Global Flexible Intermediate Bulk Container Market Size, Share, Growth, and Forecast 2030

  • Jun 26, 2023
  • | 35
The global flexible intermediate bulk container market was valued at?approximately USD 5.14 billion in 2022 and is expected to increase to approximately USD 8.67 billion by 2030, with a compound annual growth rate (CAGR) of approximately 6.75% between 2023 and 2030. Flexible Intermediate Bulk Container Market: Overview A bulk bag, big bag, or giant sack is another name for a flexible intermediate bulk container (FIBC). It is a huge, flexible container used for bulk material storage and transportation. Agriculture, chemicals, mining, construction, and food processing are just a few of the industries that use FIBCs. They are normally made of woven polypropylene cloth, which is a very tough and long-lasting material. FIBCs feature rectangular or cubic dimensions with a holding capacity of several thousand kilogrammes, making them an excellent alternative for packaging, storing, or transporting bulk commodities. Because of their distinctive shapes, they can transport both dry and flowable goods such as powders, granules, flakes, or pellets. The flexible intermediate bulk container industry is concerned with the design, manufacture, and distribution of FIBCs to various end-user verticals. The sector is predicted to increase steadily over the forecast period. Read Related: https://www.zionmarketresearch.com/news/global-flexible-intermediate-bulk-container-market Flexible Intermediate Bulk Container Market: Growth Drivers The ability to drive market demand at a low cost is essential. Because FIBCs are more cost-effective than traditional alternatives such as boxes and drums, the worldwide flexible intermediate bulk container market is expected to expand. When compared to the creation of FIBCs, the substitution possibilities are often constructed of expensive materials such as iron or steel, and the manufacturing process is difficult. As a result, the associated costs are larger. Flexible Intermediate Bulk Container Market: Segmentation The global flexible intermediate bulk container market is divided into end-user, type, and region segments. Textiles, pharmaceuticals, textiles, oil & gas, food, construction, and others are the end-user categories of the global flexible intermediate bulk container market. Construction had the most growth in 2022, owing to increased demand for flexible transportation and storage solutions. FIBCs are ideal for storing and transporting construction materials such as sand, gravel, cement, and aggregates. With increased industrialisation and urbanisation, the worldwide construction market has seen a surge in revenue in recent years, owing primarily to ongoing infrastructure development projects in developing countries. By 2025, the Indian construction industry is expected to be worth USD 1.4 trillion. Other industries, such as textiles and pharmaceuticals, have seen constant use of FIBCs. It is employed in the former segment for the storage and transportation of fibres, yarns, and fabrics. Flexible Intermediate Bulk Container Market: Regional Analysis Asia-Pacific will dominate market growth. Due to factors such as fast industrialization, population expansion, and increased trade activity, Asia-Pacific is expected to lead the global flexible intermediate bulk container market. Countries such as India, China, and other Southeastern nations are seeing significant growth in FIBC demand and application, owing to increased demand in end-user verticals. China, for example, has undertaken major infrastructure development projects not only within its own borders but also in neighbouring countries. China has already spent more than a trillion dollars to increase its influence in Asia. According to official figures, China has already spent more than USD 67 billion on the current Belt and Road Initiative. In addition, in order to preserve its position in the worldwide market, India has increased its production and supply of FIBCs. 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 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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