Global FIBC Bag Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global FIBC Bag Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A flexible intermediate bulk container (FIBC), bulk bag, or big bag, is an industrial container made of flexible fabric that is designed for storing and transporting dry, flowable products, such as sand, fertilizer, and granules of plastic.

Market Overview:

The latest research study on the global FIBC Bag market finds that the global FIBC Bag market reached a value of USD 6483.3 million in 2022. It’s expected that the market will achieve USD 11898.82 million by 2028, exhibiting a CAGR of 10.65% during the forecast period.

Limitations

Since the FIBC Bag is made of a variety of plastics, fluctuations in these raw materials will affect the price fluctuations of the FIBC Bag to a certain extent, resulting in an increase in the price of the FIBC Bag, which will bring down the demand for the FIBC Bag. These fluctuations are unstable factors that exist in the FIBC Bag market. Will affect the healthy development of the FIBC Bag market to a certain extent.
Due to the low technical content of the FIBC Bag industry, the market entry threshold is low. More and more suppliers are entering the market. The fierce market competition will affect existing suppliers. There will also be a series of bad competitions, such as homogenization competition in the market and low-price competition. Thereby hindering the healthy development of the market.
FIBC Bag belongs to the manufacturing industry. And the raw material production process and the FIBC Bag transportation materials process will cause environmental pollution to a certain extent., each region has corresponding policy control over the FIBC Bag industry.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Greif, Inc. is one of the major players operating in the FIBC Bag market, holding a share of 2.91% in 2018.

Greif, Inc. produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.

Boxon GmbH manufactures custom corrugated products. The company offers flexible intermediate bulk containers (FIBC, and bulk handling solutions, big bags/FIBC solutions, and small bags. The company also provides truck loaders, FIBC pallets, and dunnage bags. In addition, it offers small bags PP circular woven sewn bags; PP woven, glued block bottom open mouth and block bottom valve bags; PE welded bags; PE block bottom open mouth and block bottom valve bags; and PE gusseted and embossed tubes, and bags. The company was founded in 1927 and is based in Moers, Germany.

Segmentation Overview:

Among different product types, Type A segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Chemicals and Petrochemicals segment occupied the biggest share from 2018 to 2022.

Key Companies in the global FIBC Bag market covered in Chapter 3:

Lasheen Group
Shankar Packagings Limited
Jai Corp Limited
Changzhou Quick Way FIBC Ltd.
Jumbo Bag Ltd.
LC Packaging International BV
Karur KCP Packagings Limited
Pera Plastic Group
Chempack
Rishi FIBC Solutions Private Limited
Emmbi Industries Limited
Virgo Polymer India Limited
Tongda Packing Co., Ltd
Plastene India Limited
FlexiTuff International Limited
Sinobangla Industries Limited
Boxon GmbH
FBIC Vietnam
Greif, Inc.
Filling & Packing Materials Mfg. Co.

In Chapter 4 and Chapter 14.2, on the basis of types, the FIBC Bag market from 2018 to 2029 is primarily split into:

Type A
Type B
Type C
Type D

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the FIBC Bag market from 2018 to 2029 covers:

Food & Agriculture
Chemicals and Petrochemicals
Construction Materials
Minerals and Ores
Pharmaceuticals
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)