The market demand for IBC tons and barrels continues to grow, and there are development opportunities for the industry in the short term.

IBC ton barrel is a modern intermediate bulk container for storing and transporting liquids. The IBC ton barrel is mainly composed of an inner container and a metal frame, where the inner container is made of HDPE. The plastic and steel materials used in IBC tonnage barrels are about 65% of those of plastic barrels of the same volume, but the transportation and loading efficiency is about 16% higher than that of ordinary plastic barrels. Due to its advantages such as high strength and strong corrosion resistance, IBC ton barrels are currently in high demand in the field of chemical product transportation.

IBC ton barrels can hold Class II and III dangerous goods. The current IBC ton barrel specifications in the market mainly include 820L and 1000L. IBC tonnage barrels are the mainstream liquid packaging containers in the world due to their advantages of corrosion resistance, creep resistance, high space utilization, and ease of use. They are mainly used in the packaging of pharmaceuticals, chemicals, coatings and other products.

Based on the IBC ton barrel application market analysis, the storage and transportation of chemical products currently occupies the main market, accounting for about 80%. IBC barrels can also be used for the storage of petroleum products, accounting for 15% in this field. IBC tonnage barrels can be used in the food field, but the product requirements are higher. Currently, the application demand is small, accounting for about 2%.

According to the “China IBC Ton and Barrel Industry Market Supply and Demand Status and Development Trend Forecast Report 2021-2025” released by the Industrial Research Center, Due to the strong market demand for IBC tons of barrels and high profits, the industry has developed rapidly in the past few years, and the output needs to increase. The current output of IBC tons of barrels in my country is around 2.25 million. There are a large number of IBC ton barrel manufacturers in China, currently there are more than 580, mainly concentrated in Shandong, Zhejiang and other places. At present, the main IBC barrel manufacturers in the domestic market include Century Hengtai Fu Plastic, Changzhou Industrial Packaging Containers, Schucht Containers, Greif Flexible Packaging and other enterprises. Among them, Century Hengtai Fu Plastic is the largest IBC barrel manufacturer in China. , with an annual output of approximately 550,000 pieces.

The IBC ton barrel industry is in a stage of rapid development. Driven by the transportation and storage needs of terminal chemical products, my country’s IBC ton barrel production may continue to rise, reaching 2.8 million in 2025 and approximately 3.25 million in 2030. Taking into account the growth of market demand and the increase in market competition, the growth rate of IBC ton barrel production will gradually slow down in the future. From 2025 to 2030, the growth rate of IBC ton barrel production will be approximately 3.1%. The IBC ton and barrel industry has good development prospects, so the number of companies in the market will continue to grow in the future, and market competition will become increasingly fierce in the future.

Industrial analysts said that IBC barrels are used in the storage and transportation of chemical products and are affected by the development of the global and Chinese chemical industries. The market demand for IBC tons and barrels continues to rise, and the industry has good development prospects. In terms of production, due to the high profits of the IBC ton barrel industry, it attracts many companies to deploy. There are currently a large number of companies in the market and competition is fierce. In the short term, IBC ton barrel production companies and output will still show a growth trend; in the long term, as supply and demand tend to balance, competition becomes more intense, and the living space of some small production companies is compressed and they gradually withdraw from the market.