Press release
Flexible Intermediate Bulk Container Market to Reach US$ 6.7 Billion by 2027 at 5.3% CAGR - Report By IMARC Group
The latest research study "Flexible Intermediate Bulk Container Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group offers a comprehensive analysis of the industry, which comprises insights on the global flexible intermediate bulk container marketIs the flexible intermediate bulk container market good for investment or future trends?
The flexible intermediate bulk container market is expected to exhibit a CAGR of 5.3% during 2022-2027.
What is the flexible intermediate bulk container market?
Flexible intermediate bulk containers (FIBC), or bulk bags, refer to industrial packaging containers manufactured using flexible and foldable fabric materials woven together. They are widely utilized for storing dry, granular, and semi-liquid products.
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.
Impact of Covid-19:
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.
Download free sample of the report: https://www.imarcgroup.com/flexible-intermediate-bulk-container-market/requestsample
What is the drivers of change in trends for the flexible intermediate bulk container market:
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. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 6.7 Billion by 2027, growing at a CAGR of 5.3% during 2022-2027.
Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=2504&flag=C
If you want the latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request a free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Flexible Intermediate Bulk Container Market Segmentation:
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
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.
Browse related reports:
Home Care Packaging Market Report 2022: https://www.imarcgroup.com/home-care-packaging-market
Egg Packaging Market Report 2022: https://www.imarcgroup.com/egg-packaging-market
Aseptic Packaging Market Report 2022: https://www.imarcgroup.com/aseptic-packaging-market
Edible Packaging Market Report 2022: https://www.imarcgroup.com/edible-packaging-market
Anti-Counterfeit Packaging Market Report 2022: https://www.imarcgroup.com/anti-counterfeit-packaging-market
Contact Us:
IMARC Group
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Sheridan, WY 82801 USA - Wyoming
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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