PUBLISHER: Grand View Research | PRODUCT CODE: 1301218
PUBLISHER: Grand View Research | PRODUCT CODE: 1301218
The Latin America intermediate bulk container liner market size is expected to reach USD 87.8 million by 2030, expanding at a CAGR of 5.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. This growth is owing to the increasing demand for sustainable and customized packaging solutions in various application industries.
The region is witnessing an increased demand for sustainable and eco-friendly IBC liners in various application industries such as food & beverage, household products, and others owing to rising environmental concerns. Several packaging manufacturers are seeking packaging options that are recyclable, and have a lower environmental impact to meet the growing demand for sustainable intermediate bulk container liners. For instance, Grief, a packaging manufacturer, offers intermediate bulk container liners and outer containers made from paperboard, which is biodegradable and recyclable in nature, reducing the environmental impact, and promoting a circular economy.
Furthermore, application industries such as household products, food & beverages, and industrial liquids often require intermediate bulk container liners that can be customized to their specific needs, such as different capacities, materials, and design features. Flexibility in design and customization options allows these application industries to optimize their packaging solutions. For instance, Grief, an industrial packaging manufacturer, offers IBC containers with a wide range of customization options such as customization in pallets, liners, valves, and others.
The industry players are adopting several strategies including partnerships, new product launches, expansions, mergers & acquisitions, joint ventures, and partnership agreements to increase the customer base and individual market share. For instance, in October 2022, Sealed Air announced an expansion of its global footprints in Latin America by launching SEE Packforum, a new center in Brazil. This new center will witness the development of various bulk packaging solutions such as intermediate bulk container liners to cater to the food & beverage, and other application industries.
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