The packaging industry has undergone a significant transformation with the introduction of woven polypropylene bulk bags, commonly known as FIBCs (Flexible Intermediate Bulk Containers). These bags are constructed by stitching together durable sheets of heavy-duty PVC-coated polyester or nylon and are lifted using pallets.
FIBCs have gained popularity, particularly in the transportation of hazardous chemicals, due to continuous advancements in structural and design aspects. They find extensive use in industries such as mining, construction, food, and agriculture, as reported by Future Market Insights.
One of the key advantages of FIBCs is their ability to provide bulk packaging while ensuring product safety and shelf life. Some FIBCs even incorporate modified atmospheric packaging (MAP) technology, which replaces oxygen with nitrogen to delay product deterioration.
In recent years, the utilization of FIBCs in the food industry has significantly expanded, primarily due to their capability to extend product shelf life. Moreover, the increasing consumer demand for container designs that prioritize sanitation and hygiene has further enhanced the acceptance of FIBCs.
Both major industry players and end-users are taking substantial precautions to prevent product contamination. UV-protected bags and FIBCs made from 100% virgin polypropylene fabric are considered the optimal choices for outdoor applications. Cleanroom packaging techniques are employed to minimize the risk of contamination.
For More Insights on this Market, Get A Sample Report https://www.futuremarketinsights.com/reports/sample/rep-gb-14500
In conclusion, woven polypropylene FIBCs have revolutionized the packaging industry by offering flexible and space-saving solutions. Their ability to ensure product safety, prolong shelf life, and address hygiene concerns has led to their widespread usage across various industries. Continuous advancements in design and materials contribute to the growing popularity and adoption of FIBCs.
The risk of fire during transportation is higher when FIBCs are used to transport hazardous goods, especially in areas with high temperatures. Thus, there is a considerable need for fire retardant bulk bags among chemical businesses that transport explosive products. The FIBCs made of PP fabric and fire-retardant chemicals provide maximum fire safety, which is why these FIBCs have been in such high demand over the past three years.
Key Takeaways from Global FIBC Market
- FIBC with a carrying capacity above 750 kgs is expected to hold major pie of 55% value share.
- Q bags with baffles are estimated to increase 1.7x of the current market value, by next decade.
- In terms of end use, chemicals & fertilizers segment is estimated to dominate the FIBC industry, registering CAGR of 5.8% in the global market.
- During the projected period, the U.S. FIBC market is expected to rise significantly.
- During the forecast period, the Indian FIBC market is expected to grow at a CAGR of 5.3% until 2032.
Are you looking for customized information related to the latest trends, drivers, and challenges? @ https://www.futuremarketinsights.com/customization-available/rep-gb-14500
Key Questions the Report Addresses
- What are the global trends in the FIBC market? Would the market witness an increase or decline in the demand in the coming years?
- Where will the strategic developments take the industry in the mid to long-term?
- What are the upcoming industry applications and trends for FIBC market?
- What is the estimated demand for different types of products?
- Who are the major players in the FIBC market globally?
Competitive Landscape
Key players in the FIBC market are concentrating on providing lighter-weight and more environmentally friendly FIBC. Some of the key companies are Grief, Inc., Berry Global Group, Inc., Intertape Polymer Group., Conitex Sonoco, LC Packaging International BV, RDA Bulk Packaging Ltd., Masterpack Group Conrop, s.r.o., MANICARDI® srl, J&HM Dickson Ltd., DS SMITH plc, Sokuflex Behälter GmbH, Bulk Containers Europe BV
Key Players:
- Grief, Inc.
- Berry Global Group, Inc.
- Intertape Polymer Group.
- Conitex Sonoco
- LC Packaging International BV
- RDA Bulk Packaging Ltd
- Masterpack Group
- Conrop, s.r.o.
Regional Outlook:
Growing Demand for FIBC in the United States Logistics Industry
Expansion of the Logistics and Transport Industry: The United States market for Flexible Intermediate Bulk Containers (FIBC) is expected to expand significantly during the forecast period. The logistics and transport industry in the United States is highly competitive and in the spotlight. Business logistics costs in the country surpassed US$ 1.6 trillion in 2018 and are projected to continue gaining traction in the coming decade.
Surge in Demand for FIBC in the Indian Market
Rapid Growth in Various Industries: The FIBC market in India has witnessed substantial growth, with a 38% increase over the past 10 years. Food-grade FIBC, in particular, is gaining significant traction and registering prominent growth rates. In 2021, India’s FIBC production reached 306,996 MT, with food-grade FIBC accounting for nearly 28% of the total production. The total export sales of FIBC from India have tripled in the past decade, reaching US$ 708.48 million from 2020 to 2021.
Promising Growth Prospects for FIBC in India
Make-in-India Initiatives and Industry Expansion: India’s FIBC market is predicted to grow at a rate of 2x during the forecast period. The country’s efforts to promote domestic manufacturing through the Make-in-India initiatives, along with industry-specific incentives, are leading to the establishment of numerous manufacturing enterprises in India.
Get 20% Discount @ https://www.futuremarketinsights.com/request-discount/rep-gb-14500
Global FIBC Market by Category
By Packaging Type:
- Q-bags
- Baffle Bags
- Circular Bags
- 6-panel
- Others
By Capacity:
- Upto 250 Kg
- 250 kgs – 750 Kgs
- Above 750 Kgs
By End User:
- Building & Construction
- Chemicals & Fertilizers
- Food Products & Agriculture
- Pharmaceuticals Products
- Mining
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
