IBC Rental Business Market Research Report

The IBC rentals business market is predicted to grow from US$ 1,218.0 Mn in 2022 to US$ 1,790.0 Mn by 2029, at a CAGR of 5.7%.

The rental of intermediate bulk containers (IBCs) is a growing industry that offers an economical and environmentally friendly method of storing and transporting large quantities of liquids and semi-solids. IBCs are reusable, stackable containers with a capacity of 275 to 330 gallons of liquid or semi-solid material, making them a great option for a variety of industries including agriculture, food and beverage, pharmaceutical, and chemical.

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The market for IBC rentals has experienced rapid expansion in recent years, driven by rising consumer demand for economical and environmentally friendly packaging options. As comparison to purchasing IBCs, the rental business model has a number of benefits, including cheaper upfront costs, flexibility, and lower maintenance and storage costs. By avoiding waste and the requirement for new packaging materials, renting IBCs aids companies in lowering their carbon impact.

Based on the IBC type, such as metal, plastic, or composite, the market for IBC rentals can be divided into different submarkets. IBCs made of plastic are the most popular on the market since they are portable, strong, and simple to maintain. Because of their resistance to fire and chemicals, metal IBCs are frequently utilised for hazardous and corrosive products. Because to its small weight, capacity to be recycled, and resistance to corrosion, composite IBCs are becoming more and more popular on the market.

Moreover, the type of application, such as chemical, food and beverage, pharmaceutical, and agricultural, can be used to categorise the IBC rental market. Due to the strong demand for safe and secure storage and transportation of hazardous products, the chemical industry makes up the majority of IBC users. IBCs are also widely used by the food and beverage industries, primarily for the transportation of liquid food goods including juices, oils, and syrups.

Competitive Landscape: IBC Rental Business Market