The global intermediate bulk container liner market size is expected to reach USD 1.44 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.4% from 2023-2030. This growth is attributed to the growing freight costs which is driving the exporters to adopt IBC liners which help in significantly reducing the space occupancy compared to other bulk packaging solutions. In addition, its unique properties such as reducing the need to clean the container, reusability, lower-cost, and its ability to prevent product contamination propels the market demand for IBC liners.
Furthermore, the growing imports and exports of food and beverage products in regions such as Asia Pacific, North America, Central and South America, and others are driving the demand for IBC liners globally. For instance, rising demand from China for Brazilian alcoholic beverages has increased the bulk exports of alcoholic beverages from Brazil to China. This further gives rise to the increased demand for IBC liners for international transportation of liquid products.
Moreover, the IBC liners market is driven by several government policies and frameworks promoting the utilization of IBC liners as a packaging solution. For instance, in the U.S. the Environmental Protection Agency (EPA) regulates and promotes the utilization of IBC liners for bulk packaging of food & beverage, industrial liquids, and household products.
The industry players are adopting several strategies including partnerships, new product launches, expansions, mergers and acquisitions, joint ventures, and partnership agreements to increase the customer base and individual market share. For instance,in June 2022, SIG, a flexible packaging solutions provider announced the acquisition of Scholle IPN, a packaging solution manufacturer. With this acquisition both the companies are expected to expand their product portfolio with innovative packaging solutions for liquid bulk packaging.
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Intermediate Bulk Container Liner Market Report Highlights
The Intermediate Bulk Container liner market is propelling owing to the shift in consumer preference towards organic food products resulting in increased international trade agreements across regions
The presence of various alternative bulk packaging solutions such as flexitanks or barrels and drums used for global trade is expected to restrain the market demand for IBC liners to a certain extent
The above 1000 liters capacity segment is expected to grow at a fast CAGR of 5.5% over the forecast period 2023-2030 owing to the increased demand for bulk packaging from various application industries such as food & beverage, industrial liquid, and household products
The food and beverage application segment dominated the IBC liner market in the base year 2022 and accounted for over 70.0% due to the increasing agriculture sector and its international trade across regions
IBC liner market in Asia Pacific is expected to grow with the fastest CAGR of 6.4% owing to the presence of major companies involved in the bulk exports of food & beverages such as Nestlé India Limited and Coca-Cola India Private Limited
Several companies involved in strategic initiatives such as expansions and collaborations are driving the market demand for IBC liners. For instance, in October 2022, Sealed Air announced its plan to expand its geographical presence in Latin America by launching a new R&D center in Brazil. This center will further undertake the development of IBC liners to serve the industrial, food & beverage, and household product sectors
Intermediate Bulk Container Liner Market Segmentation
Grand View Research has segmented the global intermediate bulk container (IBC) liner market on the basis of capacity, application, and region:
Intermediate Bulk Container Liner Capacity Outlook (Revenue, USD Million, 2018 - 2030)
Upto 1000 liters
Above 1000 liters
Intermediate Bulk Container Liner Application Outlook (Revenue, USD Million, 2018 - 2030)
Food & Beverage
Alcoholic Beverages
Non-Alcoholic Beverages
Others
Industrial Liquids
Household Products
Intermediate Bulk Container Liner Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Asia Pacific
China
India
Japan
Australia
Malaysia
Thailand
Central & South America
Brazil
Mexico
Argentina
Chile
Colombia
Middle East & Africa
GCC Countries
List of Key Players of Intermediate Bulk Container Liner Market
Amcor plc
Sealed Air
CHEP
Arena Products, Inc.
Scholle IPN
Liquibox
ILC Dover LP
Greif
Smurfit Kappa
Steripac Asia
CDF Corporation
Mulitpac Systems
SBH Solutions
Qbig Packaging B.V.
Peak Liquid Packaging
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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