Plastic Rigid IBC Market Growth, Outlook and Future Scope Analysis till 2023Posted by sagark on March 11th, 2020 Plastic Rigid IBC Market Growth - Synopsis The growing demand from food & beverage industry due to increase in demand for storage and transportation of bulk food products and various beverages across long distances from the manufacturing units are opening new opportunities for the growth of the market. Plastic rigid IBC are used to store and transport various chemicals, oils, and lubricants. Growing demand for cost effective, flexible and bulk packaging is expected to generate growth opportunities for the Plastic Rigid IBC Market Growth. However, different regulations and standards associated with the packaging may hinder the growth of the market. The Plastic Rigid IBC Market Growth is expected to grow over the CAGR of around 5.8% during the period 2017 to 2023. Key Players The prominent players in the Plastic Rigid IBC Market Growth Schutz Container Systems (US), Greif, Inc. (US), Maschiopack GmbH (Germany), SCHÜTZ GmbH & Co. KGaA (US), Bulk Handling Australia (Australia), ZIBO JIELIN PLASTIC PIPE MANUFACTURE CO., LTD (China), WERIT Kunststoffwerke W. Schneider GmbH & Co.KG (Germany), Snyder Industries, Inc. (US), Sintex Industries (India), Hoover Ferguson Group, Inc. (US) among others. Segmentation For the purpose of analysis, the global Plastic Rigid IBC Market Growth has been divided on the basis of four segments: material, capacity, end use, and region. On the basis of material, the market has been segmented into HDPE, LDPE, LLDPE, PVC and others. Under the material segment, HDPE accounts for the largest market share. HDPE IBC containers are preferred due to their extensive flexibility and cost effectiveness. On the basis of capacity, the market has been segmented as follows: up to 500 liters, 500 to 1000 liters, 1000 to 1500 liters, 1500 to 2000 liters and above 2000 liters. Plastic rigid IBC containers of 500 to 1000 liters dominate the capacity segment of the market and the same is expected to grow at the highest CAGR during the forecast period. Rise in demand from various end-use applications like food & beverages and agrochemicals is driving the growth of this segment. 1000 to 1500 liters segment is expected to contribute significantly during the forecast period mainly due to increasing demand for petroleum and lubricants. On the basis of end-use, the market has been segmented as industrial chemicals, petroleum & lubricants, food & beverages, paints inks dyes, pharmaceuticals, and others. Food & beverages dominates the end-use segment and is expected to grow at a highest CAGR during the forecast period. Rise in demand for plastic rigid IBC containers across the food & beverage segment, attributed to growing demand for storage and transportation of bulk food products and various beverages across long distances from the manufacturing units. Petroleum & Lubricants segment is also expected to contribute significantly during the forecast period mainly due to increase in automobile sales. Scope of the Report This study provides an overview of the global Plastic Rigid IBC Market Growth, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Plastic Rigid IBC Market Growth by material, by capacity, by end use, and by region. Intended Audience End-Users Government Associations Research Institutes Distribution vendors Technology Innovators Manufacturers Access Full Report Of Plastic Rigid IBC Market Growth @ https://www.marketresearchfuture.com/reports/plastic-rigid-ibc-market-6897 Like it? Share it! More by this author |