Plastic Rigid IBC Market Growth| COVID-19 Impact

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Regional Analysis:

The global Plastic Rigid IBC Market Growth, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Asia Pacific is likely to exhibit exceptional rate rise in the growth curve owing to rapid industrialization being observed in the region. In addition, the economic development in conjunction with the expansion of end-user verticals in the region is poised to catalyze the Plastic Rigid IBC Market Growth. The region is also forecasted to strike a comparatively higher CAGR through the projection period. China, Japan, India, and Singapore are prognosticated to emerge as the major country-level markets of the region.

Segmentation:

By material, the global Plastic Rigid IBC Market Growth has been segmented into High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), Polyvinyl Chloride (PVC), and others. The High Density Polyethylene (HDPE) segment has been forecasted to attract a comparatively larger customer base owing to its cost-effectiveness and flexibility.

By end-use, the global Plastic Rigid IBC Market Growth has been segmented into industrial chemicals, petroleum & lubricants, food & beverages, paints inks dyes, pharmaceuticals, and others. The food & beverages segment is anticipated to dominate the marketplace and scale the highest CAGR across the review period.

 

Competitive Dashboard:

The prominent players of the Plastic Rigid IBC Market Growth profiled in this MRFR report are Greif, Inc. (US), Maschiopack GmbH (Germany), Schutz Container Systems (US), Bulk Handling Australia (Australia), SCHÜTZ GmbH & Co. KGaA (US), ZIBO JIELIN PLASTIC PIPE MANUFACTURE CO., LTD (China), Snyder Industries, Inc. (US), WERIT Kunststoffwerke W. Schneider GmbH & Co.KG (Germany), Sintex Industries (India), and Hoover Ferguson Group, Inc. (US).

Industry News:

In October 2018, Mauser Group, a major packaging company, has presented its latest barrier technology for Composite IBCs, MAUSER SkINliner™.

In June 2018, Greif, an American manufacturing company, has announced the launch of GCUBE® Shield which is an extension of its range of GCUBE intermediate bulk containers (IBCs).