The demand for stainless steel IBCs in the United States reached US$ 183.9 million in 2022 and is forecast to exhibit Y-o-Y growth of 1.9% in 2023. Sales of stainless steel IBCs in the United States will likely total US$ 187.9 million in 2023 and US$ 239.4 million by 2033. Over the forecast period, stainless steel IBC demand in the country is set to rise at 2.5% CAGR.
The recent stainless steel IBC industry analysis shows that the chemicals segment is expected to account for more than 49.0% of share in 2022. This is due to rising usage of stainless IBCs for storing and transporting a wide range of dangerous chemicals.
In terms of capacity, the 1,001 to 1,500 litres segment accounted for a significant share of over 55% in 2022. This segment is anticipated to attain a valuation of US$ 125.6 million by 2033.
| Attributes | Key Insights |
|---|---|
| United States Stainless Steel IBC Anticipated Value (2022A) | US$ 183.9 million |
| United States Stainless Steel IBC Estimated Revenue (2023E) | US$ 187.9 million |
| United States Stainless Steel IBC Projected Revenue (2033F) | US$ 239.4 million |
| Anticipated United States Stainless Steel IBC Value CAGR (2023 to 2033) | 2.5% |
| Collective Value Share: Top 5 Companies (2022A) | 30% to 35% |
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United States to Expand 1.3X through 2033
The United States stainless steel intermediate bulk container (IBC) business is projected to expand 1.3X through 2033, amid a 1.4% increase in predicted CAGR compared to the historical one. This is attributable to increasing demand for sustainable and corrosion-resistant containers from diverse sectors.
Chemical Businesses to Remain the Primary Consumer of Stainless Steel IBCs
As per the latest report, the United States chemical business domain is expected to remain the leading end user of stainless steel intermediate bulk containers in the United States. This is due to the rising usage of stainless steel IBCs in the chemical business domain to store and transport hazardous and non-hazardous chemicals.
Stainless steel IBCs are in high demand from the chemical business domain due to their durable, leak-proof, and corrosion-resistant properties. These chemical-grade IBCs can safely handle, store, and transport corrosive chemicals. Growing adoption across the chemical business domain will improve share in the United States stainless steel IBC business.
Manufacturers Exploring Novel Technologies to Stay Ahead
Leading United States-based stainless steel IBC manufacturers are focusing on utilizing advanced technologies in IBCs. For instance, they are exploring integrating IoT devices to enable real-time monitoring of packed contents.
Certain IBC companies use sensors to track pressure, temperature, and other vital parameters. They are looking for ways to integrate smart technologies that facilitate easier maintenance of stainless steel IBCs. All these innovations are expected to help companies to stand out from the crowd and expand their customer base.
Intermediate bulk containers (IBCs) or IBC totes are bulk industrial packaging solutions gaining popularity across the United States. They are in high demand from sectors dealing with liquids, semi-solids, and other sensitive compounds. Stainless IBCs are widely used in chemicals, food & beverages, and pharmaceuticals. This is due to several advantages, including,
The United States Environmental Protection Agency finalized packaging criteria in April 2011, 25% of which should be met by manufacturers of packaging products to get their offerings approved for commercial use. Stringency in such laws propels the use of recyclable materials in the United States packaging business domain.
Innovative and technologically advanced packaging solutions like intelligent or smart packaging are drawing the attention of manufacturers based in the United States. Domestic players in the United States packaging business domain are also exploring ways to trade along the global sustainable packaging trend.
Principal Consultant
The United States stainless steel IBC space recorded a CAGR of 1.1% during the historic period. Total value surged from US$ 176.1 million in 2018 to US$ 183.9 million in 2022.
Sales of stainless steel IBCs in the United States grew slowly during the historical period. This was primarily due to the impact of the COVID-19 pandemic on the end-use fields and cross-border trade activities.
