Reconditioned IBC Market Set to Reach USD 8,724.8 Million by 2034, Driven by Sustainable Solutions | Report by FMI

Germany's reconditioned IBC market will grow at a 2.9% CAGR, reaching USD 455 Million by 2034, maintaining its lead in Europe throughout the forecast period. NEWARK, DE, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- The global 𝐫𝐞𝐜𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐞𝐝 𝐈𝐧𝐭𝐞𝐫𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐁𝐮𝐥𝐤 𝐂𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐫 (𝐈𝐁𝐂) 𝐦𝐚𝐫𝐤𝐞𝐭 is projected to witness robust growth, reaching a valuation of 𝐔𝐒𝐃 𝟓,𝟐𝟗𝟓.𝟑 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in 2024 and expanding to an impressive 𝐔𝐒𝐃 𝟖,𝟕𝟐𝟒.𝟖 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 by 2034. This growth trajectory corresponds to a 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟓.𝟏% over the forecast period. In 2023, the industry recorded revenue of USD 4,971.8 million, and year-on-year growth for 2024 is anticipated at a strong 6.1%.

Among various product types, composite IBCs are set to dominate the market, accounting for more than 80% of the market share in terms of volume. Composite IBCs are projected to grow at a CAGR of 4.2% throughout the forecast period, reflecting their increasing popularity across industries.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐆𝐫𝐨𝐰𝐭𝐡 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 – 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐍𝐨𝐰 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬!
https://www.futuremarketinsights.com/report-sample#5245502d47422d38383836

𝐊𝐞𝐲 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞 𝐈𝐁𝐂 𝐃𝐞𝐦𝐚𝐧𝐝:

• 𝐃𝐮𝐫𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐂𝐨𝐬𝐭 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲: Reconditioning enhances the lifecycle of composite IBCs, offering a cost-effective and 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐩𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 solution.
• 𝐑𝐞𝐝𝐮𝐜𝐞𝐝 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐖𝐚𝐬𝐭𝐚𝐠𝐞: The ability to reuse the metal cage and replace the inner container significantly minimizes material costs and environmental impact.
• 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐅𝐨𝐜𝐮𝐬: The eco-friendly nature of reconditioned composite IBCs aligns with global sustainability goals, further boosting adoption.

𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐑𝐞𝐜𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐞𝐝 𝐈𝐁𝐂

A Reconditioned Intermediate Bulk Container (IBC) refers to a previously used IBC that has undergone a cleaning and refurbishing process to restore it for safe and functional reuse. These containers are commonly used for storing and transporting bulk liquids, chemicals, or other materials.

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐜𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐞𝐝 𝐈𝐁𝐂 𝐌𝐚𝐫𝐤𝐞𝐭

• 𝐂𝐨𝐬𝐭-𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞𝐧𝐞𝐬𝐬: Reconditioned IBCs are significantly cheaper than new ones, making them an attractive option for businesses looking to reduce packaging costs without compromising quality or reliability.
• 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲: The growing focus on sustainability and waste reduction has driven demand for reconditioned IBCs. By reusing and repurposing containers, companies contribute to the circular economy, reducing environmental impact and promoting eco-friendly practices.
• 𝐑𝐢𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐢𝐧 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐚𝐧𝐝 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬: The global growth in industries like chemicals, food and beverages, pharmaceuticals, and oils has led to an increased need for bulk packaging solutions. Reconditioned IBCs provide a cost-efficient and reliable solution for transporting and storing these materials.
• 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐒𝐚𝐟𝐞𝐭𝐲 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬: Reconditioned IBCs often meet rigorous industry standards and regulations, which makes them a viable option for industries requiring safe and compliant packaging solutions, particularly in the chemical and hazardous material sectors.
• 𝐃𝐮𝐫𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐑𝐞𝐮𝐬𝐚𝐛𝐢𝐥𝐢𝐭𝐲: Reconditioned IBCs maintain their strength, reliability, and performance after being refurbished, offering businesses a durable packaging solution with a longer lifecycle, reducing the need for frequent replacements.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬: 𝐑𝐞𝐜𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐞𝐝 𝐈𝐁𝐂 𝐌𝐚𝐫𝐤𝐞𝐭

• The global reconditioned IBC industry achieved a CAGR of 3.2% from 2019 to 2023.
• The market reached a valuation of USD 4.9 billion in 2023, reflecting positive growth.
• Germany’s reconditioned IBC market is projected to grow at a CAGR of 2.9% from 2024 to 2034, reaching over USD 455 million by 2034.
• North America is expected to expand at a CAGR of 4.5% during the forecast period, with the market size projected at USD 1.7 billion by 2034.
• China is a key focus for manufacturers, with an estimated CAGR of 5.9% throughout the forecast period.
• The metal IBCs segment leads the market, contributing 55% of revenue in 2024.
• The industrial chemicals segment is anticipated to generate over USD 3.2 billion in revenue by 2034.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 – 𝐆𝐚𝐢𝐧 𝐞𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐮𝐧𝐜𝐨𝐯𝐞𝐫 𝐞𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐰𝐢𝐭𝐡 𝐨𝐮𝐫 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐅𝐨𝐫𝐦𝐚𝐭𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭𝐬.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Key players in the refurbished IBC market are investing in innovative reconditioning facilities and forming alliances. Key reconditioned IBC providers have also been purchasing smaller competitors to expand their footprint and reach the refurbished industry in numerous locations.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐑𝐞𝐜𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐞𝐝 𝐈𝐁𝐂 𝐌𝐚𝐫𝐤𝐞𝐭

