Flexible Intermediate Bulk Container Market is Booming and Predicted to Hit US$ 7.1 Billion by 2028

IMARC Group, a leading market research company, has recently releases report titled "Flexible Intermediate Bulk Container Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the global flexible intermediate bulk container market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the flexible intermediate bulk container market?

The global flexible intermediate bulk container market size reached US$ 5.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.

What is the flexible intermediate bulk container?

A flexible intermediate bulk container (FIBC), commonly referred to as a bulk bag, is a large, industrial-grade bag designed for storing and transporting bulk materials. It is typically produced of woven polypropylene fabric, which provides them with the strength and durability required to handle heavy loads. It is available in numerous shapes and sizes, with capacities ranging from a few hundred to several thousand pounds. It offers flexibility, allowing them to conform to the shape of their contents. Additionally, it is employed for storing and transporting dry bulk goods such as grains, powders, chemicals, and minerals. Consequently, it is employed across various industries, including agriculture, chemicals, food processing, and construction.

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What are the growth prospects and trends in the flexible intermediate bulk container industry?

The flexible intermediate bulk container (FIBC) market is primarily driven by the escalating demand for efficient and cost-effective bulk packaging solutions. In addition, several industries such as agriculture, chemicals, food and beverages, and construction require bulk packaging that ensures the safe transport of goods and minimizes handling and transportation costs, thus augmenting the market growth. FIBCs excel in meeting these requirements, as they offer a large storage capacity and are easy to handle, reducing the need for multiple smaller packages. Moreover, the shift toward sustainable and eco-friendly packaging solutions among businesses and consumers due to rising concerns regarding the environmental impact of packaging materials represents another major growth-inducing factor. FIBCs are often reusable and recyclable, making them an attractive choice for companies aiming to reduce their carbon footprint. Besides this, these containers can be customized to suit the specific needs of different industries. For instance, food-grade FIBCs are designed to meet the stringent hygiene and safety standards required for transporting food products, while hazardous material FIBCs are built to safely contain and transport chemicals or other potentially dangerous substances, thus propelling the market growth.

What is included in market segmentation?

The report has segmented the market into the 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 (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players 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
Rishi FIBC Solutions PVT. Ltd.

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