Rigid Intermediate Bulk Containers (RIBC) Market Demand, Scope and Future Estimation until 2032

As per a recent analysis by Future Market Insights (FMI), the global RIBC market is forecast to reach US$ 16.7 Bn in 2022. Increasing adoption in the chemical sector across the globe is expected to drive sales in the market at a 5.8% CAGR, pushing the market size to US$ 29.5 Bn by 2032.

The market is predicted to expand as the demand from chemical, pharmaceutical, and food and beverage industries increases. The ongoing expansion of the automotive sector across the globe driven by high demand for lightweight vehicles is also expected to drive sales in the market.

Get Sample of the Report : https://www.futuremarketinsights.com/reports/sample/rep-gb-14316

RIBC containers are used for transporting liquid and semi-liquid products in various industries as they prevent leakage effectively. They are available in a variety of shapes and sizes as per the end-users requirements, which is expected to place them as an ideal solution for various packaging and transportation solutions.

When hazardous chemicals are carried across long distances, it is critical to ensure that no spills occur. Furthermore, as the export market grows and evolves, making optimal use of space and freight becomes increasingly crucial.

Considering this, manufacturers in the chemicals industry are shifting from traditional containers to RBIC containers, and the trend is expected to continue over the forecast period.

“Rapid expansion of the food & beverage sector in emerging economies will drive sales of RBIC. In addition to this, increasing demand from the ecommerce sector is projected to bode well for the market over the assessment period,” says the FMI analyst.

Key Takeaways:

• Based on the capacity, demand in the standard segment will create an incremental opportunity of 11 Bn over the forecast period.
• In terms of end use, sales in the chemical segment are projected to increase at a 6.3% CAGR through 2032.
• Sales in the China RIBC market will account for US$ 3.8 Bn over the forecast period.
• The Japan RIBC market will grow at a 5.4% CAGR over the assessment period.

Ask For Regional Data : https://www.futuremarketinsights.com/ask-regional/rep-gb-14316

RIBC Market Landscape

Some of the leading players of RIBC market are Greif, Inc., Berry Global Inc., Time Technoplast Ltd., DS Smith Plc., Mondi Group, Snyder Industries, Inc., SCHÜTZ GmbH & Co. KGaA, Mauser Group B.V., Hoover Ferguson Group and Nittel Halle GmbH. FMI estimates that Berry Global Inc, Greif, Inc., DS Smith Plc, Mondi Group will lead the market and hold position in Tier 1 in 2022.

Leading players operating in the global RBIC market are investing in research and development to improve their product portfolios. For instance:

• In September 2020, Greif introduced GCube Connect, a real-time tracking system for composite Intermediate Bulk Containers (IBCs), in order to assist clients in improving performance, lowering expenses, and reducing their carbon impact. GCUBE Connect uses the Internet of Things to enable clients to obtain real-time data on their products, allowing them to enhance sales, cut freight costs, optimise production planning, and automate procurement and sales processes.

RIBC Market By Category

By Material:

• Metal IBC
  • Carbon
  • Stainless
• Composite IBC

By Capacity:

• Standard
  • 1040 litres (275 US gal)
  • 1250 litres (330 US gal)
• Customized Capacities

By End Use:

• Industrial Chemicals
  •  Hazardous Chemical
  • Non-Hazardous Chemical
• Petroleum & lubricants
• Paints, inks & dyes
• Food & beverages
• Construction
• Pharmaceuticals

Purchase the Report : https://www.futuremarketinsights.com/checkout/14316

About us:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact :
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com