REPORT HIGHLIGHT
Flexible intermediate bulk container market size was valued at USD 5,301.6 Million in 2022, expanding at a CAGR of 6.8% from 2023 to 2030.
Flexible intermediate bulk containers (FIBC) are a form of bulk transporting packaging process that is constructed from foldable and flexible fabric materials woven together. These containers are excessively employed in the protection, storage, and transportation of dry contents and products. Moreover, these containers are well known to be recyclable, lightweight, and environmentally friendly. These products can be moved with the help of pallets fitted below them which makes them easier to handle and lift.
Flexible Intermediate Bulk Container Market - Market Dynamics:
- Demand for bulk packaging fuel the global FIBC market
- The rising demand for bulk packaging is driving the global flexible intermediate bulk container market. Numerous sectors including mining, agriculture, construction, and chemicals are likely to witness requirement for the transportation and storage of bulk materials and FIBCs offers an efficient and convenient solution. Moreover, the advantages of using FIBCs packaging solution additionally involve simple handling and transportation, as the presence of lifting straps or loops enable forklifts or cranes for efficient loading and unloading using machinery. As FIBCs are easy to stack which contributes to the improvements in logistical efficiency and maximization of storage space. However, limitations in handling hazardous materials are expected to obstruct the flexible intermediate bulk container market growth. Furthermore, FIBCs are considered to be environmentally friendly over traditional packaging materials, and raising awareness of environmental sustainability has led to their increased use. Additionally, they can be recycled and reusable which helps in minimizing waste as a result, diminishing the environmental impact of packaging.
Flexible Intermediate Bulk Container Market - Key Insights:
- As per the analysis shared by our research analyst, the global flexible intermediate bulk container market is estimated to grow annually at a CAGR of around 6.8% over the forecast period (2023-2030)
- The flexible intermediate bulk container industry is projected to grow at a significant rate due to the increasing demand for bulk packaging
- Based on grade segmentation, type A was predicted to show maximum market share in the year 2022
- In the packaging components technological advancement extend profitable opportunities to the flexible intermediate bulk container market
- The growth of the flexible intermediate bulk container market is increased by the expansion of the food and pharmaceutical industries
Flexible Intermediate Bulk Container Market- Segmentation Analysis:
- The global flexible intermediate bulk container market is segmented on the basis of grade, design, end user, and region.
- The market is divided into four categories based on grade: type A, type B, type C, type D, and others. The type A segment is likely to hold the largest market share. Type A is a common FIBC, which is designed from plain polypropylene or other non-conductive materials. Additionally, unlike other product types, it does not possess any electrical charge dissipative properties. These FIBCs are not used for moving any flammable materials like powder form of products.
- The market is divided into three categories based on design: circular woven bags, U-panel bags, and four-panel bags. The circular woven bags segment is expected to witness speedy growth. The circular woven bags are the selective type of FIBC that are woven using circular looms. These bags are ideal for their strength and durability, making them suitable for transporting and packaging bulk and heavy materials. They are commonly used in industries including agriculture.
- The market is divided into two categories based on end-users: oil & glass, pharmaceuticals, construction, food & chemicals, textiles, and others. The food & chemicals segment is accounted to possess the largest market share. Food & chemicals are the major end-user sector for the global FIBC market. In food processing companies and to manage agricultural products such as potatoes, grains, cereals, and rice, are largely utilized.
Flexible Intermediate Bulk Container Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Flexible Intermediate Bulk Container Market- Competitive Landscape:
The presence of both global and domestic players will increase the global flexible intermediate bulk container market. Moreover, the market is highly fragmented by market players as they are operating in the market and compete primarily based on pricing. The key players are involved in adopting strategies such as collaboration, innovative product launches, partnerships, and mergers & spending. The increase in international trade has contributed to an increased demand for bulk packaging solutions such as FIBCs. For instance, in November 2022, Ahmedabad-based Umasree Texplast partnered with Brazil's Packem to design Eco-Friendly FIBC Jumbo Bags.
Recent Developments:
For instance, in December 2022, New Water Capital announced an investment in the flexible intermediate bulk container (FIBC) sector. With the merger of Bulk Lift International LLC and Bagwell Supply Ltd. - two manufacturers, designers, and value-added distributors of FIBCs and complementary packaging products in North America.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL FLEXIBLE INTERMEDIATE BULK CONTAINER MARKET KEY PLAYERS
- Plastipak Group
- Global-Pak Inc.
- Intertape Polymer Group
- Bulk Handling Australia Group
- BAG Corp.
- Conitex Sonoco
- United Bags Inc.
- Rishi FIBC Solutions Pvt. Ltd.
- Flexipol Packaging Limited
- Greif Inc.
- LC Packaging
- Midwestern Bag & Supply
- Emmbi Industries Limited
- Halsted Corporation
- RDA Bulk Packaging Ltd.
- Sackmaker J&HM Dickson Ltd.
- Berry Global Inc.
- AmeriGlobe LLC
GLOBAL FLEXIBLE INTERMEDIATE BULK CONTAINER MARKET, BY GRADE
- Type A
- Type B
- Type C
- Type D
- Others
GLOBAL FLEXIBLE INTERMEDIATE BULK CONTAINER MARKET, BY DESIGN
- Circular Woven Bags
- U-Panel Bags
- Four-Panel Bags
GLOBAL FLEXIBLE INTERMEDIATE BULK CONTAINER MARKET, BY END USER
- Oil & Glass
- Pharmaceuticals
- Construction
- Food & Chemicals
- Textiles
- Others
GLOBAL FLEXIBLE INTERMEDIATE BULK CONTAINER MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA