Global corrugated paperboard IBCs Market: Overview
Intermediate Bulk Containers are useful for transporting heavy goods. However, often, companies look for alternative solutions, which are more economical, safe, and are ecologically more compatible. A corrugated paperboard IBC is an efficient alternative to conventional Intermediate Bulk Containers. Corrugated paperboard IBCs are widely used to transport liquid food and non-hazardous liquid chemicals. Corrugated paperboard IBCs enjoy high preference among logistics service providers as an alternative and affordable solution. The global corrugated paperboard IBCs market is expected to have a positive outlook over the forecast period, due to their economical pricing as compared to alternative solutions, and higher efficiency in saving storage space. Moreover, corrugated paperboard IBCs are more environment friendly than traditional Intermediate Bulk Containers. Conventional methods of transporting bulk liquid using steel and plastic drums are considered hectic and pose serious challenges to the environment. Due to all these factors, the global corrugated paperboard IBCs market growth is expected to remain largely positive, during the forecast period.
Global corrugated paperboard IBCs Market: Dynamics
Global trade has undergone rapid transformation in the last decade. Corrugated paperboard IBCs are used to transport a wide range of non-hazardous chemicals such as, adhesives, cleaners, emulsions, latex, and shampoo, among others. The global liquid transportation market has faced substantial demand in the past few years, and is supported by growing trade between countries. In addition to non-hazardous chemicals, corrugated paperboard IBCs are also used to transport food products, such as, soy sauce, juice concentrates, buttermilk, milk products, and sweeteners, among others. Since corrugated paperboard IBCs widely cater to the food & beverage industry, personal care & cosmetics industry, a strong demand for products such as shampoos and food products is anticipated to be a key driver for the growth of the global corrugated paperboard IBCs market. The need for sustainable packaging solutions is expected to play a significant role in fuelling the growth of the global corrugated paperboard IBCs market. Despite the positive outlook, there are certain factors, which might hamper the growth of the global corrugated paperboard IBCs market. These include the rise of alternative packaging solutions such as Octabins.
Global corrugated paperboard IBCs Market: Segmentation
The global corrugated paperboard IBCs has been segmented as –
On the basis of capacity, the global corrugated paperboard IBCs market has been segmented as -
- <500 L
- 501 L – 1,000 L
- 1,001 L – 1,500 L
- 1,501-2,000 L
- >2000 L
On the basis of applications, the global corrugated paperboard IBCs market has been segmented as -
- Shampoo & Detergents
- Food & Beverages
- Juice concentrates
- Sour Cream
- Citrus Juice
Global corrugated paperboard IBCs Market: Geographical Outlook
The global corrugated paperboard IBCs market has been divided into seven regions –
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Middle East & Africa
The North America region is expected to lead the global corrugated paperboard IBCs sales, owing to a much higher volume to sea trade than other regions. The Western Europe region is expected to closely follow, in terms of volume. The Asia Pacific region is anticipated to provide significant opportunities for the growth of the global corrugated paperboard IBCs. Emerging economies such as India and China have witnessed government efforts in recent years, which aim to essentially increase their trade volume, several folds. The Asia Pacific corrugated paperboard IBCs market is expected to surpass its North American counterpart, during the early 2020s. The Latin America and Eastern Europe corrugated paperboard IBCs markets are expected to witness sluggish growth during the next five years, due to the still prevalent effects of the recession of 2015, after which, the pace of growth might pick up.
Global corrugated paperboard IBCs Market: Key Players
Few of the key players operating in the global corrugated paperboard market are – Bulk Handling Australia, BlackVel, Karions Ltd, Qingdao LAF Packaging Co., Ltd., and BARR Plastics, Inc., among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.