According to the latest report by IMARC Group, titled “Flexible Intermediate Bulk Container Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global flexible intermediate bulk container market grew at a CAGR of around 6% during 2021-2026
Flexible intermediate bulk containers (FIBC) are industrial packaging materials made up of flexible and foldable woven fabric, most commonly polypropylene (PP). They are used to significantly lower the overall weight of the bulk packaging due to their negligible weight. Also known as bulk bags, they are usually large, cubic and bendable in nature while having the capacity to hold over 500 kg of weight. They are designed to store and transport dry and flowable, as well as semi-liquid products in an efficient manner. As a result, they are widely used for storing grains, seeds, clays, salts, rubber, chemicals, petrochemicals, sand, cement and food products. They are also cost-efficient and easy to handle due to which they are extensively utilized across a vast array of industry verticals, such as mining, agriculture, transportation, pharmaceuticals and manufacturing sectors.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Flexible Intermediate Bulk Container Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Bag Corp., Berry Global Inc., Bulk Lift International LLC, Global-Pak Inc., Greif Inc., Isbir Sentetik Dokuma Sanayi A.S., Langston Companies Inc., LC Packaging International BV, Plastipak Group and Rishi FIBC Solutions PVT. Ltd.
The report has segmented the market on the basis on region, product and end use industry.
Breakup by Product:
- Type A
- Type B
- Type C
- Type D
Breakup by End Use Industry:
- Food
- Chemicals
- Pharmaceuticals
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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