Global Plastic Rigid IBC Market Growth trends 2022 To 2028 Market Report
2022-04-20 12:18:48 UTC | Business, Economy, Finances, Banking & Insurance
The research report on the Global "Plastic Rigid IBC Market" 2022 elaborates the key market potential, CAGR, and annual growth. The market analysis is divided into major regions, which is speeding up marketization and assisting readers in comprehending the qualitative and quantitative features of the global Plastic Rigid IBC market. The research is a great blend of qualitative and quantitative data that covers the competitive environment, company profiles, financials, technical advancements, and investment opportunities. While estimating the market size, many factors were collected using established research approaches with the help of primary data and secondary sources.
A pallet-mounted, industrial-grade reusable intermediate bulk container (or IBC) is used for storing and transporting bulk liquids and powders. The IBC, sometimes known as a tote, can be stacked and transported using a pallet jack or forklift.
A plastic rigid intermediate bulk container, also known as an IBC, is a rigid, self-standing tank composed of polymeric material that can be lined or unlined. At least 119 gallons, but no more than 793 gallons, is the usual capacity. IBCs are used to transport a wide range of liquid and solid products, including hazardous materials and dangerous commodities.
In the food and beverage end use sector, plastic rigid IBCs are used to store and transport bulk food products and various beverages over long distances from the producing units. In recent years, demand for plastic rigid IBCs has increased in this end use area. In the future years, the food and beverage end use industry is likely to grow quickly in terms of using plastic rigid IBCs, with a solid CAGR of 6.2 percent estimated over the projection period.
According to a new research study, the global market for Plastic Rigid IBC is predicted to rise at a CAGR of nearly 6.2 percent over the following five years, reaching 3280 million USD in 2024, up from 2290 million USD in 2019.
This study examines the global market for Plastic Rigid IBCs, focusing on North America, Europe, and Asia-Pacific, as well as South America, the Middle East, and Africa. The market is segmented by manufacturers, regions, product type, and application in this study.
On the basis of Product Type : Linear Low-Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polyvinyl Chloride (PVC), Others
On the Basis of the Applications : Petroleum & Lubricants, Food & Beverages, Industrial Chemicals, Inks & Dyes, Pharmaceuticals, Others
Global Plastic Rigid IBC Market Competition by Top Manufacturers
● Mauser Group
● Snyder Industries
● ZhenJiang JinShan Packing Factory
● Time Technoplast Limited
● Myers Industries
● Hoover Ferguson Group
● Pyramid Technoplast
To Gain a Better Understanding of How Covid-19 Impact Is Addressed in This Report
The market segmentation information in the research study was compiled using primary and secondary research approaches. Similarly, a qualitative and quantitative analysis of target market evaluations for the anticipated time is provided to demonstrate the worldwide target market's economic viability. The research contains a comprehensive analysis of the worldwide Plastic Rigid IBC business, as well as current trends, to help investors decide whether or not to engage in the Plastic Rigid IBC industry. With the contact analysis, the Plastic Rigid IBC market study also provides comprehensive data on prospects, key drivers, and restraining factors.
The Plastic Rigid IBC market research report also examines the top manufacturers in the global market, as well as key segments. The Plastic Rigid IBC market report is based on established assumptions that have been supported by several research approaches. In addition, the worldwide Plastic Rigid IBC market makes use of a variety of primary and secondary resources. From a demand and supply standpoint, this study examines the state and outlook of the Plastic Rigid IBC business in the major economies.
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