The global Intermediate Bulk Container Liner Market size is expected to reach USD 1.44 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.4% from 2023-2030. This growth is attributed to the growing freight costs which is driving the exporters to adopt IBC liners which help in significantly reducing the space occupancy compared to other bulk packaging solutions. In addition, its unique properties such as reducing the need to clean the container, reusability, lower-cost, and its ability to prevent product contamination propels the market demand for IBC liners.
Furthermore, the growing imports and exports of food and beverage products in regions such as Asia Pacific, North America, Central and South America, and others are driving the demand for IBC liners globally. For instance, rising demand from China for Brazilian alcoholic beverages has increased the bulk exports of alcoholic beverages from Brazil to China. This further gives rise to the increased demand for IBC liners for international transportation of liquid products.
Moreover, the IBC liners market is driven by several government policies and frameworks promoting the utilization of IBC liners as a packaging solution. For instance, in the U.S. the Environmental Protection Agency (EPA) regulates and promotes the utilization of IBC liners for bulk packaging of food & beverage, industrial liquids, and household products.
The industry players are adopting several strategies including partnerships, new product launches, expansions, mergers and acquisitions, joint ventures, and partnership agreements to increase the customer base and individual market share. For instance,in June 2022, SIG, a flexible packaging solutions provider announced the acquisition of Scholle IPN, a packaging solution manufacturer. With this acquisition both the companies are expected to expand their product portfolio with innovative packaging solutions for liquid bulk packaging.
Related Press Release@ Intermediate Bulk Container Liner Market Report
Intermediate Bulk Container Liner Market Report Highlights
- The Intermediate Bulk Container liner market is propelling owing to the shift in consumer preference towards organic food products resulting in increased international trade agreements across regions
- The presence of various alternative bulk packaging solutions such as flexitanks or barrels and drums used for global trade is expected to restrain the market demand for IBC liners to a certain extent
- The above 1000 liters capacity segment is expected to grow at a fast CAGR of 5.5% over the forecast period 2023-2030 owing to the increased demand for bulk packaging from various application industries such as food & beverage, industrial liquid, and household products
- The food and beverage application segment dominated the IBC liner market in the base year 2022 and accounted for over 70.0% due to the increasing agriculture sector and its international trade across regions
- IBC liner market in Asia Pacific is expected to grow with the fastest CAGR of 6.4% owing to the presence of major companies involved in the bulk exports of food & beverages such as Nestlé India Limited and Coca-Cola India Private Limited
- Several companies involved in strategic initiatives such as expansions and collaborations are driving the market demand for IBC liners. For instance, in October 2022, Sealed Air announced its plan to expand its geographical presence in Latin America by launching a new R&D center in Brazil. This center will further undertake the development of IBC liners to serve the industrial, food & beverage, and household product sectors
Intermediate Bulk Container Liner Market Report Scope
Report Attribute
Details
Market size value in 2023
USD 997.0 million
Revenue forecast in 2030
USD 1.44 billion
Growth Rate
CAGR of 5.4% from 2023 to 2030
Base year for estimation
2022
Historical data
2018 - 2021
Forecast period
2023 - 2030
Intermediate Bulk Container Liner Market Segmentation
Grand View Research has segmented the global intermediate bulk container (IBC) liner market on the basis of capacity, application, and region:
Intermediate Bulk Container Liner Capacity Outlook (Revenue, USD Million, 2018 - 2030)
- Upto 1000 liters
- Above 1000 liters
Intermediate Bulk Container Liner Application Outlook (Revenue, USD Million, 2018 - 2030)
- Food & Beverage
- Alcoholic Beverages
- Non-Alcoholic Beverages
- Others
- Industrial Liquids
- Household Products
Intermediate Bulk Container Liner Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- Malaysia
- Thailand
- Central & South America
- Brazil
- Mexico
- Argentina
- Chile
- Colombia
- Middle East & Africa
- GCC Countries
