The introduction of woven polypropylene bulk bags, commonly known as FIBCs (Flexible Intermediate Bulk Containers), has brought about a remarkable transformation in the packaging industry. FIBCs are constructed by stitching together durable sheets of heavy-duty PVC-coated polyester or nylon and are often lifted using pallets.
FIBCs have gained widespread popularity in various sectors, including mining, construction, food, and agriculture. They are particularly favored for transporting hazardous chemicals due to continuous improvements in their structural and design features.
One of the major advantages of FIBCs is their ability to provide efficient bulk packaging while ensuring product safety and extending shelf life. Some FIBCs even incorporate modified atmospheric packaging (MAP) technology, which helps reduce product deterioration by replacing oxygen with nitrogen.
The food industry has witnessed a significant rise in the adoption of FIBCs in recent years, mainly due to their capacity to extend the shelf life of products. Additionally, there is an increasing demand for container designs that prioritize sanitation and hygiene, which has further accelerated the acceptance of FIBCs.
Both industry leaders and end-users are taking substantial precautions to prevent product contamination. For outdoor applications, UV-protected bags and FIBCs made from 100% virgin polypropylene fabric are considered the best options. Cleanroom packaging techniques are also employed to minimize the risk of contamination.
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.
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Key Takeaways from Global FIBC Market:
- FIBCs with a carrying capacity above 750 kgs are expected to hold the major share of 55% value share.
- Q bags with baffles are estimated to increase 1.7 times of the current market value by the next decade.
- In terms of end-use, the chemicals & fertilizers segment is estimated to dominate the FIBC industry, registering a CAGR of 5.8% in the global market.
- The U.S. FIBC market is expected to rise significantly during the projected period.
- The Indian FIBC market is expected to grow at a CAGR of 5.4% until 2033 during the forecast period.
Market Benefits
- The report offers a comprehensive analysis of the global FIBC market, providing insights into current trends and future projections to identify lucrative investment opportunities.
- Strategies of key market players are thoroughly examined to provide a clear understanding of the competitive landscape of the industry.
- A detailed analysis of the market based on application facilitates a better understanding of industry trends.
- Quantitative analysis of the market for the period 2023 to 2033 equips stakeholders with the necessary information to seize existing market opportunities.
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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.
FIBC Market Outlook:
United States – The FIBC market is expected to expand significantly in the United States due to the growth of the logistics and transport industry, with logistics costs projected to rise in the coming decade.
India – India’s FIBC market has witnessed substantial growth, particularly in various industries like food-grade FIBC, which has seen a 38% increase over the past 10 years. The country’s Make-in-India initiatives are also contributing to the industry’s promising growth prospects
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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 FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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.
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