Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global FIBC Market Size is Expected to Grow from USD 7.9 Billion in 2023 to USD 13.48 Billion by 2033, at a CAGR of 5.49% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global FIBC Market Size, Share, and COVID-19 Impact Analysis, By Product (Type A, Type B, Type C, and Type D), By End-User (Food, Chemical, Pharmaceuticals, Textiles, Oil & Gas, Construction, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The industry that produces and supplies big, flexible bags for bulk material storage and transportation is known as the flexible intermediate bulk container (FIBC) market. Grain, chemicals, minerals, and food items are just a few of the many materials that these containers are made to manage. FIBCs are a preferred option for many industries because of their cost-effectiveness, durability, and reusability. Emerging economies' rapid growth is driving international trade growth, driven by increased imports and exports. Superior packaging standards are essential for international markets. FIBC packaging, which offers enhanced product protection and is lightweight and easy to customize, is gaining popularity as export and import packaging due to its growth in the global market. Healthcare packaging is a significant part of the global pharmaceutical industry, protecting products from damage and contamination. The aging population, increasing prevalence of chronic diseases, and changing lifestyles are expected to boost demand for healthcare-related products and services. High investments in the healthcare industry are also driving demand for FIBC. Overall, healthcare packaging is a vital component of the pharmaceutical industry. However, food packaging materials must meet USDA and NSF standards, impacting market growth negatively due to stringent regulations on food contact applications and pharmaceutical products.
The type A segment accounted for the highest share in 2023 and is expected to grow at a CAGR of 5.6% during the forecast period.
Based on the product, the FIBC market is classified into type A, type B, type C, and type D. Among these, the type A segment accounted for the highest share in 2023 and is expected to grow at a CAGR of 5.6% during the forecast period. Type A FIBCs are made from non-conductive textiles such as plain-woven polypropylene. Type A FIBCs do not provide any static protection because, while loading or unloading, products move over or brush against the bulk bag's internal surface. These can be used to safely transport non-flammable items, and a type A FIBC should be kept away from flammable gasses and solvents for added security.
The food segment accounted for the largest market share in 2023 and is expected to grow at a CAGR of 5.8% during the forecast period.
Based on the end-user, the FIBC market is divided into food, chemical, pharmaceuticals, textiles, oil & gas, construction, and others. Among these, the food segment accounted for the largest share in 2023 and is expected to grow at a CAGR of 5.8% during the forecast period. The working-class population's lifestyle changes and busy schedules have fueled the demand for reliable FIBCs in the food sector. Packed food includes meat, poultry, seafood, confectionery, prepared meals, dairy, baby food, and pet food. FIBCs' convenience of transport and portability make them the most widely used food product.
Asia Pacific is estimated to hold the largest share of the FIBC market over the forecast period.
Asia Pacific is estimated to hold the largest share of the FIBC market over the forecast period. The demand for FIBC is expected to rise due to e-commerce investments, changing consumer preferences for reusable packaging, and India's strong presence in the auto ancillary industry. The high population and increasing reliance on packaged food are expected to positively impact FIBC demand growth.
North America is predicted to have the fastest CAGR growth in the FIBC market over the forecast period. Increased internet usage and a variety of e-commerce-based services have contributed to a significant increase in e-commerce penetration in North America during the past few years.
Competitive Analysis
Major key players in the FIBC market include Global-Pak, Bag Corp, Isbir Sentetik, Greif, Berry Global Group Inc., Bulk Lift International, Jumbo Bag Limited, Rishi FIBC Solutions, Taihua Group., and Others.
Recent Development
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the FIBC market based on the below-mentioned segments:
Global FIBC Market, By Product
Global FIBC Market, By End-User
Global FIBC Market, By Regional Analysis
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