Global Flexible Intermediate Bulk Container Market Report 2023: Sector to Reach $7.1 Billion by 2028 at a CAGR of 5.33% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Flexible Intermediate Bulk Container Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global flexible intermediate bulk container market size reached US$ 5.2 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 7.1 Billion by 2028, exhibiting a CAGR of 5.33% during 2022-2028.

Companies Mentioned

• 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
• Rishi FIBC Solutions PVT. Ltd

Flexible intermediate bulk containers (FIBC), or bulk bags, refer to industrial packaging materials used for storing dry, granular and semi-liquid products. They are large, cubic, bendable containers manufactured using coated or uncoated woven fabric with loops to facilitate convenient storage and movement. U-panel, circular, four-panel and baffle bags are among the most commonly used FIBCs.

These bags are used to contain toxic, non-toxic and free-flowing products, such as chemicals, petrochemicals, pharmaceuticals, rubber and agriculture and food products. As a result, they find extensive applications across various industries, such as transportation, mining, manufacturing, agriculture and waste handling.

Rapid industrialization across the globe is one of the key factors driving the growth of the market. Chemical and agriculture product manufacturers are increasingly using FIBCs to handle grains, rice, potatoes, cereals and liquid chemicals. These bags are also used to store and transport construction materials, such as carbon black, steel, alloys, minerals, cement and sand.

Furthermore, increasing environmental consciousness among the masses and the rising demand for lightweight, biodegradable and bulk packaging material for pharmaceutical products, is also stimulating the market growth.

Pharma-grade FIBC bags are used for storing various medical products and preventing contamination. In line with this, product innovations, such as the development of FIBC variants as hygiene packaging solutions, is acting as another growth-inducing factor.

Food-grade FIBC bags are manufactured using virgin polypropylene resins that aid in preventing spoilage of perishable goods and are suited for storing packaged products in bulk quantities.

Key Market Segmentation:

The analyst provides an analysis of the key trends in each sub-segment of the global flexible intermediate bulk container market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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

Key Questions Answered in This Report

1. What was the size of the global flexible intermediate bulk container market in 2022?

2. What is the expected growth rate of the global flexible intermediate bulk container market during 2023-2028?

3. What has been the impact of COVID-19 on the global flexible intermediate bulk container market?

4. What are the key factors driving the global flexible intermediate bulk container market?

5. What is the breakup of the global flexible intermediate bulk container market based on the product?

6. What is the breakup of the global flexible intermediate bulk container market based on the end use industry?

7. What are the key regions in the global flexible intermediate bulk container market?

8. Who are the key players/companies in the global flexible intermediate bulk container market?

For more information about this report visit https://www.researchandmarkets.com/r/ka94rm

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