United States Stainless Steel IBC Industry Outlook
The United States stainless steel intermediate bulk container business is forecast to thrive at a steady CAGR of 2.5% during the assessment period. Total revenue in the country is projected to reach US$ 239.4 million by 2033.
| Historical CAGR (2018 to 2022) | 1.1% |
|---|---|
| Forecast CAGR (2023 to 2033) | 2.5% |
Expansions of Chemical, Pharmaceutical, and Food & Beverage Firms Driving Sales
Rising adoption of stainless steel IBC across chemical, food & beverage, and pharmaceutical sectors is a key factor driving the United States space forward. These sectors have strict regulations regarding the safe and hygienic handling of materials, and stainless steel IBC meets all these regulations.
Several food manufacturers across the United States are using food grade IBCs to transport sensitive food & beverage products. This high adoption of food grade IBCs is expected to boost the United States stainless steel IBC business.
Growing Demand for Durable and Corrosion-resistant Packaging Solutions
Stainless steel IBCs suitable for storing and transporting needs across several sectors, especially those handling chemicals, food products, hazardous liquids, and pharmaceuticals. As related sectors expand across the United States, industrial bulk containers are expected to grow in demand through 2033.
Rapid Shift towards Sustainable Packaging
Stainless steel IBCs are reusable and recyclable, making them eco-friendlier than other containers. United States-based businesses looking to reduce their environmental impact are inclined to use sustainable packaging solutions like stainless steel IBCs. This is expected to drive sales of stainless steel IBCs in the country.
Increasing Cross-border Trade to Drive Demand for Stainless Steel IBCs
The United States is a key importer and exporter of chemicals, pharmaceuticals, and other commodities. Rising trade activities in the country are creating a high demand for packaging solutions like stainless steel IBCs, and the trend is expected to continue through 2033.
Companies widely use these packaging containers to transport bulk materials and products across borders as they are safe, durable, secure, corrosion-resistant, stackable, and cost-effective. This is a crucial factor boosting sales in the United States.
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Reusability and Environmental Benefits of Stainless Steel IBCs Fueling Adoption
As stainless steel IBCs can be reused multiple times, they reduce the need for single-use packaging materials, such as plastic containers. This helps minimize waste generation and lowers the carbon footprint associated with manufacturing and disposing of single-use items.
Reusable packaging, including stainless steel IBCs, contributes to lower CO2 emissions. By extending the lifespan of containers, there is a reduction in the energy and resources required for producing new containers, leading to a more environmentally friendly supply chain. This is driving their adoption across the United States.
The food and beverage sector increasingly adopts reusable containers like stainless steel IBCs to create zero-waste supply chains. These containers are a sustainable alternative to single-use packaging and contribute to efficient and eco-friendly operations.
Several companies and sectors have sustainability goals to reduce their environmental impact. Adopting reusable stainless steel IBCs aligns with these goals and demonstrates a commitment to environmentally responsible practices. Hence, the reusability and ecological benefits will likely drive stainless steel IBC demand in the United States.
Usage of Alternative Industrial Containers like Plastic IBC can Hamper Demand
Several companies prefer plastic drums, bulk bags, and plastic IBCs for transporting goods. This is due to the lightweight and cost-effectiveness of these industrial packaging solutions. Rising adoption of these industrial packaging solutions might limit the growth of United States stainless steel IBC.
| Sub-region | Value CAGR |
|---|---|
| Northeast | 1.7% |
| Southwest | 2.0% |
| Southeast | 3.0 |
Growth Outlook by Key Capacity
| Capacity | Value CAGR |
|---|---|
| Up to 1,000 Liters | 3.4% |
| Between 1,001 to 1,500 | 2.0% |
| More than 1,500 Liters | 2.7% |
Based on capacity, the United States stainless steel IBC business is segmented into up to 1,000 liters, between 1,001 to 1,500 liters, and more than 1,500 liters. The 1,001 to 1,500 liters segment is expected to dominate by 2033.
As per the latest report, demand for 1,001 to 1,500 liters of IBCs in the United States is expected to rise at 2.0% CAGR, totaling US$ 125.6 million by 2033. The target segment is set to hold a share of about 55% in 2023.
The dominance of 1,001 to 1,500 litres IBCs is attributed to the need for efficient storage and transportation of moderate volumes of liquids and bulk materials. These IBCs strike a perfect balance between capacity and ease of handling. As a result, they remain popular among end users.
