In the dynamic landscape of Korea's industrial sector, the demand for intermediate bulk containers is on a steady ascent. In 2023, it is projected to reach a noteworthy figure of US$ 316.4 million, marking a substantial increase from the previous year's valuation of US$ 299.3 million. This upward trajectory is set to continue its ascent in Korea over the forecast period with a promising CAGR of 5.80%, surpassing US$ 553.5 million by 2033.
| Attributes | Details |
|---|---|
| Industry size for Korea in 2023 | US$ 316.4 million |
| Expected Industry Size for Korea by 2033 | US$ 553.5 million |
| Forecasted CAGR between 2023 to 2033 | 5.80% |
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Rigid intermediate bulk container (RIBC) is the prevalent product type in Korea. In 2023, RIBC is expected to account for 75.80% of the industry share by product type.
| Demand for Intermediate Bulk Container in Korea Based on Product Type | RIBC |
|---|---|
| Industry Share in 2023 | 75.80% |
RIBC provides durability to packaging. Made from materials like plastic and metal, RIBC is optimal for long-distance transport, as the toughness of the material prevents spillage and wastage of the products inside. Thus, RIBC is the dominant product type in Korea.
Intermediate bulk containers prominently feature solid and semi-solid material as content. In 2023, solid and semi-solid content is expected to contribute a whopping 90.40% of the industry share.
| Demand for Intermediate Bulk Container in Korea Based on Content | Solid and Semi-solid |
|---|---|
| Industry Share in 2023 | 90.40% |
With the rise of various industries like healthcare, food & beverage, and agriculture in Korea, there is a pronounced demand for containers to handle solid and semi-solid materials. Intermediate bulk containers have proven to be up to the task of handling, storing, and transporting solid and semi-solid material in Korea.
Owing to the large volumes of imports and exports, there is a plethora of players in Korea, both local and international. Korean exports have become popular due to their competitive pricing, leading local players to strive for products that meet international standards. Conversely, international brands are also looking to make headway in Korea. The intermediate bulk container industry in Korea is thus poised for the entry of various international brands
Recent Developments Observed in Intermediate Bulk Container in Korea
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | US$ 316.4 million |
| Projected Industry Size by 2033 | US$ 553.5 million |
| Anticipated CAGR between 2023 to 2033 | 5.80% CAGR |
| Historical Analysis of Demand for Intermediate Bulk Container in Korea | 2018 to 2022 |
| Demand Forecast for Intermediate Bulk Container in Korea | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Key Insights for Intermediate Bulk Container in Korea, Insights on Global Players and Leading Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers |
| Key Companies Profiled |
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| Key Cities Profiled |
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The industry size of intermediate bulk container in Korea is valued at US$ 316.4 million in 2023.
The intermediate bulk container industry is forecasted to develop at a CAGR of 5.80% in Korea through 2033.
The industry size for intermediate bulk container is forecasted to reach US$ 553.5 million in Korea by 2033.
Rigid intermediate bulk container (RIBC) is the preferred product type in Korea.
In Korea, intermediate bulk containers are primarily used for handling solid and semi-solid content.
