The food and beverage, as well as the chemical sectors, are foreseen to boost the intermediate bulk container market. The main considerations potentially triggering the overall market size over the forecast period is augmenting flexitank requirement in bulk non-hazardous chemicals and food additives transportation. The utilization of intermediate bulk containers is increasing in the global industrial packaging business, which may be linked to the cost-effectiveness and convenience of management that it offers. This aspect is projected to improve IBC liners sales. IBC liners make it easier to retrieve material and retain the IBC sanitary. IBC demand is related to manufacturing and export activity. Countries with greater manufacturing capabilities have a larger need for IBCs, which immediately corresponds to a stronger need for IBC liners. As a result, there has been a significant expansion in demand for bulk container packaging solutions, which has fueled the expansion of the IBC liners market.
The expense of IBC liners is substantially lower than the cost of refurbishing IBCs, which assists producers in lowering total production costs. This has contributed to the expansion of IBC liners. IBC Liners are pioneering the route for cost reduction in the bulk packaging landscape. Logistics and cross-border trade provide lucrative growth prospects. Many infrastructure projects are being launched in order to integrate the overall system and connect the global economy via transportation, energy, and telecommunications initiatives. During the projected period, the project is likely to create lucrative prospects for the worldwide industrial packaging market, hence assisting the expansion of the global IBC liners market.
Because the pricing kinetics of bulk container liners, flexitanks, and flexible intermediate bulk containers (FIBC) are as volatile as those of petrochemical associated goods including polypropylene (PP) or polyethylene (PE), the sector pursues a comparable pattern. Varying petrochemical costs could impede commodity market patterns. However, rising demand for oil, drinks such as wine and beer, and fruit juices in BRIC countries would dramatically fuel market growth throughout the forecast period.
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