• Grief Inc. established a cooperation with CDF Corporation in March 2024 to work on redesigning its GCUBE IBC Flex for the transportation of very sensitive goods and liquid fluids.
• In January 2024, ENVA announced the opening of a new reconditioning and recycling facility at its Dunniflats location in Ayrshire. The factory will be able to process approximately 25,000 units each year.
• Grief stated in April 2023 that it had completed an all-cash transaction of USD 145 million to raise its shareholding of Centurion Container from 9% to 80%.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐟 𝐑𝐞𝐜𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐞𝐝 𝐈𝐁𝐂 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

• Mauser Group B.V
• Greif, Inc.
• Schutz Container Systems, Inc
• Rahway Steel Drum Co. Inc
• Clouds Drums Dubai LLC
• Varilsan Packaging
• TPL Plastech Limited
• Accon Group AS
• Precision IBC, Inc
• Recontainers Ltd
• Obal Centrum s.r.o.
• North Coast Container (Container Management Services)
• Metano IBC
• IBC Tanks
• Delta Containers
• The Cary Company
• Mitchell Container Services, Inc.

𝐅𝐢𝐧𝐝 𝐎𝐮𝐭 𝐌𝐨𝐫𝐞—𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐅𝐮𝐥𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬!
https://www.futuremarketinsights.com/reports/reconditioned-ibc-market

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐑𝐞𝐜𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐞𝐝 𝐈𝐁𝐂 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

𝐁𝐲 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥:

In terms of material, the industry is divided into metal IBCs and composite IBCs.

𝐁𝐲 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐲:

In terms of capacity, the industry is segregated into standard and customized capabilities. The standard segment has been further segregated into 1,040 liters (275 US gal), and 1,250 liters (330 US gal).

𝐁𝐲 𝐄𝐧𝐝-𝐮𝐬𝐞:

The industry is classified by end use industries as industrial chemicals, petroleum & lubricants, paints, inks & dyes, food & beverages, waste disposal/recycling & silage, and others.

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

Key countries of North America, Latin America, Europe, East Asia, South Asia, Middle East and Africa (MEA), and Oceania have been covered in the report.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐌𝐈’𝐬 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐎𝐧𝐠𝐨𝐢𝐧𝐠 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐃𝐨𝐦𝐚𝐢𝐧:

The global specialty film market is expected to progress at a sluggish CAGR of 2.30%, reaching USD28.8 billion by 2034 and USD22.9 billion by 2024. - https://www.futuremarketinsights.com/reports/specialty-films-market

The Bioplastics For Packaging Market is estimated to reach USD 11.6 billion in 2023. The market is projected to expand at 10.3% CAGR over the forecast period, to achieve USD 30.9 billion by 2033. - https://www.futuremarketinsights.com/reports/bioplastics-packaging-market

The global sales of plastic caps and closure are estimated to be worth USD 45.9 billion in 2025 and anticipated to reach a value of USD 64.7 billion by 2035. - https://www.futuremarketinsights.com/reports/plastic-caps-and-closures-market

The global PET Stretch Blow Molding Machines Market is set to gain a valuation of USD 760.0 Million in 2023 and is going to further expand at a CAGR of 2.9% from 2023 to 2033. - https://www.futuremarketinsights.com/reports/pet-stretch-blow-molding-machines-market

The gusseted bag market valuation is USD 4.4 billion in 2024. Growing sustainability trends have created huge growth in the packaging sector, ensuring prominence in the coming years, with an estimated value of USD 6.1 billion by 2034. - https://www.futuremarketinsights.com/reports/gusseted-bags-market

The Tissue Paper Converting Machine Market is valued at USD 1.30 billion in 2024 and is expected to reach USD 1.64 billion by 2034. The market is projected to exhibit a CAGR of 2.30% over the forecast period. - https://www.futuremarketinsights.com/reports/tissue-paper-converting-machines-market

Nylon films for liquid packaging, one such innovation getting increasingly popular, is also one of them. Investments by major packaging industries is set to take the market valuation to a substantial USD 432.5 million in 2024. - https://www.futuremarketinsights.com/reports/nylon-films-for-liquid-packaging-market

The pharmaceutical packaging market size is estimated to be worth USD 112.3 billion in 2025 and is anticipated to reach a value of USD 153.9 billion by 2035. - https://www.futuremarketinsights.com/reports/pharmaceutical-packaging-market

The Folding IBC market size is estimated to be worth USD 814.2 million in 2025 and is anticipated to reach a value of USD 1,228.60 million by 2035. - https://www.futuremarketinsights.com/reports/folding-intermediate-bulk-containers-ibc-market

The transport packaging market size is estimated to be worth USD 29.2 billion in 2025 and is anticipated to reach a value of USD 42.0 billion by 2035. - https://www.futuremarketinsights.com/reports/transport-packaging-market

𝐀𝐛𝐨𝐮𝐭 𝐅𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 (𝐅𝐌𝐈)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: [email protected]
Website: https://www.futuremarketinsights.com

Ankush Nikam
Future Market Insights, Inc.
+ +91 90966 84197
email us here
Visit us on social media:
Facebook
X
LinkedIn
YouTube

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.