Press release
Flexible Intermediate Bulk Container Market Insights on Trends, Drivers and Opportunities by 2021 & key players - Pak, Flexi-tuff, Conitex Sonoco, Berry Plastics, and LC Packaging.
Flexible Intermediate Bulk Container Market was valued at USD 3540 million in 2016 and projected to reach USD 4490 million by 2021 growing at a CAGR of 8.13% during the forecast period 2018 to 2021.
Flexible Intermediate Bulk Container Market Overview:
The flexible intermediate bulk containers (FIBC) are industrial containers, also known as bulk bags, giant bags or large bags, and others. These consist of a soft woven material, usually polypropylene (PP), and have a capacity of 500 to 2000 kg. FIBCs are commonly used to contain liquid products such as grains, seeds, salts, powder coatings, sands, clays, cement, etc. The FIBCs are mechanically operated by means of a forklift in industrial premises when they are filled. The FIBC are economical, easy to manage. With these advantages, they are widely used in the agri-food, pharmaceutical, agricultural and chemical industries.
Browse details of 119 number of pages research report developed on Flexible Intermediate Bulk Container Market @ https://www.researchcosmos.com/reports/flexible-intermediate-bulk-container-market-report-by-product-type-a-fibcs-type-b-fibcs-ty/1379252
Flexible Intermediate Bulk Container Market Growth Drivers and Restraints:
The global market for bulk flexible intermediate containers (FIBC) has grown significantly in recent years. The main factor attributable to the growth of the market is the rapid increase in the demand for these containers in all sectors. Growth in the food, beverage and pharmaceutical industries is expected to feed the global FIBC market during the forecast period. In addition, it is expected that the growing need to reduce the total weight of bulk packaging will stimulate the FIBC market, particularly in the construction sector, in the coming years. The global market is highly competitive, yet attractive, as a majority of the industry is dominated by a few players. The manufacturers are focused on the use of bio-based raw materials and eco-friendly plastics for the manufacturing of FIBCs. The rapid growth of this market is expected to offer high potential for new market entrants in the coming years.
Geographic Insights of Flexible Intermediate Bulk Container Market:
Among regions such as Europe, Asia-Pacific, North America and the rest of the world, it is estimated that Asia-Pacific will probably experience the greatest expansion rate of growth. This growth is attributed to the greater exports of chemical products and bulk oils to Europe and North America. Europe is expected to experience moderate growth in the bulk container packaging market. The strong export of wines will support the growth of this market in Europe. The rest of the world is expected to become the second largest market for the packaging of bulk containers due to the growing export of chemical and bulk food products.
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Key Market Players of Flexible Intermediate Bulk Container Market:
Major participants in the global flexible intermediate bulk containers market include Global-Pak, Flexi-tuff, Conitex Sonoco, Berry Plastics, and LC Packaging.
Flexible Intermediate Bulk Container Market Key Segmentation:
By Product Type:
• Type A FIBCs
• Type B FIBCs
• Type C FIBCs
• Type D FIBCs
By Industry:
• Food Products
• Chemicals
• Others
By Channel:
• Direct Sales
• Distributor
By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
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Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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Kevin Stewart
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Research Cosmos
www.researchcosmos.com
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