Growth Outlook by Key End Use
| End Use | Value CAGR |
|---|---|
| Chemicals | 2.0% |
| Paints, Inks & Dyes | 3.4% |
| Building & Construction | 4.2% |
As per the latest stainless steel IBC industry analysis, the chemical business domain remains the leading end user of stainless steel IBCs in the United States. This is due to rising need for sustainable, reusable, and corrosion-resistant packaging solutions in the thriving chemical business domain.
The chemicals segment is projected to dominate the United States stainless steel IBC space, with a share of around 51% in 2023. The target segment is poised to exhibit a CAGR of 2.0%, reaching around US$ 117.2 million by 2033.
The chemical business domain is responsible for over a quarter of the United States GDP. It supports the production of almost all commercial and household goods and is essential to economic growth.
The United States chemical business domain is a US$ 768 billion enterprises that supports more than 25% of its GDP. It is one of the world’s leading chemical producers, with around 15% of its chemicals coming from the United States.
The expansion of chemical business domain in the United States is set to uplift demand for chemical grade IBCs like stainless steel IBCs, including flexible intermediate bulk containers (FIBCs). These packaging solutions are often used to store and transport chemicals.
The United States, a dominant country for packaging, observes a state-wide diversity in packaging trends and customer behavioral patterns. United States-based packaging companies are primarily focused on improving the end-user experience.
Prominent stainless steel IBC companies in this space include Glatt GmbH, Snyder Industries, SCHÄFER Werke GmbH, Hanningfield, Custom Metal Craft Inc, and THIELMANN - The Container Company.
The technology roadmap for Intermediate Bulk Containers (IBCs) in the United States is focused on improving the design, manufacturing processes, and materials used in IBCs. Few of the key technological advancements that are expected to shape the future of IBCs in United States include,
Overall, the technology roadmap for IBCs in the United States is focused on innovation, sustainability, and customization. Manufacturers need to invest in research and development, adopt advanced manufacturing techniques, and collaborate with customers and suppliers to develop new and innovative IBC solutions that meet the changing needs of the sales environment.
Recent Developments in the United States Stainless Steel IBC Space-
| Attribute | Details |
|---|---|
| Estimated Value (2023) | US$ 187.9 million |
| Projected Value (2033) | US$ 239.4 million |
| Anticipated Growth Rate (2023 to 2033) | 2.5% CAGR |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ Million, Volume in Units and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Capacity, Manufacturing Process, Content, End Use, Sub Region |
| Key Sub-regions Covered | Northeast; Southwest; West; SoutheastMidwest |
| Key Companies Profiled | Matcon IBC; CEDARSTONE INDUSTRY; AMERICAN MACHINING INC; THIELMANN - THE CONTAINER COMPANY; HANNINGFIELD; SCHÄFER WERKE GMBH; SNYDER INDUSTRIES; KENT STAINLESS; DINGGIN HARDWARE (DALIAN) CO., LTD; GLATT GMBH; CUSTOM METAL CRAFT INC; TITAN IBC |
The United States was valued at US$ 183.9 million in 2022.
The United States is set to reach US$ 187.9 million in 2023.
The United States is expected to thrive at 2.5% CAGR through 2033.
In 2033, the United States is anticipated to reach US$ 239.4 million.
Rising preference for sustainable packaging solutions is a key trend.
Metal IBCs are bulk packaging solutions made from metals like steel and aluminum.
Top players operating in the United States are Glatt GmbH, and Snyder Industries.
