The FIBC (Flexible Intermediate Bulk Container) Market is experiencing robust growth as it provides a cost-effective and efficient solution for handling and transporting bulk materials. Also known as bulk bags or jumbo bags, FIBCs are made from flexible woven polypropylene fabric and are widely used in industries like agriculture, chemicals, construction, and food processing.
The global FIBC market is estimated to be worth US$ 12.6 billion by the end of 2033, growing at a 5.4% CAGR during the forecast period. The market is estimated to produce $7.5 billion in revenue by 2023. In 2022, the worldwide FIBC market is expected to account for one-third of the global IBC market worth US$ 22 billion.
Their large capacity, high load-bearing capability, and ease of handling make them popular choices for storing and transporting products such as grains, powders, and chemicals. The market’s expansion is further fueled by the growing demand for sustainable packaging solutions and the increasing adoption of bulk packaging for logistics efficiency.
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FIBCs were rugged sheets made up of heavy-duty PVC coated polyester or nylon are combined together to get the shape of containers and lifted using pallets. With increasing demand for low space consuming flexible packaging, these FIBCs paved the way for woven polypropylene bulk bags.
Although FIBCs are primarily used to ship hazardous chemicals only, owing to constant innovations in the structural and design features. According to Future Market Insights, the FIBCs are extensively used in mining, building and construction, food, and agriculture industries.
FIBCs not only offer bulk quantity packaging but also protect and guarantees the shelf life of the products. FIBCs with modified atmospheric packaging (MAP) technology prevents product decay by replacing oxygen with nitrogen in the packaging.
Recently, the use of such containers in the food industry has increased exponentially due to the ability to provide greater protection to the products’ shelf lives. Besides this, consumers are more inclined towards hygiene and cleanroom packaging formats.
Hence, key players and end users are taking extra care to safeguard product from contamination. The UV-protected bags and the FIBCs made up of 100% virgin polypropylene fabric are the best suitable options for the outdoor applications and cleanroom packaging helps to eliminate chances of contamination.
As FIBCs are used to transport hazardous materials, the risk of fire is more during transportation especially in the high temperature regions. Hence, chemical industries transporting explosive materials have high demand for fire retardant bulk bags. The FIBCs produce with PP fabric and fire retarding chemicals ensures optimum fire safety and therefore such FIBCs are in huge demand in the past three years.
Key Takeaways from Global FIBC Market
- FIBC with a carrying capacity above 750 kgs is expected to hold major pie of 55% value share.
- Q bags with baffles are estimated to increase 1.7x of the current market value, by next decade.
- In terms of end use, chemicals & fertilizers segment is estimated to dominate the FIBC industry, registering CAGR of 5.8% in the global market.
- During the projected period, the U.S. FIBC market is expected to rise significantly.
- During the forecast period, the Indian FIBC market is expected to grow at a CAGR of 6.8% until 2032.
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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