According to the latest report by IMARC Group, titled “Flexible Intermediate Bulk Container Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,”The global flexible intermediate bulk container market 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. The report provides a detailed analysis of the market by Product type, Industry use and Geography Also, the report analyzes the market’s competitive landscape.
Flexible Intermediate Bulk Container Market Industry Definition and Application:
A flexible intermediate bulk container (FIBC) is an industrial packaging material used for storing semi-liquid and dry products. It is convenient, cost-effective, spacious, flexible, and widely utilized for keeping non-toxic products, such as pharmaceuticals, agriculture, rubber, chemicals, food, and petrochemicals. It is currently available in different shapes, sizes, and capacities, based on the requirements of the user.
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.
Flexible Intermediate Bulk Container Market Trends and Drivers:
Considerable growth in the construction industryworldwide represents one of the major factors positively influencing the demand for FIBC to storebuilding materials, such as alloys, steel, carbon black, sand, minerals, and cement. In addition, rising environmental consciousness among individuals, along with a significant increase in the need for biodegradable, lightweight, and bulk packaging materials for transporting pharmaceutical products, is contributing to the market growth. Apart from this, key players are introducing eco-friendly variants and offering customizedsolutions, which is anticipated to drive the adoption of FIBC across the globe.
The report has segmented the market on the basis on region, product and end use industry.
Breakup by Product:
Breakup by End Use Industry:
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
Who are the Major Flexible Intermediate Bulk Container Market Key players?
The report provides a detailed analysis of the market leaders, including.
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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