The global plastic rigid IBC market was worth US$ 2600.5 million in 2019, and total revenue is predicted to expand at a rate of 6.2 percent from 2022 to 2028, reaching about US$ 2958.2 million.
The study on the global Plastic Rigid IBC Market is a thorough examination of the industry, market, and key players. The demand and supply sides of the market were segmented in the analysis. The research also includes market trends by market segments, material, and investment, as well as a competitive landscape.
Overview of the Global Plastic Rigid IBC Market :
Plastic rigid IBCs are commonly used as transportation containers all over the world. Plastic rigid IBCs are commonly manufactured of polyethylene (HDPE) that has been rotationally moulded to a thickness of 12 inches. Because they are composed of plastic and polymers do not corrode, this Plastic rigid IBC is sturdy, reusable, and essentially corrosion resistant. Chemical, food, and beverage industries, pharmaceutical industries, paints, inks and dyes, petrochemicals and lubricants, and other industries use plastic rigid IBCs extensively.
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Market Dynamics for Plastic Rigid IBCs Around the World :
The plastic rigid intermediate container market is driven by the use of rigid plastic containers due to their mechanical strength and durability. Every industry uses the packaging system for goods transit and mobility in order to protect end products from transportation and environmental harm. Plastic rigid intermediate containers are widely used in the food and beverage business as ready-to-eat food is a growing need for customers’ busy lifestyles and has proven to be crucial in mechanical strength during mobility. In terms of environmental protection, plastic rigid intermediate containers are also utilised in the storage of commodities.
Protecting food and drinks from antimicrobial contamination, moisture, and atmospheric packaging, as well as extending the shelf life of the food item, is a new advancement in plastic rigid intermediate containers. As a result, rising demand for retail products, particularly in E-commerce, is likely to expand the plastic rigid intermediate container market.
Because consumer goods and industrial items both require transportation to reach their end-users, growing industrialization is a crucial driver driving market expansion. In addition, the industrial sector is expanding due to an increase in production units as a result of rising population and demand. These factors have fueled the expansion of the plastic rigid intermediate bulk container market.
Market Segmentation for Plastic Rigid IBCs in the World :
By Product Type: Linear Low-Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polyvinyl Chloride (PVC), Others
By Application: Petroleum & Lubricants, Food & Beverages, Industrial Chemicals, Inks & Dyes, Pharmaceuticals, Others
Global Plastic Rigid IBC Market Key Players
• Schutz Container Systems
• Greif Inc
• Maschiopack GmbH
• SCHÜTZ GmbH & Co KGaA
• Bulk Handling Australia
• ZIBO JIELIN PLASTIC PIPE MANUFACTURE CO LTD
• WERIT Kunststoffwerke W Schneider GmbH & CoKG
• Snyder Industries Inc
• Sintex Industries
Regional Insights on the Global Plastic Rigid IBC Market
Plastic is inflexible. North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa are the regional segments for intermediate bulk containers.
The market for plastic rigid intermediate bulk containers is dominated by Asia Pacific. Because of the advanced chemical industries and bulk chemical manufacturing in the region, China dominates the Asia Pacific market. In China, a big chemical supply necessitates bulk container and chemical industries, and these industries are responsible for a considerable portion of market expansion.
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