Global Plastic Rigid IBC Market: An Overview

Plastic rigid IBC market’s main product is a self-standing container. It is manufactured using polymeric material and used for storage and transport of liquids in large quantities. These liquids usually include granulated substances, solvents, chemicals, and food ingredients.

The plastic rigid IBC market is expected to register a healthy growth during 2018-2026. The rigid IBC market is driven by the reusable and cost-effective nature of these containers.

Plastic rigid IBC market report aims to provide an insight into the current and future trends. The market consists of various product types including low-density polyethylene, polyvinyl chloride, and high-density polyethylene. Additionally, the report will also cover capacity analysis in the market including less than 500 liters and more than 2000 liters and everything in between. Moreover, the report also showcases a segment studying the different end-industries including industrial chemicals, petroleum and lubricants, paints, food and beverage among others.

Plastic Rigid IBC Market: Notable Developments

EU parliament has banned the use of single-use plastics. These include items such as cotton buds, straws, and cutlery. According to EU lawmakers, in total 10 single-use items were banned to curb the growing pollution threat to oceans. The parliament has also agreed to a goal of collecting and recycling 90% of beverage bottles by 2029.

Plastic Rigid IBC Market: Key Trends

Growing Demand in Retail to Drive Growth for the Plastic Rigid IBC Market

Rising demand in the retail industry and important application of rigid plastic containers in the industry are expected to drive growth for the plastic rigid IBC market in the near future. The growing demand for food, especially ready-to-eat products are expected to drive growth for the plastic IBC market. Plastic rigid containers are vital for transporting and storing various goods in safe conditions. Additionally, new advances in plastic rigid containers also allow for safe storage of food items with anti-microbial environment. These containers can also come equip with atmospheric packaging, which improves the shelf-life of food items. Hence, growing demand for retail products and especially in e-commerce are expected to open several opportunities for players in the plastic rigid IBC market.

Cost-Cutting Presents a Major Opportunity for End-User Industry

Transportation has become increasingly sophisticated with several monitoring and automated advances in the industry. These advances have made way for more efficiency and more security for transport solutions, but they have also increased the cost of transportation considerably, thanks to advanced equipment such as sensors. Bulk packaging and robust mechanisms provided by products in the plastic rigid IBC market are expected to provide opportunity for market players to maximize cost-efficiency. New products in the plastic rigid IBC market are equipped with lock mechanisms, provide bulk transportation of materials, provide flexibility with foldable or recycle containers. Hence, the plastic rigid IBC market are expected to provide many solutions to the woes in the transport industry and can create robust opportunities in the near future.

On the other hand, products in the plastic rigid IBC market were recently involved in fire hazards. The lack of sufficient mechanisms to protect transportation of chemicals can restrain growth of the plastic rigid IBC market.

Plastic Rigid IBC Market: Regional Outlook

The plastic rigid IBC market report is divided into main regions including North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The Asia Pacific region is expected to dominate growth, thanks to growing manufacturing and transportation in the region. Rising infrastructure developments, growing manufacturing activity, and robust products in the region are expected to drive significant growth for the plastic rigid IBC market.

Plastic Rigid IBC Market: Competitive Dynamics

The global plastic rigid IBC market is a competitive and fragmented landscape. Large number of small players are expected to increase fragmentation in the near future. Some key players in the global plastic rigid IBC market are Schutz Container Systems, Bulk Handling Australia, Jielin, Maschiopack GmbH, Greif, Inc., Snyder Industries, and WERIT.

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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