Download The Findit App

Share Your Posts On These Major Social Networks

Instatag Your Posts to Instagram Facebook + Twitter

Right Now

IBC Rental Business Market Expected to Behold a CAGR of 5.0% during 2019-2029 | FMI Reports

The latest market research report by Future Market Insights on the
IBC rental business includes global industry analysis 2014–2018, and
opportunity assessment 2019–2029. The report studies the IBC rental
business and provides critical insights for the forecast period
2019–2029. As per the findings of the report, the global IBC rental
business is projected to experience significant growth over the forecast
period, due to various driving factors such as the growing demand from
low-capital end-users and stringent shipping and storing regulations.

The
global IBC rental business is estimated to be valued at ~ US$ 1 Bn in
2019, projecting a CAGR of ~ 5% during the period of 2019-2029. The
growth of the IBC rental business is remarkably driven by increasing
demand from small to middle-scale chemical companies.

The IBC
rental business is expected to witness a steady growth rate in the
foreseeable future, owing to the growth of the global chemical industry.
In addition, continued urbanization in the developing economies of
South and East Asia has increased the demand for chemical which is
expected to directly impact the growth of the IBC rental business.

Europe to Remain as Dominating Market Region throughout the Forecast Period

The
IBC rental business is closely related to the export activities and
manufacturing of chemical and value-added products of different
countries. The domestic production of end user in different regions are
estimated to be a key factor in analyzing the leading end-use industries
for the IBC rental services. Europe is expected to dominate the
regional market in terms of demand, owing to its established export
business. In 2018, Europe contributed nearly 40% of the total global
export of chemical products. The Benelux and Germany are estimated to
account cumulatively 1/3 of market share in the European IBC rental
business. South Asia is anticipated to witness a fast-paced growth,
owing to government policies to increase the export of chemical products
from ASEAN regions and India.

Temperature-controlled IBCs to Gain Traction in Coming Years

The
global market of IBC rental business has been segmented in terms of
material type, product type, content, capacity, end use, and regions.
The regions are segmented into North America, Latin America, Europe,
East Asia, South Asia, and Middle East & Africa.

  • By
    product type, carbon steel IBC is generally preferred in the IBC rental
    business. In terms of value, stainless steel IBC is estimated to be the
    leading product in the market. The reusability and secure handling of
    hazardous and flammable products are critical features, due to which
    steel IBCs are highly used in IBC rental business.
  • By content,
    shipping and storing of liquid are the main applications of rental IBCs.
    The higher safety, filling, and dispensing offered by IBCs are expected
    to prove itself as great packaging formant for industrial products
    packaging.
  • By capacity type, the IBCs with the capacity of
    1,001-1,500 liters are estimated to be prominent in the global IBC
    rental business, owing to the specific standard size mentioned by
    regulatory authorities.
  • By end use, the industrial chemicals
    segment is leading for IBC rental business. The food & beverages
    segment is projected to be an emerging segment for IBC rental business,
    due to estimated increment in export volume based on previous five-year
    trade.

IBC Rental Business: Market Vendor Insights

The
report highlights some of the market players, who have recognized
themselves as leaders in the global IBC rental business. Some of the
global key players in the IBC rental business profiled in report are
Good Pack Ltd., Hoover Ferguson Group, Arlington Packaging (Rental)
Limited, Precision IBC, Inc., Hoyer Group, Metano IBC Services, Inc.,
CMO Enterprises, Inc., Mitchell Container Services, Inc., Global
Packaging Services (GPS), Brambles Limited, Envirotainer AB, Americold,
HCS (Hawman Container Services), SCHÄFER WERKE GmbH, and TPS Rental
Systems.

Some of the IBC manufacturers are also showing interest
to enter in IBC rental business owing to high-profit opportunity in
renting, cleaning, and maintaining services of IBCs. It will show
remarkable increment in the volume of rental IBCs in the global fleet.

Press Release Sourcehttps://www.globenewswire.com/news-release/2019/09/12/1914728/0/en/IBC-Rental-Business-Market-is-projected-to-grow-at-a-CAGR-of-5-during-the-forecast-period-of-2019-to-2029-Future-Market-Insights.html

Related Press Release

About Us

Future
Market Insights (FMI) is a leading market intelligence and consulting
firm. We deliver syndicated research reports, custom research reports
and consulting services which are personalized in nature. FMI delivers a
complete packaged solution, which combines current market intelligence,
statistical anecdotes, technology inputs, valuable growth insights and
an aerial view of the competitive framework and future market trends.

Contact Us

Mr. Abhishek Budholiya

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): +44(0)20-7692-8790 
Sales: sales@futuremarketinsights.com
Press OfficePress@futuremarketinsights.com

Future Market Insights

Load More wait