Folding IBCs Market Size & Share | Industry Trends Analysis Report for 2033

ByNiranjan karde

The folding IBC market is forecast to reach US$ 793.6 billion in 2023 and US$ 1,471.2 billion in 2033. A 6.3% growth rate is expected between 2023 and 2033. Industry sectors such as chemical, pharmaceutical, and food and beverage can all be attributed to this growth.

The performance and durability of folding IBC containers is likely to improve as materials, designs, and manufacturing processes improve. As a result, safety features can be enhanced, load capacity can be increased, and various products are more compatible.

Worker safety can be improved by improving the ergonomics of folding IBCs. A better wheel or caster might be incorporated, along with ergonomic handles and lifting aids. Rapid prototyping and design iteration can be achieved using 3D printing technology, allowing for quick and cost-effective development of custom solutions.

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Recent market innovations, such as foldable features and the eco-friendly nature of containers, are anticipated to drive further growth in the folding IBC market. Schoeller Allibert’s introduction of a foldable large containers series, including the tallest version in the trend, underscores this trend.

An analysis by Future Market Insights projects a decline of 30 basis share points (BPS) in the folding IBC market during H1-2022 compared to H1-2021. However, when comparing the projected and actual H1-2022 outlook period, a decline of 20 BPS change is observed. This fluidity highlights the market’s responsiveness to various factors and its evolving nature.

Key Takeaways

  • India is expected to expand at a CAGR of 6.2% from 2023 to 2033.
  • Packaging content for liquids is expected to dominate the market with a share of 89.8% during the forecast period.
  • Germany is predicted to increase at a CAGR of 2.1% during the forecast period.
  • A market share of 45.4% is expected to be attained by chemical applications by the end of the forecast period.
  • In 2033, the United Kingdom is anticipated to increase at a compound annual growth rate of 4.1%.

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Folding IBCs Market by Category

By Material:

Metal Folding IBCs
Carbon Steel Folding IBCs
Stainless Steel Folding IBCs
Plastic Folding IBCs

By Capacity:

Up to 500 L
501 to 1,000 L
1,001 to 1,500 L
Above 1,500 L

By Application:

Chemicals
Hazardous
Non-Hazardous
Petrochemical Products
Paints, Inks, & Dye
Food & Beverage
Automotive & Mechanical Parts
Cosmetic & Toiletries
Others

By Packaging Content:

Liquid
Solid & Semisolid

By Region:

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excl. Japan
Middle East and Africa (MEA)
Japan