The global IBC tanks market is expected to increase from USD 17.07 billion in 2025 to USD 27.21 billion by 2034, growing at a CAGR of 5.32% throughout the forecast period from 2025 to 2034.
Recent Developments by Key Market Players
- In April 2024, Greif announced the opening of a new manufacturing facility that will be located in Malaysia for Intermediate Bulk Containers (IBCs). This calculated action was done to increase Greifs global presence and improve its IBC services for clients all over the world. Greif hopes to provide a more effective, adaptable, and ecological alternative to early-generation IBC steel pallets with modern technologies like the GCube IBC Hybrid Pallet.
- In March 2024, Mauser Packaging Solutions and RIKUTEC PACKAGING formed an exclusive agreement to produce and promote sustainable IBC solutions on a global scale. Through this strategic partnership, Mauser Packaging Solutions will be able to offer RIKUTEC PACKAGING IBC solutions. Both companies are eager to introduce a brand-new, best-in-class, robust, heavy-duty, 1,000-liter IBC. The new Mauser Poly IBC MT Series, made with recycled plastic components and specifically intended for multi-trip usage, completely satisfies CO2 emission regulations while reducing the need for single-use packaging, adding a new dimension to our customers circular economy strategy.
IBC Tanks Market Key Players
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