Rigid Intermediate Bulk Container Packaging Market - Global Industry Analysis, Size, Share, Trends and Forecast 2016 - 2026
- Transparency Market Research
Global Rigid Intermediate Bulk Container Packaging Market: Introduction
Rigid intermediate bulk container, also known as pallet tank is a reusable industrial container modelled for the storage and transport of granulated substances or bulk liquids including chemicals, solvents, food ingredients, pharmaceuticals etc. These containers are mainly designed to be moved using a pallet jack or a forklift and are mostly cubical in shape. Rigid intermediate bulk containers are mounted on a pallet in a stack and thus are called stackable containers. Rigid intermediate bulk containers are covered by a rigid case, mostly made of galvanized iron or steel, to ensure safety and durability, hence the name. Moreover, when compared to cylindrical-shaped containers, rigid intermediate bulk containers can transport supplementary materials in the similar footprint being cubical in shape and have a durable lifespan of more than 20 years. Rigid intermediate bulk containers are made of various materials including plastic, fiberboard, wood, metal etc. Furthermore, most of the rigid intermediate bulk containers possess a built-in faucet/tap at the base of the container through which the liquid content can be withdrawn into smaller containers by attaching hoses/pipes. Rigid intermediate bulk containers are used to ship and store commodities and raw materials, bulk chemicals and hazardous materials, petrochemical products, food syrups etc.
Global Rigid Intermediate Bulk Container Packaging Market: Segmentation
The global rigid intermediate bulk containers packaging market can be segmented on the basis of material type and application. On the basis of material type, the global rigid intermediate bulk containers packaging market can be segmented into plastic, paper (fiberboard), wood and metal. On the basis of application, the global rigid intermediate bulk containers packaging market can be segmented into food & beverages, chemicals, pharmaceuticals and others. Among material type, plastic is most often used in storing and transporting food and beverages and chemicals due to its cost effectiveness and durability along with flimsiness. Considering application, food and beverages segment is expected to witness a significant growth followed by chemicals and solvents.
Global Rigid Intermediate Bulk Container Packaging Market: Dynamics
Cost-effectiveness and higher operational performance are some key factors driving the demand for rigid intermediate bulk containers thus in turn fuelling the growth of the overall global rigid intermediate bulk containers packaging market. Moreover, expansion of commodity trade especially in developing regions is expected to spur the demand for rigid intermediate bulk containers in the global rigid intermediate bulk containers packaging market. Urbanization and increase in international trade are the key factors driving the growth of the global rigid intermediate bulk containers packaging market. Rigid intermediate bulk containers is expected to witness a benefit from a rebound in chemical production as well as performance advantages over single-use, shorter-lived or smaller packaging. However, lack of consumer awareness and higher initial costs are two major factors hampering the growth of the global rigid intermediate bulk container packaging market. Furthermore, competition from flexible intermediate bulk containers, which are substantially less expensive than rigid intermediate bulk containers is another major factor restraining the growth of the global rigid intermediate bulk container market.
Global Rigid Intermediate Bulk Container Packaging Market: Region-wise Outlook
On the basis of region, the global rigid intermediate bulk container packaging market can be segmented into seven key regions including North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. North America is expected to account for the maximum market share by the end of 2016 followed by Western Europe and Asia-Pacific. Asia-Pacific region is anticipated to witness the highest growth due to increase in globalization and industrial trade especially among the developing economies of the region such as India, China etc.
Global Rigid Intermediate Bulk Container Packaging Market: Key Players
The major players involved in the manufacture of rigid intermediate bulk containers are Berry Plastics, Brambles, Sonoco Products Company, WestRock, Greif Incorporated, Berenfield Containers Incorporated, BWAY Corporation, Koch Industries Incorporated, Weidenhammer Packungen among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America
- Latin America
- Asia Pacific
- Western Europe
- Eastern Europe
- Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
- Key market segments and sub-segments
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Quantifying market opportunities through market sizing and market forecasting
- Tracking current trends/opportunities/challenges
- Competitive insights
- Opportunity mapping in terms of technological break throughs
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
TMR regularly interviews technology and business professionals as an
ongoing effort to track the latest developments within each sector. These
continuous surveys are stratified by company size and industry segment and
weighted to reflect the global market place. All data are collected on an
ongoing effort through a structured questionnaire rolled over the web or
conducted via telephones. This provides the TMR team opportunities to
request for detailed question sets, complex skip patterns, and real-time
calculations, which assists respondents in answering questions involving
numbers and percentages. Respondents, who are interviewed as experts, are
screened and qualified based on certain criteria in addition to their
decision-making authority and the scope of activity within their
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.