+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Global Metal IBC Market: Growing Trade among Emerging Economies Opening New Opportunities, notes TMR

Posted on Oct 05, 2017

As per the findings of a recent commerce and business study by Transparency Market Research, the global metal intermediate bulk container (IBC) market is highly fragmented, with top ten companies collectively managing less than five percent of the total shares in 2017. The report identifies Time Technoplast Ltd., Thielmann US LLC, Hoover Ferguson Group, Precision IBC, Inc., Custom Metalcraft, Inc., Snyder Industries, Inc., Metano IBC Services, Inc., Yenchen Machinery Co., Ltd., Sharpsville Container Corporation, Automationstechnik GmbH, Pensteel Ltd., Titan IBC, Hawman Container Services, Transtainer, CLA CONTAINERS LTD, SCHÄFER WERKE GmbH, Brookeson Material Handling Ltd., Plymouth Industries, SYSPAL Ltd, Obal Centrum s.r.o., La Garde, and Acura Group as some of the notable players currently operating in the global metal IBC market.

 

metal ibc market

Demand Expanding at CAGR 4.1%, Forecast 2017-2027

As per the projections of the TMR report, the demand in the global metal IBC market will expand at a CAGR of 4.1% during the forecast period of 2017 to 2027, attaining a revenue valuation of US$1,995.0 mn by 2022, considerably up from its evaluated worth of US$1,334.4 mn in 2017. As far as the strategies of the key companies are concerned, Time Technoplast aims to enhance its production capacity and product portfolio through expansion of capabilities, whereas Theilmann US LLC has been acquiring carefully as well as increasing its manufacturing locations in the key developed economies. In the global metal IBC market, Time Technoplast accounted for a revenue of US$372.8 mn in 2017.

Metal IBCs are extensively used for the transportation of hazardous industrial chemicals to minimize the snapping chances. The industrial chemicals segment of the global metal IBC market is expected to reach USR852.0 mn by the end of 2027. Among the two sub-segments based on content, metal IBCs are mainly used for the bulk transportation of liquids. The segment is expected to account for a market revenue share of 88.1% by 2027. Technology-wise, aseptic technology is highly preferred for manufacturing metal IBCs, as they maintain high standards of hygiene. Geographically, North America is currently the most lucrative region, promising a demand worth of US$621.7 mn by 2022, although vastly populated region of Asia Pacific is projected for the most impressive growth rate of 4.9%, significantly higher than the global average.

Benefits of Customized Containerization of Consumer Products Driving Demand

The global metal IBC market is driven by a number of factors, but primarily owing to containerization of consumer products that are leading to cost optimization and ease in transportation, rapidly evolving cross order trade between various emerging economies, and growing demand for sophisticated solution of bulk liquid transportation. Containerization has made it possible for the shipping industry to transport products without being a financial burden. Intermediate bulk containers have generated a great level of productivity as they help in proper stacking and enhance the efficiency of warehouse management. Governments of economic powerhouses such as India and China have various ongoing projects that aim to essentially double the volume of current trade in the next five years. Low cost of manufacturing in China and India has led manufacturers across the globe to move their production facilities to countries in the Asia Pacific, which is expected to facilitate growth in trade volume in the region, as well as enable the APAC region to emerge a global trade hub.

On the other hand, the availability of low cost alternate transportation solutions such as flexible IBC and high cost of Metal IBCs as compared to Plastic IBCs are two factors hindering the prosperity of the global metal IBC market. Nevertheless, emergence of intermodal transportation, improving infrastructure in various emerging economies, and growing trade among them is expected to open new opportunities in this market.

The information presented in this review is based on a Transparency Market Research report, titled, “Metal IBC Market (Material Type - Carbon Steel, Stainless Steel; Capacity - Up to 500 L, 500 to 1000 L, 1000 to 1500 L, 1500 to 2000 L, Above 2000 L; Design - Cubic, Cylindrical; Content - Liquids, Solids and Semi Solids; Technology - Aseptic, Non-aseptic; End Use - Industrial Chemicals, Petroleum and Lubricants, Food and Food Ingredients, Building and Construction, Waste Disposal/Recycling and Silage, Pharmaceutical, Paints, Inks, and Dyes) - Global Industry Analysis and Forecast 2017 - 2027.”

Key Segments of the Global Metal IBC Market

By Material Type

  • Stainless Steel
  • Carbon Steel

By Capacity Type

  • Upto 500 liters
  • 500-1000 liters
  • 1000-1500 liters
  • 1500-2000 liters
  • Above 2000 liters

By Design Type

  • Cubical
    • Flat Bottom
    • Conical Bottom
  • Cylindrical
    • Flat Bottom
    • Conical Bottom

By Content Type

  • Liquid
  • Solids & Semi Solids

By Technology

  • Aseptic
  • Non Aseptic

By End Use

  • Industrial Chemicals
    • Hazardous Chemicals
    • Non-Hazardous Chemicals
  • Petroleum & Lubricants
  • Paints, inks & dyes
  • Food & Beverages
  • Waste Disposal/Recycling & Silage
  • Building & Construction
  • Pharmaceutical & Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

 

About Us


Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

Back To Top