LATAM Intermediate Bulk Containers (IBC) Market - Industry Trends and Forecast to 2031
The LATAM Intermediate Bulk Containers (IBC) market is expected to reach USD 421,772,425.90 by 2031 from USD 327,430,000.00 in 2023, growing at a CAGR of 3.3% during the forecast period of 2024 to 2031.
Market SegmentationLATAM Intermediate Bulk Containers (IBC) Market, By Product Type (Rigid Intermediate Bulk Containers (RIBC) and Flexible Intermediate Bulk Containers (FIBC), Material (Plastic, Metal, Fiberboard, and Others.), Filling Technology (Aseptic and Non-aseptic), Content Type (Solids, Semi-Solids, and Liquids), Container Type (Dry Container, Isolated Container, Open Top Container, Hard Top Container, Tank Container, Platform Container, Ventilated Container, and Others), Application (Chemicals, Oil & Gas, Food & Beverages, Agriculture, Pharmaceuticals, Paints, Inks & Dyes, Cosmetic & Personal Care, Building & Construction, Textiles, and Others), Distribution Channel (Direct and Indirect), Country (Mexico, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Costa Rica, Panama, Paraguay, Bolivia, Venezuela, Guatemala, El Salvador, Honduras, Rep Dominicana, Trinidad and Tobago, and Jamaica) - Industry Trends and Forecast to 2031
Overview of LATAM Intermediate Bulk Containers (IBC) Market Dynamics
Driver• Increase in demand for efficient packaging solutions in the food and pharmaceuticals industry
• Rising demand for industrial packaging and storage
• Cost-effective alternative to other bulk packaging options
Restraint • High initial investment and maintenance costs
• Regulatory compliance and certification
Opportunities
• Growing industrialization and urbanization in the region
• Growth in e-commerce trends
Market PlayersSome of the major market players operating in the LATAM Intermediate Bulk Containers (IBC) market are listed below: • Greif
• BWAY Corporation
• Schütz GmbH & Co. KGaA.
• Bulk-Pack, Inc.
• THIELMANN - The Container Company
• Brambles
• FlexiblePackagingSolutions
• Snyder Industries
• Mondi
• International Paper
• Schoeller Allibert