Plastic Rigid IBC Market 2019 Top Players, Size, Growth, Segments, Outlook, Revenue - Forecast 2023
Global Plastic Rigid IBC Industry By Material (High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), Polyvinyl Chloride (PVC), and Others), Capacity (Up to 500 liters, 500 to 1000 liters, 1000 to 1500 liters, 1500 to 2000 liters, and above 2000 liters), End Use (Industrial Chemicals, Petroleum & Lubricants, Food & Beverages, Paints Inks Dyes, Pharmaceuticals, and Others) and Regional Outlook to 2023
(firmenpresse) - Summary
Global Plastic Rigid IBC Industry By Material (High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), Polyvinyl Chloride (PVC), and Others), Capacity (Up to 500 liters, 500 to 1000 liters, 1000 to 1500 liters, 1500 to 2000 liters, and above 2000 liters), End Use (Industrial Chemicals, Petroleum & Lubricants, Food & Beverages, Paints Inks Dyes, Pharmaceuticals, and Others) and Regional Outlook to 2023
Plastic Rigid IBC Market Scope
Market Research Future (MRFR) in its new “Plastic Rigid IBC Market” report states that market is to expand at about 5.8% a CAGR across the forecast period of 2017 to 2023.
Market Insights
The rise in demand of plastic rigid IBC in the food and beverage industry is identified as the chief factor that is likely to impel its global market growth. The growing applications of rigid plastic containers across different sectors, such as textiles, paint, healthcare, and others are expected to induce market growth in the foreseeable future. The food and beverage industry is experiencing high traction. It is due to the rise in demand for ready-to-eat products among people. This transformational force is likely to boost the plastic rigid IBC market, as the product is extensively used in packaging of food. Plastic rigid IBC allows better storage of food items and improved anti-microbial protection. Hence, these factors are likely to surge the market.
On the contrary, the high risk of occupational hazard that is involved in the production of plastic rigid IBC is likely to threaten its market growth. Additionally, the lack of proper protection protocol in the transportation of chemicals can hinder the expansion of the plastic rigid IBC market.
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Key Players
Greif, Inc. (US)
Schutz Container Systems (US)
SCHÜTZ GmbH & Co. KGaA (US)
Maschiopack GmbH (Germany)
ZIBO JIELIN PLASTIC PIPE MANUFACTURE CO., LTD (China)
Bulk Handling Australia (Australia)
Snyder Industries, Inc. (US)
WERIT Kunststoffwerke W. Schneider GmbH & Co.KG (Germany)
Hoover Ferguson Group, Inc. (US)
Sintex Industries (India), and others.
Segmental Overview
The plastic rigid IBC segment study is based on material, capacity, and end user.
By material, the market is segmented into low density polyethylene (LDPE), high density polyethylene (HDPE), polyvinyl chloride (PVC), linear low density polyethylene (LLDPE), and others. The HDPE segment is expected to surge due to the extensive flexibility and cost–affordability, HDPE plastic rigid IBC is gaining high preference.
By capacity, the market is segmented into 500 to 1000 liters, up to 500 liters, 1500 to 2000 liters, 1000 to 1500 liters, and above 2000 liters. The 500 liters to 1000 liters capacity is likely to thrive at the highest CAGR over other segments during the evaluation period. The rise in demand for 500-1000 liters plastic rigid IBC across various verticals, such as, agrochemicals and food & beverages is likely to drive the segment growth.
By end-use, the market is segmented into petroleum & lubricants, industrial chemicals, food & beverages, pharmaceuticals, paints inks dyes, and others. The food & beverage segment is likely to direct the market. The demand for plastic rigid IBC across the food & beverage industry is rising. It is due to the rise in need for better storage and transportation of bulk food products.
Intended Audience
End-Users
Government Associations
Research Institutes
Distribution vendors
Technology Innovators
Manufacturers
Plastic Rigid IBC Market - Regional Outlook
The plastic rigid IBC market in the Asia Pacific region held the highest share of the market in 2017, and expected to retain its power globally, across the review period. The Asia Pacific market is anticipated to expand at the highest CAGR due to fast-paced expansion of the world population and quick industrialization. The increase in manufacturing activities is observed in strong economies, such as, China, India, Japan, and Singapore. Meanwhile, the rise in need for abrasion-free transportation of products and increase in need for bulk storage quantity are also noted in these regions. These above-mentioned factors are expected to aid the regional market to gain high margins. After the lead, the plastic rigid IBC market in the Middle East and Africa, and North America is expected to experience good health.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Datum: 23.01.2020 - 07:36 Uhr
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Date of sending: 23/01/2020
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