Asia Pacific Intermediate Bulk Container Liner Market Size, Share & Trends Analysis Report By Capacity, By Application (Food & Beverage, Industrial Liquids, Household Products), By Country, And Segment Forecasts, 2023 - 2030

Asia Pacific Intermediate Bulk Container Liner Market Size, Share & Trends Analysis Report By Capacity, By Application (Food & Beverage, Industrial Liquids, Household Products), By Country, And Segment Forecasts, 2023 - 2030

Asia Pacific Intermediate Bulk Container Liner Market Growth & Trends

The Asia Pacific intermediate bulk container liner market size is expected to reach USD 268.44 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.5% from 2023 to 2030. The demand for the packaging solutions for intermediate bulk container liner market in the household and food and beverage industry is anticipated to grow owing to the increasing production and consumption of alcoholic beverage in the region. The shift in consumer demand for the consumption patterns towards natural food products which are exported on a large scale is also expected to create demand across the region.

Additionally, the demand for intermediate bulk container liner is the increasing consumption in the household products industry. Household products, such as surface cleaners and deodorizers are being increasingly packaged in bulk container market. These products are shipped in IBC liner before being packed in small sized containers. The flexibility provided by IBC liner to store large volumes of these household chemicals is anticipated to boost the intermediate bulk liner market in the region.

China has witnessed a significant growth in the adoption intermediate bulk container liner in the coming years. The demand for the product in this region is primarily driven by the food sector and along with the increasing demand for household products. According to the China Chamber of Commerce the production of processing tomatoes in China increased by about 29% in 2022 compared to that in 2021. The major reasons attributed to this volume growth are the incentives provided to Chinese farmers by the government, decline in prices of competing crops, and increasing mechanization of farming process. These factors are significantly improving the market demand for tomato paste. The tomato paste is usually packed in IBC liner with food safe coating of EVOH applied in the inner surface of the liner.

The demand for intermediate bulk container liner in Japan is expected to grow owing to the presence of the well-established food & beverage sector along with the high manufacturing and distribution rate. Japan has a presence of major edible oil manufacturers Kadoya Sesame Mills Inc, Ajinomoto Co Inc, and Nisshin Oillio Group Ltd., that account for a significant percentage of the Japan edible oil market share. Japan also imports cooking oil from Spain, Indonesia, and Malaysia. The growing edible oil consumption in Japan is expected to drive edible oil imports, which in turn can create a requirement for IBC liner for the transportation of edible oil.

The intermediate bulk container liner market is characterized by the presence of key players in the market operating in China, India, Australia, Malaysia, and others with their manufacturing and distribution locations present across the region. These companies involve into agreements with raw material suppliers and distributors to reduce their production costs, constant supply of the materials, and gain competitive edge over other small-scale, local players.

Asia Pacific Intermediate Bulk Container Liner Market Report Highlights

• The food and beverage accounted for a dominant share of the intermediate bulk liner market in 2022 and is further expected to witness growth over the forecast period in terms of revenue. The growing demand of readymade food and beverages, alcoholic beverages such as wine and others resulting in the packaging demand for industry bulk container liner and surge in transportation of products across the region is expected to propel the market growth in the region.
• As of 2022, China dominated the Asia Pacific market and is expected to expand at reasonable CAGR of 7.5% over the forecast period. The increasing demand for readymade food is expected to drive the market growth in the country.
• India is predicted to witness the significant growth over the forecast period. Increasing imports and exports by counties such as Australia, Japan, and Thailand along with the rising usage of flexible packaging products for intermediate bulk container liner in the region has propelled the market growth over the past decade

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