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Jul 24, 2023

Elevating Logistics: FIBC Market Soars to US$ 12.6 billion by 2033, Revolutionizing Bulk Packaging

Woven polypropylene bulk bags, also known as FIBCs (Flexible Intermediate Bulk

Woven polypropylene bulk bags, also known as FIBCs (Flexible Intermediate Bulk Containers), have revolutionized the packaging industry by offering flexible and space-saving solutions. These bags are constructed by connecting strong sheets of heavy-duty PVC-covered polyester or nylon, and they are lifted using pallets.

The continuous advancements in structural and design features have made FIBCs particularly popular for transporting hazardous chemicals. According to Future Market Insights, FIBCs find extensive use in sectors such as mining, building and construction, food, and agriculture.

One of the key advantages of FIBCs is their ability to provide bulk packaging while ensuring product safety and shelf life. Some FIBCs are equipped with Modified Atmospheric Packaging (MAP) technology, which replaces oxygen with nitrogen, thereby delaying product deterioration.

In recent years, the use of FIBCs in the food industry has significantly increased due to their ability to enhance the shelf life of products. Additionally, container designs that prioritize hygiene and sanitation are more appealing to consumers, leading to their increased adoption.

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Both major industry players and end-users are taking significant precautions to prevent product contamination. UV-protected bags and FIBCs made of 100% virgin polypropylene fabric are considered the best options for outdoor applications. Cleanroom packaging techniques are employed to minimize the risk of contamination.

In conclusion, FIBCs, made from woven polypropylene, have transformed the packaging industry by offering flexible and space-saving solutions. With their ability to ensure product safety, prolong shelf life, and address hygiene concerns, FIBCs have gained widespread usage across various industries. Continuous advancements in design and materials contribute to their growing popularity and adoption.

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.

Key Takeaways from Global FIBC Market

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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:

Regional Outlook:

Growing Demand for FIBC in the United States Logistics Industry

Expansion of the Logistics and Transport Industry: The United States market for Flexible Intermediate Bulk Containers (FIBC) is expected to expand significantly during the forecast period. The logistics and transport industry in the United States is highly competitive and in the spotlight. Business logistics costs in the country surpassed US$ 1.6 trillion in 2018 and are projected to continue gaining traction in the coming decade. The foreign direct investment (FDI) in the United States logistics business has been increasing, reaching over US$ 5.3 billion in 2020. With the expansion of the shipping and logistics industry, the demand for FIBC is expected to grow exponentially.

Surge in Demand for FIBC in the Indian Market

Rapid Growth in Various Industries: The FIBC market in India has witnessed substantial growth, with a 38% increase over the past 10 years. Food-grade FIBC, in particular, is gaining significant traction and registering prominent growth rates. In 2021, India's FIBC production reached 306,996 MT, with food-grade FIBC accounting for nearly 28% of the total production. The total export sales of FIBC from India have tripled in the past decade, reaching US$ 708.48 million from 2020 to 2021. Industries such as food products & agriculture, pharmaceuticals, and chemicals & fertilizers have experienced notable industrialization, propelled by increased international trade activities and favorable measures by the Indian government. The Make-in-India initiatives and industry-specific incentives are further boosting the demand for FIBC as effective storage and transportation solutions.

Promising Growth Prospects for FIBC in India

Make-in-India Initiatives and Industry Expansion: India's FIBC market is predicted to grow at a rate of 2x during the forecast period. The country's efforts to promote domestic manufacturing through the Make-in-India initiatives, along with industry-specific incentives, are leading to the establishment of numerous manufacturing enterprises in India. This, in turn, is driving the demand for FIBC for efficient storage and transportation of goods. Various industries, including food products & agriculture, pharmaceuticals, and chemicals & fertilizers, are experiencing significant growth, supported by increased international commerce and favorable government measures

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Global FIBC Market by Category

By Packaging Type:

By Capacity:

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