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The United States stainless steel IBC market value is expected to grow at a CAGR of 2.3% during the forecast period of 2024-2032.
United States Stainless Steel IBC Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | XX |
Market Size 2032 | USD Million | XX |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 2.3% |
CAGR 2024-2032 - Market by Region | Far West | 2.7% |
CAGR 2024-2032 - Market by Region | Rocky Mountain | 2.5% |
CAGR 2024-2032 - Market by Application | Food & Beverage | 2.5% |
CAGR 2024-2032 - Market by End User | Manufacturing | 2.6% |
Market Share by Region | New England | XX% |
The rising number of chemical, food and beverage, and pharmaceutical companies in the United States is leading to an increasing adoption of stainless steel intermediate bulk containers (IBCs) as they can store and transport various sensitive and hazardous materials. In November 2021, Metano IBC services, a leading IBC rental company of New Jersey was acquired by Precision IBC, Inc. This acquisition strengthened Precision’s position in Northeast US and provided tailored IBC solutions across various industries.
Moreover, manufacturers in the country are investing in tech-advanced packaging solutions like smart packaging containers or IoT, sensors, or RFID-enabled IBCs to cater to the demand for sustainable packaging. This trend in the United States stainless steel IBC market is surging the use of reusable and more durable stainless steel IBCs.
Also, the mandatory regulations on transportation of toxic or hazardous chemicals in the US are making stainless steel IBCs more attractive due to their ability to provide higher safety. As per market analysis, Hoover CS, a leading supplier of bulk containers, offers stainless steel IBCs designed for the eco-friendly transportation of chemicals.
CAGR 2024-2032 - Market by | Application |
Food & Beverage | 2.5% |
Chemicals | 2.4% |
Pharmaceuticals | 2.2% |
Others | 2.1% |
CAGR 2024-2032 - Market by | End User |
Manufacturing | 2.6% |
Logistics | 2.4% |
Others | 2.2% |
The Far West region is expected to lead with the highest compound annual growth rate (CAGR) of 2.7%, followed by the Rocky Mountain region at 2.5%. The Southwest and Southeast regions will also see significant growth with CAGRs of 2.4% and 2.3%, respectively. Other regions, including New England (2.1%), the Mideast (2.0%), the Plains (1.8%), and the Great Lakes (1.7%), will contribute to the overall growth of the North America stainless steel IBC market, which has a global average CAGR of 2.3%.
CAGR 2024-2032 - Market by | Region |
Far West | 2.7% |
Rocky Mountain | 2.5% |
Southwest | 2.4% |
Southeast | 2.3% |
New England | 2.1% |
Mideast | 2.0% |
Plains | 1.8% |
Great Lakes | 1.7% |
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States stainless steel IBC market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States stainless steel IBC industry.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States stainless steel IBC market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States stainless steel IBC market landscape.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Capacity |
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Breakup by Application |
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Breakup by End-User |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 United States Stainless Steel IBC Market Analysis
8.1 Key Industry Highlights
8.2 United States Stainless Steel IBC Historical Market (2018-2023)
8.3 United States Stainless Steel IBC Market Forecast (2024-2032)
9 United States Stainless Steel IBC Market by Capacity
9.1 Up to 500 Liters
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 501 to 1000 Liters
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Above 1000 Liters
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Others
10 United States Stainless Steel IBC Market by Application
10.1 Food & Beverage
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Chemicals
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Pharmaceuticals
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 United States Stainless Steel IBC Market by End-User
11.1 Manufacturing
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Logistics
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Others
12 United States Stainless Steel IBC Market by Region
12.1 New England
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Mideast
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Great Lakes
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Plains
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Southeast
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Southwest
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Rocky Mountain
12.7.1 Historical Trend (2018-2023)
12.7.2 Forecast Trend (2024-2032)
12.8 Far West
12.8.1 Historical Trend (2018-2023)
12.8.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Hoover Ferguson Group
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Thielmann
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Precision IBC, Inc.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Sharpsville Container Corporation
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Others
15 Key Trends and Developments in the Market
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