Flexible intermediate bulk container (IBC) is a reusable industrial container designed for the transport and storage of bulk liquid and granulated substances, such as chemicals, food ingredients, solvents, pharmaceuticals, etc. A new research report by Future Market Insights, titled ‘Folding IBCs Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’ is an overview of the global folding IBCs market during the forecast period. According to this comprehensive research report, the global folding IBCs market is expected to witness a rise in the demand for its products. Several advantages of folding IBCs is attracting many businesses and manufacturers. The folding IBCs are space efficient and are specially designed to improve handling, produce savings and also to address environmental issues for all hazardous and non-hazardous liquids. The sides of folding IBCs can be folded inward when the unit is empty allowing the IBC to collapse into a much smaller package for return shipment or storage. Almost all rigid folding IBCs are designed in such a manner so that they can be stacked vertically one atop the other using a forklift. The smooth interior and exterior surfaces of the folding IBCs reduce the opportunities for product contamination and allow for easy container cleaning. The market forecast depicts that the global folding IBCs market is expected to grow at a CAGR of 4.8% during the forecast period, reaching a market size of over US$ 520 Mn by the end of 2027.
Global Folding IBCs Market: Segmental Analysis
Preview Analysis on Global Folding IBCs Market Segmentation By Material Type – Metal, Carbon Steel, Stainless Steel, Plastic; By Capacity Type - Up to 500 L,500 to 1000 L,1000 to 1500 L, Above 1500 L;By Application Type – Chemicals, Hazardous, Non-Hazardous, Petrochemical Products, Paints, Inks, Dye, Food & Beverage, Automotive & Mechanical Parts, Cosmetic & Toiletries, Others; By Packaging Content Type – Liquids, Solids & semisolids:
There are a lot of companies in the global folding IBCs market that are considered to be great performers and also the key players of the market. Some of these key players that are mentioned in the report are Finncont Oy, Bulk Handling Australia Group Pty Ltd, A. R. Arena Products Inc., TranPak Inc., Brambles Group, ORBIS Corp., Dalian CIMC Logistics Equipment Co., Ltd., TPS Rental Systems Ltd, Loscam Ltd., Milford IBC, RPP Containers etc.
Source : GLOBE NEWSWIRE