US Stainless Steel IBC’s Market Research Report Information by Capacity (Up to 1,000 Ltrs, 1,001 to 1,500 Ltrs, 1,501 to 2,000 Ltrs and Above 2,000 Ltrs), By End-user (Industrial Chemicals, Petroleum & Lubricants, Food & Beverages, Construction, Pharmaceutical, and Others), And by Region (North America, South America, Europe, Asia Pacific, And Middle East & Africa) –Market Forecast Till 2032

The utilization of Stainless Steel IBCs conforming to United Nations or U.S. Department of Transportation certifications is poised to mitigate risks associated with the transportation of liquid products, leading to a substantial surge in sales within various industries. The United States is anticipated to maintain its leading position in the global Stainless Steel IBC market throughout the assessment period. According to the U.S. Department of Energy's Office of Energy Efficiency & Renewable Energy, the U.S. stands as the top global producer of chemicals, contributing to a significant 1/5th share of the world's chemical production. Moreover, a report from BASF forecasts a year-over-year growth of 4.5% in chemical production in the U.S. for the years 2021-2022. This surge is primarily attributed to the robust demand for chemicals from key sectors such as automotive, energy, and consumer goods, consequently driving the market for Stainless Steel IBCs. The bulk transportation of these chemicals amplifies the demand for Stainless Steel IBCs, particularly in the U.S.

Safety regulations, notably outlined in Section 416 of the Food and Drug Administration (FDA), mandate that delivery services ensure medicines and agricultural produce are not transported under conditions that may compromise product integrity. These stringent regulations contribute to the growing market for durable, hygienic, and secure packaging solutions for drugs and agriculture, with a notable shift towards Stainless Steel IBCs in the U.S.

The chemical industry emerges as a major consumer of stainless-steel IBCs in North America, with these containers being instrumental in the transportation and storage of various chemicals and hazardous materials. Simultaneously, the food and beverage industry heavily relies on stainless steel IBCs for the storage and transportation of food products, meeting the regulatory standards set by the FDA and USDA for food contact.

The pharmaceutical sector also significantly contributes to the growth of the North American stainless steel IBCs market, where these containers play a crucial role in storing and transporting sensitive drugs and vaccines. Geographically, the United States is expected to dominate the market for stainless steel IBCs in North America, primarily due to the presence of a large number of chemical, food and beverage, and pharmaceutical companies.

In essence, the adherence to stringent certifications, coupled with the ever-growing demand for secure transportation and storage of chemicals, pharmaceuticals, and food products, positions Stainless Steel IBCs as a vital solution in the North American market. The robust chemical production landscape in the U.S., stringent safety regulations, and the need for durable and hygienic packaging solutions collectively propel the continued growth of the Stainless Steel IBC market in the region.