News
2023/5/24
Intermediate Bulk Container Global Market Report 2023: Rising Wine Trade Worldwide Bolsters Growth
DUBLIN, May 23, 2023 -- The "Intermediate Bulk Container Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the market.
The global intermediate bulk container market grew from $2.95 billion in 2022 to $3.29 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The intermediate bulk container market is expected to grow to $4.65 billion in 2027 at a CAGR of 9.0%.
Major players in the intermediate bulk container market are Berry Global Group Inc., DS Smith, Greif Flexible Products and Services, BWAY Corporation, LC Packaging International BV, MAUSER Corporate GmbH, Plymouth Industries LLC, Arlington Packaging Limited, Qingdao LAF Packaging Co. Ltd., Buscherhoff Spezialverpackung GmbH & Co. KG, RDA Bulk Packaging Ltd., Gaoqing Anthente Container Package Company Limited, CorrPak Bulk Packaging, Environmental Packaging Technologies Inc. and Ven Pack.
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The intermediate bulk container (IBC) market consists of sales of wooden pallet IBC, composite pallet IBC, and steel pallet IBC. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The intermediate bulk container (IBC) refers to a pallet-mounted, industrial-grade reusable container that is used for storing and transporting bulk liquids, pastes, and solids. It is called intermediate due to its size which is bigger than a drum but smaller than a tank. The hard outer container is usually made from galvanized tubular steel or iron, while the inner containers are often made from plastic such as polyethylene or high-density polyethylene (HDPE).
North America was the largest region in the intermediate bulk container market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in intermediate bulk container market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The main types of intermediate bulk containers are rigid IBC and flexible IBC. The rigid intermediate bulk containers (RIBC) are made up of plastic, metal cages, and a spout for convenient material dumping. RIBCs are utilized in a variety of industries, including disaster relief, construction, and food delivery, to carry liquids with minimum loss of containment and reusable properties. The different grades include type A, type B, type C, type D, and food grade and involve various materials such as plastic, and metal. It is used by various sectors including chemical, pharmaceutical, food and beverage, and others.
The rising wine trade across the globe is expected to propel the growth of the intermediate bulk container market going forward. The increasing consumption of wine, especially during a celebration in many countries is increasing the demand for wine and its trade. Plastic intermediate bulk containers are mostly used to carry liquids, such as wine or fuel. The intermediate bulk containers are one of the most cost-effective solutions and can be utilized safely in a variety of sectors.
For instance, according to Forbes, an American business magazine, in terms of value, the international wine trade climbed by 21% in the first semester of 2021 compared to the previous year. The main driver is trading in sparkling wine, which is up 26% in 2020, and the value of bottled wine climbed by 12% in 2020. As a result, the growing wine trade around the world is propelling the growth of the intermediate bulk container market.
Technological advancement is a key trend gaining popularity in the intermediate bulk container market. Major companies operating in the intermediate bulk container sector are focused on developing a new technological solution to meet consumer demand and strengthen their position.
The countries covered in the intermediate bulk container market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Key Topics Covered:
1. Executive Summary
2. Intermediate Bulk Container Market Characteristics
3. Intermediate Bulk Container Market Trends And Strategies
4. Intermediate Bulk Container Market - Macro Economic Scenario
4.1 COVID-19 Impact On Intermediate Bulk Container Market
4.2 Ukraine-Russia War Impact On Intermediate Bulk Container Market
4.3 Impact Of High Inflation On Intermediate Bulk Container Market
5. Intermediate Bulk Container Market Size And Growth
5.1. Global Intermediate Bulk Container Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Intermediate Bulk Container Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Intermediate Bulk Container Market Segmentation
6.1. Global Intermediate Bulk Container Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Rigid IBC
- Flexible IBC
6.2. Global Intermediate Bulk Container Market, Segmentation By Grade, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Type A
- Type B
- Type C
- Type D
- Food Grade
6.3. Global Intermediate Bulk Container Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Plastic
- Metal
6.4. Global Intermediate Bulk Container Market, Segmentation By End-user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Chemical
- Pharmaceutical
- Food And Beverage
- Others
7. Intermediate Bulk Container Market Regional And Country Analysis
7.1. Global Intermediate Bulk Container Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Intermediate Bulk Container Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/ckz79f
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DALLAS, April 19, 2023 -- In celebration of the highest holiday, Wingstop is introducing the "Wingstop Hot Box" – the newest menu item, sure to curb even the craziest case of the munchies. Available April 20-23, 2023 in restaurants nationwide, the limited-time menu innovation satisfies the most-craved munchie hankerings, tingling taste buds with spicy, cheesy, salty and natural herb flavors.
Fans can choose between a Wingstop Chicken Sandwich, 8-piece boneless or classic wings, or 3-piece tenders, which come hand sauced-and-tossed in a spicy, cheesy dry rub. Together, the cooked-to-order chicken and bed of fries come drizzled in a spicy lit ranch, topped with hot cheese puff dust and a natural herb seasoning, with an ice-cold 20 oz. drink and side of ranch for an amplified flavor experience. The Wingstop Hot Box ranges from $8.99 to $13.99 depending on protein selection.*
"It's no secret that our fans celebrate this holiday with Wingstop in hand," said Michael Skipworth, Wingstop's President & CEO. "We're serious about serving flavor and 4/20 is no exception. This year, we're going the extra mile with the specially-made Wingstop Hot Box with amped up flavor to accompany – or enhance – fans' holiday celebrations."
The Wingstop Hot Box can be ordered on Wingstop.com or the Wingstop app.
*Pricing on the Wingstop Hot Box varies based upon selected protein; Chicken Sandwich ($8.99), tenders ($10.99), boneless wings ($12.99), and classic wings ($13.99).
About Wingstop
Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING) operates and franchises more than 1,950 locations worldwide. The Wing Experts are dedicated to Serving the World Flavor through an unparalleled guest experience and use of a best-in-class technology platform, all while offering classic and boneless wings, tenders, and chicken sandwiches, always cooked to order and hand sauced-and-tossed in fans' choice of 11 bold, distinctive flavors. Wingstop's menu also features signature sides including fresh-cut, seasoned fries and freshly-made ranch and bleu cheese dips.
In fiscal year 2022, Wingstop's system-wide sales increased 16.8% to approximately $2.7 billion, marking the 19th consecutive year of same store sales growth. With a vision of becoming a Top 10 Global Restaurant Brand, our system is comprised of independent franchisees, or brand partners, who account for approximately 98% of Wingstop's total restaurant count of 1,959 as of December 31, 2022.
A key to this business success and consumer fandom stems from The Wingstop Way, which includes a core value system of being Authentic, Entrepreneurial, Service-minded, and Fun. The Wingstop Way extends to the brand's environmental, social and governance platform as Wingstop seeks to provide value to all stakeholders.
Rounding out a strong year in 2022, the Company made Technomic 500's "Fastest Growing Franchise" list, was ranked #16 on Entrepreneur Magazine's "Franchise 500," won Fast Casual's Excellence in Food Safety award, and was named to Fast Company's "The World's Most Innovative Companies" list ranking #4 in the dining category. For more information visit www.wingstop.com or www.wingstop.com/own-a-wingstop and follow @Wingstop on Twitter, Instagram, Facebook, and TikTok. Learn more about Wingstop's involvement in its local communities at www.wingstopcharities.org.
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