in Europe.
• In May 2023, Hoyers GMBH expanded its semi-automatic cleaning facilities for intermediate bulk containers at its Mannheim site to enhance efficiency and reduce throughput times.
• In 2023, AmeriCold Realty Trust, Inc. expanded its IBC rental capabilities through strategic partnerships, providing comprehensive logistics solutions to the food and beverage industry.

Key Players in the Rental IBC Market

• Good Pack Ltd.
• Hoover Ferguson Group, Inc.
• Precision IBC Inc.
• Hoyer Group
• TPS Rental Systems
• Brambles Ltd (Chep Ltd.)
• Schoeller Allibert B.V.
• Arlington Packaging Ltd.
• Arena Products Inc.

Key Coverage in the IBC Rental Business Industry Report

• Bulk Liquid Container Rental Market Outlook
• Tank Container Rental Market in the United States
• Portable Tank Rental Market Analysis & Statistics
• Target Market for IBC Rental Services
• Future of IBC Rental Solutions
• Rentable IBC Solutions for Industrial Applications
• IBC Rental Companies

Global IBC Rental Business Market Segmentation by Category

By Material:

• Plastic IBC
• Composite IBC
• Metal IBC
  • Stainless Steel IBC
  • Carbon Steel IBC

By Capacity:

• Standard 1,040 Liters (275 US Gal)
• Standard 1,250 Liters (330 US Gal)
• Other Customized Capacities

By End-use:

• Oil & Lubricants
• Chemicals
• Food
• Beverages
• Pharmaceuticals
• Personal Care & Cosmetics
• Other Industrial

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia & Pacific
• East Asia
• Middle East and Africa

Frequently Asked Questions

How big is the IBC rental business market?

The market is set to reach US$ 1,359.7 million in 2024.

What is the IBC rental business market outlook by 2034?

By 2034, the market is expected to reach US$ 2,545.3 million.

What is the growth potential of the IBC rental business market?

The market is anticipated to expand at a CAGR of 6.5% from 2024 to 2034.

Which material would dominates the IBC rental business market?

Plastic IBC segment is expected to lead the market by 2024.

Who are the top 3 players operating in the market?

Leading players in the market are Good Pack Ltd, Precision IBC Inc., and Hoyer Group.