Plastic Rigid IBC Market Trends| COVID-19 Analysis

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The rise in demand of plastic rigid IBC in the food and beverage industry is identified as the chief factor that is likely to impel its global market growth. The growing applications of rigid plastic containers across different sectors, such as textiles, paint, healthcare, and others are expected to induce market growth in the foreseeable future.

Regional Outlook

The Plastic Rigid IBC Market Trends in the Asia Pacific region held the highest share of the market in 2017, and expected to retain its power globally, across the review period. The Asia Pacific market is anticipated to expand at the highest CAGR due to fast-paced expansion of the world population and quick industrialization. The increase in manufacturing activities is observed in strong economies, such as, China, India, Japan, and Singapore. Meanwhile, the rise in need for abrasion-free transportation of products and increase in need for bulk storage quantity are also noted in these regions. These above-mentioned factors are expected to aid the regional market to gain high margins. After the lead, the Plastic Rigid IBC Market Trends in the Middle East and Africa, and North America is expected to experience good health.

Segmental Overview

The Plastic Rigid IBC Market Trends segment study is based on material, capacity, and end user.

By material, the market is segmented into low density polyethylene (LDPE), high density polyethylene (HDPE), polyvinyl chloride (PVC), linear low density polyethylene (LLDPE),  and others. The HDPE segment is expected to surge due to the extensive flexibility and cost–affordability, HDPE plastic rigid IBC is gaining high preference.

By end-use, the market is segmented into petroleum & lubricants, industrial chemicals, food & beverages, pharmaceuticals, paints inks dyes, and others. The food & beverage segment is likely to direct the market. The demand for plastic rigid IBC across the food & beverage industry is rising. It is due to the rise in need for better storage and transportation of bulk food products.

Key Players

Greif, Inc. (US), Schutz Container Systems (US), SCHÜTZ GmbH & Co. KGaA (US), Maschiopack GmbH (Germany), ZIBO JIELIN PLASTIC PIPE MANUFACTURE CO., LTD.