Many factors are involved when a business considers whether it would be best to rent intermediate bulk containers (IBCs), or to purchase the needed stainless steel IBCs. Different business scenarios present different potentials, and the rent vs. buy decision can depend much on the position of the company's financial goals, and on the stability of the company's production or manufacturing volume.
Both renting and buying have their pros and cons. The following list of questions are helpful in offering foresight when determining which path may be best for your industrial or manufacturing needs:
From foods to fragrances to household products and toiletries, the flavor and fragrance industry continues to skyrocket, despite the consumer trend towards natural, organic, and simple living. According to a CNBC retail report, the flavor and fragrance industry amounts to a nearly $25 billion industry sector, with a predicted growth of over 4% through 2017.
The US flavor and fragrance industry is experiencing sustained growth as analysts predict many companies will begin expanding production and increasing capacity to keep up with increasing consumer demand. Globally, the market sector is expected to exceed $57.4 billion by the year 2025, according to BusinessWire.com.
The most common size for stainless steel IBCs is 350-gallon capacity. This capacity provides the most cost efficient use of material and easily double stacks in common over-the-road trailers. The standard 350-gallon tote tank dimension is 42” x 48” base with an overall height of 47”. The stainless steel 350-gallon IBC Tote Tanks has the same base dimension as a pallet, but can hold more than SIX 55-gallon drums!
The stainless steel Intermediate bulk container(IBC) is a reusable container designed for the storage and transport of bulk liquids. It has many features that make filling, discharging and transporting the container a superior packaging product over the use of drums.
Stainless steel tote tanks that are certified to UN/DOT standards are required to be tested every 30 months. An IBC without a valid test certificate cannot be used for the transportation of regulated products. To maintain the UN/DOT compliance, the Intermediate Bulk Container (IBC) owner should follow a regular inspection program and carefully document all testing procedures and the associated results.
The responsibility for ensuring that stainless steel tote tanks (IBCs) are properly closed lies with the shipper. When an intermediate bulk container is filled and is ready to leave a facility, the shipper must be sure that the packaging complies with all regulations for properly closing the container. The Department of Transportation (49 CFR178.2(c)) states that closing instructions must be provided by the manufacturer to whomever a package is being transferred.
Even in these modern times, the liquid packaging industry maintains its standing as the most efficient and cost effective method of transportation services. With that, proven traditional methods of shipping are hard to change because of the long term success. Keeping a watchful eye on possible improvements can help you help your customers benefit from newer and better shipping methods.
Customers looking for a stainless steel IBC lid gasket often want solid protection for their products in stainless steel IBC tanks. The choice you make in getting the right (or wrong) gasket can impact the safety of your product. This is why you must take special consideration in choosing and installing your IBC gaskets.
5 Top Benefits of Renting Stainless Steel Tote Tanks