New York, NY, Jan. 15, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Plastic Rigid IBC Market by Product Type (Linear Low-Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polyvinyl Chloride (PVC), and Others), by Capacity (Less Than 500 Liters, Between 500 and 1000 Liters, Between 1000 and 1500 Liters, Between 1500 and 2000 Liters, and More Than 2000 Liters), and by End-User (Petroleum & Lubricants, Industrial Chemicals, Paints, Inks and Dyes, Food & Beverages, Pharmaceuticals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024”. According to the report, the global plastic rigid IBC market was valued at approximately USD 2.83 billion in 2017 and is expected to generate revenue of around USD 4.40 billion by 2024, at a CAGR of around 6.2% between 2018 and 2024.
Plastic rigid intermediate bulk containers are cost-effective and reusable in nature. In rigid bulk packaging, the plastic material is largely used due to their numerous performance benefits. Plastic rigid IBC is a rigid and self-standing container, which is made from polymeric material. IBCs are mostly used to store and transport liquids in bulk quantity, such as food ingredients, chemicals, solvents, pharmaceutical products, and granulated substance.
Browse through 54 Tables & 35 Figures spread over 110 Pages and in-depth TOC on “Global Plastic Rigid IBC Market: Industry Size, Share, Growth, Trends, Analysis and Forecast, 2017—2024”.
Request Free Sample Report of Global Plastic Rigid IBC Market Report @ https://www.zionmarketresearch.com/sample/plastic-rigid-ibc-market
The escalating product demand across food and beverages sector, owing to the wide use of plastic rigid IBCs for storing and transporting food items and beverages in bulk quantity from their manufacturing location is likely to drive the plastic rigid IBC market in the future. The lubricants and petroleum industry are also witnessing an increased use of plastic rigid IBC, as these containers can safely transport all types of solid or liquid products.
By product type, the plastic rigid IBC market is segmented into linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyvinyl chloride (PVC), and others. The HDPE segment held a major revenue share in 2017, owing to the rising product demand due to their cost-effectiveness and flexibility. By capacity, the market is divided into less than 500 liters, between 500 and 1000 liters, between 1000 and 1500 liters, between 1500 and 2000 liters, and more than 2000 liters. The between 500 to 1000 liters capacity segment is expected to dominate the plastic rigid IBC market over the estimated timeline, owing to the increased product demand from several industries, such as agrochemicals and food and beverages. The end-user segment includes petroleum and lubricants, industrial chemicals, paints, inks and dyes, food and beverages, pharmaceuticals, and others. The food and beverages industry held a major market share in the year 2017, owing to the rising demand for transportation and storage of bulk food products and beverages across various locations from the manufacturing units. The petroleum and lubricants sector is predicted to register the highest CAGR over the forecast timespan.
Download Free Report PDF Brochure: https://www.zionmarketresearch.com/requestbrochure/plastic-rigid-ibc-market
By region, Europe held a substantial share of the global plastic rigid IBC market in 2017 due to huge product demand by the food and beverage sector in the region. Furthermore, steady growth witnessed in the construction and automobile sectors in the region and the rising demand for paints and coatings are likely to drive this regional market in the upcoming years.
The North American plastic rigid IBC market is projected to witness a significant rate of growth over the forecast timeframe, owing to the rising construction activity and developing automotive sector in the region. The U.S. government is set to invest over USD 8.5 trillion in the country’s various infrastructural projects in the years ahead. Electricity, airport, and road are the major domains of infrastructural investments in the U.S. These factors are likely to increase the demand for storage and transportation of materials, which, in turn, drive the plastic rigid IBC market over the forecast time period.
Browse the full “Plastic Rigid IBC Market by Product Type (Linear Low-Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polyvinyl Chloride (PVC), and Others), by Capacity (Less Than 500 Liters, Between 500 and 1000 Liters, Between 1000 and 1500 Liters, Between 1500 and 2000 Liters, and More Than 2000 Liters), and by End-User (Petroleum & Lubricants, Industrial Chemicals, Paints, Inks and Dyes, Food & Beverages, Pharmaceuticals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024” Report at https://www.zionmarketresearch.com/report/plastic-rigid-ibc-market
The Asia Pacific region dominated the plastic rigid IBC market in 2017 and is predicted to continue its dominance over the forecast timeframe. This regional market growth is mostly observed in China, Japan, and India. The growth of this regional market is attributed to the increasing technological advancements and rapid industrialization in the Asia Pacific region. Moreover, the availability of cheap labor in the region and rising transportation and storage requirements for bulky goods is likely to further contribute toward the region’s plastic rigid IBC market.
The Latin America plastic rigid IBC market is projected to register good growth over the forecast time period, owing to the increasing middle-class population base in and the presence of key consumers of prepared foods and personal care goods in the region.
Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/plastic-rigid-ibc-market
Some major players operating in the global plastic rigid IBC market are Bulk Handling Australia, Schutz Container Systems, Greif, Inc., Jielin, Maschiopack GmbH, WERIT, Snyder Industries, Time Technoplast Ltd., Hoover Ferguson Group, Sintex, and Mauser Group, among others.
Request customized copy of report @ https://www.zionmarketresearch.com/custom/3415
This report segments the global plastic rigid IBC market into:
Global Plastic Rigid IBC Market: Product Type Analysis
- Linear Low-Density Polyethylene (LLDPE)
- Low-Density Polyethylene (LDPE)
- High-Density Polyethylene (HDPE)
- Polyvinyl Chloride (PVC)
- Others
Global Plastic Rigid IBC Market: Capacity Analysis
- Less Than 500 Liters
- Between 500 and 1000 Liters
- Between 1000 and 1500 Liters
- Between 1500 and 2000 Liters
- More Than 2000 Liters
Global Plastic Rigid IBC Market: End-User Analysis
- Petroleum and Lubricants
- Industrial Chemicals
- Paints
- Inks and Dyes
- Food and Beverages
- Pharmaceuticals
- Others
Global Plastic Rigid IBC Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
Related Reports:
- Freezer Bags Market: https://www.zionmarketresearch.com/report/freezer-bags-market
- Aluminum Caps & Closures Market: https://www.zionmarketresearch.com/report/aluminum-caps-closures-market
- Smart Labels Market: https://www.zionmarketresearch.com/report/smart-labels-market
- Anti-counterfeit Pharmaceutical Packaging Market: https://www.zionmarketresearch.com/report/anti-counterfeit-pharmaceutical-packaging-market
- Parenteral Packaging Market: https://www.zionmarketresearch.com/report/parenteral-packaging-market
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research
Blog: http://usindustrynews.com | http://europeindustrynews.com | http://zmrresearchnews.us | http://zmrmarketjournal.com
Contact Us:
Joel John
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Blog: http://zmrblog.com