Composite Intermediate Bulk Containers Market Report 2024

The composite intermediate bulk containers market size has grown steadily in recent years. It will grow from $1.95 billion in 2023 to $2.03 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth observed in the historical period can be attributed to several factors including increased production of petroleum oil, rising environmental concerns, heightened demand within the food industry, increasing consumption of packaged food and beverages, and the expansion of the e-commerce sector.

The composite intermediate bulk containers market size is expected to see steady growth in the next few years. It will grow to $2.41 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. In the forecast period, growth is anticipated due to increasing demand for secure storage solutions, expanding global cross-trade activities, heightened industrial production driving rapid adoption, rising need for safe and efficient bulk packaging solutions, and increasing preference for environmentally sustainable packaging options. Key trends expected in this period include advancements in technology, innovative manufacturing techniques, development of advanced materials, integration of automation, evolution of packaging solutions, and incorporation of Internet of Things technologies.

The expansion of the manufacturing industry is expected to drive growth in the composite intermediate bulk container market moving forward. This sector encompasses a range of activities involved in producing goods from raw materials or components. Growth in manufacturing is influenced by economic conditions, technological advancements, market demands, and regulatory frameworks. Composite intermediate bulk containers play a vital role in this industry by offering reliable and sustainable solutions for storing, handling, and transporting materials crucial for manufacturing remanufactured goods. Their robustness, resistance to chemicals, and environmental advantages make them a preferred option for optimizing material logistics and supporting efficient manufacturing processes. For example, in July 2023, according to the Office for National Statistics, the UK's overall product sales by manufacturers in 2022 reached £429.8 billion ($545.27 billion), marking a 7% increase from £401.5 billion ($509.36 billion) in 2021. This growth underscores how industrial production expansion is propelling the composite intermediate bulk container market forward.

Major companies in the composite intermediate bulk containers market are focusing on innovation to enhance their market position, particularly through the development of shipping containers. These containers are standardized, large metal boxes essential for global trade, offering secure, efficient, and versatile transportation of goods across seas, railways, and roads. For example, in September 2021, Mauser Packaging Solutions, a US-based packaging company, introduced a new Intermediate Bulk Container (IBC) solution featuring a composite pallet. This innovation aims to maximize volume and loading efficiency specifically for 20-foot ISO shipping containers. The new pallet design allows for an 11% increase in the number of IBCs that can fit into a 20-foot container, raising capacity from 18 to 20 units. This improvement is achieved by enabling IBCs to be stacked two high, thereby eliminating the unused spaces near the container opening and enhancing loading efficiency by more than 50%. The pallet is designed based on Mauser's standard composite pallet model, offering impact resistance and the ability to withstand rigorous handling. It facilitates forklift accessibility from all four sides and features a lower stacking height, contributing to its practicality and functionality in industrial settings.

In November 2021, Precision IBC, Inc., a US-based company specializing in innovative solutions for plastic tank manufacturing, acquired Metano IBC Services, Inc. The financial details of the acquisition were not disclosed. Precision IBC's strategic objective with this acquisition is to broaden its market footprint and strengthen its rental offerings. By integrating Metano's recognized expertise in flexible service and robust customer relationships, Precision IBC aims to deliver competitive and customized rental solutions across various industries. Metano IBC Services, Inc., based in the US, specializes in manufacturing and supplying intermediate bulk containers designed for the transportation and storage of regulated and commercial liquids.

Major companies operating in the composite intermediate bulk containers market are Berry Global Inc., Conitex Sonoco, Grief Inc., Mauser Packaging Solutions, Schutz Gmbh and Co. KGaA, Time Technoplast Limited, Snyder Industries Inc., Hoover Ferguson, TPL Plastech Limited, Finncont Oy, Jielin Plastic Industry Co. Ltd., National Bulk Equipment Inc., Bulk Lift International, Custom Metalcraft, Transtainer Pty Ltd., Precision IBC Inc., Seaco Global Ltd., Pyramid Technoplast Pvt Ltd., RDA Bulk Packaging Ltd., Composite Containers LLC, Metano, Peninsula Drums, Pensteel Ltd., RPP Containers, CDF Corporation, Sotralentz Packaging, Thielmann.

Europe was the largest region in the composite intermediate bulk containers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the composite intermediate bulk containers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the composite intermediate bulk containers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Composite intermediate bulk containers (IBCs) are industrial vessels designed for the storage and transportation of bulk liquids and powders, constructed typically from a combination of plastic, metal, and sometimes fiberglass. This construction provides durability and versatility, making them suitable for various industrial applications.

The capacities of composite intermediate bulk containers range from 180 to over 350 gallons. The 180- to 250-gallon capacity IBCs are specifically designed for storing and transporting bulk liquids and materials. These containers utilize technologies such as aseptic and non-aseptic methods, catering to diverse industries including industrial chemicals, paints, inks, dyes, food and beverage, construction, pharmaceuticals, and others.

The composite intermediate bulk containers market research report is one of a series of new reports that provides composite intermediate bulk containers market statistics, including composite intermediate bulk containers industry global market size, regional shares, competitors with a composite intermediate bulk containers market share, detailed composite intermediate bulk containers market segments, market trends and opportunities, and any further data you may need to thrive in the composite intermediate bulk containers industry. This composite intermediate bulk container market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The composite intermediate bulk containers market consist of revenues earned by entities by providing services such as rental and leasing, repair and recertification, logistics and distribution, and cleaning and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. The composite intermediate bulk container market also includes sales of composite IBC tanks, reusable composite IBCs, and collapsible composite IBCs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.