The latest research study “FIBC (flexible intermediate bulk container) market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global flexible intermediate bulk container market size reached a value of US$ 4.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2027, exhibiting a CAGR of 5.3% during 2022-2027.
Covid-19 Impact:
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.
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Industry Definition and Application:
Four-panel, circular, u-panel and baffle bags are some of thecommonly used FIBCs. These bags are lightweight, environment friendly, and recyclable and can be easily transported with the assistance of a pallet jack or forklift. FIBCs are widely used to contain toxic, free-flowing and non-toxic products, such as petrochemicals, rubber, agriculture and chemical products. As a result, FIBCs find extensive applications across the transportation, mining, manufacturing, agriculture and waste handling industries.
Global Flexible Intermediate Bulk Container Market Industry Trends and Drivers:
Significant growth in the agriculture industry across the globe is creating a positive outlook for the market. In line with this, FIBCsare widely adopted to handle grains, rice, potatoes, cereals, sand, and liquid chemicals, thus supporting the market growth. Additionally, the widespread product adoption in the pharmaceutical industry for storing various medical products while preventing contamination is favoring the market growth. Apart from this, the introduction of electronic tagging of FICB that assists in providing relevant information regarding the reusability, safety, and traceability of the item and helps reduce loss and damage of products are providing an impetus to the market growth.
Moreover, the rising environmental consciousness among the masses has facilitated the demand for biodegradable and lightweight bulk packaging solutions, such as FICB, for various industrial applications, which, in turn, is augmenting the market growth. Besides this, various product innovations, such as the employment of virgin polypropylene resins as a key raw material due to an enhanced focus on hygiene,are positively impacting the market growth. Other factors, including the increasing product utilization to transport construction materials and the rising need to reduce the overall weight of bulk packaging, are anticipated to drive the market toward growth.
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Flexible Intermediate Bulk Container Market Report Scope |
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Report Coverage |
Details |
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Market size value in 2021 |
US$ 4.9 Billion in 2021 |
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Market forecast in 2027 |
US$ 6.7 Billion by 2027 |
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Growth Rate |
CAGR of 5.3% from 2022 to 2027 |
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Base year for estimation |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Product, End Use Industry, Region |
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Regional scope |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
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Key companies profiled |
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. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
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
List of Major Major Key Players:
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.
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