Global Flexible Intermediate Bulk Container Market To Witness High Revenue In Asia-Pacific

The global flexible intermediate bulk container market size was worth around USD 5.14 billion in 2022 and is predicted to grow to around USD 8.67 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.75% between 2023 and 2030.

The flexible intermediate bulk container industry refers to the market for the production, buying, and selling of flexible intermediate bulk containers (FIBCs) which are large, flexible containers used for the transportation or storage of bulk materials. The bags made of flexible woven polypropylene fabric have a typical load-carrying capacity of 500 to 5,000 kilograms but it can range more than the average. The market for FIBCs is influenced by factors such as industrialization, infrastructure development, trade activities, and specific industry requirements. The industry is highly competitive housing numerous manufacturers and suppliers operating on a regional or international scale.

This review is based on a report by Zion Market Research, titled "Flexible Intermediate Bulk Container Market By End-User (Textiles, Pharmaceuticals, Textiles, Food, Oil & Gas, Food, Construction, And Others), By Type (Type A, Type B, Type C, And Type D), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030"- Report at https://www.zionmarketresearch.com/report/flexible-intermediate-bulk-container-market

The global flexible intermediate bulk container market is driven due to the increasing demand for bulk packaging. Several industries such as agriculture, chemicals, mining, and construction are witnessing growing requirements for the storage and transportation of bulk materials and FIBCs provide a convenient and efficient solution. The benefits of using FIBCs packaging solution also lie in easy handling and transportation since the presence of lifting loops or straps allows for efficient loading and unloading using machinery such as forklifts or cranes.

It is easy to stack FIBCs which contributes to the maximization of storage space and improvements in logistical efficiency. Growing awareness around environmental sustainability has contributed equally to the rising adoption of flexible intermediate bulk containers as they are considered to be environmentally friendly when compared to traditional packaging materials. They are reusable and can be recycled which assists in reducing waste thus diminishing the environmental impact of packaging.

However, the global flexible intermediate bulk container industry also deals with certain growth restrictions, especially in the limitations of FIBCs in terms of handling certain hazardous materials. Some chemicals may demand specialized packaging or containment solutions and FIBCs may not be suitable under such circumstances. Although these containers are designed to be durable, the intensity is limited in certain applications. Some industries may need packaging solutions that can withstand harsh temperatures and mechanical stress. In such cases, FIBCs may not offer the required level of protection

The rising applications in the e-commerce sector may provide growth opportunities while the growing cases of counterfeit products could challenge market expansion.

The global flexible intermediate bulk container market is segmented based on end-user, type, and region.

Based on end-user, the global market segments are textiles, pharmaceuticals, textiles, oil & gas, food, construction, and others. The highest growth was observed in the construction sector in 2022 due to higher demand for flexible transportation and storage solutions. Construction products such as sand, gravel, cement, and aggregates can be easily stored and transported using FIBCs. With the growth in industrialization rate along with rising urbanization, the global construction market has witnessed surging revenue in the last few years, especially driven due to continuous infrastructure development projects in developing nations. The Indian construction industry is projected to reach USD 1.4 trillion by 2025. The applications of FIBCs in other industries such as textiles and pharmaceuticals have also been consistent. In the former segment, it is used for the storage and transport of fibers, yarns, and fabrics.

Based on type, the global market segments are type A, type, B, type C, and type D. The flexible intermediate bulk container industry growth was led by the type A segment in 2022. These variants of FIBCs are made using non-conductive fabric. They do not provide any electrostatic protection and hence are more suitable for non-flammable materials that do not possess any risk of igniting explosively. They are typically used for non-hazardous materials. Type B, on the other hand, have undergone certain antistatic treatments but they do not guarantee a high level of electrostatic safety. They can be used for flammable materials but items that pose a risk of explosion should not be stored in this type. The C variant provides a controlled path for static electricity to be safely discharged through the grounding system. Type D is specifically designed to reduce the risk of incendiary sparks and brush discharges. FIBCs have a loading capacity of 0.5 to 2 metric tons.

The global flexible intermediate bulk container market is expected to witness the highest growth in Asia-Pacific driven by the increasing investments in infrastructure projects by Asian countries such as Japan, China, India, Singapore, and others. Additionally, the region has a high number of manufacturers and suppliers that have undertaken massive projects internationally for better reach. The agriculture sector of India and China is one of the largest contributors to regional growth.

With established industries such as chemicals, agriculture, food processing, and construction, demand for FIBCs in North America has surged to new levels. The e-commerce industry's growth and increasing demand for efficient bulk packaging solutions are also crucial to the regional economy. Latin America exhibits opportunities and potential for the FIBC market.

Recent Developments:

• In December 2022, New Water Capital (NWC) announced the acquisition of Bulk Lift International LLC along with Bagwell Supply Ltd. Thus marking its investment in the FIBC sector
• In July 2020, TriEnda, a North American industrial thermoforming company announced the launch of a new FIBC solution called Bulk Bag Pallet and is specifically developed for the safe shipping of bulk goods

Flexible Intermediate Bulk Container Market: Competitive Analysis

The global flexible intermediate bulk container market is led by players like:

• Berry Global Inc.
• Global-Pak Inc.
• AmeriGlobe LLC
• BAG Corp.
• Conitex Sonoco
• Bulk Handling Australia Group
• Greif Inc.
• LC Packaging
• Rishi FIBC Solutions Pvt. Ltd.
• Halsted Corporation
• Flexipol Packaging Limited
• RDA Bulk Packaging Ltd.
• Emmbi Industries Limited
• Sackmaker J&HM Dickson Ltd.
• Midwestern Bag & Supply
• United Bags Inc.
• Plastipak Group
• Intertape Polymer Group
• Thrace Group
• Mondi Group
• Langston Companies Inc.
• Bag Supplies Canada Ltd.
• Yantai Haiwan Plastic Products Co Ltd.
• MiniBulk Inc.
• Jumbo Bag Corporation.

The global flexible intermediate bulk container market is segmented as follows:

By End-User

• Textiles
• Pharmaceuticals
• Textiles
• Food
• Oil & Gas
• Construction
• Others

By Type

• Type A
• Type B
• Type C
• Type D

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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