According to the latest report by IMARC Group, titled “Flexible Intermediate Bulk Container Market Share: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” provide the global flexible intermediate bulk container market grew at a CAGR of around 6% during 2021-2026. The report provides a detailed analysis of the market by Product type, Industry use and Geography Also, the report analyzes the market’s competitive landscape.
Report Metric
Historical: 2015-2020
Base Year: 2020
Forecast Year: 2021-2026
Download free sample of the report: https://www.imarcgroup.com/flexible-intermediate-bulk-container-market/requestsample
Flexible Intermediate Bulk Container Market Industry Definition and Application:
Flexible intermediate bulk containers (FIBC) are industrial packaging materials made up of flexible and foldable woven fabric, most commonly polypropylene (PP). They are used to significantly lower the overall weight of the bulk packaging due to their negligible weight. Also known as bulk bags, they are usually large, cubic and bendable in nature while having the capacity to hold over 500 kg of weight. They are designed to store and transport dry and flowable, as well as semi-liquid products in an efficient manner. As a result, they are widely used for storing grains, seeds, clays, salts, rubber, chemicals, petrochemicals, sand, cement and food products. They are also cost-efficient and easy to handle due to which they are extensively utilized across a vast array of industry verticals, such as mining, agriculture, transportation, pharmaceuticals and manufacturing sectors.
Browse full report with TOC: Browse full report with TOC: https://www.imarcgroup.com/signature-verification-market
Note: 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.
Flexible Intermediate Bulk Container Market Trends and Drivers:
The market is primarily driven by the increasing demand for FIBCs from the agriculture sector. These materials are widely adopted for transporting food products, such as rice, grains, vegetables and cereals, across the globe, due to the enhanced convenience offered by them in terms of transportation and handling. Apart from this, rapid industrialization and the increasing demand for specialty chemicals on the global level is providing a thrust to the market growth. These packaging materials can also be employed to store and transport liquid chemicals in a safe manner, due to which they are gaining widespread prominence among the end users. The market is further driven by the growing applications of FIBCs in the construction industry. They are extensively used in the sector for transporting several construction materials, such as sand, cement, alloys, steel and carbon black. This, along with the significant infrastructural developments across the globe, is catalyzing the market growth. Moreover, the increasing utilization of pharma-grade FIBCs for packing pharmaceutical products is acting as a major growth-inducing factor. These materials are extensively used for preventing contamination of various medical products while ensuring proper safety of the packaged goods. Some of the other factors contributing to the market growth include the growing demand for lightweight and eco-friendly packaging materials and the advent of food-grade FIBCs made from virgin polypropylene resins.
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.
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.
Contact Us
Olivia Anderson
Marketing Manager
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com