Rigid Intermediate Bulk Containers (RIBC) Market: Overview, Data Updates, Reports Analysis & Forecast | FMI

ByNiranjan karde

The global rigid intermediate bulk containers (RIBC) Industry is on a trajectory of impressive growth, with an estimated worth of US$ 17.7 billion projected for 2023. This expansion is underpinned by a steady Compound Annual Growth Rate (CAGR) of 5.9%, showcasing the market’s resilience and potential. Looking ahead, industry analysts predict that this positive momentum will persist, resulting in a projected valuation of US$ 31.4 billion by 2033.

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Several key drivers are propelling the RIBC market’s ascent. Notably, these containers are gaining prominence due to their remarkable ability to withstand a myriad of demanding conditions. Their versatility is evident through applications ranging from rail transport and long-term outdoor storage to handling pressure-filled and hot-fill processes. Leveraging form-fit liners, RIBCs optimize the efficiency of liquid bulk dispensing across diverse industries.

Moreover, the escalating deployment of RIBCs for transporting hazardous materials and dangerous goods is contributing significantly to their growing adoption. Industries such as dairy, food and beverage, personal care, and chemicals are also turning to these containers for secure storage and transportation needs. Manufacturers are strategically expanding into emerging markets like the Middle East, Africa, and Asia Pacific, adapting their offerings to meet local requirements.

An increasingly prominent trend within the RIBC industry is the commitment to environmental sustainability. Numerous companies are embracing responsible practices by emphasizing the reusability and recycling of rigid intermediate bulk containers. This focus on reducing environmental impact aligns with broader global initiatives for a greener future. As the market continues to evolve, these drivers collectively shape a promising landscape for the RIBC industry, fostering growth, innovation, and environmental consciousness.

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How Is The Agrochemicals Industry Boosting Sales Of RIBC?

The chemical sector’s favorable outlook is projected to boost the global RIBC market. Rapid expansion of the food & beverage sector in North America is resulting in growing usage of safe agrochemicals for crop development and growth. These industries are using RIBCs for effective packaging and transportation, which in turn is providing impetus to sales.

Rigid IBCs are increasingly being used to transport hazardous and valuable chemicals without leakage. They can also be easily reinforced, preventing the escape of gases. When transporting hazardous substances, the United Nations (UN) has established severe standards that are in place worldwide. It is critical to use safe and long-lasting packaging. As a result, demand for single-use IBCs is expected to rise.

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RIBC Industry By Category 

By Material: 

  • Metal IBC 
  • Carbon 
  • Stainless 
  • Composite IBC 

By Capacity: 

  • Standard 
  • 1040 litres (275 US gal) 
  • 1250 litres (330 US gal) 
  • Customized Capacities 

By End Use: 

  • Industrial Chemicals 
  • Hazardous Chemical 
  • Non-Hazardous Chemical 
  • Petroleum & lubricants 
  • Paints, inks & dyes 
  • Food & beverages 
  • Construction 
  • Pharmaceuticals 
  • Others (Waste disposal/Recycling & silage, etc.) 

By Region: 

  • North America 
  • Latin America 
  • Europe 
  • Middle east and Africa 
  • East Asia 
  • South Asia 
  • Oceania