Global Flexible Intermediate Bulk Container (FIBC) Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Flexible Intermediate Bulk Container (FIBC) Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

A Flexible Intermediate Bulk Container (FIBC) is a large, flexible bag designed to transport and store bulk quantities of dry or granular materials. These materials can range from powders, granules, and flakes to minerals, chemicals, and food products.

Market Overview:

The latest research study on the global Flexible Intermediate Bulk Container (FIBC) market finds that the global Flexible Intermediate Bulk Container (FIBC) market reached a value of USD 4636.16 million in 2023. It’s expected that the market will achieve USD 6154.23 million by 2029, exhibiting a CAGR of 4.83% during the forecast period.

Increased trade in pharmaceutical products and chemical materials between European countries

Flexible Intermediate Bulk Containers (FIBCs) are United Nations-certified high quality, non-polluting transport solutions, and the growing demand for industrial chemicals and pharmaceuticals in Europe and the growing trade volume between European countries is driving the development of this industry market. According to the Federation of European Pharmaceutical Industry Associations, Germany exported nearly 15% of its medicines to the rest of the world in 2019. According to the European Chemical Industry Council, the chemical industry is the second largest manufacturing industry in the UK, with revenues of $74.6 billion and value added of $22.8 billion in 2019, followed by the food and beverage processing industry. The UK's chemical industry is active in all key sectors, including petrochemicals, basic inorganic substances, agrochemicals, polymers, paints, and industries including fuel additives, lubricants, construction chemicals, and more. The increased use of products in the industrial sector drives sales in Europe.

Region Overview:

United States is projected to account for a considerable share of the Flexible Intermediate Bulk Container (FIBC) market and is expected to become the largest region by 2028.

Company Overview:

Greif, Inc. is one of the major players operating in the Flexible Intermediate Bulk Container (FIBC) market, holding a share of 6.46% in 2023.

Greif is a leading supplier of industrial packaging products and services, growing from its beginnings in Cleveland, Ohio, to a global footprint across more than thirty countries and 200-plus locations.

LC Packaging is a family owned company that has been active in the packaging industry for four generations. Over the years, LC Packaging’s range of services and knowledge have expanded considerably and today, LC Packaging specialise in high quality flexible packaging solutions for the safe, reliable and protective transportation of your valuable (dry) bulk goods.

Segmentation Overview:

By type, Type B Bulk Bags segment accounted for the largest share of market in 2022.

These FIBCs are made from non-conductive fabric and do not provide any static protection. They are suitable for non-flammable materials that do not pose a risk of electrostatic discharge.

Type B FIBCs are made from antistatic fabric designed to prevent the buildup of electrostatic charges. However, they do not provide full protection against sparks and incendiary discharges.

Also known as “grounded” FIBCs, Type C bags are made from electrically conductive fabric. They are equipped with grounding mechanisms to safely dissipate static charges, making them suitable for flammable materials.

Type D FIBCs use static dissipative fabric to prevent the occurrence of incendiary sparks. They do not require grounding and offer protection against hazardous charges for both flammable and non-flammable materials.

Application Overview:

By application, the Food & Agriculture segment occupied the biggest share from 2018 to 2022.

Flexible Medium bulk containers (FIBCs) are designed to transport and store large quantities of dry or granular material. These materials range from powders, pellets and flakes to minerals, chemicals and food. It can be applied to food & agriculture, chemicals, petrochemicals, construction materials, minerals and ores, pharmaceuticals.

Key Companies in the global Flexible Intermediate Bulk Container (FIBC) market covered in Chapter 3:

Greif, Inc.
Jumbo Bag Limited
Rishi FIBC Solutions Private Limited
Pera Plastic Group
Emmbi Industries Limited
SafeFlex International Limited
FBIC Vietnam
Sinobangla Industries Limited
Jai Corp Limited
FIPCO
Plastene India Limited
Shankar Packagings Limited
Wellknit
Jianyuanchun
LC Packaging International BV
Kanpur Plastipack Limited
Virgo Polymer India Limited
Quick Way FIBC
FlexiTuff International Limited

In Chapter 4 and Chapter 14.2, on the basis of types, the Flexible Intermediate Bulk Container (FIBC) market from 2019 to 2030 is primarily split into:

Type A Bulk Bags
Type B Bulk Bags
Type C Bulk Bags
Type D Bulk Bags

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Flexible Intermediate Bulk Container (FIBC) market from 2019 to 2030 covers:

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

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) 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)