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 -

  • Chemicals
    • Adhesives
    • Emulsions
    • Inks
    • Lubricants
    • Shampoo & Detergents
    • Others
  • Food & Beverages
    • Juice concentrates
    • Sour Cream
    • Sweeteners
    • Vinegar
    • Citrus Juice
    • Others

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
  • Japan

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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

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