15 October 2019
Visiongain’s new report the Flexible Intermediate Bulk Container Market Report 2020-2030: Forecasts By Application (Pharmaceuticals, Food, Chemical, Fertilizers, Construction, Others.), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa) and analysis of leading companies operating in this industry.
In latest years, the worldwide market for flexible intermediate bulk containers (FIBC) has seen important growth rate. The primary factor attributable to market growth is quickly growing demand across sector verticals for flexible intermediate bulk containers (FIBCs). During the forecast period, the increasing food & drink and pharmaceutical sectors are anticipated to boost the worldwide FIBC market. In addition, it is expected that the increasing need to decrease the general weight of bulk packaging will drive the worldwide FIBC market in the coming years, particularly in the construction industry.
Industrial containers, known as bulk bags, jumbo bags or large bags are the flexible intermediate bulk containers (FIBCs). These are made up of flexible woven material, typically polypropylene (PP), and possesses the capacity to hold 500-2,000 kg of weight. FIBC is used for containing products that are fluidized like grains, seeds, salts, powdered coatings, sands, clay, cement and other products. FIBCs are filled by a forklift mechanically in the industrial premises. FIBC is cheap, low weights and easy to handle.
The market is divided into drugs, food, chemicals, fertilizers, buildings and many others on the basis of end-user industries. The chemical industry holds the largest value share on the market, which is expected to grow during the forecast period in the highest CAGR segment. This is largely due to the rapid growth of the chemical industry in India, China, Brazil and South Africa, to name but a few, emerging countries.
Global-Pak, Flexi-tuff, Conitex Sonoco, Berry Plastics and LC Packaging are the major contributors to the global flexible intermediate bulk container market. The global market is very competitive but attractive, as several actors dominate the majority of the industry. The manufacturers focus on the use of organic raw materials and environmentally friendly plastics to make FIBCs. The rapid growth of this market in the coming years is anticipated to provide new entrants with high potential.
In North America, South América, the Middle East, and Africa, Europe and Asia-Pacific, the market can be divided geographically. The Americas, which includes both North America and South America, represented the world's largest market share of previous years and will continue to do the same in the years ahead. Increased demand of these food and pharmaceuticals products is the main factor responsible for the growth of the North American market.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to email@example.com or call her on +44 (0) 207 336 6100.
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
A higher demand for medical electronics such as pacemakers, defibrillators, drug-releasing pumps, hearing aids, diagnostic equipment etc. is providing the coating industry with some significant market opportunities. The manufacture of lower priced devices which are produced in higher volumes (for example personal health monitors) is continuing to be moved offshore to take advantage of the lower cost of production.
12 April 2021
One of the most important drivers aiding the growth of engineering plastics compounds are unexplored opportunities of replacing metals not only in automobiles, but also in the application areas of household appliances, construction, and infrastructure, to list down a few.
09 April 2021
The production of domestic phosphate rock in 2019 was reduced by the temporary closure of one mine in Florida and the reduction of phosphate rock inventories by companies. Because of lower output of phosphoric acid and fertiliser, domestic consumption was 4 % lower.
01 March 2021
For optimum crop production in relation to fertiliser, phosphorus is an essential macronutrient. Bone meal, fertiliser, and superphosphate rocks are the source of phosphorus.