Asia Pacific Intermediate Bulk Container Liner Market Size, Share & Trends Analysis Report By Capacity, By Application (Food & Beverage, Industrial Liquids, Household Products), By Country, And Segment Forecasts, 2023 - 2030

Report Overview

The Asia Pacific intermediate bulk container liner market size was valued at USD 163.29 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. The growth in urbanization and rising manufacturing activities across the region is expected to fuel the market demand over the forecast period. Container liner are essentially a form of bulk packaging designed mainly for moving bulk cargo inside of a container. Furthermore, its ability to reduce the need for container cleaning, reusable nature, cost-effectiveness, and ability to avoid product contamination drive market demand. In addition, the growing transportation, international trade and shipment activities in the developing countries such as China, India, and Japan is expected to create demand for bulk packaging in the automotive industry resulting in the growth of intermediate bulk container liner market in the coming years.

The rise in import and export of vegetable oils in the country is expected to drive the market for intermediate bulk container liner market over the forecast period. The increasing usage of bulk container liner packaging in various industries such as barrels, tank containers, and drums owing to their high efficiency and low cost is propelling the demand for market in the country.

Logistics and cross-border commerce offer promising growth opportunities. Many infrastructure projects are being launched to integrate the overall system and link the global economy through efforts in transportation, energy, and telecommunications. During the projected period, the market is expected to generate lucrative opportunities for the global industrial packaging market, thereby assisting the growth of the regional intermediate bulk container liner market.

Furthermore, many manufacturers such as Shanghai Metal Corporation, China International Marine Containers (Group) Co., Ltd, and COSCO SHIPPING Lines Co., Ltd. use plastic as a raw material in the development of a favorable product in order to enhance the durability and reliability of the product. There is an increase in demand for plastic-based containers to transport dangerous goods such as explosive, toxic, flammable, and hazardous products, which is also anticipated to drive the intermediate bulk container liner market in the coming years.

Capacity Insights

Based on capacity, the Asia Pacific intermediate bulk liner market is segmented into 1,000 liters and above 1000 liters. The above 1000 liters capacity segment plays a major role in the growth of the Asia Pacific intermediate bulk liner market and accounts for the maximum revenue share. In addition, factors such as growing food and agriculture industry in India owing to the rising demand for packaging solutions in bulk containers of above 1000 liters capacity.

Growing population resulting in the rise in the consumption of foods in the region along with the favorable regulations is expected to create demand for the hygienic and durable packaging solutions in intermediate bulk container liner, hence boosting the market in the country over the forecast period.

Application Insights

Based on application, the Asia Pacific intermediate bulk container liner market is segmented into food and beverage, industrial liquids, and household products. The food and beverage application segment plays a major role in the growth of the market and accounts for the maximum revenue share of over 65.0%. In addition, factors such as rising health concerns among older population and disposable income in the developing countries such as Japan, Australia, and others are expected to drive the demand for hygienic packaging solutions in intermediate bulk container liner market in Asia Pacific.

Improved lifestyle, growing awareness, and higher disposable income about healthier products have resulted in a heightened demand for food and beverage products. Introduction of such packaging solutions along with increasing usage of bulk containers for the ease of transportation of export & imports of food items is expected to boost the market in the coming years.

Country Insights

China dominated the Asia Pacific intermediate bulk liner market and is expected to grow at the fastest rate over the forecast period. Growing food and beverage market in the country is expected to have a positive impact on the Asia Pacific intermediate bulk container liner market growth over the forecast period. Increasing industrialization in the country coupled with the rising adoption and transportation of packaged food and beverage products in large amount in the region is expected to propel demand over the forecast period.

Household products emerged as another major segment owing to the introduction of eco cleaning household products. The household products packed in the IBC liner include liquid detergent, floor cleaners, surfactants, and liquid soaps & hand wash among others. The liquid detergent is gaining popularity over the powder detergents due to their ability to be applied directly on clothes without the need to be mixed with the water, thus driving its demand. This in turn can fuel the requirement of IBC liner for packaging quantities of liquid detergents for transportation to the packaging sites.

The demand for Asia Pacific intermediate bulk container liner in India is expected to grow owing to the growth of the product in the agriculture and food and beverage industry. Changing consumption patterns of the consumers, high levels of urbanization coupled with increasing popularity of such packaging is expected to increase market growth over the forecast period. Increasing investments in R&D by the packaging manufacturers to enable the incorporation of new features including shape, size, features is likely to increase the demand for the intermediate bulk container liner in this region over the forecast period.

The presence of major industrial, food & beverage, and consumer goods products manufacturer including AkzoNobel NV, Baker Hughes, ELL Environmental Holdings; Henan QI’E Grain and Oil Machinery CO., LTD, Coca-Cola India Private Limited, Nestlé India Limited, in this region is expected to propel the growth of intermediate bulk liner over the forecast period.

Key Companies & Market Share Insights

Major players are continuously working ondeveloping polymers owing to the rising demand for IBC liner packaging from several applications including alcoholic beverages, household products, and others.

A majority of the global companies are expected to increase their polymer offerings to Australia, China, India, Japan, and Malaysia owing to high market growth potential in these regions given the expansion of the intermediate bulk container liner market. For Instance, In February 2022, SIG announced its decision to acquire Scholle IPN for USD 1.54 billion (EUR 1.36 billion). Scholle IPN and SIG have many similarities in terms of product offerings including bag in box and IBC liner among others, this acquisition will strengthen SIG's presence in the Asia Pacific IBC liner market. Some of the prominent players operating in the Asia Pacific intermediate bulk container liner market include:

• Steripac Asia

• Bycom Industries Pte. Ltd

• Mulitpac Systems

• SBH Solutions

• ILC Dover LP

• Flexbo (TianJin) Logistic System Hi-Tech Co.,Ltd.

• Qingdao LAF Packaging Co. Ltd

• Qingdao Jierong Packaging Co., Ltd.

• CHEP

• Changzhou Hailida Packaging Co., LTD

Asia Pacific Intermediate Bulk Container Liner Market Report Scope

Asia Pacific Intermediate Bulk Container Liner Market Report Segmentation

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Asia Pacific intermediate bulk container liner market report based on capacity, application and region:

• Capacity Outlook (Revenue, USD Million, 2018 - 2030)

  • Upto 1,000 liters

  • Above 1000 liters

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Food & Beverage

    • Alcoholic Beverages

    • Non-Alcoholic Beverages

    • Others

  • Industrial Liquids

  • Household Products

• Country Outlook (Revenue, USD Million, 2018 - 2030)

  • China

  • India

  • Japan

  • Australia

  • Malaysia

  • Thailand