What is Global FIBC (Flexible Intermediate Bulk Container) Market?
The Global FIBC (Flexible Intermediate Bulk Container) Market is a vast and dynamic sector that has been gaining significant traction in recent years. FIBC, also known as bulk bags or big bags, are industrial containers made for storing and transporting free flowing dry products. The global market for these containers was valued at a substantial US$ 8727.3 million in 2022. The market is projected to reach an impressive US$ 12330 million by 2029, growing at a steady compound annual growth rate (CAGR) of 5.0% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing demand for these containers in various industries due to their cost-effectiveness and efficiency in handling bulk materials.
Type A FIBCs, Type B FIBCs, Type C FIBCs, Type D FIBCs in the Global FIBC (Flexible Intermediate Bulk Container) Market:
The Global FIBC Market is segmented into four types based on their design and functionality: Type A, Type B, Type C, and Type D FIBCs. Type A FIBCs are made of plain woven polypropylene and other non-conductive fabrics. They offer no protection against static electricity and are therefore not suitable for transporting flammable or combustible products. Type B FIBCs, on the other hand, are made from materials that have a low breakdown voltage to prevent propagating brush discharges. Type C FIBCs are made from non-conductive polypropylene fabrics interwoven with conducting threads traditionally sewn in a grid pattern. These bags are designed to control electrostatic charges by grounding. Type D FIBCs are made from antistatic and static dissipative fabrics designed to safely prevent the occurrence of incendiary sparks, brush discharges and propagating brush discharges without the need for a connection from the bag to ground.
Chemical Industry, Food Industry, Pharmaceutical Industry, Others in the Global FIBC (Flexible Intermediate Bulk Container) Market:
The usage of FIBCs is widespread across various industries including the chemical industry, food industry, pharmaceutical industry, among others. In the chemical industry, FIBCs are used for storing and transporting a wide range of chemical products such as powders, granules, and flakes. They offer a cost-effective and efficient solution for handling bulk quantities of chemicals. In the food industry, FIBCs are used for storing and transporting various food products such as grains, spices, sugar, and others. They are preferred for their hygienic and safe material handling solution. In the pharmaceutical industry, FIBCs are used for the safe and hygienic transportation of pharmaceutical products. They are designed to prevent contamination and maintain the integrity of the pharmaceutical products. Other industries that use FIBCs include agriculture, construction, and mining.
Global FIBC (Flexible Intermediate Bulk Container) Market Outlook:
The market outlook for the Global FIBC Market is quite promising. The market is dominated by key players such as Global-Pak, Flexi-tuff, Isbir, BAG Corp, Greif, and Conitex Sonoco, who collectively hold about 11% of the market shares. Geographically, Europe is the largest supplier of FIBC, contributing to nearly 29% of the production market share. Asia (excluding China) follows closely behind, enjoying a production market share of about 25%. On the consumption front, North America leads the way, accounting for nearly 38% of the consumption market share. This can be attributed to the high demand for FIBCs in various industries in the region.
| Report Metric | Details |
| Report Name | FIBC (Flexible Intermediate Bulk Container) Market |
| Accounted market size in 2023 | US$ 9200.8 million |
| Forecasted market size in 2029 | US$ 12330 million |
| CAGR | 5.0 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Segment by Region |
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| By Company | Global-Pak, Flexi-tuff, Isbir, BAG Corp, Greif, Conitex Sonoco, Berry Plastics, AmeriGlobe, LC Packaging, RDA Bulk Packaging, Sackmaker, Langston, Taihua Group, Rishi FIBC, Halsted, Intertape Polymer, Lasheen Group, MiniBulk, Bulk Lift, Wellknit, Emmbi Industries, Dongxing Plastic, Yantai Haiwan, Kanpur Plastipack, Yixing Huafu, Changfeng Bulk, Shenzhen Riversky |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