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 USP’s / Features
4.3. Strategic Promotional Strategies
5. Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (Units) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (Units) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Market - Pricing Analysis
6.1. Pricing Analysis
6.2. Average Pricing Analysis Benchmark
7. Market Demand (in Value or Size in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022
7.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033
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. Value Chain
8.4.1. Raw Manufacturing Process Suppliers
8.4.2. Steel IBC Manufacturers
8.4.3. End Users
8.5. Case Based Scenario – Impact Assessment
8.5.1. Current Statistics
8.5.2. Short-Mid-Long Term Outlook
8.5.3. Likely Rebound
8.6. Market Dynamics
8.6.1. Drivers
8.6.2. Restraints
8.6.3. Opportunity Analysis
9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Capacity, 2018 to 2022
9.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Capacity, 2023 to 2033
9.3.1. Upto 1,000 Liters
9.3.2. Between 1,001 to 1,500 Litres
9.3.3. More than 1,500 Litres
9.4. Y-o-Y Growth Trend Analysis By Capacity, 2018 to 2022
9.5. Absolute $ Opportunity Analysis By Capacity, 2023 to 2033
10. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Manufacturing Process
10.1. Introduction / Key Findings
10.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Manufacturing Process, 2018 to 2022
10.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Manufacturing Process, 2023 to 2033
10.3.1. Hot Rolled Stainless Steel
10.3.2. Cold Rolled Stainless Steel
10.4. Y-o-Y Growth Trend Analysis By Manufacturing Process, 2018 to 2022
10.5. Absolute $ Opportunity Analysis By Manufacturing Process, 2023 to 2033
11. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Content
11.1. Introduction / Key Findings
11.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Content, 2018 to 2022
11.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Content, 2023 to 2033
11.3.1. Liquids
11.3.2. Solids & Semi-Solids
11.4. Y–o–Y Growth Trend Analysis By Content, 2018 to 2022
11.5. Absolute $ Opportunity Analysis By Content, 2023 to 2033
12. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use
12.1. Introduction / Key Findings
12.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2018 to 2022
12.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2023 to 2033
12.3.1. Chemicals
12.3.2. Petroleum & Lubricants
12.3.3. Paints Inks & Dyes
12.3.4. Food & Beverages
12.3.5. Building & Construction
12.3.6. Healthcare & Pharmaceuticals
12.3.7. Agriculture
12.3.8. Other Industrial
12.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022
12.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033
13. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sub Region
13.1. Introduction / Key Findings
13.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sub Region, 2018 to 2022
13.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sub Region, 2023 to 2033
13.3.1. North East
13.3.2. South West
13.3.3. West
13.3.4. South East
13.3.5. Mid West
13.4. Y-o-Y Growth Trend Analysis By Sub Region, 2018 to 2022
13.5. Absolute $ Opportunity Analysis By Sub Region, 2023 to 2033
14. Market Structure Analysis
14.1. Market Analysis by Tier of Companies (Steel IBC)
14.2. Market Share Analysis of Top Players
14.3. Market Presence Analysis
15. Competition Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Competition Deep Dive
15.3.1. Matcon IBC
15.3.1.1. Overview
15.3.1.2. Product Portfolio
15.3.1.3. Profitability by Market Segments (Capacity/Manufacturing Process/Content/End Use/Sub Region)
15.3.1.4. Sales Footprint
15.3.1.5. Strategy Overview
15.3.1.5.1. Marketing Strategy
15.3.1.5.2. Product Strategy
15.3.1.5.3. Channel Strategy
