The global market for intermediate bulk containers (IBC) rental services is characterized by product offering that provide cost and functional benefits in terms of business objectives. Low levels of down payment requirements and small instalment allows end users to manage and control working capital requirements expended on intermediate bulk containers (IBCs). Cost effective capital management and elimination of non-working assets allows companies to control operational costs and stay competitive in the market.
The global market for intermediate bulk containers (IBC) rental services is characterized by existence of extensive market segments for end use. Food and beverages, agrochemicals, industrial chemicals, petroleum and lubricants, paints, inks and dyes, pharmaceuticals and building and construction and building are prominent end use segments for the global market for intermediate bulk containers (IBC) rental service.
The global market for intermediate bulk containers (IBC) rental services is characterized by supply of IBCs made of plastic and metal. Plastic intermediate bulk containers (IBC) are highly preferred over other material type due to convenience and flexibility in manufacturing.
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Industrial chemicals segment accounts for a major chunk in the global IBC market, wherein the IBCs are used for the transportation of hazardous chemicals to minimize snapping chances. Petroleum and lubricants segment is the second largest end user utilizing IBCs for the bulk transportation of petroleum and constituents for cross border trade activities. Food & Beverages segment is expected to expand at the highest CAGR during the forecast period 2017-2027.
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