IBC Rental Business Market Growth Opportunities, 2024 to 2034

Q: How big is the IBC rental business market?

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

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 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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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 US$ 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.

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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.

Table of Content

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

IBC Rental Business Market

IBC Rental Business Market Analysis based on Plastic IBC, Composite IBC, and Metal IBC from 2024 to 2034