1. Executive Summary 1.1. Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033 5.3.1. RIBC 5.3.1.1. Metal 5.3.1.2. Paperboard 5.3.1.3. Plastic 5.3.1.4. Composite 5.3.2. FIBC 5.3.2.1. Flexitanks 5.3.2.2. Bags 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Material Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Material Type, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Material Type, 2023 to 2033 6.3.1. Metal & Paperboard 6.3.2. Plastic 6.3.2.1. PE 6.3.2.2. PP 6.3.2.3. PVC 6.4. Y-o-Y Growth Trend Analysis By Material Type, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Material Type, 2023 to 2033 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Content 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Content, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Content, 2023 to 2033 7.3.1. Liquid 7.3.2. Solid & Semi-solid 7.4. Y-o-Y Growth Trend Analysis By Content, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Content, 2023 to 2033 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Capacity 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Capacity, 2018 to 2022 8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Capacity, 2023 to 2033 8.3.1. RIBC 8.3.1.1. Up to 1,000 Ltr. 8.3.1.2. 1,001 - 1,500 Ltr. 8.3.1.3. Above 1,500 Ltr. 8.3.2. FIBC 8.3.2.1. Up to 500 Kg 8.3.2.2. 501 to 1,000 Kg 8.3.2.3. 1,001 to 1,500 Kg 8.3.2.4. Above 1,500 Kg 8.4. Y-o-Y Growth Trend Analysis By Capacity, 2018 to 2022 8.5. Absolute $ Opportunity Analysis By Capacity, 2023 to 2033 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use 9.1. Introduction / Key Findings 9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2018 to 2022 9.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2023 to 2033 9.3.1. RIBC 9.3.1.1. Chemicals 9.3.1.2. Petroleum & Lubricants 9.3.1.3. Paints, Inks & Dyes 9.3.1.4. Food & Beverages 9.3.1.5. Cosmetics & Personal Care 9.3.1.6. Healthcare & Pharmaceuticals 9.3.1.7. Others 9.3.2. FIBC 9.3.2.1. Chemicals & Fertilizers 9.3.2.2. Food & Agriculture 9.3.2.3. Building & Construction 9.3.2.4. Healthcare & Pharmaceuticals 9.3.2.5. Mining 9.3.2.6. Others 9.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022 9.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033 10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. Introduction 10.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 10.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 10.3.1. South Gyeongsang 10.3.2. North Jeolla 10.3.3. South Jeolla 10.3.4. Jeju 10.3.5. Rest of Korea 10.4. Market Attractiveness Analysis By Region 11. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Product Type 11.2.2. By Material Type 11.2.3. By Content 11.2.4. By Capacity 11.2.5. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Product Type 11.3.2. By Material Type 11.3.3. By Content 11.3.4. By Capacity 11.3.5. By End Use 11.4. Key Takeaways 12. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Product Type 12.2.2. By Material Type 12.2.3. By Content 12.2.4. By Capacity 12.2.5. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Product Type 12.3.2. By Material Type 12.3.3. By Content 12.3.4. By Capacity 12.3.5. By End Use 12.4. Key Takeaways 13. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Product Type 13.2.2. By Material Type 13.2.3. By Content 13.2.4. By Capacity 13.2.5. By End Use 13.3. Market Attractiveness Analysis 13.3.1. By Product Type 13.3.2. By Material Type 13.3.3. By Content 13.3.4. By Capacity 13.3.5. By End Use 13.4. Key Takeaways 14. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Product Type 14.2.2. By Material Type 14.2.3. By Content 14.2.4. By Capacity 14.2.5. By End Use 14.3. Market Attractiveness Analysis 14.3.1. By Product Type 14.3.2. By Material Type 14.3.3. By Content 14.3.4. By Capacity 14.3.5. By End Use 14.4. Key Takeaways 15. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Product Type 15.2.2. By Material Type 15.2.3. By Content 15.2.4. By Capacity 15.2.5. By End Use 15.3. Market Attractiveness Analysis 15.3.1. By Product Type 15.3.2. By Material Type 15.3.3. By Content 15.3.4. By Capacity 15.3.5. By End Use 15.4. Key Takeaways 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Product Type 16.3.3. By Material Type 16.3.4. By Content 16.3.5. By Capacity 16.3.6. By End Use 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Korea Flecon Co., Ltd 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. jeil industry co. ltd 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Mauser Packaging Solutions 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Berry Global, Inc 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Hoover Ferguson Group 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Snyder Industries, Inc 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Bulk Lift International, Inc 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. HCS Group 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Transtainer 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Obal Centrum s.r.o 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 17.1.11. Pensteel Ltd 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 17.1.11.5.2. Product Strategy 17.1.11.5.3. Channel Strategy 17.1.12. SYSPAL Ltd 17.1.12.1. Overview 17.1.12.2. Product Portfolio 17.1.12.3. Profitability by Market Segments 17.1.12.4. Sales Footprint 17.1.12.5. Strategy Overview 17.1.12.5.1. Marketing Strategy 17.1.12.5.2. Product Strategy 17.1.12.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Intermediate Bulk Container Industry Analysis in Korea
