IBC Rental Business Market

IBC Rental Business Market Overview

The report is titled as ‘IBC Rental Business Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the IBC Rental Business market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.

IBC Rental Business Introduction

An intermediate bulk container (IBC) can be understood as a kind of container that serves its application to transport pastes, liquids, and solids. An intermediate bulk container is designed with several different materials. It is named “intermediate” since it is larger than a drum, but smaller than a tank. There is a wide range of applications of intermediate bulk containers across various industries around the world. For instance, in the chemical industry, intermediate bulk containers are likely to be employed to ship various kinds of powders that are utilized as constituents for a chemical compound, or they also serve applications in containing a liquid that plays a role of catalyst to accelerate chemical reactions. In addition to that, the intermediate bulk containers are utilized in the oil & gas industry to convey specimens of a given well extraction or for emergency water for exceedingly remote jobs. All the more, they are also likely to be employed at airports to hold and convey thawing chemicals. Owing to which, the intermediate bulk container (IBC) witnessed higher demand across the global markets.

The IBC rental business can be perceived as the services of renting IBCs for a short or longer time period as per the needs of the clients. The leading players of the market with low capital and having a brief requirement for IBCs are electing for rental IBCs. In the past few years, the demand for IBC rental business and services associated with it has observed a considerable spike as industry participants adopt these rental services for both industrial as well as non-industrial activities. Thus, the global IBC rental business market is projected to grow significantly over the years.

IBC Rental Business Market Segmentation

The IBC rental business market is segmented on the basis of material type, product type, content, capacity, end user, and region.

By Material Type

Carbon Steel

Stainless Steel

Plastic

By Product Type

Flexitanks

Stainless Steel

Carbon

Plastic

Composite

By Content

Liquid

Solids

Semi-Solids

By Capacity

Up To 1,000 Liters

1,001-1,500 Liters

1,501-2,000 Liters

Above 2,000 Liters

By End User

Industrial Chemicals

Petroleum and Lubricants

Paints, Inks and Dyes

Food and Beverages

Personal Care and Cosmetics

Synthetic and Natural Rubber

Tires and Auto Components

Pharmaceuticals

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

IBC Rental Business Market Key Players

Some of the key participating players in IBC Rental Business market are Goodpack Pte Ltd., METANO IBC SERVICES, INC., Brambles Ltd, TPS Rental Systems Ltd, IBC Containers, HOYER GmbH, Arlington Packaging (Rental) Limited, CHEP, Berry Global Inc., Bulk Lift International, LLC, Conitex Sonoco, GLOBAL-PAK, INC, Greif, Plastipak Holdings, Inc., SYSPAL Ltd., DS Smith, Plymouth Industries, Pensteel Ltd., SIA FLEXITANKS. and BASF SE

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product developments and launches

IBC Rental Business Adoption Rate, by End User

Top Companies Historical Growth Rate

Pricing Impact

Impact of Regulations

Advantages of IBC Rental Business

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.