Flexible Intermediate Bulk Container Market Report

It has been observed that Flexible Intermediate Bulk Containers (FIBCs) are taking over the bulk packaging industry at a significant rate. FIBCs offer an economical and convenient packaging solution for handling, transporting, and storing dry flowable products. These containers find application in various industries for the storage and shipping of pharmaceuticals, chemicals, minerals, agricultural products, and various food products. They are available in different sizes, shapes, capacity, and specifications according to the product that needs to be packed. Manufacturers are increasingly investing in R&D to develop high-performing products.

Manufacturers to Use Bio-based Raw Materials to Manufacture FIBCs

The report has mapped the key manufacturers of Flexible Intermediate Bulk Container comprising RDA Bulk Packaging, Global-Pak, BAG Corp, Emmbi Industries, AmeriGlobe, Langston, Sackmaker, Wellknit, Berry Plastics, Isbir, Conitex Sonoco, LC Packaging, Flexi-tuff, Lasheen Group, Rishi FIBC, Intertape Polymer, MiniBulk, Changfeng Bulk, Greif, Taihua Group, Yantai Haiwan, Halsted, Shenzhen Riversky, Dongxing, Kanpur Plastipack, Bulk Lift, and Yixing Huafu.

For instance, one of the key manufacturers, Global-Pak has recently taken an initiative to use eco-friendly and recycled materials to manufacture FIBCs with an aim to reduce the overall wastage and reduce carbon footprint.

Widespread Application of FIBCs to Accelerate Market Growth

Increasing application of FIBCs across various end-use industries for easy handling and storage of products is one of the key reasons behind the growth of the Flexible Intermediate Bulk Container market. Surge in the need to lower the weight of the bulk packaging is driving the demand for FIBCs in various industries, especially food and pharmaceutical. Need for sustainability is likely to emerge as a key trend in the Flexible Intermediate Bulk Container market, thus positively impacting the Flexible Intermediate Bulk Container market growth.

On the other hand, fluctuation in the raw material cost and exposure to environmental hazards may hamper the Flexible Intermediate Bulk Container market growth.

Market Segmentation

By Product Type

●  Type A FIBCs

●  Type B FIBCs

●  Type C FIBCs

●   Type D FIBCs

By End User

●  Chemical Industry

●  Food Industry

●  Pharmaceutical Industry

●  Others

The market experts have analysed that the demand for Type A FIBCs may increase in the years to come owing to their lower costs in comparison to other products and widespread availability. On the other hand, Type D FIBCs are likely to gain traction due to their suitability to carry flammable materials. Application of Flexible Intermediate Bulk Container is likely to witness a surge in the food industry to handle agricultural products like potatoes, grains, rice, and cereals. Usage of Flexible Intermediate Bulk Containers is increasing in the chemical industry for handling PET, PTA, alloys, steel, carbon black, and various minerals.

By Region

Huge adoption of Flexible Intermediate Bulk Containers by the manufacturing and chemical industries could support the Flexible Intermediate Bulk Container market growth in North America. Moreover, due to low production costs, manufacturers across the globe are shifting their manufacturing base to India and China, which is offering growth opportunities for the Asia Pacific Flexible Intermediate Bulk Container market. MEA is also not lagging behind on account of growing building and construction sector, which is eventually giving rise to the demand for Flexible Intermediate Bulk Containers.

Packaging is an indispensable part of every industry. It ensures protection of the product and even extends shelf life of the packaged items. Through the years, the packaging industry has undergone massive changes. From development of better, sturdier materials to changing outlooks toward designing environment-friendly materials, the packaging industry has witnessed some noteworthy changes.

The research reports on the packaging industry discuss the evolution of materials and the impact of changing consumer needs. Packaging solutions have constantly adopted newer technologies for providing consumers with safer perishables and keeping the products intact until delivered. Analysts have taken a granular view at the booming e-commerce sector and its influence on the packaging industry. We aim to provide the readers an in-depth and a comprehensive analysis of the packaging industry. Intricacies pertaining to food safety, environmental norms, and research and development of materials have been studied by analysts with a focused approach.