Intermediate Bulk Containers Production in Nigeria; The Feasibility Report

Published - 26 Sep, 2023| Analyst - Foraminifera Market Research Limited| Code - FORA/07/2023/INTERMEDIATEBULKCONTAINERPRODUCTIONINNIGERIA/96564888

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An Intermediate Bulk Container (IBC) is a versatile and efficient packaging solution used in various industries for the storage and transportation of bulk liquids, powders, and granular materials. IBCs have gained popularity due to their standardized design, which ensures easy handling, storage, and shipping, while also minimizing environmental impact.

Intermediate Bulk Containers are designed to bridge the gap between traditional drums and large tanks, providing a balance between volume efficiency and ease of handling. These containers typically have a capacity ranging from two hundred to three thousand (200 to 3,000) liters (53 to 793 gallons), although variations in sizes and designs exist to cater to specific requirements.

Construction Materials: IBCs are constructed from a variety of materials, including plastic, steel, and composite materials. The choice of material depends on the intended contents and the regulatory requirements.

Inner Liner: Many IBCs come with an inner liner made from materials such as high-density polyethylene (HDPE) to ensure compatibility with the contents and prevent contamination. The liner can often be removed and replaced, allowing for easy cleaning and reuse.

Pallet Base: IBCs typically feature a sturdy pallet base that facilitates forklift or pallet jack handling. This design allows for efficient loading, unloading, and stacking, contributing to space optimization during storage and transportation.

Valve Systems: IBCs are equipped with various valve systems to control the flow of the contents during dispensing. These valves can be butterfly valves, ball valves, or other specialized designs, depending on the specific requirements of the contents.

Intermediate Bulk Containers find applications in a wide range of industries due to their versatility and ability to transport and store various types of bulk materials. Some common applications include:

Chemical Industry: IBCs are frequently used for transporting and storing chemicals, both hazardous and non-hazardous. Their robust construction and leak-proof design ensure the safety of workers and the environment.

Food and Beverage Industry: IBCs are employed to transport food ingredients, additives, and liquid products. They offer advantages such as hygiene, easy cleaning, and protection against contaminants.

Pharmaceuticals: In the pharmaceutical industry, IBCs are utilized for the transportation of raw materials, intermediates, and finished products. Their sealed design helps maintain product integrity and quality.

Agriculture: IBCs play a crucial role in the agricultural sector for storing and transporting fertilizers, pesticides, and other agricultural chemicals.

Cosmetics and Personal Care: IBCs are used to handle bulk quantities of cosmetic ingredients, ensuring efficient production processes. The adoption of Intermediate Bulk Containers offers several benefits to industries and businesses:

Cost Efficiency: IBCs allow for efficient use of storage space due to their stackable design. They also reduce the need for excessive packaging materials, contributing to cost savings.

Sustainability: IBCs are reusable and recyclable, promoting sustainability by reducing waste generation. Additionally, the efficient use of transportation space contributes to lower carbon emissions.

Product Protection: The robust construction and inner liners of IBCs safeguard the integrity and quality of the contents during transportation and storage.

Handling Efficiency: The pallet base and standardized dimensions make IBCs easy to handle with forklifts, pallet jacks, and other handling equipment. This results in reduced labor costs and quicker loading/unloading times.

The global intermediate bulk container market size was estimated at USD 13.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of five point two percent (5.2%) from 2022 to 2030. The factors attributed to drive the market are wide adoption in various industries and expanding global trade. However, volatile prices of IBC’s raw materials can impact the market growth to some extent.

The rising storage and industrial packaging storage market due to a growth in international trade and the rising demand for lucrative bulk packaging has raised the demand for IBC (Intermediate Bulk Containers) Market globally.

The factors like the production and financial benefits expanded from renting IBCs include capital savings and rental tax with improved inventory management are expected to enhancing the growth of the IBC (Intermediate Bulk Containers) Market.