15.3.2. CEDARSTONE INDUSTRY
15.3.2.1. Overview
15.3.2.2. Product Portfolio
15.3.2.3. Profitability by Market Segments (Capacity/Manufacturing Process/Content/End Use/Sub Region)
15.3.2.4. Sales Footprint
15.3.2.5. Strategy Overview
15.3.2.5.1. Marketing Strategy
15.3.2.5.2. Product Strategy
15.3.2.5.3. Channel Strategy
15.3.3. AMERICAN MACHINING INC
15.3.3.1. Overview
15.3.3.2. Product Portfolio
15.3.3.3. Profitability by Market Segments (Capacity/Manufacturing Process/Content/End Use/Sub Region)
15.3.3.4. Sales Footprint
15.3.3.5. Strategy Overview
15.3.3.5.1. Marketing Strategy
15.3.3.5.2. Product Strategy
15.3.3.5.3. Channel Strategy
15.3.4. THIELMANN - THE CONTAINER COMPANY
15.3.4.1. Overview
15.3.4.2. Product Portfolio
15.3.4.3. Profitability by Market Segments (Capacity/Manufacturing Process/Content/End Use/Sub Region)
15.3.4.4. Sales Footprint
15.3.4.5. Strategy Overview
15.3.4.5.1. Marketing Strategy
15.3.4.5.2. Product Strategy
15.3.4.5.3. Channel Strategy
15.3.5. HANNINGFIELD
15.3.5.1. Overview
15.3.5.2. Product Portfolio
15.3.5.3. Profitability by Market Segments (Capacity/Manufacturing Process/Content/End Use/Sub Region)
15.3.5.4. Sales Footprint
15.3.5.5. Strategy Overview
15.3.5.5.1. Marketing Strategy
15.3.5.5.2. Product Strategy
15.3.5.5.3. Channel Strategy
15.3.6. SCHÄFER WERKE GMBH
15.3.6.1. Overview
15.3.6.2. Product Portfolio
15.3.6.3. Profitability by Market Segments (Capacity/Manufacturing Process/Content/End Use/Sub Region)
15.3.6.4. Sales Footprint
15.3.6.5. Strategy Overview
15.3.6.5.1. Marketing Strategy
15.3.6.5.2. Product Strategy
15.3.6.5.3. Channel Strategy
15.3.7. SNYDER INDUSTRIES
15.3.7.1. Overview
15.3.7.2. Product Portfolio
15.3.7.3. Profitability by Market Segments (Capacity/Manufacturing Process/Content/End Use/Sub Region)
15.3.7.4. Sales Footprint
15.3.7.5. Strategy Overview
15.3.7.5.1. Marketing Strategy
15.3.7.5.2. Product Strategy
15.3.7.5.3. Channel Strategy
15.3.8. KENT STAINLESS
15.3.8.1. Overview
15.3.8.2. Product Portfolio
15.3.8.3. Profitability by Market Segments (Capacity/Manufacturing Process/Content/End Use/Sub Region)
15.3.8.4. Sales Footprint
15.3.8.5. Strategy Overview
15.3.8.5.1. Marketing Strategy
15.3.8.5.2. Product Strategy
15.3.8.5.3. Channel Strategy
15.3.9. DINGGIN HARDWARE (DALIAN) CO., LTD
15.3.9.1. Overview
15.3.9.2. Product Portfolio
15.3.9.3. Profitability by Market Segments (Capacity/Manufacturing Process/Content/End Use/Sub Region)
15.3.9.4. Sales Footprint
15.3.9.5. Strategy Overview
15.3.9.5.1. Marketing Strategy
15.3.9.5.2. Product Strategy
15.3.9.5.3. Channel Strategy
15.3.10. GLATT GMBH
15.3.10.1. Overview
15.3.10.2. Product Portfolio
15.3.10.3. Profitability by Market Segments (Capacity/Manufacturing Process/Content/End Use/Sub Region)
15.3.10.4. Sales Footprint
15.3.10.5. Strategy Overview
15.3.10.5.1. Marketing Strategy
15.3.10.5.2. Product Strategy
15.3.10.5.3. Channel Strategy
15.3.11. CUSTOM METAL CRAFT INC
15.3.11.1. Overview
15.3.11.2. Product Portfolio
15.3.11.3. Profitability by Market Segments (Capacity/Manufacturing Process/Content/End Use/Sub Region)
15.3.11.4. Sales Footprint
15.3.11.5. Strategy Overview
15.3.11.5.1. Marketing Strategy
15.3.11.5.2. Product Strategy
15.3.11.5.3. Channel Strategy
15.3.12. TITAN IBC
15.3.12.1. Overview
15.3.12.2. Product Portfolio
15.3.12.3. Profitability by Market Segments (Capacity/Manufacturing Process/Content/End Use/Sub Region)
15.3.12.4. Sales Footprint
15.3.12.5. Strategy Overview
15.3.12.5.1. Marketing Strategy
15.3.12.5.2. Product Strategy
15.3.12.5.3. Channel Strategy
*The above list is indicative in nature and is subject to change during the course of research
16. Assumptions and Acronyms Used
17. Research Methodology
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Industry Analysis of Stainless Steel IBC in the United States
