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The latest report by IMARC, titled “ FlexibleIntermediateBulkContainerMarket:GlobalIndustryTrends,Share,Size,Growth,Opportunit yandForecast2023-2028
” "the global flexibleintermediatebulkcontainermarket reached a value of US$5.2Billion in 2022.
Flexible intermediate bulk containers (FIBC), or bulk bags, refer to industrial packaging containers manufactured using flexible and foldable fabric materials woven together. They are widely utilized for storing dry,granular,and semi-liquid products.
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Four-panel, circular, u-panel and baffle bags are some of thecommonly used FIBCs. These bags are lightweight, environment friendly, and recyclable and can be easily transported with the assistance of a pallet jack or forklift. FIBCs are widely used to contain toxic, free-flowing and non-toxic products, such as petrochemicals, rubber, agriculture and chemical products. As a result, FIBCs find extensive applications across the transportation, mining, manufacturing, agriculture and waste handling industries.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary:
BreakupbyProduct:
• Type A
• Type B
• Type C
• Type D
BreakupbyEndUseIndustry:
• Food
• Chemicals
• Pharmaceuticals
• Others
BreakupbyRegion:
• 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
• MiddleEast and Africa
CompetitiveLandscapewithKeyPlayers:
• Bag Corp
• Berry Global Inc.
• BulkLiftInternational LLC
• Global-PakInc.
• Greif Inc.
• IsbirSentetikDokumaSanayi A.S.
• Langston CompaniesInc.
• LC Packaging International BV
• PlastipakGroup
• Rishi FIBC SolutionsPVT. Ltd.
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