Report Code: A13816 | Pages: NA | Mar 2023 | 1650 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Flexible Intermediate Bulk Container Market
Request Now !Flexible intermediate bulk containers (FIBC), or bulk bags, are industrial packaging materials utilized for safely storing dry, granular and semi-liquid products. They are big cubic, flexible containers made with the help of coated or uncoated woven fabric with loops to serve convenient storage and movement. U-panel, circular, four-panel and baffle bags are one of the most widely used FIBCs. These bags are used to hold toxic, non-toxic and free-flowing products, for instance chemicals, petrochemicals, pharmaceuticals, rubber & agriculture, and food items. As a result, they are majorly utilized across several industries, for instance transportation, mining, manufacturing, agriculture and waste handling
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COVID-19 Impact analysis
Top Impacting Factors
Swift industrialization all around the world is one of the critical factors propelling the growth of the market. Chemical and agriculture item producers are substantially using FIBCs to handle grains, rice, potatoes, cereals, and liquefied chemicals. These bags are also utilized to store and transport construction materials, for instance carbon black, steel, alloys, minerals, cement, and sand. In addition, surge in environmental concern among all-around the world and the rise in demand for lightweight, biodegradable and bulk packaging material for pharmaceutical products foster the market growth. The increase in need for reducing overall weight of bulk packaging, developments in the food & pharmaceutical sectors across the globe, and enlargement of manufacturing and construction industries primarily in the developing regions are the critical factors boosting the growth of the flexible intermediate bulk container market.
However, the installation of specific liners done in through sewing it inside the fabric of the containers is anticipated to hamper the flexible intermediate bulk container market growth. The container only being capable to be used for a single type of material is foreseen to obstruct the growth of the flexible intermediate bulk container market during the forecast period. Â
Market Trends
Key Benefits of the Report
Flexible Intermediate Bulk Container Market Report Highlights
Aspects | Details |
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Key Market Players | 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. |
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