Intermediate bulk container is mostly used in the food industry to store powdered ingredients, such as flour or dispense liquids, such as syrups or beverages. The large number of food-grade IBCs are made up of stainless steel, because it is easily clean and normally meets with food safety standards due to this increase the demand of Intermediate bulk container which are expected to drive the market growth rate.

Car mechanics and manufacturers normally use Intermediate bulk container (IBC) to store large quantities of gasoline, paint, oil and similar products. Many of these products are flammable and emit fumes, so manufacturers specifically designed this container to prevent leaks and be flame-retardant.

Moreover, some IBC firms offer specific nozzles and valves and nozzles which dispense specific quantities of a specific product.

The intermediate bulk containers (IBC) market is fascinating better growth opportunities on the benefit factor than other substitutes such as cylindrical drums. The increasing popularity of the intermediate bulk containers due to their harmless sustainable packaging process which will prove useful for the growth of the intermediate bulk container market significantly.

The increasing demand intermediate bulk containers in the petrochemical industry may also generate the strong growth rate for the intermediate bulk container market. Massive technological advancement and Rapid industrialization overall the globe is expected to create beneficial opportunities to the growth of the market.

This report is to examine the financial viability or otherwise of establishing an intermediate bulk container (IBC) plant in Nigeria.

Intermediate Bulk Containers (IBCs) have become an integral part of the global logistics and storage industry, providing a versatile and efficient solution for the transportation and storage of liquids, semi-solids, and other bulk materials.

The capacity of the proposed plant is six hundred (600) units per day of one thousand (1,000) litres storage capacity intermediate bulk container (IBC) and the plant would operate at eighty percent (80%) of the installed capacity working triple (3) shifts of eight (8) hours each in three hundred (300) day per annum producing twenty-four thousand (24,000) units of one thousand (1,000) litres of intermediate bulk container (IBC) bi-monthly.

Table of Contents

EXECUTIVE SUMMARY 1. Business Overview 1.1 Description of the Business 1.2 Vision and Mission Statement 1.3 Business Objective 1.4 Value Proposition 1.5 Critical Success Factor of the Business 1.6 Current Status of Business 1.7 Description of the Business Industry 1.8 Contribution to Local and National Economy 2. Marketing Plan 2.1 Description of product 2.2 Location 2.3 The Opportunity 2.4 Pricing Strategy 2.5 Target Market 2.6 Distribution and Delivery Strategy 2.7 Promotional Strategy 2.8 Competition 3. Technical Analysis 3.1 Description of the Location 3.2 Raw Materials 3.3 Production Technology / Equipment 3.4 Production Process 3.5 Production Cost 3.6 Stock Control Process 3.7 Pre-Operating activities and expenses 3.7.1 Operating Activities and Expenses 3.8 Project Implementation Schedule 4.0 Organizational and Management Plan 4.1 Ownership of the business 4.2 Profile of the promoters 4.3 Key Management Staff 4.3.1 Strategic Business Units 4.3.2 Management Support Units 4.4 Details of salary schedule 5. Financial Plan 5.1 Financial Assumption 5.2 Start- up Capital Estimation 5.3 Source of Capital 5.4 Security of Loan 5.5 Loan Repayment Plan 5.6 Financial Projections 6.0 Business Risk and Mitigation Factor 6.1 Business Risks 6.2 SWOT Analysis

Project Specification:

Plant Capacity: Six hundred (600) units per day of one thousand (1,000) litres storage capacity intermediate bulk container (IBC)
Capacity Utilization: Eighty percent (80%)
Loan Tenor: Sixty (60) Months
Interest Rate: Twenty-five (25) percent
Moratorium: Twelve (12) months

Additional Info

Report Type: feasibility report
Formats of Delivery:
No. of Pages: MS Word – 55 Pages and Excel Spreadsheet – 6 Pages
Publisher: Foraminifera Market Research Limited
Price: ₦350,000
Release Date: 26 Sep, 2023 Updated quarterly.
Language: English
Delivery time: Within twenty-four (24) hours.

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