The global 2 Loop FIBC (Flexible Intermediate Bulk Container) bags market is expected to reach a valuation of USD 2.68 billion in 2023, with projections indicating steady growth at a CAGR of 3.0% over the next decade. By 2033, the market is anticipated to total around USD 3.6 billion, driven by increasing investments in infrastructure and the surging demand for cost-effective bulk transportation solutions.
As global trade continues to expand, businesses are seeking efficient and reliable methods for shipping large quantities of goods. 2 Loop FIBC bags have emerged as a versatile and practical packaging solution, catering to industries that require the transportation of bulk materials. These bags are designed to handle a wide range of materials and products, offering significant advantages in terms of storage, handling, and logistics.
Global Trade and Industrialization Drive 2 Loop FIBC Bag Adoption
With the global economy becoming increasingly interconnected, cross-border trade volumes are rising. Businesses engaged in international supply chains are recognizing the value of 2 Loop FIBC bags as a key component in their logistics strategies. The bags offer substantial storage capacity, enabling the transportation of large quantities of materials in a single shipment. This reduces the need for multiple smaller containers, streamlining logistics operations and optimizing storage space.
The growth of industrial sectors such as construction, agriculture, and mining is also contributing to the rising demand for 2 Loop FIBC bags. In these industries, where materials are often produced or extracted in bulk, the efficient storage and transportation of large quantities of goods is critical. 2 Loop FIBC bags provide a reliable and space-saving solution, ensuring that materials are stored securely and transported efficiently.
Rapid urbanization and infrastructure projects require a steady supply of construction materials such as sand, cement, and aggregates. 2 Loop FIBC bags serve as reliable containers for transporting heavy and bulky construction materials, contributing to the efficiency of construction operations and the growth of the construction industry. The safe transportation of hazardous materials is paramount in the chemical and petrochemical sectors. 2 loop FIBC bags are designed to meet stringent safety standards and can securely transport chemicals and petrochemical products, contributing to the growth of these industries.
There is a need for efficient packaging to transport essential supplies to affected regions, during emergencies and disaster relief operations. 2 loop FIBC bags can be rapidly filled with relief items and distributed, aiding humanitarian efforts.
Key Takeaways from the Market Study
- Global 2 loop FIBC bags market was valued at US$ 2.6 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 2.0%.
- North America is expected to hold a dominant CAGR of 2.9% during the forecast period.
- By packaging type, bottles segment is expected to constitute a CAGR of 2.9% in 2033.
- On the basis of application, pharmaceuticals segment is expected to dominate the market with a CAGR of 2.9% in 2033.
- From 2023 to 2033, 2 loop FIBC bags market is expected to flourish at a CAGR of 3.0%.
- By 2033, the market value of 2 loop FIBC bags is expected to reach US$ 3.6 billion.
“Global trade and cross-border activities, across the globe, is a major factor that is expected to propel the growth of the 2 loop FIBC bags market in the near future,” remarks an FMI analyst .
Competitive Landscape
Prominent players in the 2 loop FIBC bags market are
- Greif,
- Chuangda Group,
- Rockleigh Industries,
- Propex Operating Company LLC,
- CHK Manufacturing Inc.,
- Delta Big Bag,
- LARE FIBC LLC,
- Rosenflex UK Ltd.,
- CHK Manufacturing Inc.,
- Bulk Corp International, and
- TechnoPac GmbH.,
- among others.
Recent Developments :
- In 2022, LARE FIBC LLC. launched a new line of 2 Loop FIBC Bags with improved durability and puncture resistance.
- In 2021, Greif announced the acquisition of Delta Big Bag, a leading manufacturer of 2 Loop FIBC Bags in North America.
- In 2021, Chuangda Group launched a new line of 2 Loop FIBC Bags made from recycled materials.
Access Full Report: https://www.futuremarketinsights.com/reports/2-loop-fibc-bags-market
Key Segments Profiled in the Global 2 Loop FIBC Bags Industry:
Size:
- Up to 5 oz
- Between 6 oz to 12 oz
- Between 13 oz to 20 oz
- Above 20 oz
Packaging Type:
- Jars
- Vials
- Bottles
Application:
- Perfumes
- Essential Oils
- Chemicals
- Pharmaceuticals
- Other Liquids
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
