The global demand for Flexible Intermediate Bulk Container Market is presumed to reach the valuation of nearly USD XXX MN by 2026 from USD XXX MN in 2019 with a CAGR of X.XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XXX Million Units in 2019 and foreseen to touch XXX Million Units by 2026 with a CAGR of X.X% during 2020-2026.
Flexible Intermediate Bulk Container (FIBC) is the large, flexible, cube-shaped packaging material made of fabric woven in a particular manner to provide strength. FIBC is also popularly known as a bulk bag, big bag, and tote. It has either two or four holding loops for easy handling and transportation of the bulk material across various industrial facilities. The benefit of the FIBC includes higher weight to strength ratio, suitability for packaging powder, granular and dry flow-able products, easy to use with any type of mechanical lifting and transportation equipment, and favoring packaging for chemical as well as food products or intermediates. The FIBC is commonly used in the packaging of the products used across the construction sector, mining and mineral application, and food processing industry, pharmaceutical, chemical, and waste and recycling processes.
Rising demand for packaging, owing to the boost in demand for the packaged goods coupled with higher demand for online shopping is anticipated to increase the demand of FIBC market under the study period. In industrial packaging, flexible packaging is gaining higher attention owing to various advantages associated with it. Growing demand for light-weight, strong, durable transportation materials are a major driving factor pushing the sales of FIBC uphill. The market is primarily driven by domestic and international demand of FIBC materials. The Indian FIBC industry is witnessing growth on an expeditious pace to become the second largest producer of FIBC after China. India has emerged as a prominent country for FIBC as it is a key manufacturer and exporter in the world. Rising export activities of minerals, chemicals, and polymer products worldwide is resulting in more and more demand for bulk packaging. India is a promising country as it offers the advantage of low-cost production for FIBC when compared to other important manufacturing regions including Turkey, European countries, and the USA.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of flexible intermediate bulk container.
The entire Flexible Intermediate Bulk Container market has been sub-categorized into product and end use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End Use
- Type A
- Type B
- Type C
- Type D
This section covers regional segmentation which accentuates on current and future demand for flexible intermediate bulk container market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Flexible Intermediate Bulk Container Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the flexible intermediate bulk container market include Glоbаl-Раk, Flехі-tuff, Іѕbіr, ВАG Соrр., Grеіf, Соnіtех Ѕоnосо, Веrrу Рlаѕtісѕ, АmеrіGlоbе, LС Расkаgіng, RDА Вulk Расkаgіng, Ѕасkmаkеr. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.