The metal IBC market was valued at US$20.224 billion in 2022.
During the projected period, demand for metal intermediate bulk containers is anticipated to rise in end-use sectors such as automotive, construction, electrical and electronic, and packaging. Market growth is anticipated as a result of expanding international industries. Metal IBC, utilized for overseas mass transit, is constructed of carbon steel or stainless steel. Particularly for a variety of end-users like industrial chemicals, metal IBC has emerged as a crucial component of growing international trade. The use of metallic IBC considerably reduces liquid spills and spills. They benefited strategically much as a result of this. Aside from that, greater commerce and industrial output are what largely fuel the worldwide market. The operations include the requirement for vessels for import and export purposes. Containerization has significantly reduced costs for the transportation industry, which will likely continue to support the market's expansion. The use of RFID technology to trace and track IBCs has improved customer service and reduced costs, and it has also become a well-known trend among market rivals.
Introduction:
For cross-border bulk transportation, metal IBCs made of carbon or stainless steel are utilized. Particularly for end-users like industrial chemicals, metal IBCs have played a crucial role in the evolution of cross-border trading practices. Due to the huge decrease in occurrences of bulk liquids cracking and spilling, metal IBCs have great strategic value. Large manufacturing output and trade activities, which depend on the usage of containers for import and export, are further factors driving the expansion of the global market. They are a dependable and affordable option for transporting liquids due to their robustness and stackable construction. They are utilized in a wide range of sectors, including pharmaceutical, petrochemical, and industrial chemicals.
Drivers:
Products offered by key companies:
The prominent growth in the Food and beverages sector under the End-User segment
The stainless steel segment held the major market share and is expected to continue with this over the forecast period. The stainless-steel IBC sector is anticipated to have considerable expansion in the projected period because stainless-steel IBCs are recognized to have superior wear and tear properties than carbon-steel IBCs. Because scraping is so readily available, the amount of steel produced via the electric arc furnace process has surged in underdeveloped countries which is one of the main reasons fueling market expansion.
The North American region is expected to hold a significant share of the metal IBC market:
The North American region, with a strong focus on the USA, emerged as the market leader and is poised to continue with this dominance over the forecast period. Throughout the evaluation period, it is anticipated that the USA will continue to hold the top spot in the market for metal IBCs. The USA is the biggest chemical manufacturer in the world, producing 1/5 of all chemicals produced worldwide. The market will be boosted by a high demand for chemicals from the automotive, energy, and consumer goods industries. The key factor contributing to the market driver in the region is the bulk transportation of such chemicals, which increases demand for metal IBC.
Key developments:
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2022 | US$20.224 billion |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2022 |
| Forecast Period | 2024 – 2029 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered |
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| Companies Covered |
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| Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Customization Scope | Free report customization with purchase |
Segments