Reusable Packaging News No. 3, 2019 Bulk Container Special - Page 13

Intermediate Bulk Containers (IBC) Market Expected to Witness a CAGR of 7.2% Through 2028

More than 596,600 units of intermediate bulk containers were sold in 2018, which are likely to witness around a 6.3% increase by the end of 2019. According to a new research study presented by Future Market Insights (FMI), the global revenue of intermediate bulk containers (IBC) market is set to cross a US$ 10 billion market by 2020.

“Intermediate bulk containers have emerged as an efficient and relatively economical alternative in bulk packaging applications, over conventional drums. As the packaging industry is accelerating its shift away from plastics and plastic-based composites, the report points to spectacularly increasing demand for paper and paperboard-based intermediate bulk containers,” says the report by FMI.

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